Profit and Loss Practice Question and Answer
8 Q: A shopkeeper sold sarees at Rs. 266 each after giving 5 % discount on labelled price. Had he not given the discount, he would have earned a profit of 12 % on the cost price. What was the cost price of each saree?
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5efd3996196e681f76ec5b0b- 1Rs. 240false
- 2Rs. 250true
- 3Rs. 280false
- 4Rs. 260false
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Answer : 2. "Rs. 250 "
Q: Medha sells her bag for ₹ 300 and loses ₹ 60. At what price must she sell the article to gain 15%?
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608666a29229540f6fa156fc- 1146false
- 2172false
- 3414true
- 4516false
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Answer : 3. "414"
Q: A trader sold two items at the same price. One at 20% profit and another at 10% loss. The overall profit / loss percentage of the trader is ________
1239 06095241a5deaac0c4620f8e6
6095241a5deaac0c4620f8e6- 14% lossfalse
- 24% profitfalse
- 38% lossfalse
- 4None of thesetrue
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Answer : 4. "None of these"
Q: A manufacturer fixes his selling price at $$33{1\over3}\% $$ over the cost of production. If the cost of production goes up by 12 % and manufacturer raises his selling price by 10%, his percentage profit is
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5efd3ed4eb90be58c5918ce9- 135%false
- 2$$28{3\over8}\%$$false
- 3$$36{5\over9}\%$$false
- 4$$30{20\over21}\%$$true
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Answer : 4. "$$30{20\over21}\%$$"
Q: The total cost of x pens and (x-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find x?
1238 063d29831307947462bedecb1
63d29831307947462bedecb1- 116false
- 218true
- 315false
- 420false
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Answer : 2. "18 "
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:
1237 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: Vivek buys 3 shirts at an average price of Rs. 1250. If he buys 2 more shirts at an average price of Rs. 1450. What will be the average price (in Rs.) of all the 5 shirts he buys?
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5f2a7212cef453383f1e6111- 11350false
- 21390false
- 31330true
- 41310false
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Answer : 3. "1330"
Q: The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss is
1230 05ec5f5af980ff60a66c35afe
5ec5f5af980ff60a66c35afe- 120% gainfalse
- 225% gainfalse
- 333.33% lossfalse
- 440% losstrue
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