Profit and Loss Practice Question and Answer
8 Q: A fruit merchant makes a profit of 25% by selling mangoes at a certain price. If he charges Re. 1 more on each mango, he would gain 50%. At first the price of one mango was
1513 06246d84d398e4a497b442ac1
6246d84d398e4a497b442ac1- 1Rs. 4false
- 2Rs. 6false
- 3Rs. 5true
- 4Rs. 7false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Rs. 5 "
Explanation :

Q: Krishnan bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned by Krishnan on the original price was
1508 06246ca90e6c50b4b29b7ed1d
6246ca90e6c50b4b29b7ed1d- 112%true
- 215%false
- 322%false
- 432%false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "12% "
Explanation :

Q: A wholesaler purchased 7 hair clips for a rupee. How many for a rupee must he sell to get profit of 40%?
1507 0606d807d5fcabf6daf300ba3
606d807d5fcabf6daf300ba3- 16false
- 25true
- 34false
- 43false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "5"
Q: A shopkeeper sells a watch set on discount of 8% of printed price and gain 25 %. If marked price was Rs. 20,000 then, what was the cost price?
1505 15f5af5d1dc518b408a4158e4
5f5af5d1dc518b408a4158e4- 1Rs. 13,800false
- 2Rs. 14,720true
- 3Rs. 14, 800false
- 4Rs. 13, 720false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Rs. 14,720"
Q: A man purchased a bedsheet for₹ 450 and sold it at a gain of 10% calculated on the selling price. The selling price of the bedsheet was
1497 06246cb1d9809e154c705035f
6246cb1d9809e154c705035f- 1₹ 480false
- 2₹500true
- 3₹ 460false
- 4₹ 475false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "₹500"
Explanation :

Q:Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.
What was amount of discount given?
1492 05df0b606004abe5c78f74f80
5df0b606004abe5c78f74f80An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.
- 1Rs 319.6false
- 2Rs 303.6false
- 3Rs 306.3false
- 4Rs 313.6true
- 5Rs 316.9false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Rs 313.6"
Q: Aparna changes the marked price of an item to 50% above its C.P. What % of discount allowed in approximately to gain 10%?
1491 0606d8013556643278a7a55a4
606d8013556643278a7a55a4- 127%true
- 225%false
- 335%false
- 437%false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "27%"
Q: A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is:
1489 05efc6ebeeb90be58c5901730
5efc6ebeeb90be58c5901730- 1$$1{1\over5}$$true
- 2$$2{1\over5}$$false
- 3$$2{1\over2}$$false
- 42false
- Show AnswerHide Answer
- Workspace
- SingleChoice

