Profit and Loss Questions Practice Question and Answer
8 Q: A shopkeeper has 11 books of same cost price. He sells the first book at certain price, then he sells second book at a price which is ₹ 1 less than the selling price of first book and then he sells third book at a price which is ₹1 less than the selling price of second book. Following this pattern, he sold all 11 books. If he sells sixth book at its cost price. Find the overall percent profit or loss on selling all 11 books.
2702 05dd37ade874d2d52fa316a87
5dd37ade874d2d52fa316a87- 120%false
- 210%false
- 3$$ {1\over 11}\% $$false
- 4No profit no Losstrue
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Answer : 4. "No profit no Loss "
Q: A man buys a table and a chair for 500. He sells the table at a loss of 10 % and the chair at a gain of 10 %. He still gain ₹10 on the whole. The cost price of chair in rupees is
1556 05dd37c78874d2d52fa316afc
5dd37c78874d2d52fa316afc- 1₹ 200false
- 2₹ 250false
- 3₹ 300true
- 4₹ 350false
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Answer : 3. "₹ 300"
Q: Arun buys one kilogram of apples for Rs . 120 and sells it to Swati gaining 25 %. Swati sells it to Divya and Divya again sells it for Rs. 198, making a profit of 10 %. What is the profit percentage made by Swati?
2101 05dd37c16c2282c484e46288e
5dd37c16c2282c484e46288e- 125 %false
- 220 %true
- 316.67 %false
- 415 %false
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Answer : 2. "20 % "
Q: A trader purchased a gift box for Rs. 150. What should be the marked price on the gift box so that after allowing a discount of 10 %, he makes a profit of 10 %?
1096 05dd37b4cbfcbc45cddedd7e2
5dd37b4cbfcbc45cddedd7e2- 1Rs . 180false
- 2Rs . 183.3true
- 3Rs . 186.6false
- 4Rs . 190false
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Answer : 2. "Rs . 183.3 "
Q: An article is sold at 5 % profit. The ratio of selling price and cost price will be
1083 05dcb8a4385d84c59cfbb8aaf
5dcb8a4385d84c59cfbb8aaf- 11 : 5false
- 220 : 21false
- 321 : 20true
- 45 : 1false
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Answer : 3. "21 : 20 "
Q: By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%?
1147 05dcb847345ad6b59c82cf7a7
5dcb847345ad6b59c82cf7a7- 1Rs . 910false
- 2Rs . 1200false
- 3Rs . 1232false
- 4Rs . 1300true
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Answer : 4. "Rs . 1300 "
Q: If an article is sold at 200 % profit then the ratio of its cost price to its selling price will be
1070 05dcb89e2e9d33d6509bd9e1c
5dcb89e2e9d33d6509bd9e1c- 11 : 2false
- 22 : 1false
- 31 : 3true
- 43 : 1false
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Answer : 3. "1 : 3 "
Q: A man purchased a bed sheet for Rs. 450 and sold it at again of 10 % calculated on the selling price. The selling price of the bedsheets was
1448 05dcb896ae9d33d6509bd9de7
5dcb896ae9d33d6509bd9de7- 1Rs. 460false
- 2Rs . 475false
- 3Rs . 480false
- 4Rs . 500true
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