Profit and Loss Practice Question and Answer
8 Q: A Shopkeeper marks his goods 20 % above its cost price and gives 15 % discount on the marked price. Find the gain?
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60b71348cef13e72bbf96aef- 12 %true
- 23 %false
- 34 %false
- 45 %false
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Answer : 1. "2 %"
Q: By selling an article at 2/3 of the Marked price, there is a loss of 10%. The profit percent when the article is sold at the Marked prices
1108 062ff7b8ffef7996822ddfb52
62ff7b8ffef7996822ddfb52- 120%false
- 230%false
- 335%true
- 440%false
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Answer : 3. "35%"
Q: By selling an article for ₹72, there is a loss of 10%. At what price it should be sell to gain 10% profit?
1094 0639c9287c7eb1b240b5fcd1e
639c9287c7eb1b240b5fcd1e- 1₹85false
- 2₹88true
- 3₹80false
- 4₹90false
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Answer : 2. "₹88"
Q: Shivani purchased five pens for ₹600. She sells these five pens at the rate of ₹50 per pen. What is the approximate lo percentage that Shivani incurred on selling the five pens?
1087 06433cfa832185cce372c5000
6433cfa832185cce372c5000- 158.33%true
- 248.33%false
- 353.33%false
- 461.66%false
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Answer : 1. "58.33%"
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 ?
1084 06246d5ad398e4a497b4421d3
6246d5ad398e4a497b4421d3- 1₹ 750false
- 2₹ 4,250false
- 3₹ 3,000true
- 4Cannot be determinedfalse
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Answer : 3. "₹ 3,000"
Explanation :

Q: A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?
1080 06078156d63b9781494e3fd85
6078156d63b9781494e3fd85- 112%false
- 214%true
- 315%false
- 418%false
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Answer : 2. "14%"
Q: Shashi sells two articles for ₹5,000 each with no loss and no profit in the overall transaction. If one article is sold at $$16{2\over 3}\%$$loss, then the other is sold at a profit of:
1078 064bfb961a2d4dcaf044d563e
64bfb961a2d4dcaf044d563e- 125%true
- 224%false
- 316%false
- 418%false
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Answer : 1. "25%"
Q: When a shopkeeper sells an item for Rs 230, he loses 20 percent. If he sells the item for Rs. 339.5, what percentage of profit will he make?
1075 05f9be1b13dfc3659c697960e
5f9be1b13dfc3659c697960e- 118true
- 212false
- 320false
- 415false
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