Profit and Loss Practice Question and Answer

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 ?

1055 0

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

Q:

A man sold a watch at a loss of 5%. If he would have sold it for Rs. 27 more, he would have gained 7%. The cost price of the watch is -

1054 0

  • 1
    Rs. 325
    Correct
    Wrong
  • 2
    Rs. 225
    Correct
    Wrong
  • 3
    Rs. 500
    Correct
    Wrong
  • 4
    Rs. 375
    Correct
    Wrong
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Answer : 2. "Rs. 225"

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

1041 0

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

Q:

A Shopkeeper marks his goods 20 % above its cost price and gives 15 % discount on the marked price. Find the gain?

1035 0

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

Q:

The cost price of a radio is₹  600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be

1034 0

  • 1
    ₹ 704.50
    Correct
    Wrong
  • 2
    ₹ 724.50
    Correct
    Wrong
  • 3
    ₹ 664.50
    Correct
    Wrong
  • 4
    ₹ 684.50
    Correct
    Wrong
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Answer : 2. "₹ 724.50 "
Explanation :

Q:

A woman buys a watch for Rs. 4,000 and sells it at a loss of 13%. What is the selling price of the watch?

1033 0

  • 1
    Rs.3,480
    Correct
    Wrong
  • 2
    Rs.3,500
    Correct
    Wrong
  • 3
    Rs.3,840
    Correct
    Wrong
  • 4
    Rs.3,620
    Correct
    Wrong
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Answer : 1. "Rs.3,480"

Q:

Nisha bought a number of oranges at 2 for a rupee and an equal number at 3 for a rupee. To make a profit of 20% she should sell a dozen for

1028 0

  • 1
    ₹ 10
    Correct
    Wrong
  • 2
    ₹ 12
    Correct
    Wrong
  • 3
    ₹ 6
    Correct
    Wrong
  • 4
    ₹ 8
    Correct
    Wrong
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Answer : 3. "₹ 6 "
Explanation :

Q:

If Arun purchases 11 articles for Rs.10 and sold all the articles at the rate of 10 for Rs.11, the profit percentage will be.

1027 0

  • 1
    21%
    Correct
    Wrong
  • 2
    100%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    11%
    Correct
    Wrong
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Answer : 1. "21% "

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