Profit and Loss Practice Question and Answer

Q:

A trader sold two items at the same price. One at 20% profit and another at 10% loss. The overall profit / loss percentage of the trader is ________

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  • 1
    4% loss
    Correct
    Wrong
  • 2
    4% profit
    Correct
    Wrong
  • 3
    8% loss
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 4. "None of these"

Q:

A radio is sold for Rs.900 at 10% profit. If it had been sold for Rs 890, what would have been the actual profit or loss?

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  • 1
    profit of Rs.10
    Correct
    Wrong
  • 2
    profit of Rs.90
    Correct
    Wrong
  • 3
    profit of Rs.90
    Correct
    Wrong
  • 4
    a loss of Rs 10
    Correct
    Wrong
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Answer : 4. "a loss of Rs 10"

Q:

While selling an article, a shopkeeper gives a discount of 5%. If he gives a discount of 7%, he earns Rs.15 less as profit. The marked price of the article is -

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  • 1
    Rs.1250
    Correct
    Wrong
  • 2
    Rs.840
    Correct
    Wrong
  • 3
    Rs.750
    Correct
    Wrong
  • 4
    Rs.850
    Correct
    Wrong
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Answer : 3. "Rs.750"

Q:

A cycle seller gives 10% discount on marked retail price and still earns 26% profit. If marked retail price of the cycle is Rs. 840/- Then how much money was paid by the seller for that cycle?

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  • 1
    ₹ 600/-
    Correct
    Wrong
  • 2
    ₹ 650/-
    Correct
    Wrong
  • 3
    ₹ 700/-
    Correct
    Wrong
  • 4
    ₹ 750/-
    Correct
    Wrong
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Answer : 1. "₹ 600/-"

Q:

A shopkeeper bought 25 kg. of pulses at the rate of Rs. 54 kg. He sold forty percent of the total quantity at the rate of Rs. 50 per kg. at what price per kg should he sell the approximately quantity to make 25% overall profit ?

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  • 1
    79
    Correct
    Wrong
  • 2
    81
    Correct
    Wrong
  • 3
    98
    Correct
    Wrong
  • 4
    67
    Correct
    Wrong
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Answer : 1. "79"

Q:

The total cost of x pens and (x-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find x?

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  • 1
    16
    Correct
    Wrong
  • 2
    18
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    20
    Correct
    Wrong
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Answer : 2. "18 "

Q:

The marked price of an article is Rs.800. A retailer buys it for Rs.540 after getting two successive discounts. The first discount is 25 %. What is the second discount?

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  • 1
    8 %
    Correct
    Wrong
  • 2
    12 %
    Correct
    Wrong
  • 3
    10 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 3. "10 %"

Q:

By selling an article at 2/3 of the Marked price, there is a loss of 10%. The profit percent when the article is sold at the Marked prices

966 0

  • 1
    20%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
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Answer : 3. "35%"

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