Profit and Loss Questions Practice Question and Answer

Q:

If 3 toys are sold at the cost price of 4 toys of the same kind, the profit will be:

1782 0

  • 1
    25%
    Correct
    Wrong
  • 2
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
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Answer : 2. " "

Q:

The cost price of an article is 480. If it is to be sold at a profit of 6.25 %, how much would be its selling price? 

1775 0

  • 1
    Rs 510
    Correct
    Wrong
  • 2
    Rs 530
    Correct
    Wrong
  • 3
    Rs 503
    Correct
    Wrong
  • 4
    Rs 519
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 510"

Q:

By a selling basket for Rs. 19.50, a shopkeeper gains 30 %. For how much should he sell it to gain 40 %? 

1771 0

  • 1
    Rs.24
    Correct
    Wrong
  • 2
    Rs.23
    Correct
    Wrong
  • 3
    Rs.21
    Correct
    Wrong
  • 4
    Rs.21.50
    Correct
    Wrong
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Answer : 3. "Rs.21 "

Q:

Oranges are bought at 7 for Rs. 3. At what rate per hundred must they be sold to gain 33 % ? 

1767 0

  • 1
    Rs. 56
    Correct
    Wrong
  • 2
    Rs. 60
    Correct
    Wrong
  • 3
    Rs. 58
    Correct
    Wrong
  • 4
    Rs. 57
    Correct
    Wrong
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Answer : 4. "Rs. 57"

Q:

A merchant buys an article for Rs. 27 and sells it at a profit of 10 % of the selling price. The selling price of the article is: 

1741 0

  • 1
    Rs. 37
    Correct
    Wrong
  • 2
    Rs.32
    Correct
    Wrong
  • 3
    Rs. 29.70
    Correct
    Wrong
  • 4
    Rs. 30
    Correct
    Wrong
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Answer : 4. "Rs. 30 "
Explanation :

Q:

When Vijay sells 12 pens, he gains the selling price of pens. Calculate his % profit?

1726 0

  • 1
    15%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "20%"

Q:

Sujatha sold 75% of her goods at a profit of 24% and the remaining at a loss of 40%. What is her gain/loss percentage on the whole transaction?

1718 0

  • 1
    8% gain
    Correct
    Wrong
  • 2
    10% gain
    Correct
    Wrong
  • 3
    7.5 % loss
    Correct
    Wrong
  • 4
    9 % loss
    Correct
    Wrong
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Answer : 1. "8% gain"

Q:

Profit obtained on selling an article for Rs 540 is equal to the loss incurred on selling the article for Rs 370. if selling price is Rs. 910, Then what is the profit percentage? 

1713 0

  • 1
    50
    Correct
    Wrong
  • 2
    100
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 2. "100"

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