Profit and Loss Questions Practice Question and Answer

Q:

From 2008 to 2009, the sales of a book decreased by 80%. If the sales in 2010 were the same as in 2008, by what percent did it increase from 2009 to 2010?

1117 0

  • 1
    120%
    Correct
    Wrong
  • 2
    400%
    Correct
    Wrong
  • 3
    80%
    Correct
    Wrong
  • 4
    100%
    Correct
    Wrong
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Answer : 2. "400%"

Q:

By selling 100 pencils, a shopkeeper gains the selling price of 20 pencils, His gain percent is:

906 0

  • 1
    20%
    Correct
    Wrong
  • 2
    25%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "25%"

Q:

A shopkeeper bought goods for Rs. 2025. He sold $$ {1\over 5}$$ th of it at 20% profit and the remaining at the profit of 5%, the profit per cent on the whole is

968 0

  • 1
    6%
    Correct
    Wrong
  • 2
    7%
    Correct
    Wrong
  • 3
    6.5%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 4. "8%"

Q:

A dealer bought an item at 10% discount on its original price. He sold it  at 35 % more than the original price. What percentage profit did he get?

1918 0

  • 1
    25 %
    Correct
    Wrong
  • 2
    45 %
    Correct
    Wrong
  • 3
    22.5 %
    Correct
    Wrong
  • 4
    50 %
    Correct
    Wrong
  • 5
    35 %
    Correct
    Wrong
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Answer : 4. "50 %"

Q:

Ram sells a car to Mohan at a profit of 16% and Mohan sells it to Shyam at a profit of 25%. How much profit% Ram would have got if he had sold the car directly to Shyam at the price Shyam bought it?

1656 0

  • 1
    41%
    Correct
    Wrong
  • 2
    42%
    Correct
    Wrong
  • 3
    45%
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "45%"

Q:

Anoop sells a book to Mayank at a profit of 20% and Mayank sells this book to Siddharth at a profit of 25%. Now Siddharth sells this book at a loss of 10% to Shishir. At what percentage loss should Shishir sells this book now so that his SP becomes equal to Anoop’s CP?

3304 0

  • 1
    36.68%
    Correct
    Wrong
  • 2
    25.92%
    Correct
    Wrong
  • 3
    48.66%
    Correct
    Wrong
  • 4
    16.46%
    Correct
    Wrong
  • 5
    Cannot be determined/
    Correct
    Wrong
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Answer : 2. "25.92%"

Q:

A man has 60 pens. He sells some of these at a profit of 12 % and the rest at 8 % loss. On the whole, he gets a profit 11 %. How many pens were sold at 12 % profit.

1169 1

  • 1
    47
    Correct
    Wrong
  • 2
    52
    Correct
    Wrong
  • 3
    55
    Correct
    Wrong
  • 4
    57
    Correct
    Wrong
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Answer : 4. "57"

Q:

Raghu sold an article for Rs. 180 after allowing a 20% discount on its marked price. Had he not allowed any discount, he would have gained 20%. What is the cost price of the article?

1129 0

  • 1
    187.50
    Correct
    Wrong
  • 2
    192.80
    Correct
    Wrong
  • 3
    188.60
    Correct
    Wrong
  • 4
    190.40
    Correct
    Wrong
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Answer : 1. "187.50"

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