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
1262 06246d84d398e4a497b442ac1
6246d84d398e4a497b442ac1- 1Rs. 4false
- 2Rs. 6false
- 3Rs. 5true
- 4Rs. 7false
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Answer : 3. "Rs. 5 "
Explanation :

Q: The selling price of the product was equal to 50% of its cost price. Two gradual discounts were offered on the product. If the first discount was 20%, then what was the second discount?
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5f6d8a7df9079a64e3bf076b- 130 %false
- 237.5 %true
- 325 %false
- 433.33 %false
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Answer : 2. "37.5 %"
Q: A buys a water cooler at some price and sells it to B at 20% profit. B sells it to C at 10% profit. If C bought it for Rs 6666, then B's cost price is
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5f1e630e3b87486bfc534450- 15400false
- 26060true
- 35600false
- 46400false
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Answer : 2. "6060"
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:
If the shopkeeper sells his all rice at a profit of 20%, find the new profit.
1254 05eb115a15a48d373519b9580
5eb115a15a48d373519b9580- 1Rs. 1800true
- 2Rs. 2000false
- 3Rs. 1500false
- 4Rs. 1900false
- 5Rs. 2100false
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Answer : 1. "Rs. 1800 "
Q: There is 10% loss if an article is sold at Rs. 270. Then the cost price of the article is
1254 06246d8fca008a64dd39f1ce3
6246d8fca008a64dd39f1ce3- 1Rs 320true
- 2Rs. 250false
- 3Rs. 300false
- 4Rs. 270false
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Answer : 1. "Rs 320 "
Explanation :

Q: When an article is sold for Rs 366, there is a loss of 39%. To gain 41% it should be sold for Rs?
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602e38c1bb9bb966a304d6ff- 1626false
- 2426false
- 3846true
- 4354false
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Answer : 3. "846 "
Q: Mr. Kiran sold a bus for Rs.18,700 at a loss of 15 %. At what price should the bus be sold to get a profit of 15 %?
1249 0606c2fb86a85553684dde0c1
606c2fb86a85553684dde0c1- 1Rs.25,300true
- 2Rs. 25,523false
- 3Rs. 25,522false
- 4Rs. 25, 521false
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Answer : 1. "Rs.25,300"
Q: The cost price of 20 articles is the same as the selling price of x articles. If there is 25% gain, then the value of x
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608fc80c8ab6116292311554- 115false
- 216true
- 318false
- 425false
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