Profit and Loss Questions Practice Question and Answer

Q:

A men sells his cycle at 6% profit. Had he sold it at 15% profit, he would have received 180 Rs. More. What is the cost price of the cycle?

1041 0

  • 1
    Rs 1000
    Correct
    Wrong
  • 2
    Rs 1200
    Correct
    Wrong
  • 3
    Rs 1500
    Correct
    Wrong
  • 4
    Rs 2000
    Correct
    Wrong
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Answer : 4. "Rs 2000"

Q:

If a shopkeeper increases the selling price of an article by 10% and gets a profit of 37.5% on its cost price. If he increases the selling price by 25% above on old selling price then he gets a profit of ₹ 225 on his cost price. Find the cost price of the article?

1036 0

  • 1
    ₹ 365
    Correct
    Wrong
  • 2
    ₹ 320
    Correct
    Wrong
  • 3
    ₹ 420
    Correct
    Wrong
  • 4
    ₹ 400
    Correct
    Wrong
  • 5
    ₹ 510
    Correct
    Wrong
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Answer : 4. "₹ 400"

Q:

A man sells an article at 5 % above its cost price. If he had bought it at 5 % less than what he had paid for it and sold it at Rs. 2 less, he would have gained 10 %. The cost price of the article is 

1029 0

  • 1
    Rs. 400
    Correct
    Wrong
  • 2
    Rs. 100
    Correct
    Wrong
  • 3
    Rs. 200
    Correct
    Wrong
  • 4
    Rs. 300
    Correct
    Wrong
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Answer : 1. "Rs. 400"

Q:

A merchant loses 10% by selling an article. If the cost price of the article is ₹ 15, then the selling price of the article is 

1026 0

  • 1
    ₹ 12.30
    Correct
    Wrong
  • 2
    ₹ 13.50
    Correct
    Wrong
  • 3
    ₹ 13.20
    Correct
    Wrong
  • 4
    ₹ 16.50
    Correct
    Wrong
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Answer : 2. "₹ 13.50"
Explanation :

Q:

The difference between the selling prices of some articles if sold for Rs.12 per article instead of Rs.9 per article is Rs.150. If the sold price of these articles is Rs.250 then find the selling price of 21 articles if profit earned is 20%.

1026 0

  • 1
    Rs.130
    Correct
    Wrong
  • 2
    Rs. 126
    Correct
    Wrong
  • 3
    Rs. 136
    Correct
    Wrong
  • 4
    Rs. 125
    Correct
    Wrong
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Answer : 2. "Rs. 126"

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: 

1025 0

  • 1
    Rs. 60
    Correct
    Wrong
  • 2
    Rs. 55
    Correct
    Wrong
  • 3
    Rs. 45
    Correct
    Wrong
  • 4
    Rs. 50
    Correct
    Wrong
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Answer : 1. "Rs. 60 "

Q:

If the ratio of cost price and selling price is 5 : 4, then the loss percentage is-

1023 1

  • 1
    20 %
    Correct
    Wrong
  • 2
    25 %
    Correct
    Wrong
  • 3
    40 %
    Correct
    Wrong
  • 4
    50 %
    Correct
    Wrong
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Answer : 1. "20 % "

Q:

The value of a mobile phone depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 6561/-, its purchase price was.

1020 0

  • 1
    Rs. 8100
    Correct
    Wrong
  • 2
    Rs. 9000
    Correct
    Wrong
  • 3
    Rs. 9100
    Correct
    Wrong
  • 4
    Rs. 9729
    Correct
    Wrong
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Answer : 2. "Rs. 9000 "

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