Profit and Loss Practice Question and Answer
8 Q: A person bought two watches for Rs. 480. He sold one at a loss of 15% and the other at a profit of 19% and he found that each watch was sold at the same price. Find the cost price of the two watches.
5277 15f4f635b82a7582d892bd1e2
5f4f635b82a7582d892bd1e2- 1Rs. 280, Rs. 200true
- 2Rs. 250, Rs. 280false
- 3Rs. 380, Rs. 300false
- 4Rs. 350, Rs. 450false
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Answer : 1. "Rs. 280, Rs. 200"
Q: A person sells two objects in Rs 5000 each. He sells one for 20% profit and another for 20% loss. Find his total profit or loss percent in the whole transaction. 5177 05d13414c40daee3c552fcb44
5d13414c40daee3c552fcb44- 14 % profitfalse
- 24% Losstrue
- 320% Profitfalse
- 4No Profit and Lossfalse
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Answer : 2. "4% Loss"
Q: By selling a table for Rs. 350 instead of Rs. 400, loss percent increases by 5%. The cost price of table is :
5104 05e63457fa25556773e58dc0f
5e63457fa25556773e58dc0f- 1Rs. 1, 050false
- 2Rs. 417.50false
- 3Rs. 435false
- 4Rs. 1,000true
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Answer : 4. "Rs. 1,000"
Q: Mohan, a shopkeeper, bought a shirt of list price ₹225 at a discount of 20%. If he wants a profit of 30% then he should sell the shirt for:
5093 05de74a24a2451c6057501946
5de74a24a2451c6057501946- 1₹230false
- 2₹234true
- 3₹256false
- 4₹286false
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Answer : 2. "₹234"
Explanation :
Mohan CP =225*20/100=45
so that CP =225-45=180
Selling price when he wants 30% profit=180*130/100=234
Q: On selling oranges 5 for Rs.1. One gets 20% profit. How many orange were purchased for Rs.1. 4487 05d1338f2d2441c3c5ff90a35
5d1338f2d2441c3c5ff90a35- 13false
- 27false
- 34false
- 46true
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Answer : 4. "6"
Q: A shopkeeper sells a certain object in Rs 2520 after giving two consecutive discounts of 10% and 30 %. Find the marked price of the object. 4365 05d133b6940daee3c552fcb1f
5d133b6940daee3c552fcb1f- 1Rs 6000false
- 2Rs 4000true
- 3Rs 5450false
- 4Rs 6800false
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Answer : 2. "Rs 4000"
Q: A man sells a table at 12 % loss and a book at 19% profit then he earns Rs. 160 as profit. But if he sells the table at 12 % profit and the book at 16% loss then he bears a loss of Rs. 40. Find the price of one book?
4358 05f5af7384d383e58c6b6cf54
5f5af7384d383e58c6b6cf54- 1Rs. 4200false
- 2Rs. 4100false
- 3Rs. 4300false
- 4Rs. 4000true
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Answer : 4. "Rs. 4000"
Q: A watch sold for Rs.1440 at 10 % loss, at what price it should be sold so as to earn 15% profit. 4334 05d131eee925caa2d5bbbff39
5d131eee925caa2d5bbbff39- 11820false
- 21830false
- 31840true
- 41850false
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