Profit and Loss Practice Question and Answer

Q:

A man has 60 pens. He sells some of these at a profit of 12 % and the rest at 8 % loss. On the whole, he gets a profit 11 %. How many pens were sold at 12 % profit.

2066 1

  • 1
    47
    Correct
    Wrong
  • 2
    52
    Correct
    Wrong
  • 3
    55
    Correct
    Wrong
  • 4
    57
    Correct
    Wrong
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Answer : 4. "57"

Q:

A dealer buys a table listed at Rs 1,500 and gets successive discounts of 20% and 10%. He spends Rs. 20 on transportation and sells it at a profit of 20%. The selling price of the table is

2064 0

  • 1
    Rs.1320
    Correct
    Wrong
  • 2
    Rs.1350
    Correct
    Wrong
  • 3
    Rs.1360
    Correct
    Wrong
  • 4
    Rs.1380
    Correct
    Wrong
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Answer : 1. "Rs.1320 "
Explanation :

Q:

Ratio of CP and SP is 12:13, then the profit percent is?

2056 0

  • 1
    8.33%
    Correct
    Wrong
  • 2
    12.5%
    Correct
    Wrong
  • 3
    7.82%
    Correct
    Wrong
  • 4
    9.4%
    Correct
    Wrong
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Answer : 1. "8.33%"

Q:

Last year Mr. A bought two paintings. This year he sold them for Rs. 20,000 each. On one, he made a 25 % profit and of the other he had a 25 % loss. Then his net profit or loss is 

2043 0

  • 1
    He earned more than Rs. 2000
    Correct
    Wrong
  • 2
    He earned less than Rs . 2000
    Correct
    Wrong
  • 3
    He lost more than Rs. 2000
    Correct
    Wrong
  • 4
    He lost more than Rs. 2000
    Correct
    Wrong
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Answer : 3. "He lost more than Rs. 2000 "

Q:

The marked price of a table fan is ₹3,750 and is available to the retailer at a discount of 20%. At what price should the retailer sell it to earn a profit of 15%?

2040 0

  • 1
    ₹3,450
    Correct
    Wrong
  • 2
    ₹3,350
    Correct
    Wrong
  • 3
    ₹3,300
    Correct
    Wrong
  • 4
    ₹3,400
    Correct
    Wrong
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Answer : 1. "₹3,450"

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? 

2040 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:

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?

2031 0

  • 1
    40
    Correct
    Wrong
  • 2
    50
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    70
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "60"

Q:

A tradesman marks his goods at 20 % above the cost price. He allows his customers a discount of 8% on marked price. Find out his profit percent.

2025 0

  • 1
    12 %
    Correct
    Wrong
  • 2
    10.4 %
    Correct
    Wrong
  • 3
    16 %
    Correct
    Wrong
  • 4
    20 %
    Correct
    Wrong
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Answer : 2. "10.4 %"

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