Profit and Loss Practice Question and Answer

Q:

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

2157 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:

Profit after selling a commodity for 524 is the same as loss after selling it for Rs. 452. The cost price of the commodity is 

2121 0

  • 1
    480
    Correct
    Wrong
  • 2
    500
    Correct
    Wrong
  • 3
    488
    Correct
    Wrong
  • 4
    485
    Correct
    Wrong
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Answer : 3. "488 "

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

2039 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
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Answer : 3. "Rs 6075"

Q:

The retail price of a water geyser is 1265. If the manufacturer gains 10 %, the wholesale dealer gains 15 % and the retailer gains 25 % , then the cost of the product is – 

1982 0

  • 1
    ₹ 800
    Correct
    Wrong
  • 2
    ₹ 900
    Correct
    Wrong
  • 3
    ₹ 700
    Correct
    Wrong
  • 4
    ₹ 600
    Correct
    Wrong
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Answer : 1. "₹ 800 "

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? 

1977 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:

Cost of 24 bats and 32 sticks is Rs 5600. What is the price of 3 bats and 4 sticks?

1976 0

  • 1
    Rs 1400
    Correct
    Wrong
  • 2
    Rs 2800
    Correct
    Wrong
  • 3
    Rs 700
    Correct
    Wrong
  • 4
    Data Inadequate
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 700"

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 

1973 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% "

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