Profit and Loss Practice Question and Answer

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?

1327 0

  • 1
    1350
    Correct
    Wrong
  • 2
    1390
    Correct
    Wrong
  • 3
    1330
    Correct
    Wrong
  • 4
    1310
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 

1326 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:

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?

1326 0

  • 1
    16
    Correct
    Wrong
  • 2
    18
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    20
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 ________

1326 0

  • 1
    4% loss
    Correct
    Wrong
  • 2
    4% profit
    Correct
    Wrong
  • 3
    8% loss
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "None of these"

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?

1324 0

  • 1
    profit of Rs.10
    Correct
    Wrong
  • 2
    profit of Rs.90
    Correct
    Wrong
  • 3
    profit of Rs.90
    Correct
    Wrong
  • 4
    a loss of Rs 10
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 

1323 0

  • 1
    ₹ 12.30
    Correct
    Wrong
  • 2
    ₹ 13.50
    Correct
    Wrong
  • 3
    ₹ 13.20
    Correct
    Wrong
  • 4
    ₹ 16.50
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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%?

1321 0

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

Answer : 3. "414"

      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