Profit and Loss Practice Question and Answer

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:

473 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:

There is a profit of 10% when an item is sold at $${{5\over6}}$$ 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?

438 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:

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

451 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:

The cost price of 27 articles is the same as the selling price of 18 articles. What is the gain percentage?

386 0

  • 1
    50%
    Correct
    Wrong
  • 2
    60%
    Correct
    Wrong
  • 3
    90%
    Correct
    Wrong
  • 4
    80 %
    Correct
    Wrong
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Answer : 1. "50% "

Q:

Shivani purchased five pens for ₹600. She sells these five pens at the rate of ₹50 per pen. What is the approximate lo percentage that Shivani incurred on selling the five pens?

550 0

  • 1
    58.33%
    Correct
    Wrong
  • 2
    48.33%
    Correct
    Wrong
  • 3
    53.33%
    Correct
    Wrong
  • 4
    61.66%
    Correct
    Wrong
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Answer : 1. "58.33%"

Q:

A fan is sold for ₹1,560 at a profit of 30%. If its selling price is ₹960, then what will be the loss percentage?

1688 0

  • 1
    30%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    25%
    Correct
    Wrong
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Answer : 2. "20% "

Q:

If the selling price of a shirt is reduced from 440 to ₹410, the loss increases by 4%. What is the cost price of the shirt?

1632 0

  • 1
    ₹650
    Correct
    Wrong
  • 2
    ₹750
    Correct
    Wrong
  • 3
    ₹450
    Correct
    Wrong
  • 4
    ₹500
    Correct
    Wrong
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Answer : 2. "₹750 "

Q:

A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?

1239 0

  • 1
    ₹1,080
    Correct
    Wrong
  • 2
    ₹725
    Correct
    Wrong
  • 3
    ₹590
    Correct
    Wrong
  • 4
    ₹820
    Correct
    Wrong
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Answer : 2. "₹725 "

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