Profit and Loss Practice Question and Answer
8 Q:Direction: A shopkeeper has some kg. rice of same price. He sold 150 kg. rice at 25 Rs. per kg. and earned a profit of 25%, another 180 kg. rice is sold at a profit of 20% and rest are sold at a loss of 10%. If the shopkeeper earns Rs. 1230 profit on all the rice that he has sold then answers the following question:
What is the total quantity of rice that the shopkeeper has?
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5eb1145b8870e50a27e0ebd0- 1400 kg.false
- 2450 kg.true
- 3500 kg.false
- 4480 kg.false
- 5None of thesefalse
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Answer : 2. "450 kg."
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:
1659 064f85038a910aab8f9ffdbf2
64f85038a910aab8f9ffdbf2- 1Rs. 522false
- 2Rs. 508false
- 3Rs. 527true
- 4Rs. 517false
- 5Rs. 817false
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Answer : 3. "Rs. 527"
Q: If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be
1655 05dcb89e2e9d33d6509bd9e1c
5dcb89e2e9d33d6509bd9e1c- 11 : 2false
- 22 : 1false
- 31 : 3true
- 43 : 1false
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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% ?
1654 06246d9ec398e4a497b442d20
6246d9ec398e4a497b442d20- 1Rs. 470false
- 2Rs. 562.50false
- 3Rs. 490false
- 4Rs. 675true
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Answer : 4. "Rs. 675 "
Explanation :

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 %?
1638 05efd37377228dd6b06e28497
5efd37377228dd6b06e28497- 1Rs. 3.50false
- 2Rs. 3.60true
- 3Rs. 3.25false
- 4Rs. 3.30false
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Answer : 2. "Rs. 3.60"
Q: If Manoj buys 324 toffees for Rs 486, then how many toffees should he sell for Rs 90 to make 50% profit?
1637 0632861564ada076be650f6c0
632861564ada076be650f6c0- 140true
- 255false
- 360false
- 445false
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Answer : 1. "40"
Q: A dishonest dealer marks up his goods by 50% and then gives a discount of 20% on the marked price. Apart from this, he uses a faulty balance which reads 1kg for 900 gm. What is his net profit percentage (rounded off to the nearest integer)?
1637 0649d86baab3c5fffc2eb6b91
649d86baab3c5fffc2eb6b91- 124false
- 227false
- 336false
- 433true
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Answer : 4. "33"
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:
1622 05efc76f2196e681f76eae97b
5efc76f2196e681f76eae97b- 1Rs . 120false
- 2Rs . 150false
- 3Rs . 100true
- 4Rs . 200false
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