Profit and Loss Practice Question and Answer

Q:

By selling 100 pencils, A shopkeeper gains the selling price of 20 pencils. His gain percentage is

919 0

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

Q:

A shopkeeper on selling 33 metres of cloth obtain a profit equal to the selling price of 11 metre of cloth the profit is

916 0

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

Q:

A dishonest dealer professes to sell his goods at cost price but uses a false weight and thus gains 15%. For a kilogram, he uses a weight of _________ (rounded off to one digit after decimal).

914 0

  • 1
    833.3 gm
    Correct
    Wrong
  • 2
    876.7 gm
    Correct
    Wrong
  • 3
    869.6 gm
    Correct
    Wrong
  • 4
    898.33 gm
    Correct
    Wrong
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Answer : 3. "869.6 gm"

Q:

A man bought three articles, each of which cost Rs 3000. He sold those articles at 10% profit, 5% profit and 15% loss respectively. What is the total profit/loss percentage earned by him?

909 0

  • 1
    10% loss
    Correct
    Wrong
  • 2
    5% loss
    Correct
    Wrong
  • 3
    5% profit
    Correct
    Wrong
  • 4
    no profit no loss
    Correct
    Wrong
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Answer : 4. "no profit no loss"

Q:

Shopkeeper sold an article after allowing two successive discounts of 15% and 20% on it. If shopkeeper earned 2% profit on selling the article and total discount allowed by him is Rs. 192, then find cost price of the article?

906 0

  • 1
    Rs.500
    Correct
    Wrong
  • 2
    Rs.400
    Correct
    Wrong
  • 3
    Rs.300
    Correct
    Wrong
  • 4
    Rs.600
    Correct
    Wrong
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Answer : 2. "Rs.400"

Q:

A man buys a cycle for ₹1400 and sells it at a loss of 15%. What is the selling price of the cycle?

900 0

  • 1
    ₹1160
    Correct
    Wrong
  • 2
    ₹1000
    Correct
    Wrong
  • 3
    ₹1202
    Correct
    Wrong
  • 4
    ₹1190
    Correct
    Wrong
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Answer : 4. "₹1190 "
Explanation :

Q:

If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10% discount then what will be profit?

891 0

  • 1
    25%
    Correct
    Wrong
  • 2
    40%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    125%
    Correct
    Wrong
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Answer : 4. "125%"

Q:

The ratio of the cost price and selling price of an article is 10 : 11. The gain per cent is:

891 0

  • 1
    5%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 3. "10%"

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