Profit and Loss Practice Question and Answer

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 

2384 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 "

Q:

If 5500 copies are published and the transportation cost on them amounts to Rs. 82,500, then what should be the selling price of the book so that the publisher can earn a profit of 25%?

2331 0

  • 1
    Rs. 187.50
    Correct
    Wrong
  • 2
    Rs. 191.50
    Correct
    Wrong
  • 3
    Rs. 175
    Correct
    Wrong
  • 4
    Rs. 180
    Correct
    Wrong
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Answer : 1. "Rs. 187.50"
Explanation :

For the publisher to earn a profit of 25% S.P = 125% of C.P.
Also Transportation Cost = 10% of C.P.
Let the S.P of 5500 books be Rs. x.
Then, 10 : 125 = 82500 : x ⇒ x = Rs.  = Rs. 1031250.
⸫ S.P. of one book = Rs. = Rs. 187.50. 


Q:

If a chair sold for Rs. 600 at the profit of 20%, then the original price of the chair is:

2310 0

  • 1
    Rs. 540
    Correct
    Wrong
  • 2
    Rs. 500
    Correct
    Wrong
  • 3
    Rs. 480
    Correct
    Wrong
  • 4
    Rs. 580
    Correct
    Wrong
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Answer : 2. "Rs. 500"

Q:

Two mobile phones were purchased at the same price. One was sold at a profit of 30 % and the second was sold at a price which was Rs 2500 less than the price at which the first was sold. If the overall profit earned by selling both the mobile phones was 5 %, what was the cost price of one mobile phone? 

2275 0

  • 1
    Rs. 8000
    Correct
    Wrong
  • 2
    Rs. 5000
    Correct
    Wrong
  • 3
    Rs. 6000
    Correct
    Wrong
  • 4
    Rs. 4500
    Correct
    Wrong
  • 5
    Rs. 5500
    Correct
    Wrong
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Answer : 2. "Rs. 5000 "

Q: On selling 36 oranges one incurs a loss equal to selling Price of 4 oranges. What will be the loss%? 2274 0

  • 1
    10%
    Correct
    Wrong
  • 2
    34%
    Correct
    Wrong
  • 3
    13%
    Correct
    Wrong
  • 4
    14%
    Correct
    Wrong
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Answer : 1. "10%"

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? 

2248 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:

The cost price of two dozen bananas is Rs. 32 After selling 18 bananas at the rate Rs. 12 per dozen, the shopkeeper reduced to rate as Rs. 4 per dozen. The percent loss is 

2142 0

  • 1
    36.5%
    Correct
    Wrong
  • 2
    37.5%
    Correct
    Wrong
  • 3
    25.2%
    Correct
    Wrong
  • 4
    32.4%
    Correct
    Wrong
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Answer : 2. "37.5% "

Q:

A DVD player was purchased for Rs 4860. At what price should it be sold so that 25% profit is earned?

2140 0

  • 1
    Rs 6225
    Correct
    Wrong
  • 2
    Rs 6275
    Correct
    Wrong
  • 3
    Rs 6075
    Correct
    Wrong
  • 4
    Rs 6025
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show Answer
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Answer : 3. "Rs 6075"

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