Profit and Loss Questions Practice Question and Answer

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?

1161 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:

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

1159 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:

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

1150 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 person has 12 bananas for Rs 24. Sell in So he got the benefit of 25 percent. How many bananas he buy in Rs. 40?

1126 0

  • 1
    30
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    40
    Correct
    Wrong
  • 4
    45
    Correct
    Wrong
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Answer : 2. "25"

Q:

If Cost price of an article is Rs.220 and profit is 20 %, then what will be the selling price of the article?

1122 0

  • 1
    Rs. 264
    Correct
    Wrong
  • 2
    Rs. 216
    Correct
    Wrong
  • 3
    Rs. 176
    Correct
    Wrong
  • 4
    Rs. 256
    Correct
    Wrong
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Answer : 1. "Rs. 264"

Q:

An article is sold at a profit of 20% of its cost price. If cost price and selling price reduces by Rs 10 and Rs. 5 respectively, then the percentage profit increased to 30%. Find the cost price?

1110 0

  • 1
    Rs. 80
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 75
    Correct
    Wrong
  • 4
    Rs. 60
    Correct
    Wrong
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Answer : 1. "Rs. 80"

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 

1108 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"

Q:

A man gain 15% by selling a calculator for a certain price. If he sells it at the triple price, then what will be the profit percentage?

1102 0

  • 1
    125
    Correct
    Wrong
  • 2
    175
    Correct
    Wrong
  • 3
    225
    Correct
    Wrong
  • 4
    245
    Correct
    Wrong
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Answer : 4. "245"

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