Profit and Loss Practice Question and Answer
8 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: 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?
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63d29831307947462bedecb1- 116false
- 218true
- 315false
- 420false
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Answer : 2. "18 "
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 ________
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6095241a5deaac0c4620f8e6- 14% lossfalse
- 24% profitfalse
- 38% lossfalse
- 4None of thesetrue
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Answer : 4. "None of these"
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 earns 10% profit instead of 10% loss on the rest rice then find the difference between the old and new profit.
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5eb11506566500732ed068ed- 1Rs.450false
- 2Rs.400false
- 3Rs.480true
- 4Rs. 420false
- 5None of thesefalse
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Answer : 3. "Rs.480 "
Q: A radio is sold for Rs.900 at 10% profit. If it had been sold for Rs 890, what would have been the actual profit or loss?
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63285bcca323937dac07886c- 1profit of Rs.10false
- 2profit of Rs.90false
- 3profit of Rs.90false
- 4a loss of Rs 10true
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Answer : 4. "a loss of Rs 10"
Q: A merchant loses 10% by selling an article. If the cost price of the article is ₹ 15, then the selling price of the article is
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6246d6e89809e154c70525c2- 1₹ 12.30false
- 2₹ 13.50true
- 3₹ 13.20false
- 4₹ 16.50false
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Answer : 2. "₹ 13.50"
Explanation :

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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