Profit and Loss Questions Practice Question and Answer

Q:

By selling 25 m of cloth a man gains the selling price of 5 m of cloth. Find the gain percent?

1117 0

  • 1
    25 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    30 %
    Correct
    Wrong
  • 4
    22 %
    Correct
    Wrong
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Answer : 1. "25 %"

Q:

Cost price of 25 chairs equals the selling price of 20 chairs. Find the profit %.

1107 0

  • 1
    20%
    Correct
    Wrong
  • 2
    33%
    Correct
    Wrong
  • 3
    25%
    Correct
    Wrong
  • 4
    12.5%
    Correct
    Wrong
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Answer : 3. "25%"

Q:

Bananas are bought at 3 for Rs. 2 and sold at 5 for Rs. 4. Find the gain or loss percent.

1100 0

  • 1
    25%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    30%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 2. "20% "

Q:

A shopkeeper sold sarees at Rs. 266 each after giving 5 % discount on labelled price. Had he not given the discount, he would have earned a profit of 12 % on the cost price. What was the cost price of each saree? 

1098 0

  • 1
    Rs. 240
    Correct
    Wrong
  • 2
    Rs. 250
    Correct
    Wrong
  • 3
    Rs. 280
    Correct
    Wrong
  • 4
    Rs. 260
    Correct
    Wrong
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Answer : 2. "Rs. 250 "

Q:

The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss is 

1097 0

  • 1
    20% gain
    Correct
    Wrong
  • 2
    25% gain
    Correct
    Wrong
  • 3
    33.33% loss
    Correct
    Wrong
  • 4
    40% loss
    Correct
    Wrong
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Answer : 4. "40% loss "

Q:

Ram sold an article for Rs 380 at some profit. Had he sold it for Rs 300, then there would have been a loss equal to one-third at the initial point. What was the cost price of the article? 

1090 0

  • 1
    320
    Correct
    Wrong
  • 2
    350
    Correct
    Wrong
  • 3
    420
    Correct
    Wrong
  • 4
    450
    Correct
    Wrong
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Answer : 1. "320 "

Q:

The profit on selling an article for Rs.1,100 is equal to three times the amount of loss on selling it for Rs.700. To gain 12.5%, the article must be sold for:

1087 0

  • 1
    Rs.956
    Correct
    Wrong
  • 2
    Rs.877.50
    Correct
    Wrong
  • 3
    Rs.787.50
    Correct
    Wrong
  • 4
    Rs.900
    Correct
    Wrong
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Answer : 4. "Rs.900"

Q:

An article is sold for Rs 4,777 after giving a discount of 15%. What is the marked price of the article?

1087 0

  • 1
    5495
    Correct
    Wrong
  • 2
    5420
    Correct
    Wrong
  • 3
    5620
    Correct
    Wrong
  • 4
    5348
    Correct
    Wrong
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Answer : 3. "5620"

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