Profit and Loss Questions Practice Question and Answer

Q:

By what fraction selling price ( S.P. ) must be multiplied to get the cost price ( C.P. ) if the loss is 20%? 

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

Q:

A shopkeeper by selling  13 Titan watches, earns a profit equal to the selling  price  of 3 Titan watches. His profit percentage is

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  • 1
    16 %
    Correct
    Wrong
  • 2
    23.0 %
    Correct
    Wrong
  • 3
    46 %
    Correct
    Wrong
  • 4
    30 %
    Correct
    Wrong
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Answer : 4. "30 % "

Q:

A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is: 

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    Correct
    Wrong
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    2
    Correct
    Wrong
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Answer : 1. " "

Q:

The selling price of the product was equal to 50% of its cost price. Two gradual discounts were offered on the product. If the first discount was 20%, then what was the second discount?

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  • 1
    30 %
    Correct
    Wrong
  • 2
    37.5 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    33.33 %
    Correct
    Wrong
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Answer : 2. "37.5 %"

Q:

A discount of 20% in the price of rice enables X to buy 5 kg more rice for ₹100. What is the reduced price of rice per kg?

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  • 1
    ₹4
    Correct
    Wrong
  • 2
    ₹2
    Correct
    Wrong
  • 3
    ₹1
    Correct
    Wrong
  • 4
    ₹3
    Correct
    Wrong
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Answer : 1. "₹4"

Q:

By selling 100 pencils, a shopkeeper gains the selling price of 20 pencils, His gain percent is:

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  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "25%"

Q:

A shopkeeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain , in percentage is:

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  • 1
    22
    Correct
    Wrong
  • 2
    21
    Correct
    Wrong
  • 3
    23
    Correct
    Wrong
  • 4
    24
    Correct
    Wrong
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Answer : 3. "23"

Q:

If apples are bought at the rate of 30 for a rupee. How many apples must be sold for a rupee to gain 20%?   

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  • 1
    20
    Correct
    Wrong
  • 2
    22
    Correct
    Wrong
  • 3
    28
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 4. "25 "

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