Profit and Loss Practice Question and Answer

Q:

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

1853 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
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Answer : 1. "$$66{2\over 3}$$"

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? 

1851 0

  • 1
    10
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    9
    Correct
    Wrong
  • 4
    13
    Correct
    Wrong
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Answer : 4. "13 "

Q:

A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225/- for it, the cost price of the bicycle for A is: 

1844 0

  • 1
    Rs. 110 / -
    Correct
    Wrong
  • 2
    Rs. 125 /-
    Correct
    Wrong
  • 3
    Rs. 120 / -
    Correct
    Wrong
  • 4
    Rs. 150 /-
    Correct
    Wrong
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Answer : 4. "Rs. 150 /-"

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?

1835 0

  • 1
    410 ₹
    Correct
    Wrong
  • 2
    402 ₹
    Correct
    Wrong
  • 3
    417 ₹
    Correct
    Wrong
  • 4
    420 ₹
    Correct
    Wrong
  • 5
    442 ₹
    Correct
    Wrong
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Answer : 2. "402 ₹"

Q:

A businessman sells a commodity at 10 % profit. If he had bought it at 10 % less and sold it for Rs. 2 less, then he would have gained $$16{2\over3}\%$$. The cost price of the commodity is 

1829 1

  • 1
    Rs . 32
    Correct
    Wrong
  • 2
    Rs . 48
    Correct
    Wrong
  • 3
    Rs . 36
    Correct
    Wrong
  • 4
    Rs . 40
    Correct
    Wrong
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Answer : 4. "Rs . 40 "

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:

1824 0

  • 1
    10%
    Correct
    Wrong
  • 2
    7.5%
    Correct
    Wrong
  • 3
    6.67%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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Answer : 4. "5%"

Q:

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

1820 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
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Answer : 1. "$$ {14{2\over 7}}{\%}$$"

Q:

If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__

1813 0

  • 1
    Rs. 1,200
    Correct
    Wrong
  • 2
    Rs. 1,000
    Correct
    Wrong
  • 3
    Rs. 960
    Correct
    Wrong
  • 4
    Rs. 900
    Correct
    Wrong
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Answer : 1. "Rs. 1,200"

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