Profit and Loss Questions Practice Question and Answer

Q: On selling oranges 5 for Rs.1. One gets 20% profit. How many orange were purchased for Rs.1. 3818 0

  • 1
    3
    Correct
    Wrong
  • 2
    7
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    6
    Correct
    Wrong
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Answer : 4. "6"

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was the percent profit on the transaction?

839 0

  • 1
    6.8%
    Correct
    Wrong
  • 2
    6.3%
    Correct
    Wrong
  • 3
    6.4 %
    Correct
    Wrong
  • 4
    6.6 %
    Correct
    Wrong
  • 5
    6.2%
    Correct
    Wrong
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Answer : 3. "6.4 %"

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 ? 1611 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: A cycle is sold for Rs.2070 at profit of 15%, at what profit of 15%, at what price it should be sold so as to earn 25% Profit. 4868 0

  • 1
    2150
    Correct
    Wrong
  • 2
    2250
    Correct
    Wrong
  • 3
    2350
    Correct
    Wrong
  • 4
    2450
    Correct
    Wrong
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Answer : 2. "2250"

Q: A dishonest dealer professes to sell his good at cost price, but he uses a weight of 800 gm. For one kg. Find his gain percent? 1850 0

  • 1
    20
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    40
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 2. "25"

Q: A shopkeeper sells a certain object in Rs 2520 after giving two consecutive discounts of 10% and 30 %. Find the marked price of the object. 3893 0

  • 1
    Rs 6000
    Correct
    Wrong
  • 2
    Rs 4000
    Correct
    Wrong
  • 3
    Rs 5450
    Correct
    Wrong
  • 4
    Rs 6800
    Correct
    Wrong
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Answer : 2. "Rs 4000"

Q:

If a chair sold for Rs. 600 at the profit of 20%, then the original price of the chair is:

2158 0

  • 1
    Rs. 540
    Correct
    Wrong
  • 2
    Rs. 500
    Correct
    Wrong
  • 3
    Rs. 480
    Correct
    Wrong
  • 4
    Rs. 580
    Correct
    Wrong
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Answer : 2. "Rs. 500"

Q:

What is the discount rate of a gift whose selling price is Rs. 420 after a reduction of Rs. 60 on its marked price ?

1123 0

  • 1
    10.5
    Correct
    Wrong
  • 2
    12.5
    Correct
    Wrong
  • 3
    14.5
    Correct
    Wrong
  • 4
    13.5
    Correct
    Wrong
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Answer : 2. "12.5"

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