Profit and Loss Questions Practice Question and Answer
8 Q: A shopkeeper bought 25 kg. of pulses at the rate of Rs. 54 kg. He sold forty percent of the total quantity at the rate of Rs. 50 per kg. at what price per kg should he sell the approximately quantity to make 25% overall profit ?
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Answer : 1. "79"
Q: The cost price of 12 pens is equal to the selling price of 8 pens. The profit percentage is:
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609f9ba56397877f3199dea2- 150 %true
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Answer : 1. "50 %"
Q: A man sold a watch at a loss of 5%. If he would have sold it for Rs. 27 more, he would have gained 7%. The cost price of the watch is -
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609a63ad8ea85b2491016d43- 1Rs. 325false
- 2Rs. 225true
- 3Rs. 500false
- 4Rs. 375false
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Answer : 2. "Rs. 225"
Q: A trader sold two items at the same price. One at 20% profit and another at 10% loss. The overall profit / loss percentage of the trader is ________
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6095241a5deaac0c4620f8e6- 14% lossfalse
- 24% profitfalse
- 38% lossfalse
- 4None of thesetrue
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Answer : 4. "None of these"
Q: A shopkeeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain , in percentage is:
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606c34606a85553684dde951- 122false
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Answer : 3. "23"
Q: On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is ? 1611 05b5cc74fe4d2b4197774fb3a
5b5cc74fe4d2b4197774fb3a- 1Rs. 55false
- 2Rs. 60true
- 3Rs. 65false
- 4Rs. 70false
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Answer : 2. "Rs. 60"
Explanation :
Answer: B) Rs. 60 Explanation: Let the cost price of a ball is Rs.xGiven, on selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 ballsThe equation is :17x - 720 = 5xSolving the equation we get x = 60Therefore, cost price of a ball is Rs. 60.
Q: The cost price of 20 articles is the same as the selling price of x articles. If there is 25% gain, then the value of x
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Answer : 2. "16"
Q: A phone is sold for Rs. 860 at a loss of 20% for how much should it be sold gain 10%?
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608fbda10ce9ec791f085873- 1Rs.1182.5true
- 2Rs.1168.5false
- 3Rs.1092.5false
- 4Rs.1220.5false
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