Profit and Loss Practice Question and Answer

Q:

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

583 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?

578 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:

Remi earns a profit of 20% on selling an article at a certain price. If she sells the articles for ₹8 more, she will gain 30%. What is the original cost price of 16 such articles?

578 0

  • 1
    ₹1,152
    Correct
    Wrong
  • 2
    ₹1,120
    Correct
    Wrong
  • 3
    ₹1,280
    Correct
    Wrong
  • 4
    ₹1,200
    Correct
    Wrong
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Answer : 3. "₹1,280"

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

575 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:

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

558 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:

A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is ₹80 more than that of A, then D bought it for:

555 0

  • 1
    ₹700
    Correct
    Wrong
  • 2
    ₹680
    Correct
    Wrong
  • 3
    ₹652
    Correct
    Wrong
  • 4
    ₹702
    Correct
    Wrong
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Answer : 4. "₹702"

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?

548 0

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

Q:

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

546 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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