Profit and Loss Practice Question and Answer

Q: A shopkeeper earns a profit of shopkeeper earns a profit of 25% after giving a discount of 20%. Find the ratio between the cost price and the marked price. 1856 1

  • 1
    25:16
    Correct
    Wrong
  • 2
    16:25
    Correct
    Wrong
  • 3
    16:27
    Correct
    Wrong
  • 4
    27:10
    Correct
    Wrong
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Answer : 2. "16:25"

Q:

A man buys a machine for Rs.5,000. After one year, he sells it for Rs.6000. After two years, again he buys the same machine at Rs.8,000 and sells it for Rs.10,000. Find his overall profit percentage for both the transactions.

1836 0

  • 1
    20.23%
    Correct
    Wrong
  • 2
    23.08%
    Correct
    Wrong
  • 3
    18.75%
    Correct
    Wrong
  • 4
    15.23%
    Correct
    Wrong
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Answer : 2. "23.08% "

Q:

A dishonest dealer marks up the price of an article by 15% and gave a discount of 20%. He also uses 900gm instead of 1000gm. Find his profit percent.

1835 0

  • 1
    Correct
    Wrong
  • 2
    Correct
    Wrong
  • 3
    10
    Correct
    Wrong
  • 4
    Correct
    Wrong
  • 5
    20
    Correct
    Wrong
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Answer : 2. ""

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?

1828 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 shopkeeper marked an article 75% above the cost price and sold it after a discount of 50%. Find the cost price of the article if he had a loss of Rs. 156.

1820 0

  • 1
    Rs. 1200
    Correct
    Wrong
  • 2
    Rs. 1240
    Correct
    Wrong
  • 3
    Rs. 1250
    Correct
    Wrong
  • 4
    Rs. 1248
    Correct
    Wrong
  • 5
    Rs. 1270
    Correct
    Wrong
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Answer : 4. "Rs. 1248"

Q:

Mohan purchased an article and sold it for Rs 2817.50 and earned 15% profit on the cost price. What was the cost price of the article?

1818 0

  • 1
    Rs 2500
    Correct
    Wrong
  • 2
    Rs 2450
    Correct
    Wrong
  • 3
    Rs 2550
    Correct
    Wrong
  • 4
    Rs 3315
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs 2450"

Q:

The price of 6 pencils is Rs. 30 and that of 12 pens is Rs. 120. What is the average price of 50 pencils and 50 pens?

1817 0

  • 1
    6.75
    Correct
    Wrong
  • 2
    7.5
    Correct
    Wrong
  • 3
    5
    Correct
    Wrong
  • 4
    5.75
    Correct
    Wrong
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Answer : 2. "7.5"

Q:

If the ratio of selling price and cost price is 4:5 respectively, then what is the loss percentage?

1814 0

  • 1
    10
    Correct
    Wrong
  • 2
    16.66
    Correct
    Wrong
  • 3
    12.5
    Correct
    Wrong
  • 4
    20
    Correct
    Wrong
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Answer : 4. "20"

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