Profit and Loss Practice Question and Answer

Q:

17 articles were bought for ₹3910 and sold for ₹4590. How much was the approximate profit percentage per article?

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  • 1
    17 %
    Correct
    Wrong
  • 2
    12 %
    Correct
    Wrong
  • 3
    9 %
    Correct
    Wrong
  • 4
    21 %
    Correct
    Wrong
  • 5
    25 %
    Correct
    Wrong
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Answer : 1. "17 % "

Q:

There is 10 % loss if a watch is sold for Rs 1440/-. At What price it is to be sold to get 15 % profit. 

2136 0

  • 1
    Rs. 1840/-
    Correct
    Wrong
  • 2
    Rs. 1850/-
    Correct
    Wrong
  • 3
    Rs. 1800/-
    Correct
    Wrong
  • 4
    Rs. 1860/-
    Correct
    Wrong
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Answer : 1. "Rs. 1840/- "

Q:

The cost price of an article is 480. If it is to be sold at a profit of 6.25 %, how much would be its selling price? 

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  • 1
    Rs 510
    Correct
    Wrong
  • 2
    Rs 530
    Correct
    Wrong
  • 3
    Rs 503
    Correct
    Wrong
  • 4
    Rs 519
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 510"

Q:

When Vijay sells 12 pens, he gains the selling price of pens. Calculate his % profit?

2129 0

  • 1
    15%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "20%"

Q:

A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs. 162. The cost price of the article is 

2126 0

  • 1
    Rs. 450
    Correct
    Wrong
  • 2
    Rs. 600
    Correct
    Wrong
  • 3
    Rs. 360
    Correct
    Wrong
  • 4
    Rs. 540
    Correct
    Wrong
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Answer : 1. "Rs. 450"

Q:

By selling a pen for Rs 105 there is a loss of 30%. At what price (in Rs) the pen must be sold in order to gain 30%?

2113 0

  • 1
    215
    Correct
    Wrong
  • 2
    165
    Correct
    Wrong
  • 3
    195
    Correct
    Wrong
  • 4
    200
    Correct
    Wrong
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Answer : 3. "195"

Q:

By a selling basket for Rs. 19.50, a shopkeeper gains 30 %. For how much should he sell it to gain 40 %? 

2108 0

  • 1
    Rs.24
    Correct
    Wrong
  • 2
    Rs.23
    Correct
    Wrong
  • 3
    Rs.21
    Correct
    Wrong
  • 4
    Rs.21.50
    Correct
    Wrong
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Answer : 3. "Rs.21 "

Q:

Sujatha sold 75% of her goods at a profit of 24% and the remaining at a loss of 40%. What is her gain/loss percentage on the whole transaction?

2085 0

  • 1
    8% gain
    Correct
    Wrong
  • 2
    10% gain
    Correct
    Wrong
  • 3
    7.5 % loss
    Correct
    Wrong
  • 4
    9 % loss
    Correct
    Wrong
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Answer : 1. "8% gain"

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