Profit and Loss Questions Practice Question and Answer

Q:

Raghu sold an article for Rs. 180 after allowing a 20% discount on its marked price. Had he not allowed any discount, he would have gained 20%. What is the cost price of the article?

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  • 1
    187.50
    Correct
    Wrong
  • 2
    192.80
    Correct
    Wrong
  • 3
    188.60
    Correct
    Wrong
  • 4
    190.40
    Correct
    Wrong
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Answer : 1. "187.50"

Q:

While selling an article for Rs 18450, a person suffered a loss of 50%. At what price he should have sold the article (in Rs) to earn a profit of 50%?

1451 0

  • 1
    13837
    Correct
    Wrong
  • 2
    52000
    Correct
    Wrong
  • 3
    56775
    Correct
    Wrong
  • 4
    55350
    Correct
    Wrong
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Answer : 4. "55350"

Q:

A trader purchased a gift box for Rs. 150. What should be the marked price on the gift box so that after allowing a discount of 10 %, he makes a profit of 10 %? 

1443 0

  • 1
    Rs . 180
    Correct
    Wrong
  • 2
    Rs . 183.3
    Correct
    Wrong
  • 3
    Rs . 186.6
    Correct
    Wrong
  • 4
    Rs . 190
    Correct
    Wrong
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Answer : 2. "Rs . 183.3 "

Q:

What would be the printed price of a wallclock purchased at ₹380, so that after giving 5 % discount, there is 25 % profit? 

1433 0

  • 1
    ₹ 500
    Correct
    Wrong
  • 2
    ₹ 600
    Correct
    Wrong
  • 3
    ₹ 400
    Correct
    Wrong
  • 4
    ₹ 450
    Correct
    Wrong
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Answer : 1. "₹ 500 "

Q:

A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles . What % profit did he make in the transaction?

1426 0

  • 1
    300%
    Correct
    Wrong
  • 2
    150%
    Correct
    Wrong
  • 3
    33.33%
    Correct
    Wrong
  • 4
    75%
    Correct
    Wrong
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Answer : 1. "300% "

Q:

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

1424 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:

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

1423 0

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

Q:

A merchant has 1000 kg sugar, some part of which he sells at 8 % profit and the rest at 18 % profit. He gains 14 % on the whole. The quantity sold at 8 % profit is: 

1417 0

  • 1
    400 kg
    Correct
    Wrong
  • 2
    560 kg
    Correct
    Wrong
  • 3
    600 kg
    Correct
    Wrong
  • 4
    640 kg
    Correct
    Wrong
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Answer : 1. "400 kg"

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