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Profit and loss Practice Questions & Answers

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 The profit obtained by selling an article for Rs. 56 is the same as the loss obtained by selling it for Rs. 42. What is the cost price of the article?

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 The profit obtained by selling an article for Rs. 56 is the same as the loss obtained by selling it for Rs. 42. What is the cost price of the article?

A). Rs. 39

B). Rs. 49

C). Rs. 59

D). Rs. 69

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 An electrician bought an old fan for Rs. 420 and spent 25% of it on repairing. If he wants to make a profit of Rs. 126, what percentage of the cost price should be added to it ?

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 An electrician bought an old fan for Rs. 420 and spent 25% of it on repairing. If he wants to make a profit of Rs. 126, what percentage of the cost price should be added to it ?

A). 35 %

B). 45 %

C). 55 %

D). 65 %

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 A shopkeeper bought an item at 10% discount on its original price. He sold it at 35% increase on the original price. What percentage profit did he get ?

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 A shopkeeper bought an item at 10% discount on its original price. He sold it at 35% increase on the original price. What percentage profit did he get ?

A). 30%

B). 40%

C). 50%

D). 60%

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 A shopkeeper sells bananas at the rate of one dozen for Rs 36. What is the percentage profit he makes ? I. He sold 10 dozens of bananas II. The cost of each banana is Rs 2.50.

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 A shopkeeper sells bananas at the rate of one dozen for Rs 36. What is the percentage profit he makes ? I. He sold 10 dozens of bananas II. The cost of each banana is Rs 2.50.

A). If the question can be answered using statement (I) alone but not statement (II) alone.

B). If the question can be answered using statement (II) alone but not statement (I) alone.

C). If the question can be answered using both the statements together, but cant be answered using either statement alone.

D). If the question can be answered using either statement alone.

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 A shopkeeper sold an item for Rs 600 after giving 20% discount on the labelled price and made 24% profit on the cost price. What would have been the percentage profit if he had not given the discount

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 A shopkeeper sold an item for Rs 600 after giving 20% discount on the labelled price and made 24% profit on the cost price. What would have been the percentage profit if he had not given the discount

A). 45 %

B). 55 %

C). 75 %

D). 95 %