Profit and Loss Practice Question and Answer

Q:

An article is sold at a profit of 20% of its cost price. If cost price and selling price reduces by Rs 10 and Rs. 5 respectively, then the percentage profit increased to 30%. Find the cost price?

1619 0

  • 1
    Rs. 80
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 75
    Correct
    Wrong
  • 4
    Rs. 60
    Correct
    Wrong
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Answer : 1. "Rs. 80"

Q:

Raghu sold an article for Rs. 180 after allowing a 20% discount on its marked price. Had he not allowed any discount, he would have gained 20%. What is the cost price of the article?

1619 0

  • 1
    187.50
    Correct
    Wrong
  • 2
    192.80
    Correct
    Wrong
  • 3
    188.60
    Correct
    Wrong
  • 4
    190.40
    Correct
    Wrong
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Answer : 1. "187.50"

Q:

A vendor buys bananas at 12 for 45 and sells at 5 for 35. What will be the gain ? 

1617 0

  • 1
    87 %
    Correct
    Wrong
  • 2
    82 %
    Correct
    Wrong
  • 3
    92 %
    Correct
    Wrong
  • 4
    89 %
    Correct
    Wrong
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Answer : 1. " 87 % "

Q:

A trader purchased a gift box for Rs. 150. What should be the marked price on the gift box so that after allowing a discount of 10 %, he makes a profit of 10 %? 

1612 0

  • 1
    Rs . 180
    Correct
    Wrong
  • 2
    Rs . 183.3
    Correct
    Wrong
  • 3
    Rs . 186.6
    Correct
    Wrong
  • 4
    Rs . 190
    Correct
    Wrong
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Answer : 2. "Rs . 183.3 "

Q:

A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles . What % profit did he make in the transaction?

1610 0

  • 1
    300%
    Correct
    Wrong
  • 2
    150%
    Correct
    Wrong
  • 3
    33.33%
    Correct
    Wrong
  • 4
    75%
    Correct
    Wrong
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Answer : 1. "300% "

Q:

While selling an article for Rs 18450, a person suffered a loss of 50%. At what price he should have sold the article (in Rs) to earn a profit of 50%?

1602 0

  • 1
    13837
    Correct
    Wrong
  • 2
    52000
    Correct
    Wrong
  • 3
    56775
    Correct
    Wrong
  • 4
    55350
    Correct
    Wrong
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Answer : 4. "55350"

Q:

By selling an article for Rs. 450, I lose 20%. For what price should I sell it to gain 20% ? 

1593 0

  • 1
    Rs. 470
    Correct
    Wrong
  • 2
    Rs. 562.50
    Correct
    Wrong
  • 3
    Rs. 490
    Correct
    Wrong
  • 4
    Rs. 675
    Correct
    Wrong
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Answer : 4. "Rs. 675 "
Explanation :

Q:

If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be 

1583 0

  • 1
    1 : 2
    Correct
    Wrong
  • 2
    2 : 1
    Correct
    Wrong
  • 3
    1 : 3
    Correct
    Wrong
  • 4
    3 : 1
    Correct
    Wrong
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Answer : 3. "1 : 3 "

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