Profit and Loss Practice Question and Answer

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:

On selling an article for Rs.240, a trader loss of 10%.In order to gain 10%, he must sell that article for -

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  • 1
    Rs.267.50
    Correct
    Wrong
  • 2
    Rs.290.80
    Correct
    Wrong
  • 3
    Rs.293.32
    Correct
    Wrong
  • 4
    Rs.296.84
    Correct
    Wrong
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Answer : 3. "Rs.293.32"

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?

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

Q:

The price of jewelry , passing through three hands. rises on the whole by 65 %. If the first and the second sellers earned 20 % and 25 % profit respectively, the profit earned by the third seller is 

1130 0

  • 1
    10%
    Correct
    Wrong
  • 2
    5%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 1. "10% "

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:

By selling 25 m of cloth a man gains the selling price of 5 m of cloth. Find the gain percent?

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  • 1
    25 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    30 %
    Correct
    Wrong
  • 4
    22 %
    Correct
    Wrong
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Answer : 1. "25 %"

Q:

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

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  • 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:

Bananas are bought at 3 for Rs. 2 and sold at 5 for Rs. 4. Find the gain or loss percent.

1100 0

  • 1
    25%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    30%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 2. "20% "

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