Profit and Loss Practice Question and Answer

Q:

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

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  • 1
    8%
    Correct
    Wrong
  • 2
    16%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 3. "20% "
Explanation :

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 ? 

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  • 1
    ₹ 91,000
    Correct
    Wrong
  • 2
    ₹ 97,786
    Correct
    Wrong
  • 3
    ₹ 85,659
    Correct
    Wrong
  • 4
    ₹ 88,300
    Correct
    Wrong
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Answer : 1. "₹ 91,000 "
Explanation :

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?

1021 0

  • 1
    10% loss
    Correct
    Wrong
  • 2
    5% loss
    Correct
    Wrong
  • 3
    5% profit
    Correct
    Wrong
  • 4
    no profit no loss
    Correct
    Wrong
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Answer : 4. "no profit no loss"

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

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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:

Which one of the following costs more?

I. 200 packets of ₹ 250 each

II . 20 dozens of ₹ 250 each

1016 0

  • 1
    I
    Correct
    Wrong
  • 2
    II
    Correct
    Wrong
  • 3
    Both I and II are equal
    Correct
    Wrong
  • 4
    Cannot be calculated
    Correct
    Wrong
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Answer : 2. "II"

Q:

If the shopkeeper sold the mobile for Rs.15000 and then he gets some loss. If he sold the same mobile at Rs.19200 and then he gets profit is double of loss. Find the cost price of the mobile?

1012 0

  • 1
    Rs.16000
    Correct
    Wrong
  • 2
    Rs.18000
    Correct
    Wrong
  • 3
    Rs.17500
    Correct
    Wrong
  • 4
    Rs.15500
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 5. "None of these "

Q:

The ratio of the cost price and selling price of an article is 10 : 11. The gain per cent is:

1011 0

  • 1
    5%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 3. "10%"

Q:

A pen passing through two hands is finally sold at a profit of 44% of the original cost price. If the first dealer makes a profit of 20%, then the profit made by the second dealer is:

1011 0

  • 1
    24%
    Correct
    Wrong
  • 2
    36%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    27%
    Correct
    Wrong
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Answer : 3. "20%"

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