Profit and Loss Practice Question and Answer

Q:

Answer the following questions

Rama dealing in bedsheets allows 4% discount on the marked price. What price must be marked on a bedsheet that cost Rs. 480 so as to make a profit of 10%?

1080 0

  • 1
    Rs. 520
    Correct
    Wrong
  • 2
    Rs. 650
    Correct
    Wrong
  • 3
    Rs. 620
    Correct
    Wrong
  • 4
    Rs. 550
    Correct
    Wrong
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Answer : 4. "Rs. 550"

Q:

While selling a watch, a shop- keeper gives a discount of 5%. If he gives a discount of 7%, he earns ₹15 less as profit. The marked price of the watch is 

1076 0

  • 1
    ₹ 697.5
    Correct
    Wrong
  • 2
    ₹ 712.5
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "₹ 750 "

Q:

A shopkeeper charges his customers 15% above the cost price, if a customer has bought a sofa-set for 9039, then for how much did the shopkeeper buy it?

1047 0

  • 1
    Rs. 7880
    Correct
    Wrong
  • 2
    7660
    Correct
    Wrong
  • 3
    7860
    Correct
    Wrong
  • 4
    7680
    Correct
    Wrong
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Answer : 3. "7860 "

Q:

The item costing Rs. 840 was sold by A shopkeeper at a gain of 10% and it was again sold by the new buyer at the loss of 5%. find the selling price of the item is

1041 1

  • 1
    Rs. 877.80
    Correct
    Wrong
  • 2
    Rs. 798
    Correct
    Wrong
  • 3
    Rs. 924
    Correct
    Wrong
  • 4
    Rs. 37.80
    Correct
    Wrong
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Answer : 1. "Rs. 877.80"

Q:

A wateh dealer pays 10% customs duty on a watch which costs Rs. 500 abroad. He de- sires to make a profit of 20% after giving a discount of 25% to the buyer. The marked price should be

1010 0

  • 1
    Rs. 950
    Correct
    Wrong
  • 2
    Rs. 800
    Correct
    Wrong
  • 3
    Rs. 880
    Correct
    Wrong
  • 4
    Rs. 660
    Correct
    Wrong
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Answer : 3. "Rs. 880 "

Q:

4% of the selling price of an article is equal to 5% of its cost price. Again 20% of the selling price is Rs. 120 more than 22% of its cost price. The ratio of cost price & selling price is 

1004 0

  • 1
    2:3
    Correct
    Wrong
  • 2
    4:5
    Correct
    Wrong
  • 3
    3:2
    Correct
    Wrong
  • 4
    5:4
    Correct
    Wrong
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Answer : 2. "4:5"

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