Profit and Loss Practice Question and Answer
8 Q: By selling an article for ₹72, there is a loss of 10%. At what price it should be sell to gain 10% profit?
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639c9287c7eb1b240b5fcd1e- 1₹85false
- 2₹88true
- 3₹80false
- 4₹90false
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Answer : 2. "₹88"
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?
1449 05efd3996196e681f76ec5b0b
5efd3996196e681f76ec5b0b- 1Rs. 240false
- 2Rs. 250true
- 3Rs. 280false
- 4Rs. 260false
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Answer : 2. "Rs. 250 "
Q: If books bought at prices from ₹150 to ₹ 300 are sold at prices ranging from ₹ 250 to ₹350, what is the greatest possible profit that might be made in selling 15 books ?
1438 06246d5ad398e4a497b4421d3
6246d5ad398e4a497b4421d3- 1₹ 750false
- 2₹ 4,250false
- 3₹ 3,000true
- 4Cannot be determinedfalse
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Answer : 3. "₹ 3,000"
Explanation :

Q: If a trader finds out that his profit is equal to 20 percent of the selling price, then his actual profit is.
1433 060373ef89d90e74af72ad62e
60373ef89d90e74af72ad62e- 120 %false
- 222 %false
- 325 %true
- 430 %false
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Answer : 3. "25 %"
Q: An article is sold at a gain of 16%. If it had been sold for Rs.400 more, 20% would have been gained. The cost price of the article is
1425 060892370fd171c780883aa5e
60892370fd171c780883aa5e- 1Rs.8000false
- 2Rs.9000false
- 3Rs.10000true
- 4Rs.12000false
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Answer : 3. "Rs.10000"
Q: By selling a car for ₹ 64,000, Mr. Rao lost 20%. Then the cost price of the car is :
1423 06246cd85e6c50b4b29b7f705
6246cd85e6c50b4b29b7f705- 1₹ 80,000true
- 2₹ 84,000false
- 3₹ 72,000false
- 4₹ 76,800false
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Answer : 1. "₹ 80,000 "
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 -
1423 06024ebb0cce66f776c86b170
6024ebb0cce66f776c86b170- 1Rs.1250false
- 2Rs.840false
- 3Rs.750true
- 4Rs.850false
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Answer : 3. "Rs.750"
Q: If a seller bought an item for Rs. 900 and determined the mark price in such a way that after giving 10 percent discount, he would get a profit of 20 percent, what would be the mark price?
1418 05fb399bfcb95815ec70d6862
5fb399bfcb95815ec70d6862- 1Rs. 1180false
- 2Rs.1080false
- 3Rs. 1200true
- 4Rs. 1100false
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