Profit and Loss Practice Question and Answer

Q:

Ratio of CP and SP is 12:13, then the profit percent is?

1180 0

  • 1
    8.33%
    Correct
    Wrong
  • 2
    12.5%
    Correct
    Wrong
  • 3
    7.82%
    Correct
    Wrong
  • 4
    9.4%
    Correct
    Wrong
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Answer : 1. "8.33%"

Q:

A man has 60 pens. He sells some of these at a profit of 12 % and the rest at 8 % loss. On the whole, he gets a profit 11 %. How many pens were sold at 12 % profit.

1169 1

  • 1
    47
    Correct
    Wrong
  • 2
    52
    Correct
    Wrong
  • 3
    55
    Correct
    Wrong
  • 4
    57
    Correct
    Wrong
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Answer : 4. "57"

Q:

A man buys 12 articles for Rs. 12 /- and sells them at the rate of Rs.1.25 per article. His gain percentage is: 

1162 0

  • 1
    20
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    18
    Correct
    Wrong
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Answer : 2. "25 "

Q:

A trade buys 800 kgs of tomatoes for Rs 7200.  10% tomatoes are damaged in transportation. At what rate (Rs / kg) should he sell the rest earn 30 % profit? 

1157 0

  • 1
    10
    Correct
    Wrong
  • 2
    12
    Correct
    Wrong
  • 3
    9
    Correct
    Wrong
  • 4
    13
    Correct
    Wrong
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Answer : 4. "13 "

Q:

The cost price of item B is Rs. 150/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?

1150 1

  • 1
    Rs. 450/-
    Correct
    Wrong
  • 2
    Rs. 420/-
    Correct
    Wrong
  • 3
    Rs. 400/-
    Correct
    Wrong
  • 4
    Rs. 350/-
    Correct
    Wrong
  • 5
    Rs. 480/-
    Correct
    Wrong
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Answer : 1. "Rs. 450/-"

Q:

The cost price of two items P and Q are equal. If item P sold at 40% profit and item Q sold at 20% less than the selling price of item P, then the total profit is ?

1148 0

  • 1
    ₹ 600
    Correct
    Wrong
  • 2
    ₹ 500
    Correct
    Wrong
  • 3
    ₹ 660
    Correct
    Wrong
  • 4
    ₹ 550
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "₹ 500"

Q:

By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%? 

1146 0

  • 1
    Rs . 910
    Correct
    Wrong
  • 2
    Rs . 1200
    Correct
    Wrong
  • 3
    Rs . 1232
    Correct
    Wrong
  • 4
    Rs . 1300
    Correct
    Wrong
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Answer : 4. "Rs . 1300 "

Q:

A sells to B an iron box at 10% profit. B sells it to C for 20% profit. If C pays Rs. 528 then then the cost price of A is

1141 0

  • 1
    400
    Correct
    Wrong
  • 2
    508
    Correct
    Wrong
  • 3
    500
    Correct
    Wrong
  • 4
    498
    Correct
    Wrong
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Answer : 1. "400"

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