Profit and Loss Questions Practice Question and Answer

Q:

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

503 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:

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

551 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 sold an item at a profit of 20 %. If he reduces the price of the item by Rs. 900, he incurs a loss of 10 %. What is the cost price of the item?

1864 0

  • 1
    Rs. 4900
    Correct
    Wrong
  • 2
    Rs. 4200
    Correct
    Wrong
  • 3
    Rs. 3500
    Correct
    Wrong
  • 4
    Rs. 3000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "Rs. 3000"

Q:

If the shopkeeper sold the mobile for Rs.15000 and then he gets some loss. If he sold the same mobile at Rs.19200 and then he gets profit is double of loss. Find the cost price of the mobile?

610 0

  • 1
    Rs.16000
    Correct
    Wrong
  • 2
    Rs.18000
    Correct
    Wrong
  • 3
    Rs.17500
    Correct
    Wrong
  • 4
    Rs.15500
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 5. "None of these "

Q:

A seller gives 15% discount on an item, if he marked up the price of item 40% above C.P and while selling he cheats the buyer by giving 10% less in weight. Find this overall profit percent (approximately).

904 0

  • 1
    32%
    Correct
    Wrong
  • 2
    69%
    Correct
    Wrong
  • 3
    45%
    Correct
    Wrong
  • 4
    89%
    Correct
    Wrong
  • 5
    97%
    Correct
    Wrong
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Answer : 1. "32%"

Q:

The value of a mobile phone depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 6561/-, its purchase price was.

634 0

  • 1
    Rs. 8100
    Correct
    Wrong
  • 2
    Rs. 9000
    Correct
    Wrong
  • 3
    Rs. 9100
    Correct
    Wrong
  • 4
    Rs. 9729
    Correct
    Wrong
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Answer : 2. "Rs. 9000 "

Q:

Profit obtained on selling an article for Rs 540 is equal to the loss incurred on selling the article for Rs 370. if selling price is Rs. 910, Then what is the profit percentage? 

1552 0

  • 1
    50
    Correct
    Wrong
  • 2
    100
    Correct
    Wrong
  • 3
    $$16{2\over 3}$$
    Correct
    Wrong
  • 4
    $$33{1\over 3}$$
    Correct
    Wrong
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Answer : 2. "100"

Q:

Which one of the following costs more?

I. 200 packets of ₹ 250 each

II . 20 dozens of ₹ 250 each

576 0

  • 1
    I
    Correct
    Wrong
  • 2
    II
    Correct
    Wrong
  • 3
    Both I and II are equal
    Correct
    Wrong
  • 4
    Cannot be calculated
    Correct
    Wrong
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Answer : 2. "II"

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