Profit and Loss Questions Practice Question and Answer

Q:

There would be a 10 % loss. if rice is sold at ₹ 54 per kg. To earn a profit of 20 %, the price of rice per kg will be 

1065 0

  • 1
    ₹ 63
    Correct
    Wrong
  • 2
    ₹ 65
    Correct
    Wrong
  • 3
    ₹ 72
    Correct
    Wrong
  • 4
    ₹ 70
    Correct
    Wrong
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Answer : 3. "₹ 72 "

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 

1060 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"

Q:

Radhe buys two TVs at the same cost price, one of them is sold at $$11 {1\over 9}\% $$ profit and the other at   $$14{2\over 7}\% $$ profit, then the difference between their selling price is Rs $${200\over 7}$$. Find the cost price of the TV.

1047 0

  • 1
    रु 900
    Correct
    Wrong
  • 2
    रु 650
    Correct
    Wrong
  • 3
    रु 700
    Correct
    Wrong
  • 4
    रु 800
    Correct
    Wrong
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Answer : 3. "रु 700 "

Q:

A radio is sold for Rs.900 at 10% profit. If it had been sold for Rs 890, what would have been the actual profit or loss?

1043 0

  • 1
    profit of Rs.10
    Correct
    Wrong
  • 2
    profit of Rs.90
    Correct
    Wrong
  • 3
    profit of Rs.90
    Correct
    Wrong
  • 4
    a loss of Rs 10
    Correct
    Wrong
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Answer : 4. "a loss of Rs 10"

Q:

If a seller bought an item for Rs. 900 and determined the mark price in such a way that after giving 10 percent discount, he would get a profit of 20 percent, what would be the mark price?

1043 0

  • 1
    Rs. 1180
    Correct
    Wrong
  • 2
    Rs.1080
    Correct
    Wrong
  • 3
    Rs. 1200
    Correct
    Wrong
  • 4
    Rs. 1100
    Correct
    Wrong
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Answer : 3. "Rs. 1200 "

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?

1032 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:

While selling an article, a shopkeeper gives a discount of 5%. If he gives a discount of 7%, he earns Rs.15 less as profit. The marked price of the article is -

1030 0

  • 1
    Rs.1250
    Correct
    Wrong
  • 2
    Rs.840
    Correct
    Wrong
  • 3
    Rs.750
    Correct
    Wrong
  • 4
    Rs.850
    Correct
    Wrong
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Answer : 3. "Rs.750"

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?

1026 0

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

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