Profit and Loss Questions Practice Question and Answer

Q:

A Shopkeeper marks his goods 20 % above its cost price and gives 15 % discount on the marked price. Find the gain?

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  • 1
    2 %
    Correct
    Wrong
  • 2
    3 %
    Correct
    Wrong
  • 3
    4 %
    Correct
    Wrong
  • 4
    5 %
    Correct
    Wrong
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Answer : 1. "2 %"

Q:

Nisha bought a number of oranges at 2 for a rupee and an equal number at 3 for a rupee. To make a profit of 20% she should sell a dozen for

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  • 1
    ₹ 10
    Correct
    Wrong
  • 2
    ₹ 12
    Correct
    Wrong
  • 3
    ₹ 6
    Correct
    Wrong
  • 4
    ₹ 8
    Correct
    Wrong
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Answer : 3. "₹ 6 "
Explanation :

Q:

The cost price of a radio is₹  600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be

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  • 1
    ₹ 704.50
    Correct
    Wrong
  • 2
    ₹ 724.50
    Correct
    Wrong
  • 3
    ₹ 664.50
    Correct
    Wrong
  • 4
    ₹ 684.50
    Correct
    Wrong
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Answer : 2. "₹ 724.50 "
Explanation :

Q:

A dealer sold an article at a loss of 2%. Had he sold it for ₹44 more, he would have gained 20%. Find the cost price of the article.

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  • 1
    ₹250
    Correct
    Wrong
  • 2
    ₹300
    Correct
    Wrong
  • 3
    ₹400
    Correct
    Wrong
  • 4
    ₹200
    Correct
    Wrong
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Answer : 4. "₹200"

Q:

By selling a car for ₹ 64,000, Mr. Rao lost 20%. Then the cost price of the car is :

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  • 1
    ₹ 80,000
    Correct
    Wrong
  • 2
    ₹ 84,000
    Correct
    Wrong
  • 3
    ₹ 72,000
    Correct
    Wrong
  • 4
    ₹ 76,800
    Correct
    Wrong
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Answer : 1. "₹ 80,000 "
Explanation :

Q:

When a shopkeeper sells an item for Rs 230, he loses 20 percent. If he sells the item for Rs. 339.5, what percentage of profit will he make?

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  • 1
    18
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    15
    Correct
    Wrong
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Answer : 1. "18"

Q:

By selling an article for ₹72, there is a loss of 10%. At what price it should be sell to gain 10% profit?

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  • 1
    ₹85
    Correct
    Wrong
  • 2
    ₹88
    Correct
    Wrong
  • 3
    ₹80
    Correct
    Wrong
  • 4
    ₹90
    Correct
    Wrong
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Answer : 2. "₹88"

Q:

A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?

1004 0

  • 1
    12%
    Correct
    Wrong
  • 2
    14%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "14%"

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