Profit and Loss Practice Question and Answer
8 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 ?
2033 05e9d3fe8bf0a265d837bfcbd
5e9d3fe8bf0a265d837bfcbd- 1₹ 600false
- 2₹ 500true
- 3₹ 660false
- 4₹ 550false
- 5None of thesefalse
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Answer : 2. "₹ 500"
Q: A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?
2021 06428210fdcb650c145720e76
6428210fdcb650c145720e76- 1₹1,080false
- 2₹725true
- 3₹590false
- 4₹820false
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Answer : 2. "₹725 "
Q: If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10 % discount then what will be profit ?
2012 05e6f7d2e3550c37dbe365029
5e6f7d2e3550c37dbe365029- 125%false
- 240%false
- 350%false
- 4125%true
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Answer : 4. "125% "
Q: A scientist mixes 10% water in his solution but he is not content with it so he again mixes 10% more water in the previous mixture. What is the profit percentage of the scientist if he sells it at cost price:
2004 05e843a4b41a4013349c17328
5e843a4b41a4013349c17328- 115%false
- 221%false
- 318%true
- 416%false
- 5None of thesefalse
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Answer : 3. "18%"
Q: A trader had 16 quintals of wheat. He sold a part of it at 17% profit and the rest at 27% profit, so that he made a total profit of 21%. How much wheat did he sell at 27 % profit?
2000 05f1a8687209bcc11a7898179
5f1a8687209bcc11a7898179- 1320 kgfalse
- 21280 kgfalse
- 3960 kgfalse
- 4640 kgtrue
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Answer : 4. "640 kg "
Q: Krishna bought a camera and paid 20 % less than its original price. He sold it at 40 % profit on the price he had paid. The percentage of profit earned by Krishna on the original price was
1999 05efc71668e73c352771d9da8
5efc71668e73c352771d9da8- 112true
- 215false
- 322false
- 432false
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Answer : 1. "12"
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:
1998 05dbab0d733aa9436e0e60d77
5dbab0d733aa9436e0e60d77- 120false
- 225true
- 315false
- 418false
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Answer : 2. "25 "
Q: If the selling price of a product is multiplied by 2, the resulting profit is 6 times the original profit. What is the original profit percentage?
1994 05f9a9db83149fe41bd5f7e1e
5f9a9db83149fe41bd5f7e1e- 125true
- 210false
- 320false
- 415false
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