Profit and Loss Practice Question and Answer

Q:

Ratio of CP and SP is 12:13, then the profit percent is?

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  • 1
    8.33%
    Correct
    Wrong
  • 2
    12.5%
    Correct
    Wrong
  • 3
    7.82%
    Correct
    Wrong
  • 4
    9.4%
    Correct
    Wrong
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Answer : 1. "8.33%"

Q:

A man sold 18 cots for Rs.16800, gaining there by the cost price of 3 cots. The cost price of a cot is 

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  • 1
    Rs.600
    Correct
    Wrong
  • 2
    Rs.800
    Correct
    Wrong
  • 3
    Rs.900
    Correct
    Wrong
  • 4
    Rs.1000
    Correct
    Wrong
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Answer : 2. "Rs.800 "

Q:

What is the discount rate of a gift whose selling price is Rs. 420 after a reduction of Rs. 60 on its marked price ?

1436 0

  • 1
    10.5
    Correct
    Wrong
  • 2
    12.5
    Correct
    Wrong
  • 3
    14.5
    Correct
    Wrong
  • 4
    13.5
    Correct
    Wrong
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Answer : 2. "12.5"

Q:

A car worth Rs 30,000 was sold by A to B at 10 % profit. B sold the car back to A at 5 % loss. In the entire transaction.

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  • 1
    A gain Rs 1500
    Correct
    Wrong
  • 2
    A loss Rs 1500
    Correct
    Wrong
  • 3
    A gain Rs. 1650
    Correct
    Wrong
  • 4
    A gain Rs. 1850
    Correct
    Wrong
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Answer : 3. "A gain Rs. 1650"

Q:

By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%? 

1433 0

  • 1
    Rs . 910
    Correct
    Wrong
  • 2
    Rs . 1200
    Correct
    Wrong
  • 3
    Rs . 1232
    Correct
    Wrong
  • 4
    Rs . 1300
    Correct
    Wrong
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Answer : 4. "Rs . 1300 "

Q:

Vinayak bought an item and sold it at a loss of 5%. If he had bought it for 10% less and sold it for Rs.390 more, he would have had a profit of 20%, find the cost price of item.

1432 0

  • 1
    Rs. 3300
    Correct
    Wrong
  • 2
    Rs. 3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3000
    Correct
    Wrong
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Answer : 4. "Rs. 3000"

Q:

The cost price of item B is Rs. 150/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?

1429 1

  • 1
    Rs. 450/-
    Correct
    Wrong
  • 2
    Rs. 420/-
    Correct
    Wrong
  • 3
    Rs. 400/-
    Correct
    Wrong
  • 4
    Rs. 350/-
    Correct
    Wrong
  • 5
    Rs. 480/-
    Correct
    Wrong
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Answer : 1. "Rs. 450/-"

Q:

A and B invest in a business in the ratio 3:2. If 5% of the total profit goes to charity and A’s share is Rs.855, the total profit is:

1428 0

  • 1
    Rs. 1425
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1537.50
    Correct
    Wrong
  • 4
    Rs.1576
    Correct
    Wrong
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Answer : 2. "Rs. 1500"

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