Profit and Loss Practice Question and Answer

Q:

A used car dealer sells a car for Rs 7.6 lakhs and makes some loss. If he had sold if for Rs.9.2 lakhs his profit would been thrice of his loss. What was the cost price of the car (in Rs. Lakhs)? 

3200 0

  • 1
    8.5
    Correct
    Wrong
  • 2
    8.75
    Correct
    Wrong
  • 3
    8.25
    Correct
    Wrong
  • 4
    8
    Correct
    Wrong
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Answer : 4. "8"

Q: A shopkeeper earns a profit equal to the selling price of 11 meter by selling 22-meter cloth. Find the profit percent. 2999 1

  • 1
    50%
    Correct
    Wrong
  • 2
    52%
    Correct
    Wrong
  • 3
    45%
    Correct
    Wrong
  • 4
    55%
    Correct
    Wrong
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Answer : 1. "50%"

Q:

Sandeep buys an old scooter for Rs.4700 and spends Rs.800 on its repairs. If he sells to its Rajesh for Rs.5800, then his gain percent will be:

2964 0

  • 1
    $$ 5 {5\over11}%$$
    Correct
    Wrong
  • 2
    $$ 4 {4\over7}%$$
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 1. "$$ 5 {5\over11}%$$"

Q:

A man spends his 2 months income in 3 months and saves Rs 1500 in a year then Find his monthly income? 

2952 0

  • 1
    450
    Correct
    Wrong
  • 2
    425
    Correct
    Wrong
  • 3
    400
    Correct
    Wrong
  • 4
    375
    Correct
    Wrong
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Answer : 4. "375"

Q:

A person bought 8 quintals of rice for certain rupees. After a week, he sold 3 quintals of rice at 10% profit, 3 quintals of rice with neither profit nor loss and 2 quintals at 5% loss. In this transaction what is the profit? 

2927 0

  • 1
    3.5
    Correct
    Wrong
  • 2
    0.5
    Correct
    Wrong
  • 3
    1.5
    Correct
    Wrong
  • 4
    2.5
    Correct
    Wrong
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Answer : 4. "2.5"

Q:

If the profit on selling an article for Rs. 579 is the same as the loss on selling it for Rs. 337, then find the profit percent if its selling price is Rs. 687.

2925 0

  • 1
    245%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    27 ½ %
    Correct
    Wrong
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Answer : 3. "50%"

Q:

If the cost of pins reduces by Rs . 4 per dozen, 12 more pins can be purchased for Rs. 48. The cost of pins per dozen after reduction is: 

2885 0

  • 1
    Rs. 16
    Correct
    Wrong
  • 2
    Rs. 20
    Correct
    Wrong
  • 3
    Rs. 8
    Correct
    Wrong
  • 4
    Rs . 12
    Correct
    Wrong
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Answer : 4. "Rs . 12 "

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