Profit and Loss Practice Question and Answer
8 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: 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
1145 05efd3ed4eb90be58c5918ce9
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: 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: Two - third of a consignment was sold at a profit of 5% and the remaining at a loss of 2 %. If the total profit was Rs. 400. then the value of the consignment was
1143 05efc7750eb90be58c5903259
5efc7750eb90be58c5903259- 1Rs . 16,000false
- 2Rs . 16,500false
- 3Rs . 15,000true
- 4Rs . 15,500false
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Answer : 3. "Rs . 15,000 "
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
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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:
1137 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: If a trader finds out that his profit is equal to 20 percent of the selling price, then his actual profit is.
1133 060373ef89d90e74af72ad62e
60373ef89d90e74af72ad62e- 120 %false
- 222 %false
- 325 %true
- 430 %false
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Answer : 3. "25 %"
Q: When a mobile is sold at 6 percent profit, it gets Rs. 870 more than it is sold at 6 percent loss. So what is the purchase price of mobile?
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5f97f2cef6ce7f2367fdf82c- 17250true
- 27266false
- 37217false
- 47243false
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