Profit and Loss Questions Practice Question and Answer

Q:

A wholesaler purchased 7 hair clips for a rupee. How many for a rupee must he sell to get profit of 40%?

987 0

  • 1
    6
    Correct
    Wrong
  • 2
    5
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    3
    Correct
    Wrong
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Answer : 2. "5"

Q:

If the cost of 1 dozen apples is Rs. 18, then the cost of 25 apples will be -

982 0

  • 1
    Rs. 35.00
    Correct
    Wrong
  • 2
    Rs. 25.00
    Correct
    Wrong
  • 3
    Rs. 36.50
    Correct
    Wrong
  • 4
    Rs. 37.50
    Correct
    Wrong
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Answer : 4. "Rs. 37.50 "

Q:

A seller gives 15% discount on an item, if he marked up the price of item 40% above C.P and while selling he cheats the buyer by giving 10% less in weight. Find this overall profit percent (approximately).

982 0

  • 1
    32%
    Correct
    Wrong
  • 2
    69%
    Correct
    Wrong
  • 3
    45%
    Correct
    Wrong
  • 4
    89%
    Correct
    Wrong
  • 5
    97%
    Correct
    Wrong
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Answer : 1. "32%"

Q:

A person sold a horse with a profit of 15 percent. If he had bought it for 25 percent less and sold it for less than 60 rupees, he would have gained 32 percent. The purchase price of the horse was.

980 0

  • 1
    Rs.370
    Correct
    Wrong
  • 2
    Rs.372
    Correct
    Wrong
  • 3
    Rs.375
    Correct
    Wrong
  • 4
    Rs.378
    Correct
    Wrong
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Answer : 3. "Rs.375"

Q:

A shopkeeper gains 20 percent by giving a discount of 10 percent of the marked price of a toy. If he had given a discount of 20 percent, then what would be his profit percentage?

979 0

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

Q:

The selling price of the product was equal to 50% of its cost price. Two gradual discounts were offered on the product. If the first discount was 20%, then what was the second discount?

976 0

  • 1
    30 %
    Correct
    Wrong
  • 2
    37.5 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    33.33 %
    Correct
    Wrong
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Answer : 2. "37.5 %"

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 amount of discount given?

973 0

  • 1
    Rs 319.6
    Correct
    Wrong
  • 2
    Rs 303.6
    Correct
    Wrong
  • 3
    Rs 306.3
    Correct
    Wrong
  • 4
    Rs 313.6
    Correct
    Wrong
  • 5
    Rs 316.9
    Correct
    Wrong
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Answer : 4. "Rs 313.6"

Q:

On selling an article for Rs.240, a trader loss of 10%.In order to gain 10%, he must sell that article for -

966 0

  • 1
    Rs.267.50
    Correct
    Wrong
  • 2
    Rs.290.80
    Correct
    Wrong
  • 3
    Rs.293.32
    Correct
    Wrong
  • 4
    Rs.296.84
    Correct
    Wrong
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Answer : 3. "Rs.293.32"

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