Profit and Loss Practice Question and Answer

Q:

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

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  • 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 man purchased a bedsheet for₹ 450 and sold it at a gain of 10% calculated on the selling price. The selling price of the bedsheet was 

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  • 1
    ₹ 480
    Correct
    Wrong
  • 2
    ₹500
    Correct
    Wrong
  • 3
    ₹ 460
    Correct
    Wrong
  • 4
    ₹ 475
    Correct
    Wrong
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Answer : 2. "₹500"
Explanation :

Q:

A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is: 

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  • 1
    $$1{1\over5}$$
    Correct
    Wrong
  • 2
    $$2{1\over5}$$
    Correct
    Wrong
  • 3
    $$2{1\over2}$$
    Correct
    Wrong
  • 4
    2
    Correct
    Wrong
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Answer : 1. " $$1{1\over5}$$"

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 the percent profit on the transaction?

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  • 1
    6.8%
    Correct
    Wrong
  • 2
    6.3%
    Correct
    Wrong
  • 3
    6.4 %
    Correct
    Wrong
  • 4
    6.6 %
    Correct
    Wrong
  • 5
    6.2%
    Correct
    Wrong
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Answer : 3. "6.4 %"

Q:

By selling a bicycle for Rs. 2,850 a shopkeeper gain 14%. If the profit is reduced to 8 %, then the selling price will be 

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  • 1
    Rs. 2,800
    Correct
    Wrong
  • 2
    Rs. 3,000
    Correct
    Wrong
  • 3
    Rs. 2,600
    Correct
    Wrong
  • 4
    Rs. 2,700
    Correct
    Wrong
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Answer : 4. "Rs. 2,700 "

Q:

The difference between the selling prices of an article at a profit of 15% and at a profit of 10% is Rs.10. The cost price of the article is -

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

Q:

Two things were sold at same sale-price. One thing got 10% profit and another suffered 10% loss. The difference of their purchase price will be in multiple of which number.Tell_____. 

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  • 1
    10
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    25
    Correct
    Wrong
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Answer : 2. "20"

Q:

Ram sold an article for Rs 380 at some profit. Had he sold it for Rs 300, then there would have been a loss equal to one-third at the initial point. What was the cost price of the article? 

1379 0

  • 1
    320
    Correct
    Wrong
  • 2
    350
    Correct
    Wrong
  • 3
    420
    Correct
    Wrong
  • 4
    450
    Correct
    Wrong
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Answer : 1. "320 "

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