Profit and Loss Practice Question and Answer

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 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:

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

2018 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 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 0

  • 1
    1,43,800
    Correct
    Wrong
  • 2
    2,00,000
    Correct
    Wrong
  • 3
    1,43,000
    Correct
    Wrong
  • 4
    1,35,800
    Correct
    Wrong
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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 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 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 0

  • 1
    15
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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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 0

  • 1
    24.36
    Correct
    Wrong
  • 2
    22.14
    Correct
    Wrong
  • 3
    20.25
    Correct
    Wrong
  • 4
    18.41
    Correct
    Wrong
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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 0

  • 1
    Rs . 910
    Correct
    Wrong
  • 2
    Rs . 1200
    Correct
    Wrong
  • 3
    Rs . 1232
    Correct
    Wrong
  • 4
    Rs . 1300
    Correct
    Wrong
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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 0

  • 1
    22%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 2. "20%"
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