Profit and Loss Practice Question and Answer

Q:

A man buys a table and a chair for 500. He sells the table at a loss of 10 % and the chair at a gain of 10 %. He still gain ₹10 on the whole. The cost price of chair in rupees is 

1556 0

  • 1
    ₹ 200
    Correct
    Wrong
  • 2
    ₹ 250
    Correct
    Wrong
  • 3
    ₹ 300
    Correct
    Wrong
  • 4
    ₹ 350
    Correct
    Wrong
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Answer : 3. "₹ 300"

Q:

Arun buys one kilogram of apples for Rs . 120 and sells it to Swati gaining 25 %. Swati sells it to Divya and Divya again sells it for Rs. 198, making a profit of 10 %. What is the profit percentage made by Swati? 

2101 0

  • 1
    25 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    16.67 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 2. "20 % "

Q:

A trader purchased a gift box for Rs. 150. What should be the marked price on the gift box so that after allowing a discount of 10 %, he makes a profit of 10 %? 

1096 0

  • 1
    Rs . 180
    Correct
    Wrong
  • 2
    Rs . 183.3
    Correct
    Wrong
  • 3
    Rs . 186.6
    Correct
    Wrong
  • 4
    Rs . 190
    Correct
    Wrong
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Answer : 2. "Rs . 183.3 "

Q:

An article is sold at 5 % profit. The ratio of selling price and cost price will be 

1084 0

  • 1
    1 : 5
    Correct
    Wrong
  • 2
    20 : 21
    Correct
    Wrong
  • 3
    21 : 20
    Correct
    Wrong
  • 4
    5 : 1
    Correct
    Wrong
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Answer : 3. "21 : 20 "

Q:

By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%? 

1147 0

  • 1
    Rs . 910
    Correct
    Wrong
  • 2
    Rs . 1200
    Correct
    Wrong
  • 3
    Rs . 1232
    Correct
    Wrong
  • 4
    Rs . 1300
    Correct
    Wrong
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Answer : 4. "Rs . 1300 "

Q:

If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be 

1070 0

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

Q:

A man purchased a bed sheet for Rs. 450 and sold it at again of 10 % calculated on the selling price. The selling price of the bedsheets was 

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  • 1
    Rs. 460
    Correct
    Wrong
  • 2
    Rs . 475
    Correct
    Wrong
  • 3
    Rs . 480
    Correct
    Wrong
  • 4
    Rs . 500
    Correct
    Wrong
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Answer : 4. "Rs . 500 "

Q:

An article is sold at a loss of 20 %. It yields Rs. 60 more when it is sold at a gain of 20 %. The cost price of the article is 

2221 0

  • 1
    Rs. 200
    Correct
    Wrong
  • 2
    Rs. 150
    Correct
    Wrong
  • 3
    Rs. 140
    Correct
    Wrong
  • 4
    Rs. 120
    Correct
    Wrong
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Answer : 2. "Rs. 150 "

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