Profit and Loss Practice Question and Answer

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
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Answer : 3. "₹1,280"

Q:

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

1265 0

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

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?

1258 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:

Which one of the following costs more?

I. 200 packets of ₹ 250 each

II . 20 dozens of ₹ 250 each

1254 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:

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

1252 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:

There is a profit of 10% when an item is sold at $${{5\over6}}$$ of its actual selling price. What will be the profit percentage on the cost price when the item is sold at its actual selling price?

1240 0

  • 1
    28%
    Correct
    Wrong
  • 2
    32%
    Correct
    Wrong
  • 3
    26%
    Correct
    Wrong
  • 4
    30%
    Correct
    Wrong
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Answer : 2. "32%"

Q:

By selling 100 pencils, A shopkeeper gains the selling price of 20 pencils. His gain percentage is

1239 0

  • 1
    15
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    20
    Correct
    Wrong
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Answer : 3. "25 "

Q:

The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively. What is the profit percentage?

1217 0

  • 1
    25%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 3. "20%"

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