Profit and Loss Practice Question and Answer

Q:

The marked price of a table fan is ₹3,750 and is available to the retailer at a discount of 20%. At what price should the retailer sell it to earn a profit of 15%?

1723 0

  • 1
    ₹3,450
    Correct
    Wrong
  • 2
    ₹3,350
    Correct
    Wrong
  • 3
    ₹3,300
    Correct
    Wrong
  • 4
    ₹3,400
    Correct
    Wrong
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Answer : 1. "₹3,450"

Q:

A merchant sells a radio at 10 % profit if he bought 10% less and sold it Rs.132 less then he got 10% profit. Find the cost price of radio?

1720 0

  • 1
    1100
    Correct
    Wrong
  • 2
    1200
    Correct
    Wrong
  • 3
    1300
    Correct
    Wrong
  • 4
    1320
    Correct
    Wrong
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Answer : 2. "1200"

Q:

A man has 60 pens. He sells some of these at a profit of 12 % and the rest at 8 % loss. On the whole, he gets a profit 11 %. How many pens were sold at 12 % profit.

1716 1

  • 1
    47
    Correct
    Wrong
  • 2
    52
    Correct
    Wrong
  • 3
    55
    Correct
    Wrong
  • 4
    57
    Correct
    Wrong
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Answer : 4. "57"

Q:

A tradesman marks his goods at 20 % above the cost price. He allows his customers a discount of 8% on marked price. Find out his profit percent.

1714 0

  • 1
    12 %
    Correct
    Wrong
  • 2
    10.4 %
    Correct
    Wrong
  • 3
    16 %
    Correct
    Wrong
  • 4
    20 %
    Correct
    Wrong
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Answer : 2. "10.4 %"

Q:

If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__

1713 0

  • 1
    Rs. 1,200
    Correct
    Wrong
  • 2
    Rs. 1,000
    Correct
    Wrong
  • 3
    Rs. 960
    Correct
    Wrong
  • 4
    Rs. 900
    Correct
    Wrong
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Answer : 1. "Rs. 1,200"

Q:

A trader sells two items at the rate of Rs 400 each. If he gains 15% on one and losses 15% on other, then what is the value (in Rs) of loss?

1712 0

  • 1
    24.36
    Correct
    Wrong
  • 2
    22.14
    Correct
    Wrong
  • 3
    20.25
    Correct
    Wrong
  • 4
    18.41
    Correct
    Wrong
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Answer : 4. "18.41"

Q:

Last year Mr. A bought two paintings. This year he sold them for Rs. 20,000 each. On one, he made a 25 % profit and of the other he had a 25 % loss. Then his net profit or loss is 

1705 0

  • 1
    He earned more than Rs. 2000
    Correct
    Wrong
  • 2
    He earned less than Rs . 2000
    Correct
    Wrong
  • 3
    He lost more than Rs. 2000
    Correct
    Wrong
  • 4
    He lost more than Rs. 2000
    Correct
    Wrong
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Answer : 3. "He lost more than Rs. 2000 "

Q:

Selling price of an article is $${7\over6}$$ of cost price. What is the profit percentage?

1703 0

  • 1
    $$14{7\over6}\% $$
    Correct
    Wrong
  • 2
    $$12{1\over2}\% $$
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    $$16{2\over3}\% $$
    Correct
    Wrong
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Answer : 4. "$$16{2\over3}\% $$"

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