Profit and Loss Practice Question and Answer

Q:

Mohan bought 25 books for Rs. 2,000 and sold them at a profit equal to the selling price of 5 books. The selling price of 1 book is: 

1270 0

  • 1
    Rs . 120
    Correct
    Wrong
  • 2
    Rs . 150
    Correct
    Wrong
  • 3
    Rs . 100
    Correct
    Wrong
  • 4
    Rs . 200
    Correct
    Wrong
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Answer : 3. "Rs . 100 "

Q:

A dishonest dealer marks up his goods by 50% and then gives a discount of 20% on the marked price. Apart from this, he uses a faulty balance which reads 1kg for 900 gm. What is his net profit percentage (rounded off to the nearest integer)?

1261 0

  • 1
    24
    Correct
    Wrong
  • 2
    27
    Correct
    Wrong
  • 3
    36
    Correct
    Wrong
  • 4
    33
    Correct
    Wrong
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Answer : 4. "33"

Q:

If the cost price of 28 items is equal to the selling price of 21 items, what is the profit percentage?

1259 0

  • 1
    12 %
    Correct
    Wrong
  • 2
    $$ {33{1\over 3}}\%$$
    Correct
    Wrong
  • 3
    20 %
    Correct
    Wrong
  • 4
    22 %
    Correct
    Wrong
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Answer : 2. "$$ {33{1\over 3}}\%$$"

Q:

A shopkeeper buys three products a, b, c and sells them at 20%, 30%, 40% profit, respectively. What is ratio of the selling price of these products, if the ratio of their cost prices is 4:3 :2?

1257 0

  • 1
    48 : 39 : 28
    Correct
    Wrong
  • 2
    34 : 54 : 12
    Correct
    Wrong
  • 3
    24 : 39 : 14
    Correct
    Wrong
  • 4
    56 : 26 : 21
    Correct
    Wrong
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Answer : 1. "48 : 39 : 28"

Q:

If apples are bought at the rate of 30 for a rupee. How many apples must be sold for a rupee to gain 20%?   

1255 0

  • 1
    20
    Correct
    Wrong
  • 2
    22
    Correct
    Wrong
  • 3
    28
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 4. "25 "

Q:

Anil bought two articles A and B at a total cost of ₹ 10,000. He sold the article A at 15% profit and the actacle B at 10% loss. In the whole deal, be made no profit or no loss. Find the selling price of the article A.

1250 0

  • 1
    ₹4,500
    Correct
    Wrong
  • 2
    ₹5,400
    Correct
    Wrong
  • 3
    ₹4,600
    Correct
    Wrong
  • 4
    ₹4,200
    Correct
    Wrong
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Answer : 3. "₹4,600"

Q:

By what fraction selling price ( S.P. ) must be multiplied to get the cost price ( C.P. ) if the loss is 20%? 

1245 0

  • 1
    $${5\over4}$$
    Correct
    Wrong
  • 2
    $${6\over5}$$
    Correct
    Wrong
  • 3
    $${4\over5}$$
    Correct
    Wrong
  • 4
    $${8\over5}$$
    Correct
    Wrong
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Answer : 1. " $${5\over4}$$"

Q: The cost price of 27 articles is same as the selling price of 18 articles. What is the profit percent? 1244 0

  • 1
    40%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 3. "50%"

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