Profit and Loss Practice Question and Answer

Q:

A cloth merchant on selling 33 metres of cloth obtain a profit equal to the selling price of 11 metre of cloth the profit is

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  • 1
    40%
    Correct
    Wrong
  • 2
    22%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    11%
    Correct
    Wrong
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Answer : 3. "50%"

Q:

If the loss is 20%, by what fraction should the selling price be multiplied to get the cost price?

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  • 1
    4/5
    Correct
    Wrong
  • 2
    8/5
    Correct
    Wrong
  • 3
    5/4
    Correct
    Wrong
  • 4
    6/5
    Correct
    Wrong
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Answer : 3. "5/4"

Q:

A shopkeeper on selling 33 metres of cloth obtain a profit equal to the selling price of 11 metre of cloth the profit is

1358 0

  • 1
    40%
    Correct
    Wrong
  • 2
    22%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    11%
    Correct
    Wrong
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Answer : 3. "50%"

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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  • 1
    2 %
    Correct
    Wrong
  • 2
    3 %
    Correct
    Wrong
  • 3
    4 %
    Correct
    Wrong
  • 4
    5 %
    Correct
    Wrong
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Answer : 1. "2 %"

Q:

The marked price of an article is Rs.800. A retailer buys it for Rs.540 after getting two successive discounts. The first discount is 25 %. What is the second discount?

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  • 1
    8 %
    Correct
    Wrong
  • 2
    12 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 3. "10 %"

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

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  • 1
    20%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
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Answer : 3. "35%"

Q:

An umbrella is marked for ₹150 and sold for ₹138. The rate of discount is:

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  • 1
    5%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    9%
    Correct
    Wrong
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Answer : 2. "8%"

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: 

1352 0

  • 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 "

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