Profit and Loss Practice Question and Answer

Q:

An item costing Rs. 840 was sold by a shopkeeper at a gain of 10 % and it was again sold by the new buyer at a loss of 5 %. Find selling price of the item is: 

1504 0

  • 1
    Rs. 924
    Correct
    Wrong
  • 2
    Rs. 37.80
    Correct
    Wrong
  • 3
    Rs. 877.80
    Correct
    Wrong
  • 4
    Rs.798
    Correct
    Wrong
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Answer : 3. "Rs. 877.80 "

Q:

If a shopkeeper increases the selling price of an article by 10% and gets a profit of 37.5% on its cost price. If he increases the selling price by 25% above on old selling price then he gets a profit of ₹ 225 on his cost price. Find the cost price of the article?

1503 0

  • 1
    ₹ 365
    Correct
    Wrong
  • 2
    ₹ 320
    Correct
    Wrong
  • 3
    ₹ 420
    Correct
    Wrong
  • 4
    ₹ 400
    Correct
    Wrong
  • 5
    ₹ 510
    Correct
    Wrong
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Answer : 4. "₹ 400"

Q:

Cost price of 25 chairs equals the selling price of 20 chairs. Find the profit %.

1491 0

  • 1
    20%
    Correct
    Wrong
  • 2
    33%
    Correct
    Wrong
  • 3
    25%
    Correct
    Wrong
  • 4
    12.5%
    Correct
    Wrong
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Answer : 3. "25%"

Q:

A book seller sells a book at a profit of 10 %. If he had bought it at 4 % less and sold it for Rs. 6 more. he would have gained $$18{3\over4}\%$$. The cost price of the book is 

1491 0

  • 1
    Rs . 150
    Correct
    Wrong
  • 2
    Rs . 160
    Correct
    Wrong
  • 3
    Rs. 130
    Correct
    Wrong
  • 4
    Rs. 140
    Correct
    Wrong
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Answer : 1. "Rs . 150 "

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 ________

1490 0

  • 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 dealer sold an article at a loss of 2%. Had he sold it for ₹44 more, he would have gained 20%. Find the cost price of the article.

1488 0

  • 1
    ₹250
    Correct
    Wrong
  • 2
    ₹300
    Correct
    Wrong
  • 3
    ₹400
    Correct
    Wrong
  • 4
    ₹200
    Correct
    Wrong
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Answer : 4. "₹200"

Q:

A woman buys a watch for Rs. 4,000 and sells it at a loss of 13%. What is the selling price of the watch?

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  • 1
    Rs.3,480
    Correct
    Wrong
  • 2
    Rs.3,500
    Correct
    Wrong
  • 3
    Rs.3,840
    Correct
    Wrong
  • 4
    Rs.3,620
    Correct
    Wrong
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Answer : 1. "Rs.3,480"

Q:

An article is sold for Rs 4,777 after giving a discount of 15%. What is the marked price of the article?

1482 0

  • 1
    5495
    Correct
    Wrong
  • 2
    5420
    Correct
    Wrong
  • 3
    5620
    Correct
    Wrong
  • 4
    5348
    Correct
    Wrong
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Answer : 3. "5620"

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