Profit and Loss Practice Question and Answer

Q:

Rahul purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

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  • 1
    3.5
    Correct
    Wrong
  • 2
    4.5
    Correct
    Wrong
  • 3
    6.5
    Correct
    Wrong
  • 4
    5.6
    Correct
    Wrong
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Answer : 4. " 5.6"

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 

1594 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:

Selling price of an article is $${7\over6}$$ of cost price. What is the profit percentage?

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  • 1
    $$14{7\over6}\% $$
    Correct
    Wrong
  • 2
    $$12{1\over2}\% $$
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    $$16{2\over3}\% $$
    Correct
    Wrong
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Answer : 4. "$$16{2\over3}\% $$"

Q:

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

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  • 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"

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.

1588 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:

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

1584 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:

Arun purchased 30 kg. of rice at the rate of Rs. 17.50 per kg. and another Rs. 30 kg. at a certain rate. He mixed the two and sold the entire quantity at the rate Rs. 18.60 per kg. and made 20% overall profit. At what price per kg. did he pruchase the lot of another 30 kg. rice?

1570 0

  • 1
    Rs.11.50
    Correct
    Wrong
  • 2
    Rs.12.00
    Correct
    Wrong
  • 3
    Rs.14.50
    Correct
    Wrong
  • 4
    Rs.13.50
    Correct
    Wrong
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Answer : 4. "Rs.13.50"

Q:

The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x?

1566 0

  • 1
    15
    Correct
    Wrong
  • 2
    50
    Correct
    Wrong
  • 3
    30
    Correct
    Wrong
  • 4
    80
    Correct
    Wrong
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Answer : 2. "50"

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