Profit and Loss Practice Question and Answer

Q:

The cost price of a radio is₹  600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be

663 0

  • 1
    ₹ 704.50
    Correct
    Wrong
  • 2
    ₹ 724.50
    Correct
    Wrong
  • 3
    ₹ 664.50
    Correct
    Wrong
  • 4
    ₹ 684.50
    Correct
    Wrong
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Answer : 2. "₹ 724.50 "
Explanation :

Q:

A wholesaler purchased 7 hair clips for a rupee. How many for a rupee must he sell to get profit of 40%?

654 0

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

Q:

A cycle seller gives 10% discount on marked retail price and still earns 26% profit. If marked retail price of the cycle is Rs. 840/- Then how much money was paid by the seller for that cycle?

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  • 1
    ₹ 600/-
    Correct
    Wrong
  • 2
    ₹ 650/-
    Correct
    Wrong
  • 3
    ₹ 700/-
    Correct
    Wrong
  • 4
    ₹ 750/-
    Correct
    Wrong
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Answer : 1. "₹ 600/-"

Q:

A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?

640 0

  • 1
    12%
    Correct
    Wrong
  • 2
    14%
    Correct
    Wrong
  • 3
    15%
    Correct
    Wrong
  • 4
    18%
    Correct
    Wrong
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Answer : 2. "14%"

Q:

A radio is sold for Rs.900 at 10% profit. If it had been sold for Rs 890, what would have been the actual profit or loss?

627 0

  • 1
    profit of Rs.10
    Correct
    Wrong
  • 2
    profit of Rs.90
    Correct
    Wrong
  • 3
    profit of Rs.90
    Correct
    Wrong
  • 4
    a loss of Rs 10
    Correct
    Wrong
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Answer : 4. "a loss of Rs 10"

Q:

Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at ₹ 30 less, but still she gained 20%. The cost price of watch is

623 0

  • 1
    ₹ 250
    Correct
    Wrong
  • 2
    ₹ 225
    Correct
    Wrong
  • 3
    ₹ 240
    Correct
    Wrong
  • 4
    ₹ 220
    Correct
    Wrong
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Answer : 1. "₹ 250 "
Explanation :

Q:

The value of a mobile phone depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 6561/-, its purchase price was.

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  • 1
    Rs. 8100
    Correct
    Wrong
  • 2
    Rs. 9000
    Correct
    Wrong
  • 3
    Rs. 9100
    Correct
    Wrong
  • 4
    Rs. 9729
    Correct
    Wrong
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Answer : 2. "Rs. 9000 "

Q:

The total cost of x pens and (x-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find x?

611 0

  • 1
    16
    Correct
    Wrong
  • 2
    18
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    20
    Correct
    Wrong
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Answer : 2. "18 "

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