Profit and Loss Questions Practice Question and Answer

Q:

A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is ₹80 more than that of A, then D bought it for:

722 0

  • 1
    ₹700
    Correct
    Wrong
  • 2
    ₹680
    Correct
    Wrong
  • 3
    ₹652
    Correct
    Wrong
  • 4
    ₹702
    Correct
    Wrong
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Answer : 4. "₹702"

Q:

An item when sold for ₹ 1,690 earned 30% profit on the cost price. Then the cost price is 

719 0

  • 1
    ₹ 1,300
    Correct
    Wrong
  • 2
    ₹ 130
    Correct
    Wrong
  • 3
    ₹ 507
    Correct
    Wrong
  • 4
    ₹ 630
    Correct
    Wrong
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Answer : 1. "₹ 1,300 "
Explanation :

Q:

Shopkeeper sold an article after allowing two successive discounts of 15% and 20% on it. If shopkeeper earned 2% profit on selling the article and total discount allowed by him is Rs. 192, then find cost price of the article?

719 0

  • 1
    Rs.500
    Correct
    Wrong
  • 2
    Rs.400
    Correct
    Wrong
  • 3
    Rs.300
    Correct
    Wrong
  • 4
    Rs.600
    Correct
    Wrong
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Answer : 2. "Rs.400"

Q:

Which one of the following costs more?

I. 200 packets of ₹ 250 each

II . 20 dozens of ₹ 250 each

718 0

  • 1
    I
    Correct
    Wrong
  • 2
    II
    Correct
    Wrong
  • 3
    Both I and II are equal
    Correct
    Wrong
  • 4
    Cannot be calculated
    Correct
    Wrong
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Answer : 2. "II"

Q:

A merchant marked the price of an article by incresing its pro- duction cost by 40% .Now he al- lows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is 

717 0

  • 1
    Rs. 320
    Correct
    Wrong
  • 2
    Rs. 360
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs 440
    Correct
    Wrong
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Answer : 3. "Rs. 400 "

Q:

A merchant purchases a wrist watch for ₹ 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is

712 0

  • 1
    ₹ 550
    Correct
    Wrong
  • 2
    ₹ 600
    Correct
    Wrong
  • 3
    ₹ 650
    Correct
    Wrong
  • 4
    ₹ 700
    Correct
    Wrong
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Answer : 2. "₹ 600"
Explanation :

Q:

A man bought three articles, each of which cost Rs 3000. He sold those articles at 10% profit, 5% profit and 15% loss respectively. What is the total profit/loss percentage earned by him?

711 0

  • 1
    10% loss
    Correct
    Wrong
  • 2
    5% loss
    Correct
    Wrong
  • 3
    5% profit
    Correct
    Wrong
  • 4
    no profit no loss
    Correct
    Wrong
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Answer : 4. "no profit no loss"

Q:

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

707 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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