Profit and Loss Questions Practice Question and Answer

Q:

If an item is sold for Rs. 270, there is a loss of 10 percent on it , then what will be the cost price of that item?

1525 0

  • 1
    Rs. 300
    Correct
    Wrong
  • 2
    Rs. 330
    Correct
    Wrong
  • 3
    Rs. 240
    Correct
    Wrong
  • 4
    Rs. 324
    Correct
    Wrong
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Answer : 1. "Rs. 300 "

Q:

A man purchased a bed sheet for Rs. 450 and sold it at again of 10 % calculated on the selling price. The selling price of the bedsheets was 

1525 0

  • 1
    Rs. 460
    Correct
    Wrong
  • 2
    Rs . 475
    Correct
    Wrong
  • 3
    Rs . 480
    Correct
    Wrong
  • 4
    Rs . 500
    Correct
    Wrong
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Answer : 4. "Rs . 500 "

Q:

A cow was sold at 8% profit. If it were bought at 20% less and sold at 40% profit, then the owner would gain ₹ 640 more. Find the initial cost price of the cow.

1518 1

  • 1
    ₹ 15,000
    Correct
    Wrong
  • 2
    ₹ 16,000
    Correct
    Wrong
  • 3
    ₹ 20,000
    Correct
    Wrong
  • 4
    ₹ 25,000
    Correct
    Wrong
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Answer : 2. "₹ 16,000 "

Q:

A person bought pens at 25 for a rupee and sold at 15 for a rupee. What is his profit percentage? 

1514 0

  • 1
    $$66{2\over 3}$$
    Correct
    Wrong
  • 2
    40
    Correct
    Wrong
  • 3
    $$16{2\over 3}$$
    Correct
    Wrong
  • 4
    $$33{1\over 3}$$
    Correct
    Wrong
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Answer : 1. "$$66{2\over 3}$$"

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 

1509 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:

Cost of 36 pens and 42 Pencils is Rs 460. What is the cost of 18 pens and 21 pencils?

1509 0

  • 1
    230
    Correct
    Wrong
  • 2
    203
    Correct
    Wrong
  • 3
    302
    Correct
    Wrong
  • 4
    320
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "230"
Explanation :

(36 Pens + 42 Pencils)=460
2(18Pens + 21 Pencils) = 460
18 Pens +21 Pencils =230 Ans.

Q:

A trader had 2000 kgs of rice. He sold a part of it at 10 % profit and the rest at 16 % profit so that he made a total profit of 14.2%. How much rice (in kg) did he sell at 10 % profit? 

1507 0

  • 1
    1400
    Correct
    Wrong
  • 2
    600
    Correct
    Wrong
  • 3
    800
    Correct
    Wrong
  • 4
    1000
    Correct
    Wrong
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Answer : 2. "600"

Q: A fruit seller buys lemons two for Rs 1 and sells at 5 for Rs 3 rate. Find his profit percent. 1506 0

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

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