Profit and Loss Questions Practice Question and Answer

Q:

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

1982 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:

By selling a pen for Rs 105 there is a loss of 30%. At what price (in Rs) the pen must be sold in order to gain 30%?

1978 0

  • 1
    215
    Correct
    Wrong
  • 2
    165
    Correct
    Wrong
  • 3
    195
    Correct
    Wrong
  • 4
    200
    Correct
    Wrong
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Answer : 3. "195"

Q:

There is 10 % loss if a watch is sold for Rs 1440/-. At What price it is to be sold to get 15 % profit. 

1971 0

  • 1
    Rs. 1840/-
    Correct
    Wrong
  • 2
    Rs. 1850/-
    Correct
    Wrong
  • 3
    Rs. 1800/-
    Correct
    Wrong
  • 4
    Rs. 1860/-
    Correct
    Wrong
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Answer : 1. "Rs. 1840/- "

Q:

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

1967 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:

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

1955 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:

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: 

1933 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:

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?

1930 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:

A wholesaler had 200 dozen of mangoes. He sold some of these mangoes at 20 % profit and the rest at 10 % profit, so that he made 13 % profit on selling all the mangoes. How many mangoes in dozens) did he sell at 20 % profit? 

1919 0

  • 1
    80
    Correct
    Wrong
  • 2
    120
    Correct
    Wrong
  • 3
    140
    Correct
    Wrong
  • 4
    60
    Correct
    Wrong
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Answer : 4. "60 "

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