Profit and Loss Questions Practice Question and Answer

Q:

A salesman expects a gain of 13% on his cost price. If in a month his sale was ₹ 7,91,000, what was his profit ? 

586 0

  • 1
    ₹ 91,000
    Correct
    Wrong
  • 2
    ₹ 97,786
    Correct
    Wrong
  • 3
    ₹ 85,659
    Correct
    Wrong
  • 4
    ₹ 88,300
    Correct
    Wrong
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Answer : 1. "₹ 91,000 "
Explanation :

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?

583 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:

On selling an article for ₹651, there is a loss of 7%. The cost price of that article is

581 0

  • 1
    ₹793
    Correct
    Wrong
  • 2
    ₹700
    Correct
    Wrong
  • 3
    ₹744
    Correct
    Wrong
  • 4
    ₹751
    Correct
    Wrong
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Answer : 2. "₹700"
Explanation :

Q:

By selling an article at 2/3 of the Marked price, there is a loss of 10%. The profit percent when the article is sold at the Marked prices

577 0

  • 1
    20%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    35%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
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Answer : 3. "35%"

Q:

A shopkeeper bought 80 pens in Rs. 400. He sold 40 pens at 60% profit and sold the remaining pens at 20% profit. If he had sold all the pens at a 15% profit, how much less profit would he have made?

575 0

  • 1
    Rs. 65
    Correct
    Wrong
  • 2
    Rs. 80
    Correct
    Wrong
  • 3
    Rs. 100
    Correct
    Wrong
  • 4
    Rs. 120
    Correct
    Wrong
  • 5
    Rs. 150
    Correct
    Wrong
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Answer : 3. "Rs. 100"

Q:

If the loss is 20%, by what fraction should the selling price be multiplied to get the cost price?

574 0

  • 1
    4/5
    Correct
    Wrong
  • 2
    8/5
    Correct
    Wrong
  • 3
    5/4
    Correct
    Wrong
  • 4
    6/5
    Correct
    Wrong
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Answer : 3. "5/4"

Q:

If books bought at prices from ₹150 to ₹ 300 are sold at prices ranging from ₹ 250 to  ₹350, what is the greatest possible profit that might be made in selling 15 books ?

573 0

  • 1
    ₹ 750
    Correct
    Wrong
  • 2
    ₹ 4,250
    Correct
    Wrong
  • 3
    ₹ 3,000
    Correct
    Wrong
  • 4
    Cannot be determined
    Correct
    Wrong
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Answer : 3. "₹ 3,000"
Explanation :

Q:

A woman buys a watch for Rs. 4,000 and sells it at a loss of 13%. What is the selling price of the watch?

572 0

  • 1
    Rs.3,480
    Correct
    Wrong
  • 2
    Rs.3,500
    Correct
    Wrong
  • 3
    Rs.3,840
    Correct
    Wrong
  • 4
    Rs.3,620
    Correct
    Wrong
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Answer : 1. "Rs.3,480"

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