Profit and Loss Questions Practice Question and Answer

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?

542 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:

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

630 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:

Answer the following questions

Lokesh sold two items at same price. One of them was sold at a profit of 10% and the other at the loss of 10%. What is the net result of entire transaction?

389 0

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

Q:

Answer the following questions

Rama dealing in bedsheets allows 4% discount on the marked price. What price must be marked on a bedsheet that cost Rs. 480 so as to make a profit of 10%?

529 0

  • 1
    Rs. 520
    Correct
    Wrong
  • 2
    Rs. 650
    Correct
    Wrong
  • 3
    Rs. 620
    Correct
    Wrong
  • 4
    Rs. 550
    Correct
    Wrong
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Answer : 4. "Rs. 550"

Q:

The reduction of Rs . 12 in the selling price of an article will changes 5 % gain into  $$ 2{1\over 2}\% $$ loss . The cost price of the article is 

1435 0

  • 1
    Rs. 140
    Correct
    Wrong
  • 2
    Rs. 160
    Correct
    Wrong
  • 3
    Rs. 80
    Correct
    Wrong
  • 4
    Rs. 100
    Correct
    Wrong
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Answer : 2. "Rs. 160"

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 

1840 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:

By selling an article for ₹72, there is a loss of 10%. At what price it should be sell to gain 10% profit?

628 0

  • 1
    ₹85
    Correct
    Wrong
  • 2
    ₹88
    Correct
    Wrong
  • 3
    ₹80
    Correct
    Wrong
  • 4
    ₹90
    Correct
    Wrong
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Answer : 2. "₹88"

Q:

If the cost of 1 dozen apples is Rs. 18, then the cost of 25 apples will be -

522 0

  • 1
    Rs. 35.00
    Correct
    Wrong
  • 2
    Rs. 25.00
    Correct
    Wrong
  • 3
    Rs. 36.50
    Correct
    Wrong
  • 4
    Rs. 37.50
    Correct
    Wrong
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Answer : 4. "Rs. 37.50 "

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