Profit and Loss Practice Question and Answer
8 Q: By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%?
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5dcb847345ad6b59c82cf7a7- 1Rs . 910false
- 2Rs . 1200false
- 3Rs . 1232false
- 4Rs . 1300true
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Answer : 4. "Rs . 1300 "
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?
1800 0605a967b281aeb2a4f44a211
605a967b281aeb2a4f44a211- 1Rs.11.50false
- 2Rs.12.00false
- 3Rs.14.50false
- 4Rs.13.50true
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Answer : 4. "Rs.13.50"
Q: From 2008 to 2009, the sales of a book decreased by 80%. If the sales in 2010 were the same as in 2008, by what percent did it increase from 2009 to 2010?
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5ff4106fd4181b48e8fa7240- 1120%false
- 2400%true
- 380%false
- 4100%false
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Answer : 2. "400%"
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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5f97fca4d433054b5c8ae755- 13.5false
- 24.5false
- 36.5false
- 45.6true
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Answer : 4. " 5.6"
Q: The cost price of item B is Rs. 150/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?
1794 161cdbab5edcf9307082e58bb
61cdbab5edcf9307082e58bb- 1Rs. 450/-true
- 2Rs. 420/-false
- 3Rs. 400/-false
- 4Rs. 350/-false
- 5Rs. 480/-false
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Answer : 1. "Rs. 450/-"
Q: A shopkeeper bought goods for Rs. 2025. He sold $$ {1\over 5}$$ th of it at 20% profit and the remaining at the profit of 5%, the profit per cent on the whole is
1786 05feda2d5d6478d501619b9f4
5feda2d5d6478d501619b9f4- 16%false
- 27%false
- 36.5%false
- 48%true
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Answer : 4. "8%"
Q: A store sells a watch for a profit of 25% of the cost. Then the percentage of profit against selling price is-
1777 061161e5f56340c20700ab605
61161e5f56340c20700ab605- 122%false
- 220%true
- 318%false
- 415%false
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Answer : 2. "20%"
Explanation :

Q: A and B invest in a business in the ratio 3:2. If 5% of the total profit goes to charity and A’s share is Rs.855, the total profit is:
1772 05ee056528c4c964f73d774b5
5ee056528c4c964f73d774b5- 1Rs. 1425false
- 2Rs. 1500true
- 3Rs. 1537.50false
- 4Rs.1576false
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