Profit and Loss Questions Practice Question and Answer

Q:

A tradesman marks his goods at 20 % above the cost price. He allows his customers a discount of 8% on marked price. Find out his profit percent.

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  • 1
    12 %
    Correct
    Wrong
  • 2
    10.4 %
    Correct
    Wrong
  • 3
    16 %
    Correct
    Wrong
  • 4
    20 %
    Correct
    Wrong
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Answer : 2. "10.4 %"

Q:

A shopkeeper sold his goods at half the list price and thus lost 20 %. If he had sold on the listed price, his gain percentage would be 

1638 0

  • 1
    20%
    Correct
    Wrong
  • 2
    60%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    72%
    Correct
    Wrong
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Answer : 2. "60% "

Q:

A trader sells two items at the rate of Rs 400 each. If he gains 15% on one and losses 15% on other, then what is the value (in Rs) of loss?

1637 0

  • 1
    24.36
    Correct
    Wrong
  • 2
    22.14
    Correct
    Wrong
  • 3
    20.25
    Correct
    Wrong
  • 4
    18.41
    Correct
    Wrong
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Answer : 4. "18.41"

Q:

If Cost Price of 20 tables is equal to the Selling Price of 25 tables. Find the loss percentage.

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  • 1
    20%
    Correct
    Wrong
  • 2
    24%
    Correct
    Wrong
  • 3
    12%
    Correct
    Wrong
  • 4
    16%
    Correct
    Wrong
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Answer : 1. "20% "

Q:

If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__

1627 0

  • 1
    Rs. 1,200
    Correct
    Wrong
  • 2
    Rs. 1,000
    Correct
    Wrong
  • 3
    Rs. 960
    Correct
    Wrong
  • 4
    Rs. 900
    Correct
    Wrong
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Answer : 1. "Rs. 1,200"

Q:

A shopkeeper had 2000 kgs of rice. He sold a part of it at 11% profit and the rest at 17% profit, so that he made a total profit 15.2%. How much rice (in kgs) did he sell at 17% profit?

1624 0

  • 1
    600
    Correct
    Wrong
  • 2
    1400
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    1200
    Correct
    Wrong
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Answer : 2. "1400"

Q:

Last year Mr. A bought two paintings. This year he sold them for Rs. 20,000 each. On one, he made a 25 % profit and of the other he had a 25 % loss. Then his net profit or loss is 

1622 0

  • 1
    He earned more than Rs. 2000
    Correct
    Wrong
  • 2
    He earned less than Rs . 2000
    Correct
    Wrong
  • 3
    He lost more than Rs. 2000
    Correct
    Wrong
  • 4
    He lost more than Rs. 2000
    Correct
    Wrong
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Answer : 3. "He lost more than Rs. 2000 "

Q:

From 2008 to 2009, the sales of a book decreased by 80%. If the sales in 2010 were the same as in 2008, by what percent did it increase from 2009 to 2010?

1622 0

  • 1
    120%
    Correct
    Wrong
  • 2
    400%
    Correct
    Wrong
  • 3
    80%
    Correct
    Wrong
  • 4
    100%
    Correct
    Wrong
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Answer : 2. "400%"

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