Profit and Loss Practice Question and Answer

Q:

A mobile plan costs Rs. 32 for 6 minutes. What is the approximate cost, in rupees, for 4 minutes?

861 0

  • 1
    21.30
    Correct
    Wrong
  • 2
    21.20
    Correct
    Wrong
  • 3
    21.50
    Correct
    Wrong
  • 4
    21.40
    Correct
    Wrong
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Answer : 1. "21.30"

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was amount of discount given?

851 0

  • 1
    Rs 319.6
    Correct
    Wrong
  • 2
    Rs 303.6
    Correct
    Wrong
  • 3
    Rs 306.3
    Correct
    Wrong
  • 4
    Rs 313.6
    Correct
    Wrong
  • 5
    Rs 316.9
    Correct
    Wrong
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Answer : 4. "Rs 313.6"

Q:

A shopkeeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain , in percentage is:

850 0

  • 1
    22
    Correct
    Wrong
  • 2
    21
    Correct
    Wrong
  • 3
    23
    Correct
    Wrong
  • 4
    24
    Correct
    Wrong
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Answer : 3. "23"

Q:

By selling 90 chocolates for Rs. 160, a chocolate trader loses 20%. How many chocolates should he sell for Rs. 96 to make a profit of 20%?

850 0

  • 1
    45
    Correct
    Wrong
  • 2
    36
    Correct
    Wrong
  • 3
    54
    Correct
    Wrong
  • 4
    28
    Correct
    Wrong
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Answer : 2. "36"

Q:

A manufacturer fixes his selling price at $$33{1\over3}\% $$ over the cost of production. If the cost of production goes up by 12 % and manufacturer raises his selling price by 10%, his percentage profit is 

846 0

  • 1
    35%
    Correct
    Wrong
  • 2
    $$28{3\over8}\%$$
    Correct
    Wrong
  • 3
    $$36{5\over9}\%$$
    Correct
    Wrong
  • 4
    $$30{20\over21}\%$$
    Correct
    Wrong
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Answer : 4. "$$30{20\over21}\%$$"

Q:

The profit on selling an article for Rs.1,100 is equal to three times the amount of loss on selling it for Rs.700. To gain 12.5%, the article must be sold for:

840 0

  • 1
    Rs.956
    Correct
    Wrong
  • 2
    Rs.877.50
    Correct
    Wrong
  • 3
    Rs.787.50
    Correct
    Wrong
  • 4
    Rs.900
    Correct
    Wrong
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Answer : 4. "Rs.900"

Q:

Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.

What was the percent profit on the transaction?

839 0

  • 1
    6.8%
    Correct
    Wrong
  • 2
    6.3%
    Correct
    Wrong
  • 3
    6.4 %
    Correct
    Wrong
  • 4
    6.6 %
    Correct
    Wrong
  • 5
    6.2%
    Correct
    Wrong
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Answer : 3. "6.4 %"

Q:

An article is sold at a profit of 25 %. If the selling price is doubled, the profit % will be: 

838 0

  • 1
    100%
    Correct
    Wrong
  • 2
    50%
    Correct
    Wrong
  • 3
    200%
    Correct
    Wrong
  • 4
    150%
    Correct
    Wrong
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Answer : 4. "150% "

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