Profit and Loss Questions Practice Question and Answer

Q:

Answer the following questions

Lokesh sold two items at same price. One of them was sold at a profit of 10% and the other at the loss of 10%. What is the net result of entire transaction?

478 0

  • 1
    1% loss
    Correct
    Wrong
  • 2
    2% profit
    Correct
    Wrong
  • 3
    1% profit
    Correct
    Wrong
  • 4
    2% loss
    Correct
    Wrong
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Answer : 1. "1% loss "

Q:

The cost price of 27 articles is the same as the selling price of 18 articles. What is the gain percentage?

464 0

  • 1
    50%
    Correct
    Wrong
  • 2
    60%
    Correct
    Wrong
  • 3
    90%
    Correct
    Wrong
  • 4
    80 %
    Correct
    Wrong
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Answer : 1. "50% "

Q:

A wateh dealer pays 10% customs duty on a watch which costs Rs. 500 abroad. He de- sires to make a profit of 20% after giving a discount of 25% to the buyer. The marked price should be

462 0

  • 1
    Rs. 950
    Correct
    Wrong
  • 2
    Rs. 800
    Correct
    Wrong
  • 3
    Rs. 880
    Correct
    Wrong
  • 4
    Rs. 660
    Correct
    Wrong
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Answer : 3. "Rs. 880 "

Q:

The ratio of the cost price and selling price of an article is 10 : 11. The gain per cent is:

447 0

  • 1
    5%
    Correct
    Wrong
  • 2
    15%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 3. "10%"

Q:

The marked price of an article is 40% above its cost price. If its selling price is of the marked price, then the profit percentage is

443 0

  • 1
    2.4%
    Correct
    Wrong
  • 2
    2.9%
    Correct
    Wrong
  • 3
    3.1%
    Correct
    Wrong
  • 4
    2.7%
    Correct
    Wrong
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Answer : 2. "2.9%"

Q:

While selling a watch, a shop- keeper gives a discount of 5%. If he gives a discount of 7%, he earns ₹15 less as profit. The marked price of the watch is 

439 0

  • 1
    ₹ 697.5
    Correct
    Wrong
  • 2
    ₹ 712.5
    Correct
    Wrong
  • 3
    ₹ 750
    Correct
    Wrong
  • 4
    None of these
    Correct
    Wrong
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Answer : 3. "₹ 750 "

Q:

4% of the selling price of an article is equal to 5% of its cost price. Again 20% of the selling price is Rs. 120 more than 22% of its cost price. The ratio of cost price & selling price is 

431 0

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

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