Profit and Loss Questions Practice Question and Answer

Q:

There is a profit of 10% when an item is sold at $${{5\over6}}$$ of its actual selling price. What will be the profit percentage on the cost price when the item is sold at its actual selling price?

742 0

  • 1
    28%
    Correct
    Wrong
  • 2
    32%
    Correct
    Wrong
  • 3
    26%
    Correct
    Wrong
  • 4
    30%
    Correct
    Wrong
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Answer : 2. "32%"

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

738 0

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

Q:

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

702 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:

On selling an article for ₹123.40, the gain is 20% more than the amount of loss incurred on selling it for ₹108. If the article is sold for ₹120.75, then what is the gain/loss per cent?

698 0

  • 1
    Loss 2.5%
    Correct
    Wrong
  • 2
    Loss 5%
    Correct
    Wrong
  • 3
    Gain 2.5%
    Correct
    Wrong
  • 4
    Gain 5%
    Correct
    Wrong
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Answer : 4. "Gain 5%"

Q:

A dealer marks a washing machine for ₹7500, and allows a discount of 6% on it. Find the selling price 

690 0

  • 1
    ₹ 6850
    Correct
    Wrong
  • 2
    ₹ 7050
    Correct
    Wrong
  • 3
    ₹ 7250
    Correct
    Wrong
  • 4
    ₹ 6950
    Correct
    Wrong
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Answer : 2. "₹ 7050 "

Q:

A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price. What is his overall profit/loss per cent?

688 0

  • 1
    Loss 2.8%
    Correct
    Wrong
  • 2
    Profit 2.8%
    Correct
    Wrong
  • 3
    Profit 3.6%
    Correct
    Wrong
  • 4
    Loss 3.6%
    Correct
    Wrong
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Answer : 3. "Profit 3.6%"

Q:

A sold a mobile phone to B at a gain of 25% and B sold it to C at a loss of 10%. If C paid ₹5,625 for it, how much did A pay (in ₹) for the phone?

687 0

  • 1
    5,100
    Correct
    Wrong
  • 2
    5,000
    Correct
    Wrong
  • 3
    4,500
    Correct
    Wrong
  • 4
    4,800
    Correct
    Wrong
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Answer : 2. "5,000"

Q:

The selling prices of two articles are equal. If the first article is sold at a profit of 20% and the second article is sold at a loss of 20%, what will be the overall loss percentage?

663 0

  • 1
    4%
    Correct
    Wrong
  • 2
    3.5%
    Correct
    Wrong
  • 3
    2.5%
    Correct
    Wrong
  • 4
    2%
    Correct
    Wrong
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Answer : 1. "4%"

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