Profit and Loss Questions Practice Question and Answer

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

923 0

  • 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 of a new scooter is Rs 25000, at the end of each year its value becomes 80% of the starting price of that year, what will be the cost of the scooter after 3 years?

923 0

  • 1
    12000
    Correct
    Wrong
  • 2
    12800
    Correct
    Wrong
  • 3
    10000
    Correct
    Wrong
  • 4
    12500
    Correct
    Wrong
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Answer : 2. "12800"

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.

909 0

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

Q:

A woman buys a watch for Rs. 4,000 and sells it at a loss of 13%. What is the selling price of the watch?

898 0

  • 1
    Rs.3,480
    Correct
    Wrong
  • 2
    Rs.3,500
    Correct
    Wrong
  • 3
    Rs.3,840
    Correct
    Wrong
  • 4
    Rs.3,620
    Correct
    Wrong
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Answer : 1. "Rs.3,480"

Q:

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

893 0

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

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?

893 0

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

Q:

If books bought at prices from ₹150 to ₹ 300 are sold at prices ranging from ₹ 250 to  ₹350, what is the greatest possible profit that might be made in selling 15 books ?

891 0

  • 1
    ₹ 750
    Correct
    Wrong
  • 2
    ₹ 4,250
    Correct
    Wrong
  • 3
    ₹ 3,000
    Correct
    Wrong
  • 4
    Cannot be determined
    Correct
    Wrong
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Answer : 3. "₹ 3,000"
Explanation :

Q:

A cloth merchant on selling 33 metres of cloth obtain a profit equal to the selling price of 11 metre of cloth the profit is

886 0

  • 1
    40%
    Correct
    Wrong
  • 2
    22%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    11%
    Correct
    Wrong
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Answer : 3. "50%"

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