Profit and Loss Questions Practice Question and Answer

Q:

Remi earns a profit of 20% on selling an article at a certain price. If she sells the articles for ₹8 more, she will gain 30%. What is the original cost price of 16 such articles?

856 0

  • 1
    ₹1,152
    Correct
    Wrong
  • 2
    ₹1,120
    Correct
    Wrong
  • 3
    ₹1,280
    Correct
    Wrong
  • 4
    ₹1,200
    Correct
    Wrong
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Answer : 3. "₹1,280"

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 

853 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 trader sells an article at 16% below its cost price. Had he sold it for ₹192.20 more, he would have gained 15%. The cost price (in ₹) of the article is:

836 0

  • 1
    620
    Correct
    Wrong
  • 2
    680
    Correct
    Wrong
  • 3
    720
    Correct
    Wrong
  • 4
    640
    Correct
    Wrong
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Answer : 1. "620 "

Q:

The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively. What is the profit percentage?

827 0

  • 1
    25%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 3. "20%"

Q:

A fan is listed at ₹ 150 and a discount of 20% is given. Then the selling price is

822 0

  • 1
    ₹ 120
    Correct
    Wrong
  • 2
    ₹ 110
    Correct
    Wrong
  • 3
    ₹ 180
    Correct
    Wrong
  • 4
    ₹ 150
    Correct
    Wrong
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Answer : 1. "₹ 120 "
Explanation :

Q:

The ratio of the cost price and selling price of an article is 10 : 11. The gain per cent is:

807 0

  • 1
    5%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 3. "10%"

Q:

Total cost of A pens and (A-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find A?

803 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:

The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain per- cent will be

803 0

  • 1
    17 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    19 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 1. "17 %"

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