Profit and Loss Questions Practice Question and Answer

Q:

Arun bought an old computer and spent ₹110 on its repairs. He then sold it to Bhola at a profit of 20%. Bhola sold it to Chandan at a loss of 10%. Chandan finally sold it for ₹1,188 at a profit of 10%. How much did Arun buy the computer for?

1888 0

  • 1
    ₹890
    Correct
    Wrong
  • 2
    ₹640
    Correct
    Wrong
  • 3
    ₹750
    Correct
    Wrong
  • 4
    ₹1,050
    Correct
    Wrong
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Answer : 1. "₹890"

Q:

By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%? 

1885 0

  • 1
    Rs . 910
    Correct
    Wrong
  • 2
    Rs . 1200
    Correct
    Wrong
  • 3
    Rs . 1232
    Correct
    Wrong
  • 4
    Rs . 1300
    Correct
    Wrong
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Answer : 4. "Rs . 1300 "

Q:

A scooter was purchased for Rs 30,000 and Rs 3,000 was spent to repair it. It was sold for Rs 39,600. What was the profit percentage?

1885 0

  • 1
    15
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 2. "20"

Q:

A store sells a watch for a profit of 25% of the cost. Then the percentage of profit against selling price is-

1881 0

  • 1
    22%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    18%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 2. "20%"
Explanation :

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 

1879 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:

If a manufacturer gains 10 percent, wholesaler 15 percent and retailer 25 percent, then the production cost of an article, whose retail price is Rs. 1,265, is 

1875 0

  • 1
    Rs. 800
    Correct
    Wrong
  • 2
    Rs. 900
    Correct
    Wrong
  • 3
    Rs. 700
    Correct
    Wrong
  • 4
    Rs. 750
    Correct
    Wrong
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Answer : 1. "Rs. 800 "

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?

1860 0

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

Q:

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

1859 0

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

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