Profit and Loss Practice Question and Answer
8 Q: If a shopkeeper bought 70 kg of potatoes for Rs 420 and sold the entire purchase at the rate of 6.50 per kg, what was his profit percentage?
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5fb39f7206649f682b909ba7- 1$$ {8{1\over 3}\%}$$true
- 2$$ {5{1\over 3}\%}$$false
- 3$$ {8{2\over 3}\%}$$false
- 4$$ {4{1\over 3}\%}$$false
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Answer : 1. "$$ {8{1\over 3}\%}$$"
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 ?
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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:
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5e843a4b41a4013349c17328- 115%false
- 221%false
- 318%true
- 416%false
- 5None of thesefalse
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Answer : 3. "18%"
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:
2105 060c09b39c197293a48275231
60c09b39c197293a48275231- 1Rs.3000true
- 2Rs.3600false
- 3Rs. 3200false
- 4Rs. 3310false
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Answer : 1. "Rs.3000"
Q: If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__
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5f1544c99a713b0717c7974f- 1Rs. 1,200true
- 2Rs. 1,000false
- 3Rs. 960false
- 4Rs. 900false
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Answer : 1. "Rs. 1,200"
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?
2080 05f9a9db83149fe41bd5f7e1e
5f9a9db83149fe41bd5f7e1e- 125true
- 210false
- 320false
- 415false
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Answer : 1. "25"
Q: Ranveer bought a computer paying 25% less than the list price and sold it to his neighbour at a 40% profit on his purchase cost. The profit percentage earned by Ranveer on the list price of the computer is:
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6422573232185cce370796a3- 110%false
- 27.5%false
- 36.67%false
- 45%true
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Answer : 4. "5%"
Q: Cost of 8 pencils, 5 pens and 3 erasers is Rs.111. Cost of 9 pencils, 6 pens and 5 erasers is Rs.130. Cost of 16 pencils, 11 pens and 3 erases is Rs. 221 What is the Cost (in Rs) of 39 pencil , 26 pens and 13 erasers ?
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600939c4a41f3f2fa41e9ee4- 1316false
- 2624false
- 3546true
- 4482false
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