Profit and Loss Practice Question and Answer

Q:

A shopkeeper wants to make a profit of 20% on an article after selling it, while he gives a cash discount of 20%. Further allows 4 more articles for free after purchase of one dozen articles to his premium customer. How much per cent above the cost price he must mark his article?

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  • 1
    85%
    Correct
    Wrong
  • 2
    90%
    Correct
    Wrong
  • 3
    110%
    Correct
    Wrong
  • 4
    80%
    Correct
    Wrong
  • 5
    100%
    Correct
    Wrong
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Answer : 5. "100%"

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?

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  • 1
    7250
    Correct
    Wrong
  • 2
    7266
    Correct
    Wrong
  • 3
    7217
    Correct
    Wrong
  • 4
    7243
    Correct
    Wrong
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Answer : 1. "7250"

Q:

On selling 17 balls at Rs. 720 there is a loss equal to the cost price of 5 balls. The cost price of a ball is: 

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  • 1
    Rs. 60
    Correct
    Wrong
  • 2
    Rs. 55
    Correct
    Wrong
  • 3
    Rs. 45
    Correct
    Wrong
  • 4
    Rs. 50
    Correct
    Wrong
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Answer : 1. "Rs. 60 "

Q:

There would be a 10 % loss. if rice is sold at ₹ 54 per kg. To earn a profit of 20 %, the price of rice per kg will be 

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  • 1
    ₹ 63
    Correct
    Wrong
  • 2
    ₹ 65
    Correct
    Wrong
  • 3
    ₹ 72
    Correct
    Wrong
  • 4
    ₹ 70
    Correct
    Wrong
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Answer : 3. "₹ 72 "

Q:

A man sold a watch at a loss of 5%. If he would have sold it for Rs. 27 more, he would have gained 7%. The cost price of the watch is -

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  • 1
    Rs. 325
    Correct
    Wrong
  • 2
    Rs. 225
    Correct
    Wrong
  • 3
    Rs. 500
    Correct
    Wrong
  • 4
    Rs. 375
    Correct
    Wrong
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Answer : 2. "Rs. 225"

Q:

Nisha bought a number of oranges at 2 for a rupee and an equal number at 3 for a rupee. To make a profit of 20% she should sell a dozen for

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  • 1
    ₹ 10
    Correct
    Wrong
  • 2
    ₹ 12
    Correct
    Wrong
  • 3
    ₹ 6
    Correct
    Wrong
  • 4
    ₹ 8
    Correct
    Wrong
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Answer : 3. "₹ 6 "
Explanation :

Q:

While selling an article, a shopkeeper gives a discount of 5%. If he gives a discount of 7%, he earns Rs.15 less as profit. The marked price of the article is -

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  • 1
    Rs.1250
    Correct
    Wrong
  • 2
    Rs.840
    Correct
    Wrong
  • 3
    Rs.750
    Correct
    Wrong
  • 4
    Rs.850
    Correct
    Wrong
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Answer : 3. "Rs.750"

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"

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