Profit and Loss Practice Question and Answer

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Answer : 2. "450 kg."

Q:

If apples are bought at the rate of 30 for a rupee. How many apples must be sold for a rupee to gain 20%?   

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  • 1
    20
    Correct
    Wrong
  • 2
    22
    Correct
    Wrong
  • 3
    28
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 4. "25 "

Q:

A shopkeeper marks an article 24% above its cost price and allows a 15% discount on the marked price. If he earns a profit of Rs. 27 by selling the article, then the selling price of the article is:

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  • 1
    Rs. 522
    Correct
    Wrong
  • 2
    Rs. 508
    Correct
    Wrong
  • 3
    Rs. 527
    Correct
    Wrong
  • 4
    Rs. 517
    Correct
    Wrong
  • 5
    Rs. 817
    Correct
    Wrong
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Answer : 3. "Rs. 527"

Q:

Mohan bought 25 books for Rs. 2,000 and sold them at a profit equal to the selling price of 5 books. The selling price of 1 book is: 

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  • 1
    Rs . 120
    Correct
    Wrong
  • 2
    Rs . 150
    Correct
    Wrong
  • 3
    Rs . 100
    Correct
    Wrong
  • 4
    Rs . 200
    Correct
    Wrong
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Answer : 3. "Rs . 100 "

Q:

A man bought 20 dozen eggs for Rs. 720. What should be the selling price of each egg if he wants to make a profit of 20 %? 

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  • 1
    Rs. 3.50
    Correct
    Wrong
  • 2
    Rs. 3.60
    Correct
    Wrong
  • 3
    Rs. 3.25
    Correct
    Wrong
  • 4
    Rs. 3.30
    Correct
    Wrong
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Answer : 2. "Rs. 3.60"

Q:

A person has 12 bananas for Rs 24. Sell in So he got the benefit of 25 percent. How many bananas he buy in Rs. 40?

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  • 1
    30
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    40
    Correct
    Wrong
  • 4
    45
    Correct
    Wrong
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Answer : 2. "25"

Q:

If the cost price of 28 items is equal to the selling price of 21 items, what is the profit percentage?

1557 0

  • 1
    12 %
    Correct
    Wrong
  • 2
    $$ {33{1\over 3}}\%$$
    Correct
    Wrong
  • 3
    20 %
    Correct
    Wrong
  • 4
    22 %
    Correct
    Wrong
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Answer : 2. "$$ {33{1\over 3}}\%$$"

Q:

A shopkeeper gains 20 percent by giving a discount of 10 percent of the marked price of a toy. If he had given a discount of 20 percent, then what would be his profit percentage?

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  • 1
    $$ {6\ {2\over 3}}$$
    Correct
    Wrong
  • 2
    $$ {8\ {1\over 3}}$$
    Correct
    Wrong
  • 3
    10
    Correct
    Wrong
  • 4
    15
    Correct
    Wrong
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Answer : 1. "$$ {6\ {2\over 3}}$$"

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