Profit and Loss Practice Question and Answer

Q:

When a mobile is sold at 6 percent profit, it gets Rs. 870 more than it is sold at 6 percent loss. So what is the purchase price of mobile?

902 0

  • 1
    7250
    Correct
    Wrong
  • 2
    7266
    Correct
    Wrong
  • 3
    7217
    Correct
    Wrong
  • 4
    7243
    Correct
    Wrong
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Answer : 1. "7250"

Q:

Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?

896 0

  • 1
    ₹ 2,000
    Correct
    Wrong
  • 2
    ₹ 2,450
    Correct
    Wrong
  • 3
    ₹ 1,900
    Correct
    Wrong
  • 4
    ₹ 2,200
    Correct
    Wrong
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Answer : 4. "₹ 2,200"

Q:

A and B invested 1/2 and 1/3 of the total capital respectively, the remaining part C invested. If there is a profit of Rs. 9696 at the end of the year, then what is the profit of B?

890 0

  • 1
    4848
    Correct
    Wrong
  • 2
    3232
    Correct
    Wrong
  • 3
    1616
    Correct
    Wrong
  • 4
    2424
    Correct
    Wrong
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Answer : 2. "3232"

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: 

887 0

  • 1
    Rs. 60
    Correct
    Wrong
  • 2
    Rs. 55
    Correct
    Wrong
  • 3
    Rs. 45
    Correct
    Wrong
  • 4
    Rs. 50
    Correct
    Wrong
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Answer : 1. "Rs. 60 "

Q:

A fruit merchant makes a profit of 25% by selling mangoes at a certain price. If he charges Re. 1 more on each mango, he would gain 50%. At first the price of one mango was

879 0

  • 1
    Rs. 4
    Correct
    Wrong
  • 2
    Rs. 6
    Correct
    Wrong
  • 3
    Rs. 5
    Correct
    Wrong
  • 4
    Rs. 7
    Correct
    Wrong
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Answer : 3. "Rs. 5 "
Explanation :

Q:

The cash difference between the selling price of an article at a profit of 8 % and 12 % is Rs 3. The ratio of two selling prices is:

876 0

  • 1
    27 : 31
    Correct
    Wrong
  • 2
    27 : 28
    Correct
    Wrong
  • 3
    27 : 29
    Correct
    Wrong
  • 4
    29 : 31
    Correct
    Wrong
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Answer : 2. "27 : 28"

Q:

An article is sold at a gain of 16%. If it had been sold for Rs.400 more, 20% would have been gained. The cost price of the article is

876 0

  • 1
    Rs.8000
    Correct
    Wrong
  • 2
    Rs.9000
    Correct
    Wrong
  • 3
    Rs.10000
    Correct
    Wrong
  • 4
    Rs.12000
    Correct
    Wrong
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Answer : 3. "Rs.10000"

Q:

The difference between the selling prices of some articles if sold for Rs.12 per article instead of Rs.9 per article is Rs.150. If the sold price of these articles is Rs.250 then find the selling price of 21 articles if profit earned is 20%.

873 0

  • 1
    Rs.130
    Correct
    Wrong
  • 2
    Rs. 126
    Correct
    Wrong
  • 3
    Rs. 136
    Correct
    Wrong
  • 4
    Rs. 125
    Correct
    Wrong
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Answer : 2. "Rs. 126"

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