Profit and Loss Practice Question and Answer

Q: A watch sold for Rs.1440 at 10 % loss, at what price it should be sold so as to earn 15% profit. 3693 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: 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. 3617 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:

13 articles were bought for Rs. 5980 and sold for Rs 6656. How much was the approximate profit percentage per article?

3456 0

  • 1
    15 %
    Correct
    Wrong
  • 2
    11%
    Correct
    Wrong
  • 3
    9%
    Correct
    Wrong
  • 4
    19%
    Correct
    Wrong
  • 5
    13 %
    Correct
    Wrong
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Answer : 2. "11%"

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? 3453 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:

Anoop sells a book to Mayank at a profit of 20% and Mayank sells this book to Siddharth at a profit of 25%. Now Siddharth sells this book at a loss of 10% to Shishir. At what percentage loss should Shishir sells this book now so that his SP becomes equal to Anoop’s CP?

3304 0

  • 1
    36.68%
    Correct
    Wrong
  • 2
    25.92%
    Correct
    Wrong
  • 3
    48.66%
    Correct
    Wrong
  • 4
    16.46%
    Correct
    Wrong
  • 5
    Cannot be determined/
    Correct
    Wrong
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Answer : 2. "25.92%"

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? 3204 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: The marked price of a certain object is Rs 10,000. Shopkeeper gives three consecutive discounts of 10%, 20%, 30%. Find the selling price of the object. 2998 1

  • 1
    Rs 6000
    Correct
    Wrong
  • 2
    Rs 6340
    Correct
    Wrong
  • 3
    Rs 5040
    Correct
    Wrong
  • 4
    Rs 7000
    Correct
    Wrong
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Answer : 3. "Rs 5040 "

Q:

A used car dealer sells a car for Rs 7.6 lakhs and makes some loss. If he had sold if for Rs.9.2 lakhs his profit would been thrice of his loss. What was the cost price of the car (in Rs. Lakhs)? 

2812 0

  • 1
    8.5
    Correct
    Wrong
  • 2
    8.75
    Correct
    Wrong
  • 3
    8.25
    Correct
    Wrong
  • 4
    8
    Correct
    Wrong
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Answer : 4. "8"

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