Profit and Loss Questions Practice Question and Answer

Q:

An article is sold at a loss of 20 %. It yields Rs. 60 more when it is sold at a gain of 20 %. The cost price of the article is 

2221 0

  • 1
    Rs. 200
    Correct
    Wrong
  • 2
    Rs. 150
    Correct
    Wrong
  • 3
    Rs. 140
    Correct
    Wrong
  • 4
    Rs. 120
    Correct
    Wrong
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Answer : 2. "Rs. 150 "

Q:

A shopkeeper had 2000 kgs of rice. He sold a part of it at 11% profit and the rest at 17% profit, so that he made a total profit 15.2%. How much rice (in kgs) did he sell at 17% profit?

1255 0

  • 1
    600
    Correct
    Wrong
  • 2
    1400
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    1200
    Correct
    Wrong
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Answer : 2. "1400"

Q:

By selling a pen for Rs 105 there is a loss of 30%. At what price (in Rs) the pen must be sold in order to gain 30%?

1674 0

  • 1
    215
    Correct
    Wrong
  • 2
    165
    Correct
    Wrong
  • 3
    195
    Correct
    Wrong
  • 4
    200
    Correct
    Wrong
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Answer : 3. "195"

Q:

A trader had 2000 kgs of rice. He sold a part of it at 10 % profit and the rest at 16 % profit so that he made a total profit of 14.2%. How much rice (in kg) did he sell at 10 % profit? 

1311 0

  • 1
    1400
    Correct
    Wrong
  • 2
    600
    Correct
    Wrong
  • 3
    800
    Correct
    Wrong
  • 4
    1000
    Correct
    Wrong
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Answer : 2. "600"

Q:

An oil refinery buys oil at Rs 3600 per barrel. There is 10 % wastage. If the refinery wants to earn 5% profit then at what price should it sell including 8 % tax on selling price? (in Rs per barrel) 

6802 0

  • 1
    3674
    Correct
    Wrong
  • 2
    3711
    Correct
    Wrong
  • 3
    4219
    Correct
    Wrong
  • 4
    4536
    Correct
    Wrong
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Answer : 4. "4536"

Q:

A used car dealer sells a car for Rs 7.6 lakhs and makes some loss. If he had sold if for Rs.9.2 lakhs his profit would been thrice of his loss. What was the cost price of the car (in Rs. Lakhs)? 

2813 0

  • 1
    8.5
    Correct
    Wrong
  • 2
    8.75
    Correct
    Wrong
  • 3
    8.25
    Correct
    Wrong
  • 4
    8
    Correct
    Wrong
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Answer : 4. "8"

Q:

A trader bought 10 kg of apples for Rs. 405 out of which 1 kg of apples were found to be rotten. If he wishes to make a profit of 10 % at what rate should he sell the remaining apples per kg? 

1809 0

  • 1
    49.5
    Correct
    Wrong
  • 2
    48
    Correct
    Wrong
  • 3
    46
    Correct
    Wrong
  • 4
    47
    Correct
    Wrong
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Answer : 1. " 49.5 "

Q:

If a man estimates his loss as 20% of the selling price, then his loss percent is:

1492 0

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

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