Profit and Loss Practice Question and Answer

Q:

A shopkeeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain , in percentage is:

1281 0

  • 1
    22
    Correct
    Wrong
  • 2
    21
    Correct
    Wrong
  • 3
    23
    Correct
    Wrong
  • 4
    24
    Correct
    Wrong
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Answer : 3. "23"

Q:

A wholesaler purchased 7 hair clips for a rupee. How many for a rupee must he sell to get profit of 40%?

1280 0

  • 1
    6
    Correct
    Wrong
  • 2
    5
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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Answer : 2. "5"

Q:

A shopkeeper sells a watch set on discount of 8% of printed price and gain 25 %. If marked price was Rs. 20,000 then, what was the cost price?

1275 1

  • 1
    Rs. 13,800
    Correct
    Wrong
  • 2
    Rs. 14,720
    Correct
    Wrong
  • 3
    Rs. 14, 800
    Correct
    Wrong
  • 4
    Rs. 13, 720
    Correct
    Wrong
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Answer : 2. "Rs. 14,720"

Q:

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

1274 0

  • 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:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was amount of discount given?

1272 0

  • 1
    Rs 319.6
    Correct
    Wrong
  • 2
    Rs 303.6
    Correct
    Wrong
  • 3
    Rs 306.3
    Correct
    Wrong
  • 4
    Rs 313.6
    Correct
    Wrong
  • 5
    Rs 316.9
    Correct
    Wrong
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Answer : 4. "Rs 313.6"

Q:

An article is sold at a profit of 25 %. If the selling price is doubled, the profit % will be: 

1268 0

  • 1
    100%
    Correct
    Wrong
  • 2
    50%
    Correct
    Wrong
  • 3
    200%
    Correct
    Wrong
  • 4
    150%
    Correct
    Wrong
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Answer : 4. "150% "

Q:

A discount of 20% in the price of rice enables X to buy 5 kg more rice for ₹100. What is the reduced price of rice per kg?

1265 0

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

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%?

1264 0

  • 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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