Profit and Loss Practice Question and Answer

Q:

The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain per- cent will be

597 0

  • 1
    17 %
    Correct
    Wrong
  • 2
    20 %
    Correct
    Wrong
  • 3
    19 %
    Correct
    Wrong
  • 4
    15 %
    Correct
    Wrong
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Answer : 1. "17 %"

Q:

A pen passing through two hands is finally sold at a profit of 44% of the original cost price. If the first dealer makes a profit of 20%, then the profit made by the second dealer is:

596 0

  • 1
    24%
    Correct
    Wrong
  • 2
    36%
    Correct
    Wrong
  • 3
    20%
    Correct
    Wrong
  • 4
    27%
    Correct
    Wrong
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Answer : 3. "20%"

Q:

A shopkeeper charges his customers 15% above the cost price, if a customer has bought a sofa-set for 9039, then for how much did the shopkeeper buy it?

593 0

  • 1
    Rs. 7880
    Correct
    Wrong
  • 2
    7660
    Correct
    Wrong
  • 3
    7860
    Correct
    Wrong
  • 4
    7680
    Correct
    Wrong
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Answer : 3. "7860 "

Q:

A dealer sold an article at a loss of 2%. Had he sold it for ₹44 more, he would have gained 20%. Find the cost price of the article.

593 0

  • 1
    ₹250
    Correct
    Wrong
  • 2
    ₹300
    Correct
    Wrong
  • 3
    ₹400
    Correct
    Wrong
  • 4
    ₹200
    Correct
    Wrong
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Answer : 4. "₹200"

Q:

By selling an article for Rs. 600 there is a profit of 20%. What is the cost price of the article?

590 0

  • 1
    600
    Correct
    Wrong
  • 2
    457
    Correct
    Wrong
  • 3
    244
    Correct
    Wrong
  • 4
    500
    Correct
    Wrong
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Answer : 4. "500"

Q:

The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively. What is the profit percentage?

588 0

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

Q:

An umbrella is marked for ₹150 and sold for ₹138. The rate of discount is:

565 0

  • 1
    5%
    Correct
    Wrong
  • 2
    8%
    Correct
    Wrong
  • 3
    6%
    Correct
    Wrong
  • 4
    9%
    Correct
    Wrong
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Answer : 2. "8%"

Q:

There is a profit of 10% when an item is sold at of its actual selling price. What will be the profit percentage on the cost price when the item is sold at its actual selling price?

555 0

  • 1
    28%
    Correct
    Wrong
  • 2
    32%
    Correct
    Wrong
  • 3
    26%
    Correct
    Wrong
  • 4
    30%
    Correct
    Wrong
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Answer : 2. "32%"

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