Profit and Loss Questions Practice Question and Answer

Q:

The marked price of a table fan is ₹3,750 and is available to the retailer at a discount of 20%. At what price should the retailer sell it to earn a profit of 15%?

1050 0

  • 1
    ₹3,450
    Correct
    Wrong
  • 2
    ₹3,350
    Correct
    Wrong
  • 3
    ₹3,300
    Correct
    Wrong
  • 4
    ₹3,400
    Correct
    Wrong
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Answer : 1. "₹3,450"

Q:

A trader makes a profit equal to the selling price of 75 articles when he sold 100 of the articles . What % profit did he make in the transaction?

1050 0

  • 1
    300%
    Correct
    Wrong
  • 2
    150%
    Correct
    Wrong
  • 3
    33.33%
    Correct
    Wrong
  • 4
    75%
    Correct
    Wrong
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Answer : 1. "300% "

Q:

Arun purchased 30 kg. of rice at the rate of Rs. 17.50 per kg. and another Rs. 30 kg. at a certain rate. He mixed the two and sold the entire quantity at the rate Rs. 18.60 per kg. and made 20% overall profit. At what price per kg. did he pruchase the lot of another 30 kg. rice?

1042 0

  • 1
    Rs.11.50
    Correct
    Wrong
  • 2
    Rs.12.00
    Correct
    Wrong
  • 3
    Rs.14.50
    Correct
    Wrong
  • 4
    Rs.13.50
    Correct
    Wrong
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Answer : 4. "Rs.13.50"

Q:

Cost of 8 pencils, 5 pens and 3 erasers is Rs.111. Cost of 9 pencils, 6 pens and 5 erasers is Rs.130. Cost of 16 pencils, 11 pens and 3 erases is Rs. 221 What is the Cost (in Rs) of 39 pencil , 26 pens and 13 erasers ?

1039 0

  • 1
    316
    Correct
    Wrong
  • 2
    624
    Correct
    Wrong
  • 3
    546
    Correct
    Wrong
  • 4
    482
    Correct
    Wrong
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Answer : 3. "546"

Q:

If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__

1038 0

  • 1
    Rs. 1,200
    Correct
    Wrong
  • 2
    Rs. 1,000
    Correct
    Wrong
  • 3
    Rs. 960
    Correct
    Wrong
  • 4
    Rs. 900
    Correct
    Wrong
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Answer : 1. "Rs. 1,200"

Q:

Vinayak bought an item and sold it at a loss of 5%. If he had bought it for 10% less and sold it for Rs.390 more, he would have had a profit of 20%, find the cost price of item.

1035 0

  • 1
    Rs. 3300
    Correct
    Wrong
  • 2
    Rs. 3600
    Correct
    Wrong
  • 3
    Rs. 3200
    Correct
    Wrong
  • 4
    Rs. 3000
    Correct
    Wrong
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Answer : 4. "Rs. 3000"

Q:

Kuldeep sells an article for ₹ 3240 and earns a profit of 20%. What is the cost price of the article?

1018 0

  • 1
    ₹ 2750
    Correct
    Wrong
  • 2
    ₹ 2700
    Correct
    Wrong
  • 3
    ₹ 2800
    Correct
    Wrong
  • 4
    ₹ 2820
    Correct
    Wrong
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Answer : 2. "₹ 2700"

Q:

A & B jointly made a profit of Rs. 1650 and they decided to share it such that 1/3 of A's profit is equal to 2/5 of B's profit. Then profit of B is 

1011 0

  • 1
    Rs. 850
    Correct
    Wrong
  • 2
    Rs. 800
    Correct
    Wrong
  • 3
    Rs. 700
    Correct
    Wrong
  • 4
    Rs. 750
    Correct
    Wrong
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Answer : 4. "Rs. 750"

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