Profit and Loss Practice Question and Answer

Q:

A DVD player was purchased for Rs 4860. At what price should it be sold so that 25% profit is earned?

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  • 1
    Rs 6225
    Correct
    Wrong
  • 2
    Rs 6275
    Correct
    Wrong
  • 3
    Rs 6075
    Correct
    Wrong
  • 4
    Rs 6025
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 6075"

Q:

The cost price of two dozen bananas is Rs. 32 After selling 18 bananas at the rate Rs. 12 per dozen, the shopkeeper reduced to rate as Rs. 4 per dozen. The percent loss is 

2348 0

  • 1
    36.5%
    Correct
    Wrong
  • 2
    37.5%
    Correct
    Wrong
  • 3
    25.2%
    Correct
    Wrong
  • 4
    32.4%
    Correct
    Wrong
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Answer : 2. "37.5% "

Q: On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is ? 2347 0

  • 1
    Rs. 55
    Correct
    Wrong
  • 2
    Rs. 60
    Correct
    Wrong
  • 3
    Rs. 65
    Correct
    Wrong
  • 4
    Rs. 70
    Correct
    Wrong
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Answer : 2. "Rs. 60"
Explanation :

Answer: B) Rs. 60 Explanation: Let the cost price of a ball is Rs.xGiven, on selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 ballsThe equation is :17x - 720 = 5xSolving the equation we get x = 60Therefore, cost price of a ball is Rs. 60.

Q:

The retail price of a water geyser is 1265. If the manufacturer gains 10 %, the wholesale dealer gains 15 % and the retailer gains 25 % , then the cost of the product is – 

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  • 1
    ₹ 800
    Correct
    Wrong
  • 2
    ₹ 900
    Correct
    Wrong
  • 3
    ₹ 700
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 1. "₹ 800 "

Q:

A cloth merchant sold half of his cloth at 20 % profit, half of the remaining cloth at 20 % loss and the rest was sold at its cost price. In the total transaction, his gain or loss will be 

2344 0

  • 1
    5% profit
    Correct
    Wrong
  • 2
    Neither loss nor gain
    Correct
    Wrong
  • 3
    5% loss
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 1. "5% profit "

Q: A shopkeeper earns a profit of shopkeeper earns a profit of 25% after giving a discount of 20%. Find the ratio between the cost price and the marked price. 2322 1

  • 1
    25:16
    Correct
    Wrong
  • 2
    16:25
    Correct
    Wrong
  • 3
    16:27
    Correct
    Wrong
  • 4
    27:10
    Correct
    Wrong
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Answer : 2. "16:25"

Q: What should be % increased the Marked price so that even after allowing 10% discount one get the profit of 26%? 2267 0

  • 1
    20%
    Correct
    Wrong
  • 2
    50%
    Correct
    Wrong
  • 3
    60%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
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Answer : 4. "40%"

Q: A shopkeeper earns a profit equal to the cost price of 15 meter by selling 45 meter cloth. Find the profit percent? 2261 0

  • 1
    33%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    $$ 33 {1 \over 3} $$
    Correct
    Wrong
  • 4
    55%
    Correct
    Wrong
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Answer : 3. "$$ 33 {1 \over 3} $$"

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