Profit and Loss Questions Practice Question and Answer

Q:

If Jhanavi borrowed Rs.1,25,000 at 8% compounded, what will be the amount to be paid back at the end of 2 years? 

1611 0

  • 1
    1,43,800
    Correct
    Wrong
  • 2
    2,00,000
    Correct
    Wrong
  • 3
    1,43,000
    Correct
    Wrong
  • 4
    1,35,800
    Correct
    Wrong
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Answer : 1. "1,43,800 "

Q:

A trade buys 800 kgs of tomatoes for Rs 7200.  10% tomatoes are damaged in transportation. At what rate (Rs / kg) should he sell the rest earn 30 % profit? 

1609 0

  • 1
    10
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    9
    Correct
    Wrong
  • 4
    13
    Correct
    Wrong
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Answer : 4. "13 "

Q:

By selling 66 metres cloth, a man loses S.P. of 11 metres. What is the loss percent?

1606 0

  • 1
    $$ {14{2\over 7}}{\%}$$
    Correct
    Wrong
  • 2
    $$ {28{2\over 7}}{\%}$$
    Correct
    Wrong
  • 3
    $$ {19{2\over 7}}{\%}$$
    Correct
    Wrong
  • 4
    $$ {17{2\over 7}}{\%}$$
    Correct
    Wrong
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Answer : 1. "$$ {14{2\over 7}}{\%}$$"

Q:

The cost price of a radio is Rs. 600. The 5% of the cost price is charged towards transportation. After adding that, If net profit to be made is 15%, then the selling price of the radio must be 

1600 1

  • 1
    Rs. 664.50
    Correct
    Wrong
  • 2
    Rs. 684.50
    Correct
    Wrong
  • 3
    Rs. 704.50
    Correct
    Wrong
  • 4
    Rs. 724.50
    Correct
    Wrong
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Answer : 4. "Rs. 724.50 "
Explanation :

Q:

The cost price of an article is ₹390. If it is to be sold at a profit of 3.12 %, how much would be its approximate selling price?

1598 0

  • 1
    410 ₹
    Correct
    Wrong
  • 2
    402 ₹
    Correct
    Wrong
  • 3
    417 ₹
    Correct
    Wrong
  • 4
    420 ₹
    Correct
    Wrong
  • 5
    442 ₹
    Correct
    Wrong
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Answer : 2. "402 ₹"

Q:

An article was sold for Rs.4000. Had a discount of 10% was being offered, the profit would have been 20%. The cost price of the article was:

1595 0

  • 1
    Rs.3000
    Correct
    Wrong
  • 2
    Rs.3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3310
    Correct
    Wrong
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Answer : 1. "Rs.3000"

Q:

A dealer buys a table listed at Rs 1,500 and gets successive discounts of 20% and 10%. He spends Rs. 20 on transportation and sells it at a profit of 20%. The selling price of the table is

1587 0

  • 1
    Rs.1320
    Correct
    Wrong
  • 2
    Rs.1350
    Correct
    Wrong
  • 3
    Rs.1360
    Correct
    Wrong
  • 4
    Rs.1380
    Correct
    Wrong
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Answer : 1. "Rs.1320 "
Explanation :

Q:

If a shopkeeper bought 70 kg of potatoes for Rs 420 and sold the entire purchase at the rate of 6.50 per kg, what was his profit percentage?

1582 0

  • 1
    $$ {8{1\over 3}\%}$$
    Correct
    Wrong
  • 2
    $$ {5{1\over 3}\%}$$
    Correct
    Wrong
  • 3
    $$ {8{2\over 3}\%}$$
    Correct
    Wrong
  • 4
    $$ {4{1\over 3}\%}$$
    Correct
    Wrong
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Answer : 1. "$$ {8{1\over 3}\%}$$"

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