Profit and Loss Practice Question and Answer

Q: A dishonest dealer professes to sell his good at cost price, but he uses a weight of 800 gm. For one kg. Find his gain percent? 2131 0

  • 1
    20
    Correct
    Wrong
  • 2
    25
    Correct
    Wrong
  • 3
    40
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 2. "25"

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 – 

2116 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:

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

2113 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:

A cloth merchant sold half of his cloth at 20 % profit, half of the remaining cloth at 20 % loss and the rest was sold at its cost price. In the total transaction, his gain or loss will be 

2058 0

  • 1
    5% profit
    Correct
    Wrong
  • 2
    Neither loss nor gain
    Correct
    Wrong
  • 3
    5% loss
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 1. "5% profit "

Q: What should be % increased the Marked price so that even after allowing 10% discount one get the profit of 26%? 2044 0

  • 1
    20%
    Correct
    Wrong
  • 2
    50%
    Correct
    Wrong
  • 3
    60%
    Correct
    Wrong
  • 4
    40%
    Correct
    Wrong
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Answer : 4. "40%"

Q: A shopkeeper earns a profit equal to the cost price of 15 meter by selling 45 meter cloth. Find the profit percent? 2034 0

  • 1
    33%
    Correct
    Wrong
  • 2
    30%
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    55%
    Correct
    Wrong
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Answer : 3. ""

Q:

A shopkeeper sold an item at a profit of 20 %. If he reduces the price of the item by Rs. 900, he incurs a loss of 10 %. What is the cost price of the item?

2024 0

  • 1
    Rs. 4900
    Correct
    Wrong
  • 2
    Rs. 4200
    Correct
    Wrong
  • 3
    Rs. 3500
    Correct
    Wrong
  • 4
    Rs. 3000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 4. "Rs. 3000"

Q:

A dealer bought an item at 10% discount on its original price. He sold it  at 35 % more than the original price. What percentage profit did he get?

2018 0

  • 1
    25 %
    Correct
    Wrong
  • 2
    45 %
    Correct
    Wrong
  • 3
    22.5 %
    Correct
    Wrong
  • 4
    50 %
    Correct
    Wrong
  • 5
    35 %
    Correct
    Wrong
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Answer : 4. "50 %"

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