Profit and Loss Practice Question and Answer

Q:

A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles . What % profit did he make in the transaction?

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  • 1
    300%
    Correct
    Wrong
  • 2
    150%
    Correct
    Wrong
  • 3
    33.33%
    Correct
    Wrong
  • 4
    75%
    Correct
    Wrong
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Answer : 1. "300% "

Q:

An article is sold at a profit of 20% of its cost price. If cost price and selling price reduces by Rs 10 and Rs. 5 respectively, then the percentage profit increased to 30%. Find the cost price?

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  • 1
    Rs. 80
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 75
    Correct
    Wrong
  • 4
    Rs. 60
    Correct
    Wrong
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Answer : 1. "Rs. 80"

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?

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  • 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:

A vendor buys bananas at 12 for 45 and sells at 5 for 35. What will be the gain ? 

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  • 1
    87 %
    Correct
    Wrong
  • 2
    82 %
    Correct
    Wrong
  • 3
    92 %
    Correct
    Wrong
  • 4
    89 %
    Correct
    Wrong
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Answer : 1. " 87 % "

Q:

A merchant has 1000 kg sugar, some part of which he sells at 8 % profit and the rest at 18 % profit. He gains 14 % on the whole. The quantity sold at 8 % profit is: 

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  • 1
    400 kg
    Correct
    Wrong
  • 2
    560 kg
    Correct
    Wrong
  • 3
    600 kg
    Correct
    Wrong
  • 4
    640 kg
    Correct
    Wrong
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Answer : 1. "400 kg"

Q:

A phone is sold for Rs. 860 at a loss of 20% for how much should it be sold gain 10%?

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  • 1
    Rs.1182.5
    Correct
    Wrong
  • 2
    Rs.1168.5
    Correct
    Wrong
  • 3
    Rs.1092.5
    Correct
    Wrong
  • 4
    Rs.1220.5
    Correct
    Wrong
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Answer : 1. "Rs.1182.5"

Q:

If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be 

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  • 1
    1 : 2
    Correct
    Wrong
  • 2
    2 : 1
    Correct
    Wrong
  • 3
    1 : 3
    Correct
    Wrong
  • 4
    3 : 1
    Correct
    Wrong
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Answer : 3. "1 : 3 "

Q:

By selling an article for Rs. 450, I lose 20%. For what price should I sell it to gain 20% ? 

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  • 1
    Rs. 470
    Correct
    Wrong
  • 2
    Rs. 562.50
    Correct
    Wrong
  • 3
    Rs. 490
    Correct
    Wrong
  • 4
    Rs. 675
    Correct
    Wrong
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Answer : 4. "Rs. 675 "
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