Profit and Loss Practice Question and Answer

Q:

A car worth Rs 30,000 was sold by A to B at 10 % profit. B sold the car back to A at 5 % loss. In the entire transaction.

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  • 1
    A gain Rs 1500
    Correct
    Wrong
  • 2
    A loss Rs 1500
    Correct
    Wrong
  • 3
    A gain Rs. 1650
    Correct
    Wrong
  • 4
    A gain Rs. 1850
    Correct
    Wrong
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Answer : 3. "A gain Rs. 1650"

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?

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

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

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  • 1
    6%
    Correct
    Wrong
  • 2
    7%
    Correct
    Wrong
  • 3
    6.5%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 4. "8%"

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:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was the marked price of the article?

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  • 1
    Rs 6207
    Correct
    Wrong
  • 2
    Rs 6242
    Correct
    Wrong
  • 3
    Rs 6292
    Correct
    Wrong
  • 4
    Rs 6192
    Correct
    Wrong
  • 5
    Rs 6272
    Correct
    Wrong
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Answer : 5. "Rs 6272"

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 

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

Q:

A man sells two chairs at Rs. 120 each and by doing so he gains 25% on one chair and loses 25% on the other. His loss on the whole in Rs.is

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  • 1
    20
    Correct
    Wrong
  • 2
    16
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    30
    Correct
    Wrong
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Answer : 2. "16"

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 

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  • 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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