- 1. A table is bought for Rs.600/- and sold at Rs.700/- find gain or loss percentage
A.25% loss
B.30% gian
C.25% gian
D.30% loss
Answer & Explanation
Answer: Option C 
Formula = (Selling price ~ Cost price)/Cost price * 100
= (700 - 600)/400 = 25% gain
View Answer
- 2. A bat is bought for Rs.800 and sold at a gain of 20% find its selling price
A.Rs.920/-
B.Rs.950/-
C.Rs.860/-
D.Rs.960/-
Answer & Explanation
Answer: Option D
100 % ------> 800 (100 * 8 = 800)
120 % ------> 960 (120 * 8 = 960)
Selling price = Rs. 960/-
View Answer
- 3. A chair is bought for Rs.800/- and sold at Rs.720/- find the loss percentage
A.10% Loss
B.10% Gain
C.12% Loss
D.12% Gain
Answer & Explanation
Answer: Option A
Formula = (Selling price ~ Cost price)/Cost price * 100
= (720 ~ 800)/800 = 10% Loss
View Answer
- 4. A chair is bought for Rs. 800/- and sold at a loss of 10% find its selling price
A.Rs. 720/-
B.Rs. 600/-
C.Rs. 630/-
D.Rs. 820/-
Answer & Explanation
Answer: Option A
100 % ------> 800 (100 * 8 = 800)
90 % ------> 720 (90 * 8 = 720)
Selling price = Rs. 720/-
View Answer
- 5. By selling a watch for Rs. 980/-, a man loses 30% what is that watch cost price
A.Rs. 1200/-
B.Rs. 1300/-
C.Rs. 1400/-
D.None of these
Answer & Explanation
Answer: Option C
70 % ------> 980 (70 * 14 = 980)
100 % ------>1400 (100 * 14 = 1400)
Cost price = Rs. 1400/-
View Answer
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To whom this Profit and Loss Questions and Answers section is beneficial?
Students can learn and improve on their skillset for using Verbal Ability effectively and can also prepare for competitive examinations like...
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