Profit & Loss Questions and Answers
Practice ModeShowing 10 of 101 questions
Q1
Cost of 3 cricket balls = cost of 2 pairs of leg pads
Cost of 3 pairs of leg pads=cost of 2 pairs of gloves.
Cost of 3 pairs of gloves = cost of 2 cricket bats.
If a cricket bat costs Rs. 54, What is the cost of a cricket ball ?
Answer: Option C
Q2
A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400 ?
Answer: Option A
Q3
When a commodity is sold for Rs 34.80, there is a loss of 25%. What is the cost price of the commodity ?
Answer: Option A
Q4
A man sold an article for Rs. 247.50, thereby gaining 25/2%. The cost of the article was :
Answer: Option C
Q5
A retailer buys a radio for Rs 225. His overhead expenses are Rs 15. He sells the radio for Rs 300. The profit percent of the retailer is :
Answer: Option B
Q6
A shopkeeper bought an article for Rs 319.60. Approximately, at what price should he sell the article to make 25% profit ?
Answer: Option A
Q7
There would be 10% loss if a toy is sold at Rs 10.80 per piece. At wht price should it be sold to earn a profit of 20% ?
Answer: Option C
Q8
By sellign an article for Rs 19.50, a deaer makes a profit of 30%. By how much should be increase his selling price so as to make a profit of 40% ?
Answer: Option A
Q9
Rahim buys mangoes at the rate of 3 kg for Rs 21 and sells them at 5 kg for Rs 50. To earn Rs 102 as profit, he must sell :
Answer: Option C
Q10
If books bought at prices ranging from Rs 200 to Rs 350 are sold at prices ranging from Rs 300 to Rs 425, what i the greatest possible profit that might be made in selling eight books ?
Answer: Option D