Profit and Loss Practice Question and Answer

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:

1147 0

  • 1
    Rs.956
    Correct
    Wrong
  • 2
    Rs.877.50
    Correct
    Wrong
  • 3
    Rs.787.50
    Correct
    Wrong
  • 4
    Rs.900
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    35%
    Correct
    Wrong
  • 2
    $$28{3\over8}\%$$
    Correct
    Wrong
  • 3
    $$36{5\over9}\%$$
    Correct
    Wrong
  • 4
    $$30{20\over21}\%$$
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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%?

1144 0

  • 1
    146
    Correct
    Wrong
  • 2
    172
    Correct
    Wrong
  • 3
    414
    Correct
    Wrong
  • 4
    516
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    Rs . 16,000
    Correct
    Wrong
  • 2
    Rs . 16,500
    Correct
    Wrong
  • 3
    Rs . 15,000
    Correct
    Wrong
  • 4
    Rs . 15,500
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 

1141 0

  • 1
    50%
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    40%
    Correct
    Wrong
  • 4
    22%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    4 % profit
    Correct
    Wrong
  • 2
    $$ {4 {1\over 6}}{ \%}$$ loss
    Correct
    Wrong
  • 3
    $$ {4 {1\over 6}}{ \%}$$ profit
    Correct
    Wrong
  • 4
    4 % loss
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 0

  • 1
    20 %
    Correct
    Wrong
  • 2
    22 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    30 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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?

1130 0

  • 1
    7250
    Correct
    Wrong
  • 2
    7266
    Correct
    Wrong
  • 3
    7217
    Correct
    Wrong
  • 4
    7243
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "7250"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully