Profit and Loss Practice Question and Answer

Q:

A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?

1811 0

  • 1
    ₹1,080
    Correct
    Wrong
  • 2
    ₹725
    Correct
    Wrong
  • 3
    ₹590
    Correct
    Wrong
  • 4
    ₹820
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "₹725 "

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 

1808 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:

A person bought pens at 25 for a rupee and sold at 15 for a rupee. What is his profit percentage? 

1804 0

  • 1
    $$66{2\over 3}$$
    Correct
    Wrong
  • 2
    40
    Correct
    Wrong
  • 3
    $$16{2\over 3}$$
    Correct
    Wrong
  • 4
    $$33{1\over 3}$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "$$66{2\over 3}$$"

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?

1802 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:

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 ?

1798 0

  • 1
    316
    Correct
    Wrong
  • 2
    624
    Correct
    Wrong
  • 3
    546
    Correct
    Wrong
  • 4
    482
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "546"

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: 

1794 0

  • 1
    20
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    18
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "25 "

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?

1787 0

  • 1
    $$ {8{1\over 3}\%}$$
    Correct
    Wrong
  • 2
    $$ {5{1\over 3}\%}$$
    Correct
    Wrong
  • 3
    $$ {8{2\over 3}\%}$$
    Correct
    Wrong
  • 4
    $$ {4{1\over 3}\%}$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "$$ {8{1\over 3}\%}$$"

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? 

1784 0

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

Answer : 4. "13 "

      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