Profit and Loss Questions Practice Question and Answer

Q:

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

893 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:

If a shopkeeper increases the selling price of an article by 10% and gets a profit of 37.5% on its cost price. If he increases the selling price by 25% above on old selling price then he gets a profit of ₹ 225 on his cost price. Find the cost price of the article?

885 0

  • 1
    ₹ 365
    Correct
    Wrong
  • 2
    ₹ 320
    Correct
    Wrong
  • 3
    ₹ 420
    Correct
    Wrong
  • 4
    ₹ 400
    Correct
    Wrong
  • 5
    ₹ 510
    Correct
    Wrong
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Answer : 4. "₹ 400"

Q:

A cycle seller gives 10% discount on marked retail price and still earns 26% profit. If marked retail price of the cycle is Rs. 840/- Then how much money was paid by the seller for that cycle?

874 0

  • 1
    ₹ 600/-
    Correct
    Wrong
  • 2
    ₹ 650/-
    Correct
    Wrong
  • 3
    ₹ 700/-
    Correct
    Wrong
  • 4
    ₹ 750/-
    Correct
    Wrong
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Answer : 1. "₹ 600/-"

Q:

If Arun purchases 11 articles for Rs.10 and sold all the articles at the rate of 10 for Rs.11, the profit percentage will be.

874 0

  • 1
    21%
    Correct
    Wrong
  • 2
    100%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    11%
    Correct
    Wrong
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Answer : 1. "21% "

Q:

A man sold a watch at a loss of 5%. If he would have sold it for Rs. 27 more, he would have gained 7%. The cost price of the watch is -

874 0

  • 1
    Rs. 325
    Correct
    Wrong
  • 2
    Rs. 225
    Correct
    Wrong
  • 3
    Rs. 500
    Correct
    Wrong
  • 4
    Rs. 375
    Correct
    Wrong
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Answer : 2. "Rs. 225"

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?

869 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:

A trader sold two items at the same price. One at 20% profit and another at 10% loss. The overall profit / loss percentage of the trader is ________

868 0

  • 1
    4% loss
    Correct
    Wrong
  • 2
    4% profit
    Correct
    Wrong
  • 3
    8% loss
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"

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 

861 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"
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