Profit and Loss Questions Practice Question and Answer

Q:

A person bought some articles at the rate of 5 per rupee and the same number at the rate of 4 per rupee. He mixed both the types and sold at the rate of 9 for 2 rupees. In this business he suffered a loss of Rs. 3. The total number of articles bought by him was 

1769 0

  • 1
    540
    Correct
    Wrong
  • 2
    545
    Correct
    Wrong
  • 3
    1090
    Correct
    Wrong
  • 4
    1080
    Correct
    Wrong
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Answer : 4. "1080 "

Q:

What is the discount rate of a gift whose selling price is Rs. 420 after a reduction of Rs. 60 on its marked price ?

1769 0

  • 1
    10.5
    Correct
    Wrong
  • 2
    12.5
    Correct
    Wrong
  • 3
    14.5
    Correct
    Wrong
  • 4
    13.5
    Correct
    Wrong
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Answer : 2. "12.5"

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?

1762 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:

An article is sold at 5 % profit. The ratio of selling price and cost price will be 

1746 0

  • 1
    1 : 5
    Correct
    Wrong
  • 2
    20 : 21
    Correct
    Wrong
  • 3
    21 : 20
    Correct
    Wrong
  • 4
    5 : 1
    Correct
    Wrong
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Answer : 3. "21 : 20 "

Q:

The price of 6 pencils is Rs. 30 and that of 12 pens is Rs. 120. What is the average price of 50 pencils and 50 pens?

1745 0

  • 1
    Rs. 6.75
    Correct
    Wrong
  • 2
    Rs. 7.5
    Correct
    Wrong
  • 3
    Rs. 5
    Correct
    Wrong
  • 4
    Rs. 5.75
    Correct
    Wrong
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Answer : 2. "Rs. 7.5 "

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 

1739 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:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was the marked price of the article?

1735 0

  • 1
    Rs 6207
    Correct
    Wrong
  • 2
    Rs 6242
    Correct
    Wrong
  • 3
    Rs 6292
    Correct
    Wrong
  • 4
    Rs 6192
    Correct
    Wrong
  • 5
    Rs 6272
    Correct
    Wrong
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Answer : 5. "Rs 6272"

Q:

Kuldeep sells an article for ₹ 3240 and earns a profit of 20%. What is the cost price of the article?

1733 0

  • 1
    ₹ 2750
    Correct
    Wrong
  • 2
    ₹ 2700
    Correct
    Wrong
  • 3
    ₹ 2800
    Correct
    Wrong
  • 4
    ₹ 2820
    Correct
    Wrong
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Answer : 2. "₹ 2700"

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