Profit and Loss Practice Question and Answer

Q:

The difference between the selling prices of a keyboard at losses 15% and 25% is Rs. 50. Then the cost price of a keyboard is :

1553 0

  • 1
    Rs. 240
    Correct
    Wrong
  • 2
    Rs. 330
    Correct
    Wrong
  • 3
    Rs. 300
    Correct
    Wrong
  • 4
    Rs. 500
    Correct
    Wrong
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Answer : 4. "Rs. 500"

Q:

If Manoj buys 324 toffees for Rs 486, then how many toffees should he sell for Rs 90 to make 50% profit?

1546 0

  • 1
    40
    Correct
    Wrong
  • 2
    55
    Correct
    Wrong
  • 3
    60
    Correct
    Wrong
  • 4
    45
    Correct
    Wrong
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Answer : 1. "40"

Q:

A shopkeeper bought 80 pens in Rs. 400. He sold 40 pens at 60% profit and sold the remaining pens at 20% profit. If he had sold all the pens at a 15% profit, how much less profit would he have made?

1543 0

  • 1
    Rs. 65
    Correct
    Wrong
  • 2
    Rs. 80
    Correct
    Wrong
  • 3
    Rs. 100
    Correct
    Wrong
  • 4
    Rs. 120
    Correct
    Wrong
  • 5
    Rs. 150
    Correct
    Wrong
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Answer : 3. "Rs. 100"

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)?

1542 0

  • 1
    24
    Correct
    Wrong
  • 2
    27
    Correct
    Wrong
  • 3
    36
    Correct
    Wrong
  • 4
    33
    Correct
    Wrong
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Answer : 4. "33"

Q:

A shopkeeper buys three products a, b, c and sells them at 20%, 30%, 40% profit, respectively. What is ratio of the selling price of these products, if the ratio of their cost prices is 4:3 :2?

1542 0

  • 1
    48 : 39 : 28
    Correct
    Wrong
  • 2
    34 : 54 : 12
    Correct
    Wrong
  • 3
    24 : 39 : 14
    Correct
    Wrong
  • 4
    56 : 26 : 21
    Correct
    Wrong
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Answer : 1. "48 : 39 : 28"

Q:

A watch is sold at a profit of 25%. Had it been sold for Rs.120 less then, there would have been a less then of 15%. What is the cost price in rupees?

1536 0

  • 1
    Rs.400
    Correct
    Wrong
  • 2
    Rs.350
    Correct
    Wrong
  • 3
    Rs.200
    Correct
    Wrong
  • 4
    Rs.300
    Correct
    Wrong
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Answer : 4. "Rs.300"

Q:

A mobile plan costs Rs. 32 for 6 minutes. What is the approximate cost, in rupees, for 4 minutes?

1534 0

  • 1
    21.30
    Correct
    Wrong
  • 2
    21.20
    Correct
    Wrong
  • 3
    21.50
    Correct
    Wrong
  • 4
    21.40
    Correct
    Wrong
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Answer : 1. "21.30"

Q:

By what fraction selling price ( S.P. ) must be multiplied to get the cost price ( C.P. ) if the loss is 20%? 

1529 0

  • 1
    $${5\over4}$$
    Correct
    Wrong
  • 2
    $${6\over5}$$
    Correct
    Wrong
  • 3
    $${4\over5}$$
    Correct
    Wrong
  • 4
    $${8\over5}$$
    Correct
    Wrong
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Answer : 1. " $${5\over4}$$"

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