Profit and Loss Questions Practice Question and Answer

Q:

The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x?

1375 0

  • 1
    15
    Correct
    Wrong
  • 2
    50
    Correct
    Wrong
  • 3
    30
    Correct
    Wrong
  • 4
    80
    Correct
    Wrong
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Answer : 2. "50"

Q:

Selling price of an article is of cost price. What is the profit percentage?

1372 0

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

Q:

By Selling 90 pens for Rs. 80 a man loses 20%. What should be the selling price (in Rs.) of 90 pens for 20% profit?

1371 0

  • 1
    90
    Correct
    Wrong
  • 2
    100
    Correct
    Wrong
  • 3
    110
    Correct
    Wrong
  • 4
    120
    Correct
    Wrong
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Answer : 4. "120"

Q:

A man sold 18 cots for Rs.16800, gaining there by the cost price of 3 cots. The cost price of a cot is 

1371 0

  • 1
    Rs.600
    Correct
    Wrong
  • 2
    Rs.800
    Correct
    Wrong
  • 3
    Rs.900
    Correct
    Wrong
  • 4
    Rs.1000
    Correct
    Wrong
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Answer : 2. "Rs.800 "

Q:

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

1370 0

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

Q:

Ratio of CP and SP is 12:13, then the profit percent is?

1368 0

  • 1
    8.33%
    Correct
    Wrong
  • 2
    12.5%
    Correct
    Wrong
  • 3
    7.82%
    Correct
    Wrong
  • 4
    9.4%
    Correct
    Wrong
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Answer : 1. "8.33%"

Q:

The cost price of item B is Rs. 150/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?

1350 1

  • 1
    Rs. 450/-
    Correct
    Wrong
  • 2
    Rs. 420/-
    Correct
    Wrong
  • 3
    Rs. 400/-
    Correct
    Wrong
  • 4
    Rs. 350/-
    Correct
    Wrong
  • 5
    Rs. 480/-
    Correct
    Wrong
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Answer : 1. "Rs. 450/-"

Q:

Vinayak bought an item and sold it at a loss of 5%. If he had bought it for 10% less and sold it for Rs.390 more, he would have had a profit of 20%, find the cost price of item.

1347 0

  • 1
    Rs. 3300
    Correct
    Wrong
  • 2
    Rs. 3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3000
    Correct
    Wrong
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Answer : 4. "Rs. 3000"

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