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Profit and Loss - Questions and Answers

Practice questions on profit and loss.

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11. A man buys 10 articles for Rs. 8 and sells them at the rate of Rs. 1.25 per article. His gain is:
A. 20%
B. 50%
C. 19
D. 56
Explanation: ANSWER : 56
12. There would be 10% loss if a toy is sold at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%?
A. Rs. 12
B. Rs. 12.96
C. Rs. 14.40
D. Rs. None of these
Explanation: ANSWER : Rs. 14.40
13. A man sold a radio for Rs 1980 and gained 10%. The radio was bought for:
A. Rs.1782
B. Rs.1800
C. Rs. 1800
D. none of these
Explanation: ANSWER : none of these
14. If the cost price of 15 tables of equal to the selling price of 20 tables the loss per cent is:
A. 20%
B. 30%
C. 25%
D. 37.5%
Explanation: ANSWER : 25%
15. By selling 8 dozen of pencils, a shopkeeper gains the selling price of 1 dozen pencils. His gain per cent is:
A. 12.5%
B. 87.5%
C. 14
D. none of these
Explanation: ANSWER : 14