Profit and Loss Questions Practice Question and Answer

Q:

A men sells his cycle at 6% profit. Had he sold it at 15% profit, he would have received 180 Rs. More. What is the cost price of the cycle?

925 0

  • 1
    Rs 1000
    Correct
    Wrong
  • 2
    Rs 1200
    Correct
    Wrong
  • 3
    Rs 1500
    Correct
    Wrong
  • 4
    Rs 2000
    Correct
    Wrong
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Answer : 4. "Rs 2000"

Q:

If a discount of 10% is allowed on the marked price of an article, a shopkeeper gets a profit of 25 %. If he offers a discount of 25% on the marked price of the same article, then his percentage profit/loss will be:

925 0

  • 1
    4 % profit
    Correct
    Wrong
  • 2
    loss
    Correct
    Wrong
  • 3
    profit
    Correct
    Wrong
  • 4
    4 % loss
    Correct
    Wrong
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Answer : 3. " profit"

Q:

A and B invested 1/2 and 1/3 of the total capital respectively, the remaining part C invested. If there is a profit of Rs. 9696 at the end of the year, then what is the profit of B?

924 0

  • 1
    4848
    Correct
    Wrong
  • 2
    3232
    Correct
    Wrong
  • 3
    1616
    Correct
    Wrong
  • 4
    2424
    Correct
    Wrong
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Answer : 2. "3232"

Q:

An article is sold at a gain of 16%. If it had been sold for Rs.400 more, 20% would have been gained. The cost price of the article is

919 0

  • 1
    Rs.8000
    Correct
    Wrong
  • 2
    Rs.9000
    Correct
    Wrong
  • 3
    Rs.10000
    Correct
    Wrong
  • 4
    Rs.12000
    Correct
    Wrong
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Answer : 3. "Rs.10000"

Q:

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

916 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:

Medha sells her bag for ₹ 300 and loses ₹ 60. At what price must she sell the article to gain 15%?

913 0

  • 1
    146
    Correct
    Wrong
  • 2
    172
    Correct
    Wrong
  • 3
    414
    Correct
    Wrong
  • 4
    516
    Correct
    Wrong
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Answer : 3. "414"

Q:

On selling 17 balls at Rs. 720 there is a loss equal to the cost price of 5 balls. The cost price of a ball is: 

913 0

  • 1
    Rs. 60
    Correct
    Wrong
  • 2
    Rs. 55
    Correct
    Wrong
  • 3
    Rs. 45
    Correct
    Wrong
  • 4
    Rs. 50
    Correct
    Wrong
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Answer : 1. "Rs. 60 "

Q:

A man sells an article at 5 % above its cost price. If he had bought it at 5 % less than what he had paid for it and sold it at Rs. 2 less, he would have gained 10 %. The cost price of the article is 

908 0

  • 1
    Rs. 400
    Correct
    Wrong
  • 2
    Rs. 100
    Correct
    Wrong
  • 3
    Rs. 200
    Correct
    Wrong
  • 4
    Rs. 300
    Correct
    Wrong
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Answer : 1. "Rs. 400"

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