Profit and Loss Practice Question and Answer

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:

By selling 33 metres of cloth a person gain the cost price of 11 metres. find the gain%

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  • 1
    $$33{1\over3}\%$$
    Correct
    Wrong
  • 2
    $$33{1\over2}\%$$
    Correct
    Wrong
  • 3
    33%
    Correct
    Wrong
  • 4
    $$34{1\over3}\%$$
    Correct
    Wrong
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Answer : 1. "$$33{1\over3}\%$$ "
Explanation :

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 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:

A merchant purchases a wrist watch for ₹ 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is

1039 0

  • 1
    ₹ 550
    Correct
    Wrong
  • 2
    ₹ 600
    Correct
    Wrong
  • 3
    ₹ 650
    Correct
    Wrong
  • 4
    ₹ 700
    Correct
    Wrong
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Answer : 2. "₹ 600"
Explanation :

Q:

An item when sold for ₹ 1,690 earned 30% profit on the cost price. Then the cost price is 

1038 0

  • 1
    ₹ 1,300
    Correct
    Wrong
  • 2
    ₹ 130
    Correct
    Wrong
  • 3
    ₹ 507
    Correct
    Wrong
  • 4
    ₹ 630
    Correct
    Wrong
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Answer : 1. "₹ 1,300 "
Explanation :

Q:

A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is ₹80 more than that of A, then D bought it for:

1038 0

  • 1
    ₹700
    Correct
    Wrong
  • 2
    ₹680
    Correct
    Wrong
  • 3
    ₹652
    Correct
    Wrong
  • 4
    ₹702
    Correct
    Wrong
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Answer : 4. "₹702"

Q:

By selling an article for Rs. 600 there is a profit of 20%. What is the cost price of the article?

1033 0

  • 1
    600
    Correct
    Wrong
  • 2
    457
    Correct
    Wrong
  • 3
    244
    Correct
    Wrong
  • 4
    500
    Correct
    Wrong
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Answer : 4. "500"

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