Profit and Loss Practice Question and Answer

Q:

The cost price of 12 pens is equal to the selling price of 8 pens. The profit percentage is:

1619 0

  • 1
    50 %
    Correct
    Wrong
  • 2
    40 %
    Correct
    Wrong
  • 3
    55 %
    Correct
    Wrong
  • 4
    45 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "50 %"

Q:

The profit percentage of P and Q is same on selling the articles at Rs. 1800 each but A calculates his profit on the selling price while Q calculates it correctly on the cost price which is equal to 20%. What is the difference in their profits?

1612 0

  • 1
    40
    Correct
    Wrong
  • 2
    50
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    70
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "60"

Q:

If Jhanavi borrowed Rs.1,25,000 at 8% compounded, what will be the amount to be paid back at the end of 2 years? 

1611 0

  • 1
    1,43,800
    Correct
    Wrong
  • 2
    2,00,000
    Correct
    Wrong
  • 3
    1,43,000
    Correct
    Wrong
  • 4
    1,35,800
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "1,43,800 "

Q:

A trade buys 800 kgs of tomatoes for Rs 7200.  10% tomatoes are damaged in transportation. At what rate (Rs / kg) should he sell the rest earn 30 % profit? 

1609 0

  • 1
    10
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    9
    Correct
    Wrong
  • 4
    13
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "13 "

Q:

By selling 66 metres cloth, a man loses S.P. of 11 metres. What is the loss percent?

1606 0

  • 1
    $$ {14{2\over 7}}{\%}$$
    Correct
    Wrong
  • 2
    $$ {28{2\over 7}}{\%}$$
    Correct
    Wrong
  • 3
    $$ {19{2\over 7}}{\%}$$
    Correct
    Wrong
  • 4
    $$ {17{2\over 7}}{\%}$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "$$ {14{2\over 7}}{\%}$$"

Q:

The cost price of a radio is Rs. 600. The 5% of the cost price is charged towards transportation. After adding that, If net profit to be made is 15%, then the selling price of the radio must be 

1600 1

  • 1
    Rs. 664.50
    Correct
    Wrong
  • 2
    Rs. 684.50
    Correct
    Wrong
  • 3
    Rs. 704.50
    Correct
    Wrong
  • 4
    Rs. 724.50
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 724.50 "
Explanation :

Q:

The cost price of an article is ₹390. If it is to be sold at a profit of 3.12 %, how much would be its approximate selling price?

1598 0

  • 1
    410 ₹
    Correct
    Wrong
  • 2
    402 ₹
    Correct
    Wrong
  • 3
    417 ₹
    Correct
    Wrong
  • 4
    420 ₹
    Correct
    Wrong
  • 5
    442 ₹
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "402 ₹"

Q:

An article was sold for Rs.4000. Had a discount of 10% was being offered, the profit would have been 20%. The cost price of the article was:

1595 0

  • 1
    Rs.3000
    Correct
    Wrong
  • 2
    Rs.3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3310
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs.3000"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully