Questions & Answers: "Profit and Loss"

Complete guide to "Profit and Loss" for Math students. Below you will find important questions and model answers to help you prepare.

15 Questions

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Question 1

1 Mark

While selling an article, if Raghav increased its selling price by Rs. 384 he will have 5% profit instead of 3% loss. What should be the original price of the article?

Options

Option A

₹ 19200

Option B

₹ 12800

Option C

₹ 7680

Option D is correct

₹ 4800

Question 2

1 Mark

In a transaction, if the selling price is four times the loss, then what is the percentage loss to the seller?

Options

Option A is correct

20

Option B

25

Option C

12.5

Option D

1.25

Question 3

1 Mark

Spandan purchased two articles each for Rs. 3750 when 8% discount was declared. How many rupees should he pay to the seller for this purchase?

Options

Option A

7200

Option B

3450

Option C is correct

6900

Option D

8100

Question 4

1 Mark

If an article is sold for Rs. 150, certain loss is incurred. But if the article is sold for Rs. 275, the profit is one and half times the loss. Find the original price of the article.

Options

Option A

225

Option B

250

Option C

175

Option D is correct

200

Question 5

1 Mark

Mrs. Desai purchased 30 tables. Out of that she sold 25 tables and received the same amount which she had spent to purchase 30 tables. Find the percentage of profit or loss in this transaction.

Options

Option A

25% profit

Option B is correct

20% profit

Option C

20% loss

Option D

25% loss

Question 6

1 Mark

A shopkeeper sold two articles with marked price Rs. 1900 to A and B. He sold one article to A by giving discount of Rs. 171 and sold another article to B by giving discount of Rs. 152. How much was the difference between the percentage of discount given to A and B?

Options

Option A

0.5

Option B

19

Option C is correct

1

Option D

0.1

Question 7

1 Mark

A merchant purchased 25 dozen oranges at the rate of Rs. 25 per dozen. He sold all oranges at the rate of Rs. 32 per dozen. Then how much percentage of profit did he get?

Options

Option A

25

Option B

32

Option C is correct

28

Option D

7

Question 8

1 Mark

Ashok sold the necklace worth Rs. 15,00,000 at 20% profit. How much amount Ashok will get?

Options

Option A

Rs. 1,12,000

Option B is correct

Rs. 18,00,000

Option C

Rs. 17,00,000

Option D

Rs. 16,00,000

Question 9

1 Mark

A shopkeeper gives 12% discount on the printed price of a mobile. He sold a mobile for Rs. 26,400. What was its printed price?

Options

Option A is correct

Rs. 30,000

Option B

Rs. 32,000

Option C

Rs. 26,412

Option D

Rs. 3,000

Question 10

1 Mark

Rohit purchased a 3-year-old used machine from Mohit for Rs. 8,57,375. If the rate of depreciation is 5%, for how much did Mohit must have bought the machine?

Options

Option A is correct

Rs. 10,00,000

Option B

Rs. 12,00,000

Option C

Rs. 8,00,000

Option D

Rs. 9,00,000

Question 11

1 Mark

A fruit seller purchased 48 dozen bananas at the rate of Rs. 48 per dozen. 1 dozen bananas were spoiled. He sold the remaining bananas at Rs. 72 per dozen. How much profit or loss did he incur in this transaction?

Options

Option A

Rs. 1080 loss

Option B is correct

Rs. 1080 profit

Option C

Rs. 72 loss

Option D

Rs. 48 profit

Question 12

1 Mark

Sureshrao sold an article for Rs. 1962 and earned a profit of 9%. What was the cost price of that article?

Options

Option A

Rs. 1900

Option B

Rs. 1850

Option C

Rs. 1950

Option D is correct

Rs. 1800

Question 13

1 Mark

A farmer purchased a pump at Rs. 6600 after getting a discount of 12% on the printed price. What might be the printed price of the pump?

Options

Option A is correct

Rs. 7500

Option B

Rs. 6500

Option C

Rs. 5700

Option D

Rs. 8500

Question 14

1 Mark

Sunil bought a 3 year old machine from Anil at a price of Rs. 7,29,000. Its value decreases by 10 p.c.p.a. What was the price of the machine when Anil bought it?

Options

Option A

Rs. 9,00,000

Option B is correct

Rs. 10,00,000

Option C

Rs. 8,00,000

Option D

Rs. 12,00,000

Question 15

1 Mark

Vikas purchased a watch for Rs. 6540 and another one for Rs. 3460. Both the watches were sold for Rs. 10,900. What was the profit percent or loss percent in this transaction?

Options

Option A

8% profit

Option B

8% loss

Option C

9% loss

Option D is correct

9% profit