Profit and Loss Practice Question and Answer

Q:

There is a loss of 5% by selling an article for Rs.665. In order to get 12% profit on that article, its selling price has to be kept?

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  • 1
    Rs 800
    Correct
    Wrong
  • 2
    Rs 812
    Correct
    Wrong
  • 3
    Rs 784
    Correct
    Wrong
  • 4
    Rs 790
    Correct
    Wrong
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Answer : 3. "Rs 784"

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Answer : 4. "120 kg."

Q:

Chandu bought a watch at 20 percent discount on mark price but sold it at mark price. Find the percentage of profit.

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  • 1
    25 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    18 %
    Correct
    Wrong
  • 4
    30 %
    Correct
    Wrong
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Answer : 1. "25 % "

Q:

A sells a good to B at a profit of 20% and B sells it to C at a profit of 25%. If  C pays Rs. 225 for it, what was the cost price of A?

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  • 1
    Rs. 100
    Correct
    Wrong
  • 2
    Rs. 125
    Correct
    Wrong
  • 3
    Rs. 150
    Correct
    Wrong
  • 4
    Rs. 175
    Correct
    Wrong
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Answer : 3. "Rs. 150"

Q:

If the cost of 1 dozen apples is Rs. 18, then the cost of 25 apples will be -

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  • 1
    Rs. 35.00
    Correct
    Wrong
  • 2
    Rs. 25.00
    Correct
    Wrong
  • 3
    Rs. 36.50
    Correct
    Wrong
  • 4
    Rs. 37.50
    Correct
    Wrong
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Answer : 4. "Rs. 37.50 "

Q:

The selling price of the product was equal to 50% of its cost price. Two gradual discounts were offered on the product. If the first discount was 20%, then what was the second discount?

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  • 1
    30 %
    Correct
    Wrong
  • 2
    37.5 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    33.33 %
    Correct
    Wrong
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Answer : 2. "37.5 %"

Q:

Krishnan bought a camera and paid 20% less than its original price. He sold it at 40% profit on the price he had paid. The percentage of profit earned by Krishnan on the original price was

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  • 1
    12%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    22%
    Correct
    Wrong
  • 4
    32%
    Correct
    Wrong
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Answer : 1. "12% "
Explanation :

Q:

By selling 90 chocolates for Rs. 160, a chocolate trader loses 20%. How many chocolates should he sell for Rs. 96 to make a profit of 20%?

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  • 1
    45
    Correct
    Wrong
  • 2
    36
    Correct
    Wrong
  • 3
    54
    Correct
    Wrong
  • 4
    28
    Correct
    Wrong
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Answer : 2. "36"

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