Profit and Loss Practice Question and Answer
8 Q: A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?
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6428210fdcb650c145720e76- 1₹1,080false
- 2₹725true
- 3₹590false
- 4₹820false
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Answer : 2. "₹725 "
Q: If a vendor sells apples at Rs 170 per kg he suffers 15 % loss. If he sells at Rs 230 per kg, then what is his profit percentage?
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5f328208a19eae5979ff56a3- 15false
- 220false
- 315true
- 410false
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Answer : 3. "15 "
Q: A Microwave oven is sold in Hyderabad for Rs.M. A retailer, Elahi from Hyderabad went to Madras and bought it for 25% less (when compared to the price in Hyderabad). He spends Rs.1,000 on transport to bring it from Madras to Hyderabad. He sold it in Hyderabad for Rs.M making a profit of 10%. Find the value of M (in Rs.).
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647f3858e72c4684a1e26e61- 16,285.7true
- 26,258.8false
- 36,305.8false
- 46,527.9false
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Answer : 1. "6,285.7 "
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?
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5dca4eecf7c0852c4475b0b9- 11400false
- 2600true
- 3800false
- 41000false
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Answer : 2. "600"
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
2192 05d9dab835863b37fdc696095
5d9dab835863b37fdc696095- 1Rs. 140false
- 2Rs. 160true
- 3Rs. 80false
- 4Rs. 100false
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Answer : 2. "Rs. 160"
Q: A merchant buys an article for Rs. 27 and sells it at a profit of 10 % of the selling price. The selling price of the article is:
2190 05efc6f6dd4461c5b47d6b15c
5efc6f6dd4461c5b47d6b15c- 1Rs. 37false
- 2Rs.32false
- 3Rs. 29.70false
- 4Rs. 30true
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Answer : 4. "Rs. 30 "
Explanation :

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?
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642253fd2b960e1a4180c9bb- 166.67%true
- 238.33%false
- 341.33%false
- 451.33%false
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Answer : 1. "66.67%"
Q: A man buys 12 articles for Rs. 12 /- and sells them at the rate of Rs.1.25 per article. His gain percentage is:
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5dbab0d733aa9436e0e60d77- 120false
- 225true
- 315false
- 418false
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