Profit and Loss Practice Question and Answer

Q:

If the cost price of 25 perts is equal to the selling price of 20 pens, then profit percent is

1003 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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Answer : 2. "25% "

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).

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  • 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:

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

997 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:

The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively. What is the profit percentage?

988 0

  • 1
    25%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    15%
    Correct
    Wrong
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Answer : 3. "20%"

Q:

A merchant marked the price of an article by incresing its pro- duction cost by 40% .Now he al- lows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is 

987 0

  • 1
    Rs. 320
    Correct
    Wrong
  • 2
    Rs. 360
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs 440
    Correct
    Wrong
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Answer : 3. "Rs. 400 "

Q:

On selling an article for ₹651, there is a loss of 7%. The cost price of that article is

983 0

  • 1
    ₹793
    Correct
    Wrong
  • 2
    ₹700
    Correct
    Wrong
  • 3
    ₹744
    Correct
    Wrong
  • 4
    ₹751
    Correct
    Wrong
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Answer : 2. "₹700"
Explanation :

Q:

A trader sells an article at 16% below its cost price. Had he sold it for ₹192.20 more, he would have gained 15%. The cost price (in ₹) of the article is:

978 0

  • 1
    620
    Correct
    Wrong
  • 2
    680
    Correct
    Wrong
  • 3
    720
    Correct
    Wrong
  • 4
    640
    Correct
    Wrong
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Answer : 1. "620 "

Q:

The profit earned by selling an article for ₹832 is equal to the loss incurred when the article is sold for ₹448. What will be the selling price of the article if it is sold at a ₹10%, loss?

977 0

  • 1
    ₹576
    Correct
    Wrong
  • 2
    ₹540
    Correct
    Wrong
  • 3
    ₹625
    Correct
    Wrong
  • 4
    ₹640
    Correct
    Wrong
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Answer : 1. "₹576 "

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