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Profit and Loss Questions & Answers

Practice crucial Profit and Loss questions to improve understanding. Profit and Loss questions and answers carry a high weightage at the examination and should be prepared on a daily basis.

Q21

Q21 120 mangoes are bought at the rate of Rs. 5400 and sold at the rate of Rs. 300 per dozen. What is the percentage of profit or loss?

A

44.4% loss

B

-44.4% loss

C

44.4%profit

D

None of these

Q22

Q22 A shopkeeper sells one item for $84 at a gain of 6% and another for $96 at a loss of 1%. What is his total gain or loss%?

A

2.15% loss

B

(-2.15%) loss

C

(-2.15% profit)

D

None of these

Q23

Q23 A trader mixes 15 kg of rice at Rs. 80 per kg with 55 kg of rice of other variety at Rs. 100 per kg and sells the mixture at Rs. 100 per kg. What is his loss percent?

A

4.48

B

(-5)

C

0

D

(-4.48)

Q24

Q24 I make a loss of 20% by selling an article. What would be the loss percent?

A

6%

B

60%

C

16.67%

D

20%

Q25

Q25 A lady sells a saree at Rs.5800, and makes a profit of 9%. Find the cp of same dress.

A

5521

B

5398

C

10321

D

5321

Q26

Q26 If the cost price of an article is Rs.100, and selling price of an article is also Rs.100, so what is profit% of selling an article ?

A

0

B

100

C

10

D

5

Q27

Q27 If a shop owner cheats to extend of 2% buying and selling, by using false weighting machine then what is the total gain of the shop Owner ?

A

104.4

B

4.04

C

14.4

D

4.4

Q28

Q28 By selling 39 bottles for Rs.78, the shopkeeper loses 15%. How many bottles he should sell for Rs.54 to gain profit of 20% ?

A

16

B

20

C

18

D

22

Q29

Q29 If the cost price of 18 pens is equal to the selling price of 6 pens, then what is the profit% ?

A

50%

B

60%

C

100%

D

200%

Q30

Q30 If a milkman purchases the milk at Rs.x per litre and sells it as Rs.1.5x per litre still he mixes 1 litre water with every 2 litres of pure milk. What is profit percentage?

A

75

B

100

C

125

D

150

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