Profit and Loss Questions Practice Question and Answer
8 Q: Prakash, Sunil and Anil started a business jointly investing Rs. 11 lakhs, Rs. 16.5 lakhs and Rs 8.25 lakhs respectively. The profit earned by them in the business at the end of three years was Rs. 19.5 lakhs. What will be the 50% of Anil's share in the profit?
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5e4d07f9701cfd31ff632dc3- 1Rs. 4.5 lakhsfalse
- 2Rs. 2.25 lakhstrue
- 3Rs. 2.5 lakhsfalse
- 4Rs. 3.75 lakhsfalse
- 5None of thesefalse
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Answer : 2. "Rs. 2.25 lakhs "
Q: A piece of land came to a person through three middlemen each gaining 20%. If the person purchased the land for Rs. 3,45,600 the original cost of the land was:
2372 15efd52dceb90be58c591c022
5efd52dceb90be58c591c022- 1Rs.1,75,800false
- 2Rs.2,00,000true
- 3Rs.1,00,000false
- 4Rs.1,50,000false
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Answer : 2. "Rs.2,00,000"
Q: By selling 15 mangoes, a fruit seller gains the selling price of 3 mangoes. His gain is
2322 05ee9abc7eee45c3b8374b6aa
5ee9abc7eee45c3b8374b6aa- 125%true
- 216%false
- 324%false
- 427%false
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Answer : 1. "25%"
Q: A trader sold an article at profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, then he would have gained 50%. What is the value (in Rs) of cost price?
2311 05efd52047228dd6b06e2c9a3
5efd52047228dd6b06e2c9a3- 1250false
- 2300false
- 3150true
- 4200false
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Answer : 3. "150 "
Q: On selling an article for Rs 162 there is a loss of 10%.At what price it should be sell in order to gain a profit of 10%?
2245 05ebeb7f2f51fcb2168f8cfe1
5ebeb7f2f51fcb2168f8cfe1- 1200false
- 2198false
- 3196true
- 4194false
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Answer : 3. "196"
Q: An article is sold at a loss of 20 %. It yields Rs. 60 more when it is sold at a gain of 20 %. The cost price of the article is
2221 05dcb83b9e9d33d6509bd9859
5dcb83b9e9d33d6509bd9859- 1Rs. 200false
- 2Rs. 150true
- 3Rs. 140false
- 4Rs. 120false
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Answer : 2. "Rs. 150 "
Q: If a chair sold for Rs. 600 at the profit of 20%, then the original price of the chair is:
2154 05dbfbb70d701145da0b070fd
5dbfbb70d701145da0b070fd- 1Rs. 540false
- 2Rs. 500true
- 3Rs. 480false
- 4Rs. 580false
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Answer : 2. "Rs. 500"
Q: Profit after selling a commodity for 524 is the same as loss after selling it for Rs. 452. The cost price of the commodity is
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5ddfc6a70fc39a7688757a3b- 1480false
- 2500false
- 3488true
- 4485false
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