Profit and Loss Practice Question and Answer
8 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
2019 15efc79a1eb90be58c59038e5
5efc79a1eb90be58c59038e5- 1Rs . 32false
- 2Rs . 48false
- 3Rs . 36false
- 4Rs . 40true
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Answer : 4. "Rs . 40 "
Q: By selling 66 metres cloth, a man loses S.P. of 11 metres. What is the loss percent?
2018 060b60cc93065e2501934e6da
60b60cc93065e2501934e6da- 1$$ {14{2\over 7}}{\%}$$true
- 2$$ {28{2\over 7}}{\%}$$false
- 3$$ {19{2\over 7}}{\%}$$false
- 4$$ {17{2\over 7}}{\%}$$false
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Answer : 1. "$$ {14{2\over 7}}{\%}$$"
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?
2018 05ebcd3e7106f3017d5fee94b
5ebcd3e7106f3017d5fee94b- 11,43,800true
- 22,00,000false
- 31,43,000false
- 41,35,800false
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Answer : 1. "1,43,800 "
Q: A person bought pens at 25 for a rupee and sold at 15 for a rupee. What is his profit percentage?
1981 05f2e52432b354b255006cbff
5f2e52432b354b255006cbff- 1$$66{2\over 3}$$true
- 240false
- 3$$16{2\over 3}$$false
- 4$$33{1\over 3}$$false
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Answer : 1. "$$66{2\over 3}$$"
Q: A scooter was purchased for Rs 30,000 and Rs 3,000 was spent to repair it. It was sold for Rs 39,600. What was the profit percentage?
1981 05f6d86d1f9079a64e3bed9f3
5f6d86d1f9079a64e3bed9f3- 115false
- 220true
- 325false
- 410false
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Answer : 2. "20"
Q: A trader sells two items at the rate of Rs 400 each. If he gains 15% on one and losses 15% on other, then what is the value (in Rs) of loss?
1980 05f30d194bcbb69394d1c8eb3
5f30d194bcbb69394d1c8eb3- 124.36false
- 222.14false
- 320.25false
- 418.41true
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Answer : 4. "18.41"
Q: By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%?
1979 05dcb847345ad6b59c82cf7a7
5dcb847345ad6b59c82cf7a7- 1Rs . 910false
- 2Rs . 1200false
- 3Rs . 1232false
- 4Rs . 1300true
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Answer : 4. "Rs . 1300 "
Q: A store sells a watch for a profit of 25% of the cost. Then the percentage of profit against selling price is-
1975 061161e5f56340c20700ab605
61161e5f56340c20700ab605- 122%false
- 220%true
- 318%false
- 415%false
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Answer : 2. "20%"
Explanation :


