Profit and Loss Practice Question and Answer

Q:

Priya purchased two mixers for Rs.1500 and made a profit of 9% on one and loss of 6% on the other. But overall there is no profit or loss, then cost price of mixture are in the ratio?

2117 0

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

Q:

A man buys a machine for Rs.5,000. After one year, he sells it for Rs.6000. After two years, again he buys the same machine at Rs.8,000 and sells it for Rs.10,000. Find his overall profit percentage for both the transactions.

2100 0

  • 1
    20.23%
    Correct
    Wrong
  • 2
    23.08%
    Correct
    Wrong
  • 3
    18.75%
    Correct
    Wrong
  • 4
    15.23%
    Correct
    Wrong
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Answer : 2. "23.08% "

Q:

P purchase an item for Rs 1200 and sold it on a profit of 10%. If he sells it at Rs 1380 then calculate his increase in profit percentage. 

2097 0

  • 1
    5%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    12%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 1. "5% "

Q:

If A purchased 109 cars for Rs.2,64,89,071. How much does 1 car cost? 

2085 0

  • 1
    Rs.2,43,109
    Correct
    Wrong
  • 2
    Rs.2,39,140
    Correct
    Wrong
  • 3
    Rs.2,43,019
    Correct
    Wrong
  • 4
    Rs.2,43,190
    Correct
    Wrong
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Answer : 3. "Rs.2,43,019 "

Q:

Mohan purchased an article and sold it for Rs 2817.50 and earned 15% profit on the cost price. What was the cost price of the article?

2062 0

  • 1
    Rs 2500
    Correct
    Wrong
  • 2
    Rs 2450
    Correct
    Wrong
  • 3
    Rs 2550
    Correct
    Wrong
  • 4
    Rs 3315
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs 2450"

Q:

If the selling price of a shirt is reduced from 440 to ₹410, the loss increases by 4%. What is the cost price of the shirt?

2061 0

  • 1
    ₹650
    Correct
    Wrong
  • 2
    ₹750
    Correct
    Wrong
  • 3
    ₹450
    Correct
    Wrong
  • 4
    ₹500
    Correct
    Wrong
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Answer : 2. "₹750 "

Q:

The cost price of an article is Rs x. It is marked up by 200%. It is sold at Rs. 540 after giving 25% discount. What is the value of x (in Rs)? 

2058 1

  • 1
    300
    Correct
    Wrong
  • 2
    240
    Correct
    Wrong
  • 3
    360
    Correct
    Wrong
  • 4
    250
    Correct
    Wrong
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Answer : 2. "240 "

Q: A fruit seller buys lemons two for Rs 1 and sells at 5 for Rs 3 rate. Find his profit percent. 2034 0

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

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