Profit and Loss Questions Answers Online Quiz Test

• 1. A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

  1. 1%
  2. 2%
  3. 3%
  4. 4%

• 2. A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.
  

  1. 10%
  2. 20%
  3. 25%
  4. 28%

• 3. In terms of percentage profit, which among following the best transaction.

  1. C.P. 36, Profit 17
  2. C.P. 50, Profit 24
  3. C.P. 40, Profit 19
  4. C.P. 60, Profit 29

• 4. A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

  1. Rs.1200
  2. Rs.1230
  3. Rs.1260
  4. Rs.1290

• 5. A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?

  1. 2% Profit
  2. 3% Profit
  3. 2% Loss
  4. 3% Loss

• 6. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is

  1. \begin{aligned} \frac{6}{19}\% \end{aligned}
  2. \begin{aligned} \frac{6}{17}\% \end{aligned}
  3. \begin{aligned} 5\frac{5}{11}\% \end{aligned}
  4. \begin{aligned} 3\frac{5}{11}\% \end{aligned}

• 7. If the cost price is 25% of selling price. Then what is the profit percent.

  1. 150%
  2. 200%
  3. 300%
  4. 350%

• 8. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x

  1. 13
  2. 14
  3. 15
  4. 16

• 9. Akhil purchased 70kg vegetable at Rs. 420, then sold them at the rate of Rs. 6.50 per kg, find the profit percent.

  1. \begin{aligned} 8\frac{1}{3}\% \end{aligned}
  2. \begin{aligned} 7\frac{1}{3}\% \end{aligned}
  3. \begin{aligned} 6\frac{1}{3}\% \end{aligned}
  4. \begin{aligned} 5\frac{1}{3}\% \end{aligned}

• 10. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of 48 per dozen. The percentage of profit is

  1. \begin{aligned} 12\frac{2}{7} \% \end{aligned}
  2. \begin{aligned} 13\frac{2}{7} \% \end{aligned}
  3. \begin{aligned} 14\frac{2}{7} \%\end{aligned}
  4. \begin{aligned} 15\frac{2}{7} \% \end{aligned}

• 11. A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item

  1. Rs. 660
  2. Rs. 760
  3. Rs. 860
  4. Rs. 960

• 12. Sahil purchased a machine at Rs 10000, then got it repaired at Rs 5000, then gave its transportation charges Rs 1000. Then he sold it with 50% of profit. At what price he actually sold it.

  1. Rs. 22000
  2. Rs. 24000
  3. Rs. 26000
  4. Rs. 28000

• 13. A shopkeeper expects a gain of 45/2 % on his C.P. If his sale was Rs. 392, then find his profit.

  1. Rs. 70
  2. Rs. 72
  3. Rs. 74
  4. Rs. 76

• 14. A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.

  1. Rs 25300
  2. Rs 22300
  3. Rs 24300
  4. Rs 21300

• 15. A shopkeeper sells a transistor at Rs. 840 at a gain of 20% and another for Rs. 960 at the loss of 4%. Find his total gain percent.

  1. \begin{aligned} 5\frac{12}{17}\% \end{aligned}
  2. \begin{aligned} 5\frac{13}{17}\% \end{aligned}
  3. \begin{aligned} 5\frac{14}{17}\% \end{aligned}
  4. \begin{aligned} 5\frac{15}{17}\% \end{aligned}

• 16. A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be.
  

  1. 130%
  2. 140%
  3. 150%
  4. 160%

• 17. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?

  1. 12%
  2. 30%
  3. 50%
  4. 60%

• 18. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25% then determine the value of x.

  1. 14
  2. 15
  3. 16
  4. 17

• 19. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit

  1. 70%
  2. 80%
  3. 90%
  4. None of above

• 20. If the cost price of 12 items is equal to the selling price of 16 items, the loss percent is

  1. 20%
  2. 25%
  3. 30%
  4. 35%