Profit and Loss Practice Question and Answer

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?

1321 0

  • 1
    18
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    15
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "18"

Q:

A salesman expects a gain of 13% on his cost price. If in a month his sale was ₹ 7,91,000, what was his profit ? 

1318 0

  • 1
    ₹ 91,000
    Correct
    Wrong
  • 2
    ₹ 97,786
    Correct
    Wrong
  • 3
    ₹ 85,659
    Correct
    Wrong
  • 4
    ₹ 88,300
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "₹ 91,000 "
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:

1308 0

  • 1
    ₹700
    Correct
    Wrong
  • 2
    ₹680
    Correct
    Wrong
  • 3
    ₹652
    Correct
    Wrong
  • 4
    ₹702
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹702"

Q:

A dishonest dealer professes to sell his goods at cost price but uses a false weight and thus gains 15%. For a kilogram, he uses a weight of _________ (rounded off to one digit after decimal).

1308 0

  • 1
    833.3 gm
    Correct
    Wrong
  • 2
    876.7 gm
    Correct
    Wrong
  • 3
    869.6 gm
    Correct
    Wrong
  • 4
    898.33 gm
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "869.6 gm"

Q:

A man bought an old typewriter for ₹1200 and spent ₹200 on its repair. He sold it for ₹1680. His profit percent is :

1299 0

  • 1
    8%
    Correct
    Wrong
  • 2
    16%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "20% "
Explanation :

Q:

A merchant marked the price of an article by incresing its pro- duction cost by 40% .Now he al- lows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is 

1292 0

  • 1
    Rs. 320
    Correct
    Wrong
  • 2
    Rs. 360
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs 440
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 400 "

Q:

A fan is listed at ₹ 150 and a discount of 20% is given. Then the selling price is

1281 0

  • 1
    ₹ 120
    Correct
    Wrong
  • 2
    ₹ 110
    Correct
    Wrong
  • 3
    ₹ 180
    Correct
    Wrong
  • 4
    ₹ 150
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "₹ 120 "
Explanation :

Q:

Remi earns a profit of 20% on selling an article at a certain price. If she sells the articles for ₹8 more, she will gain 30%. What is the original cost price of 16 such articles?

1267 0

  • 1
    ₹1,152
    Correct
    Wrong
  • 2
    ₹1,120
    Correct
    Wrong
  • 3
    ₹1,280
    Correct
    Wrong
  • 4
    ₹1,200
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹1,280"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully