Profit and Loss Practice Question and Answer
8 Q: A seller gives 15% discount on an item, if he marked up the price of item 40% above C.P and while selling he cheats the buyer by giving 10% less in weight. Find this overall profit percent (approximately).
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62f3888809a97851b6327359- 132%true
- 269%false
- 345%false
- 489%false
- 597%false
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Answer : 1. "32%"
Q: On selling an article for Rs.240, a trader loss of 10%.In order to gain 10%, he must sell that article for -
1348 06024eaee835ee17373904d25
6024eaee835ee17373904d25- 1Rs.267.50false
- 2Rs.290.80false
- 3Rs.293.32true
- 4Rs.296.84false
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Answer : 3. "Rs.293.32"
Q: Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at ₹ 30 less, but still she gained 20%. The cost price of watch is
1339 06246d7b0398e4a497b442a72
6246d7b0398e4a497b442a72- 1₹ 250true
- 2₹ 225false
- 3₹ 240false
- 4₹ 220false
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Answer : 1. "₹ 250 "
Explanation :

Q: The profit on selling an article for Rs.1,100 is equal to three times the amount of loss on selling it for Rs.700. To gain 12.5%, the article must be sold for:
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6051c4bdd3e3d30b29d99cca- 1Rs.956false
- 2Rs.877.50false
- 3Rs.787.50false
- 4Rs.900true
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Answer : 4. "Rs.900"
Q: The price of jewelry , passing through three hands. rises on the whole by 65 %. If the first and the second sellers earned 20 % and 25 % profit respectively, the profit earned by the third seller is
1335 05efc6bffeb90be58c590074b
5efc6bffeb90be58c590074b- 110%true
- 25%false
- 320%false
- 415%false
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Answer : 1. "10% "
Q: A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth , the profit is
1330 05ef40c82d40ebf3f783309f0
5ef40c82d40ebf3f783309f0- 150%true
- 211%false
- 340%false
- 422%false
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Answer : 1. "50% "
Q: If a discount of 10% is allowed on the marked price of an article, a shopkeeper gets a profit of 25 %. If he offers a discount of 25% on the marked price of the same article, then his percentage profit/loss will be:
1326 060531866528a962d2e429ae1
60531866528a962d2e429ae1- 14 % profitfalse
- 2$$ {4 {1\over 6}}{ \%}$$ lossfalse
- 3$$ {4 {1\over 6}}{ \%}$$ profittrue
- 44 % lossfalse
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Answer : 3. "$$ {4 {1\over 6}}{ \%}$$ profit"
Q: Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?
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6426da015bff3d098d16cf64- 1₹ 2,000false
- 2₹ 2,450false
- 3₹ 1,900false
- 4₹ 2,200true
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