Profit and Loss Practice Question and Answer

Q:

Two - third of a consignment was sold at a profit of 5% and the remaining at a loss of 2 %. If the total profit was Rs. 400. then the value of the consignment was

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  • 1
    Rs . 16,000
    Correct
    Wrong
  • 2
    Rs . 16,500
    Correct
    Wrong
  • 3
    Rs . 15,000
    Correct
    Wrong
  • 4
    Rs . 15,500
    Correct
    Wrong
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Answer : 3. "Rs . 15,000 "

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:

A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth , the profit is 

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  • 1
    50%
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    40%
    Correct
    Wrong
  • 4
    22%
    Correct
    Wrong
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Answer : 1. "50% "

Q:

When a mobile is sold at 6 percent profit, it gets Rs. 870 more than it is sold at 6 percent loss. So what is the purchase price of mobile?

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  • 1
    7250
    Correct
    Wrong
  • 2
    7266
    Correct
    Wrong
  • 3
    7217
    Correct
    Wrong
  • 4
    7243
    Correct
    Wrong
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Answer : 1. "7250"

Q:

If a trader finds out that his profit is equal to 20 percent of the selling price, then his actual profit is.

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

Q:

Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at ₹ 30 less, but still she gained 20%. The cost price of watch is

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  • 1
    ₹ 250
    Correct
    Wrong
  • 2
    ₹ 225
    Correct
    Wrong
  • 3
    ₹ 240
    Correct
    Wrong
  • 4
    ₹ 220
    Correct
    Wrong
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Answer : 1. "₹ 250 "
Explanation :

Q:

An item costing Rs. 840 was sold by a shopkeeper at a gain of 10 % and it was again sold by the new buyer at a loss of 5 %. Find selling price of the item is: 

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  • 1
    Rs. 924
    Correct
    Wrong
  • 2
    Rs. 37.80
    Correct
    Wrong
  • 3
    Rs. 877.80
    Correct
    Wrong
  • 4
    Rs.798
    Correct
    Wrong
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Answer : 3. "Rs. 877.80 "

Q:

Vivek buys 3 shirts at an average price of Rs. 1250. If he buys 2 more shirts at an average price of Rs. 1450. What will be the average price (in Rs.) of all the 5 shirts he buys?

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  • 1
    1350
    Correct
    Wrong
  • 2
    1390
    Correct
    Wrong
  • 3
    1330
    Correct
    Wrong
  • 4
    1310
    Correct
    Wrong
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Answer : 3. "1330"

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