Profit and Loss Questions Practice Question and Answer

Q:

An item costing Rs. 840 was sold by a shopkeeper at a gain of 10 % and it was again sold by the new buyer at a loss of 5 %. Find selling price of the item is: 

1142 0

  • 1
    Rs. 924
    Correct
    Wrong
  • 2
    Rs. 37.80
    Correct
    Wrong
  • 3
    Rs. 877.80
    Correct
    Wrong
  • 4
    Rs.798
    Correct
    Wrong
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Answer : 3. "Rs. 877.80 "

Q:

If the ratio of cost price and selling price is 5 : 4, then the loss percentage is-

1139 1

  • 1
    20 %
    Correct
    Wrong
  • 2
    25 %
    Correct
    Wrong
  • 3
    40 %
    Correct
    Wrong
  • 4
    50 %
    Correct
    Wrong
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Answer : 1. "20 % "

Q:

The difference between the selling prices of some articles if sold for Rs.12 per article instead of Rs.9 per article is Rs.150. If the sold price of these articles is Rs.250 then find the selling price of 21 articles if profit earned is 20%.

1137 0

  • 1
    Rs.130
    Correct
    Wrong
  • 2
    Rs. 126
    Correct
    Wrong
  • 3
    Rs. 136
    Correct
    Wrong
  • 4
    Rs. 125
    Correct
    Wrong
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Answer : 2. "Rs. 126"

Q:

The total cost of x pens and (x-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find x?

1132 0

  • 1
    16
    Correct
    Wrong
  • 2
    18
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    20
    Correct
    Wrong
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Answer : 2. "18 "

Q:

The value of a mobile phone depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 6561/-, its purchase price was.

1132 0

  • 1
    Rs. 8100
    Correct
    Wrong
  • 2
    Rs. 9000
    Correct
    Wrong
  • 3
    Rs. 9100
    Correct
    Wrong
  • 4
    Rs. 9729
    Correct
    Wrong
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Answer : 2. "Rs. 9000 "

Q:

A merchant loses 10% by selling an article. If the cost price of the article is ₹ 15, then the selling price of the article is 

1127 0

  • 1
    ₹ 12.30
    Correct
    Wrong
  • 2
    ₹ 13.50
    Correct
    Wrong
  • 3
    ₹ 13.20
    Correct
    Wrong
  • 4
    ₹ 16.50
    Correct
    Wrong
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Answer : 2. "₹ 13.50"
Explanation :

Q:

The cash difference between the selling price of an article at a profit of 8 % and 12 % is Rs 3. The ratio of two selling prices is:

1127 0

  • 1
    27 : 31
    Correct
    Wrong
  • 2
    27 : 28
    Correct
    Wrong
  • 3
    27 : 29
    Correct
    Wrong
  • 4
    29 : 31
    Correct
    Wrong
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Answer : 2. "27 : 28"

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?

1125 0

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

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