Profit and Loss Practice Question and Answer

Q:

A shopkeeper by selling  13 Titan watches, earns a profit equal to the selling  price  of 3 Titan watches. His profit percentage is

1245 0

  • 1
    16 %
    Correct
    Wrong
  • 2
    23.0 %
    Correct
    Wrong
  • 3
    46 %
    Correct
    Wrong
  • 4
    30 %
    Correct
    Wrong
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Answer : 4. "30 % "

Q:

Cost price of 25 chairs equals the selling price of 20 chairs. Find the profit %.

1241 0

  • 1
    20%
    Correct
    Wrong
  • 2
    33%
    Correct
    Wrong
  • 3
    25%
    Correct
    Wrong
  • 4
    12.5%
    Correct
    Wrong
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Answer : 3. "25%"

Q:

By selling 100 pencils, a shopkeeper gains the selling price of 20 pencils, His gain percent is:

1237 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "25%"

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?

1231 0

  • 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:

A drug dealer sells a tablet for 5 rupees. If he buys a tablet packet for Rs 50 and if a tablet packet contains 25 tablets, what will be his profit percentage?

1230 0

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

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: 

1228 0

  • 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:

A person sold a horse with a profit of 15 percent. If he had bought it for 25 percent less and sold it for less than 60 rupees, he would have gained 32 percent. The purchase price of the horse was.

1223 0

  • 1
    Rs.370
    Correct
    Wrong
  • 2
    Rs.372
    Correct
    Wrong
  • 3
    Rs.375
    Correct
    Wrong
  • 4
    Rs.378
    Correct
    Wrong
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Answer : 3. "Rs.375"

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 -

1223 0

  • 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"

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