Profit and Loss Practice Question and Answer

Q:

Ranjan made a profit of 25% when selling a TV set at Rs. 3000. If he now has to pay Rs. 500 more for the set, what should be his new selling price in order to make the same percentage of profit?

1940 0

  • 1
    ₹ 3650
    Correct
    Wrong
  • 2
    ₹ 4000
    Correct
    Wrong
  • 3
    ₹ 3600
    Correct
    Wrong
  • 4
    ₹ 3625
    Correct
    Wrong
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Answer : 4. "₹ 3625 "

Q:

If shopkeeper sold the mobile for Rs.15000 and then he gets some loss. If he sold the same mobile at Rs.19200 and then he gets profit is double of loss. Find the cost price of the mobile?

1920 0

  • 1
    Rs.16000
    Correct
    Wrong
  • 2
    Rs.18000
    Correct
    Wrong
  • 3
    Rs.17500
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these "

Q:

Due to increase in the value of eggs by 20 percent, two eggs started getting less at Rs. 24. The current price per dozen of eggs.

1911 0

  • 1
    Rs.25
    Correct
    Wrong
  • 2
    Rs.26.20
    Correct
    Wrong
  • 3
    Rs.27.80
    Correct
    Wrong
  • 4
    Rs.28.80
    Correct
    Wrong
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Answer : 4. "Rs.28.80"

Q:

The cost price of two items P and Q are equal. If item P sold at 40% profit and item Q sold at 20% less than the selling price of item P, then the total profit is ?

1901 0

  • 1
    ₹ 600
    Correct
    Wrong
  • 2
    ₹ 500
    Correct
    Wrong
  • 3
    ₹ 660
    Correct
    Wrong
  • 4
    ₹ 550
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "₹ 500"

Q:

A cow was sold at 8% profit. If it were bought at 20% less and sold at 40% profit, then the owner would gain ₹ 640 more. Find the initial cost price of the cow.

1901 1

  • 1
    ₹ 15,000
    Correct
    Wrong
  • 2
    ₹ 16,000
    Correct
    Wrong
  • 3
    ₹ 20,000
    Correct
    Wrong
  • 4
    ₹ 25,000
    Correct
    Wrong
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Answer : 2. "₹ 16,000 "

Q:

The reduction of Rs . 12 in the selling price of an article will changes 5 % gain into  $$ 2{1\over 2}\% $$ loss . The cost price of the article is 

1898 0

  • 1
    Rs. 140
    Correct
    Wrong
  • 2
    Rs. 160
    Correct
    Wrong
  • 3
    Rs. 80
    Correct
    Wrong
  • 4
    Rs. 100
    Correct
    Wrong
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Answer : 2. "Rs. 160"

Q:

A trader had 2000 kgs of rice. He sold a part of it at 10 % profit and the rest at 16 % profit so that he made a total profit of 14.2%. How much rice (in kg) did he sell at 10 % profit? 

1897 0

  • 1
    1400
    Correct
    Wrong
  • 2
    600
    Correct
    Wrong
  • 3
    800
    Correct
    Wrong
  • 4
    1000
    Correct
    Wrong
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Answer : 2. "600"

Q:

An article is sold at a loss of 40%. The nominal amount of loss is approximately what percentage of the selling price of the article?

1881 0

  • 1
    66.67%
    Correct
    Wrong
  • 2
    38.33%
    Correct
    Wrong
  • 3
    41.33%
    Correct
    Wrong
  • 4
    51.33%
    Correct
    Wrong
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Answer : 1. "66.67%"

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