Profit and Loss Practice Question and Answer

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:

Sarita started a boutique investing an amount of 50,000. Six months later Neeta joined her with an amount of 80,000.  At the end of one year they earned a profit of 18,000. What is the Sarita’s share in the profit?

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  • 1
    9000
    Correct
    Wrong
  • 2
    8000
    Correct
    Wrong
  • 3
    12000
    Correct
    Wrong
  • 4
    10000
    Correct
    Wrong
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Answer : 4. "10000"

Q:

Raghu sold an article for Rs. 180 after allowing a 20% discount on its marked price. Had he not allowed any discount, he would have gained 20%. What is the cost price of the article?

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  • 1
    187.50
    Correct
    Wrong
  • 2
    192.80
    Correct
    Wrong
  • 3
    188.60
    Correct
    Wrong
  • 4
    190.40
    Correct
    Wrong
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Answer : 1. "187.50"

Q:

While selling an article for Rs 18450, a person suffered a loss of 50%. At what price he should have sold the article (in Rs) to earn a profit of 50%?

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  • 1
    13837
    Correct
    Wrong
  • 2
    52000
    Correct
    Wrong
  • 3
    56775
    Correct
    Wrong
  • 4
    55350
    Correct
    Wrong
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Answer : 4. "55350"

Q:

Kuldeep sells an article for ₹ 3240 and earns a profit of 20%. What is the cost price of the article?

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  • 1
    ₹ 2750
    Correct
    Wrong
  • 2
    ₹ 2700
    Correct
    Wrong
  • 3
    ₹ 2800
    Correct
    Wrong
  • 4
    ₹ 2820
    Correct
    Wrong
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Answer : 2. "₹ 2700"

Q:

A trader purchased a gift box for Rs. 150. What should be the marked price on the gift box so that after allowing a discount of 10 %, he makes a profit of 10 %? 

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  • 1
    Rs . 180
    Correct
    Wrong
  • 2
    Rs . 183.3
    Correct
    Wrong
  • 3
    Rs . 186.6
    Correct
    Wrong
  • 4
    Rs . 190
    Correct
    Wrong
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Answer : 2. "Rs . 183.3 "

Q:

What would be the printed price of a wallclock purchased at ₹380, so that after giving 5 % discount, there is 25 % profit? 

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  • 1
    ₹ 500
    Correct
    Wrong
  • 2
    ₹ 600
    Correct
    Wrong
  • 3
    ₹ 400
    Correct
    Wrong
  • 4
    ₹ 450
    Correct
    Wrong
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Answer : 1. "₹ 500 "

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 "

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