Profit and Loss Practice Question and Answer

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? 

1250 0

  • 1
    Rs. 240
    Correct
    Wrong
  • 2
    Rs. 250
    Correct
    Wrong
  • 3
    Rs. 280
    Correct
    Wrong
  • 4
    Rs. 260
    Correct
    Wrong
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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%?

1240 0

  • 1
    146
    Correct
    Wrong
  • 2
    172
    Correct
    Wrong
  • 3
    414
    Correct
    Wrong
  • 4
    516
    Correct
    Wrong
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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 ________

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  • 1
    4% loss
    Correct
    Wrong
  • 2
    4% profit
    Correct
    Wrong
  • 3
    8% loss
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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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 

1238 0

  • 1
    35%
    Correct
    Wrong
  • 2
    $$28{3\over8}\%$$
    Correct
    Wrong
  • 3
    $$36{5\over9}\%$$
    Correct
    Wrong
  • 4
    $$30{20\over21}\%$$
    Correct
    Wrong
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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 0

  • 1
    16
    Correct
    Wrong
  • 2
    18
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    20
    Correct
    Wrong
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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 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
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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?

1232 0

  • 1
    1350
    Correct
    Wrong
  • 2
    1390
    Correct
    Wrong
  • 3
    1330
    Correct
    Wrong
  • 4
    1310
    Correct
    Wrong
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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 0

  • 1
    20% gain
    Correct
    Wrong
  • 2
    25% gain
    Correct
    Wrong
  • 3
    33.33% loss
    Correct
    Wrong
  • 4
    40% loss
    Correct
    Wrong
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Answer : 4. "40% loss "

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