Profit and Loss Practice Question and Answer

Q:

A man sells two chairs at Rs. 120 each and by doing so he gains 25% on one chair and loses 25% on the other. His loss on the whole in Rs.is

1109 0

  • 1
    20
    Correct
    Wrong
  • 2
    16
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    30
    Correct
    Wrong
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Answer : 2. "16"

Q:

The selling price of the product was equal to 50% of its cost price. Two gradual discounts were offered on the product. If the first discount was 20%, then what was the second discount?

871 0

  • 1
    30 %
    Correct
    Wrong
  • 2
    37.5 %
    Correct
    Wrong
  • 3
    25 %
    Correct
    Wrong
  • 4
    33.33 %
    Correct
    Wrong
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Answer : 2. "37.5 %"

Q:

A scooter was purchased for Rs 30,000 and Rs 3,000 was spent to repair it. It was sold for Rs 39,600. What was the profit percentage?

1134 0

  • 1
    15
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 2. "20"

Q:

The cost price of 10 articles is equal to the selling price of 9 articles. Find the profit percent.

992 0

  • 1
    $$ {9}{1\over 11}\%$$
    Correct
    Wrong
  • 2
    $$ {10}{1\over 11}\%$$
    Correct
    Wrong
  • 3
    $$ {11}{1\over 9}\%$$
    Correct
    Wrong
  • 4
    $$ {12}{1\over 0}\%$$
    Correct
    Wrong
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Answer : 3. "$$ {11}{1\over 9}\%$$"

Q:

A shopkeeper sells a watch set on discount of 8% of printed price and gain 25 %. If marked price was Rs. 20,000 then, what was the cost price?

962 1

  • 1
    Rs. 13,800
    Correct
    Wrong
  • 2
    Rs. 14,720
    Correct
    Wrong
  • 3
    Rs. 14, 800
    Correct
    Wrong
  • 4
    Rs. 13, 720
    Correct
    Wrong
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Answer : 2. "Rs. 14,720"

Q:

A sells a good to B at a profit of 20% and B sells it to C at a profit of 25%. If  C pays Rs. 225 for it, what was the cost price of A?

879 0

  • 1
    Rs. 100
    Correct
    Wrong
  • 2
    Rs. 125
    Correct
    Wrong
  • 3
    Rs. 150
    Correct
    Wrong
  • 4
    Rs. 175
    Correct
    Wrong
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Answer : 3. "Rs. 150"

Q:

A man sells a table at 12 % loss and a book at 19% profit then he earns Rs. 160 as profit. But if he sells the table at 12 % profit and the book at 16% loss then he bears a loss of Rs. 40. Find the price of one book?

3746 0

  • 1
    Rs. 4200
    Correct
    Wrong
  • 2
    Rs. 4100
    Correct
    Wrong
  • 3
    Rs. 4300
    Correct
    Wrong
  • 4
    Rs. 4000
    Correct
    Wrong
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Answer : 4. "Rs. 4000"

Q:

A person bought two watches for Rs. 480. He sold one at a loss of 15% and the other at a profit of 19% and he found that each watch was sold at the same price. Find the cost price of the two watches.

4894 1

  • 1
    Rs. 280, Rs. 200
    Correct
    Wrong
  • 2
    Rs. 250, Rs. 280
    Correct
    Wrong
  • 3
    Rs. 380, Rs. 300
    Correct
    Wrong
  • 4
    Rs. 350, Rs. 450
    Correct
    Wrong
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Answer : 1. "Rs. 280, Rs. 200"

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