Profit and Loss Practice Question and Answer

Q:

Vinayak bought an item and sold it at a loss of 5%. If he had bought it for 10% less and sold it for Rs.390 more, he would have had a profit of 20%, find the cost price of item.

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  • 1
    Rs. 3300
    Correct
    Wrong
  • 2
    Rs. 3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3000
    Correct
    Wrong
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Answer : 4. "Rs. 3000"

Q:

A shopkeeper allows 25% discount on his advertised price and to make a profit 25% on his outlay. What is the advertised price (in Rs.) on which he gains Rs. 6000?

1769 0

  • 1
    36000
    Correct
    Wrong
  • 2
    45000
    Correct
    Wrong
  • 3
    39000
    Correct
    Wrong
  • 4
    40000
    Correct
    Wrong
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Answer : 4. "40000"

Q:

What is the discount rate of a gift whose selling price is Rs. 420 after a reduction of Rs. 60 on its marked price ?

1767 0

  • 1
    10.5
    Correct
    Wrong
  • 2
    12.5
    Correct
    Wrong
  • 3
    14.5
    Correct
    Wrong
  • 4
    13.5
    Correct
    Wrong
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Answer : 2. "12.5"

Q:

A person bought some articles at the rate of 5 per rupee and the same number at the rate of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees. In this business he suffered a loss of Rs. 3. The total number of articles bought by him was 

1766 0

  • 1
    540
    Correct
    Wrong
  • 2
    545
    Correct
    Wrong
  • 3
    1090
    Correct
    Wrong
  • 4
    1080
    Correct
    Wrong
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Answer : 4. "1080 "

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?

1759 0

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

Q:

The price of 6 pencils is Rs. 30 and that of 12 pens is Rs. 120. What is the average price of 50 pencils and 50 pens?

1745 0

  • 1
    Rs. 6.75
    Correct
    Wrong
  • 2
    Rs. 7.5
    Correct
    Wrong
  • 3
    Rs. 5
    Correct
    Wrong
  • 4
    Rs. 5.75
    Correct
    Wrong
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Answer : 2. "Rs. 7.5 "

Q:

An article is sold at 5 % profit. The ratio of selling price and cost price will be 

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  • 1
    1 : 5
    Correct
    Wrong
  • 2
    20 : 21
    Correct
    Wrong
  • 3
    21 : 20
    Correct
    Wrong
  • 4
    5 : 1
    Correct
    Wrong
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Answer : 3. "21 : 20 "

Q:

A man sold 18 cots for Rs.16800, gaining there by the cost price of 3 cots. The cost price of a cot is 

1736 0

  • 1
    Rs.600
    Correct
    Wrong
  • 2
    Rs.800
    Correct
    Wrong
  • 3
    Rs.900
    Correct
    Wrong
  • 4
    Rs.1000
    Correct
    Wrong
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Answer : 2. "Rs.800 "

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