Profit and Loss Practice Question and Answer

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?

1049 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:

Remi earns a profit of 20% on selling an article at a certain price. If she sells the articles for ₹8 more, she will gain 30%. What is the original cost price of 16 such articles?

1045 0

  • 1
    ₹1,152
    Correct
    Wrong
  • 2
    ₹1,120
    Correct
    Wrong
  • 3
    ₹1,280
    Correct
    Wrong
  • 4
    ₹1,200
    Correct
    Wrong
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Answer : 3. "₹1,280"

Q:

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

1036 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:

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?

1028 0

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

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?

1009 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?

987 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:

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

984 0

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

Q:

A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price. What is his overall profit/loss per cent?

974 0

  • 1
    Loss 2.8%
    Correct
    Wrong
  • 2
    Profit 2.8%
    Correct
    Wrong
  • 3
    Profit 3.6%
    Correct
    Wrong
  • 4
    Loss 3.6%
    Correct
    Wrong
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Answer : 3. "Profit 3.6%"

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