Profit and Loss Questions Practice Question and Answer

Q:

A manufacturer fixes his selling price at $$33{1\over3}\% $$ over the cost of production. If the cost of production goes up by 12 % and manufacturer raises his selling price by 10%, his percentage profit is 

1076 0

  • 1
    35%
    Correct
    Wrong
  • 2
    $$28{3\over8}\%$$
    Correct
    Wrong
  • 3
    $$36{5\over9}\%$$
    Correct
    Wrong
  • 4
    $$30{20\over21}\%$$
    Correct
    Wrong
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Answer : 4. "$$30{20\over21}\%$$"

Q:

There is 10% loss if an article is sold at Rs. 270. Then the cost price of the article is

1073 0

  • 1
    Rs 320
    Correct
    Wrong
  • 2
    Rs. 250
    Correct
    Wrong
  • 3
    Rs. 300
    Correct
    Wrong
  • 4
    Rs. 270
    Correct
    Wrong
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Answer : 1. "Rs 320 "
Explanation :

Q:

Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?

1069 0

  • 1
    ₹ 2,000
    Correct
    Wrong
  • 2
    ₹ 2,450
    Correct
    Wrong
  • 3
    ₹ 1,900
    Correct
    Wrong
  • 4
    ₹ 2,200
    Correct
    Wrong
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Answer : 4. "₹ 2,200"

Q:

Two - third of a consignment was sold at a profit of 5% and the remaining at a loss of 2 %. If the total profit was Rs. 400. then the value of the consignment was

1066 0

  • 1
    Rs . 16,000
    Correct
    Wrong
  • 2
    Rs . 16,500
    Correct
    Wrong
  • 3
    Rs . 15,000
    Correct
    Wrong
  • 4
    Rs . 15,500
    Correct
    Wrong
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Answer : 3. "Rs . 15,000 "

Q:

Two things were sold at same sale-price. One thing got 10% profit and another suffered 10% loss. The difference of their purchase price will be in multiple of which number.Tell_____. 

1065 0

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

Q:

A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth , the profit is 

1062 0

  • 1
    50%
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    40%
    Correct
    Wrong
  • 4
    22%
    Correct
    Wrong
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Answer : 1. "50% "

Q:

When a mobile is sold at 6 percent profit, it gets Rs. 870 more than it is sold at 6 percent loss. So what is the purchase price of mobile?

1061 0

  • 1
    7250
    Correct
    Wrong
  • 2
    7266
    Correct
    Wrong
  • 3
    7217
    Correct
    Wrong
  • 4
    7243
    Correct
    Wrong
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Answer : 1. "7250"

Q:

If a trader finds out that his profit is equal to 20 percent of the selling price, then his actual profit is.

1050 0

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

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