Profit and Loss Practice Question and Answer

Q: A shopkeeper earns a profit equal to the cost price of 15 meter by selling 45 meter cloth. Find the profit percent? 1878 0

  • 1
    33%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    $$ 33 {1 \over 3} $$
    Correct
    Wrong
  • 4
    55%
    Correct
    Wrong
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Answer : 3. "$$ 33 {1 \over 3} $$"

Q: A machine was sold at 10% Profit had it been sold for Rs 80 less the seller would have incurred 10% loss. What is cost price of Machine? 3203 2

  • 1
    350
    Correct
    Wrong
  • 2
    400
    Correct
    Wrong
  • 3
    450
    Correct
    Wrong
  • 4
    520
    Correct
    Wrong
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Answer : 2. "400"

Q: A dishonest dealer professes to sell his good at cost price, but he uses a weight of 800 gm. For one kg. Find his gain percent? 1849 0

  • 1
    20
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    40
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 2. "25"

Q: A person buys oranges 8 for Rs 5 and sells them at 5 Rs 8. Find the profit or loss percentage in the whole transaction. 3615 0

  • 1
    100% Profit
    Correct
    Wrong
  • 2
    150% Loss
    Correct
    Wrong
  • 3
    146% Profit
    Correct
    Wrong
  • 4
    156% Profit
    Correct
    Wrong
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Answer : 4. "156% Profit"

Q: On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is ? 1611 0

  • 1
    Rs. 55
    Correct
    Wrong
  • 2
    Rs. 60
    Correct
    Wrong
  • 3
    Rs. 65
    Correct
    Wrong
  • 4
    Rs. 70
    Correct
    Wrong
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Answer : 2. "Rs. 60"
Explanation :

Answer: B) Rs. 60 Explanation: Let the cost price of a ball is Rs.xGiven, on selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 ballsThe equation is :17x - 720 = 5xSolving the equation we get x = 60Therefore, cost price of a ball is Rs. 60.

Q: A watch sold for Rs.1440 at 10 % loss, at what price it should be sold so as to earn 15% profit. 3692 0

  • 1
    1820
    Correct
    Wrong
  • 2
    1830
    Correct
    Wrong
  • 3
    1840
    Correct
    Wrong
  • 4
    1850
    Correct
    Wrong
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Answer : 3. "1840"

Q: Pratap bought a radio at a discount of 25% on the real price. He got 40 Rs more, when he sold it at 140 percent of the cost price. Find the the price at which Pratap bought the radio? 3452 0

  • 1
    800
    Correct
    Wrong
  • 2
    700
    Correct
    Wrong
  • 3
    900
    Correct
    Wrong
  • 4
    600
    Correct
    Wrong
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Answer : 4. "600"

Q: A fruit seller buys lemons two for Rs 1 and sells at 5 for Rs 3 rate. Find his profit percent. 1357 0

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

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