Profit and Loss Practice Question and Answer
8 Q: By selling 33 metres of cloth a person gain the cost price of 11 metres. find the gain%
1158 062ff77228921e519c148621b
62ff77228921e519c148621b- 1$$33{1\over3}\%$$true
- 2$$33{1\over2}\%$$false
- 333%false
- 4$$34{1\over3}\%$$false
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Answer : 1. "$$33{1\over3}\%$$ "
Explanation :

Q: An umbrella is marked for ₹150 and sold for ₹138. The rate of discount is:
1154 064ccdd8d9e9013486a978d04
64ccdd8d9e9013486a978d04- 15%false
- 28%true
- 36%false
- 49%false
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Answer : 2. "8%"
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
1148 062ff7762a6d1894ab156b2f5
62ff7762a6d1894ab156b2f5- 140%false
- 222%false
- 350%true
- 411%false
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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
1143 06246cf529809e154c7050fac
6246cf529809e154c7050fac- 1₹ 550false
- 2₹ 600true
- 3₹ 650false
- 4₹ 700false
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Answer : 2. "₹ 600"
Explanation :

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?
1135 05f9be1b13dfc3659c697960e
5f9be1b13dfc3659c697960e- 118true
- 212false
- 320false
- 415false
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Answer : 1. "18"
Q: A man bought three articles, each of which cost Rs 3000. He sold those articles at 10% profit, 5% profit and 15% loss respectively. What is the total profit/loss percentage earned by him?
1127 06321bb9964c0411bf18aa7a4
6321bb9964c0411bf18aa7a4- 110% lossfalse
- 25% lossfalse
- 35% profitfalse
- 4no profit no losstrue
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Answer : 4. "no profit no loss"
Q: By selling an article for Rs. 600 there is a profit of 20%. What is the cost price of the article?
1127 0632284373f5a4d2dcff467c8
632284373f5a4d2dcff467c8- 1600false
- 2457false
- 3244false
- 4500true
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Answer : 4. "500"
Q: A man bought an old typewriter for ₹1200 and spent ₹200 on its repair. He sold it for ₹1680. His profit percent is :
1117 06246c87be6c50b4b29b7d521
6246c87be6c50b4b29b7d521- 18%false
- 216%false
- 320%true
- 410%false
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Answer : 3. "20% "
Explanation :


