Profit and Loss Practice Question and Answer
8 Q: If a manufacturer gains 10 percent, wholesaler 15 percent and retailer 25 percent, then the production cost of an article, whose retail price is Rs. 1,265, is
1120 05efc71058e73c352771d9cd7
5efc71058e73c352771d9cd7- 1Rs. 800true
- 2Rs. 900false
- 3Rs. 700false
- 4Rs. 750false
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Answer : 1. "Rs. 800 "
Q: If shopkeeper sold the mobile for Rs.15000 and then he gets some loss. If he sold the same mobile at Rs.19200 and then he gets profit is double of loss. Find the cost price of the mobile?
958 063d0c7b35392140e28eeca40
63d0c7b35392140e28eeca40- 1Rs.16000false
- 2Rs.18000false
- 3Rs.17500false
- 4None of thesetrue
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Answer : 4. "None of these "
Q: Shopkeeper sold an article after allowing two successive discounts of 15% and 20% on it. If shopkeeper earned 2% profit on selling the article and total discount allowed by him is Rs. 192, then find cost price of the article?
546 063d29910e144980db72d08b0
63d29910e144980db72d08b0- 1Rs.500false
- 2Rs.400true
- 3Rs.300false
- 4Rs.600false
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Answer : 2. "Rs.400"
Q: The total cost of x pens and (x-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find x?
634 063d29831307947462bedecb1
63d29831307947462bedecb1- 116false
- 218true
- 315false
- 420false
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Answer : 2. "18 "
Q:Answer the following questions
Lokesh sold two items at same price. One of them was sold at a profit of 10% and the other at the loss of 10%. What is the net result of entire transaction?
393 063bd5c7974eba5069d4a7569
63bd5c7974eba5069d4a7569- 11% losstrue
- 22% profitfalse
- 31% profitfalse
- 42% lossfalse
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Answer : 1. "1% loss "
Q:Answer the following questions
Rama dealing in bedsheets allows 4% discount on the marked price. What price must be marked on a bedsheet that cost Rs. 480 so as to make a profit of 10%?
532 063bd5c1161d62119f1d53419
63bd5c1161d62119f1d53419- 1Rs. 520false
- 2Rs. 650false
- 3Rs. 620false
- 4Rs. 550true
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Answer : 4. "Rs. 550"
Q: The reduction of Rs . 12 in the selling price of an article will changes 5 % gain into $$ 2{1\over 2}\% $$ loss . The cost price of the article is
1436 05d9dab835863b37fdc696095
5d9dab835863b37fdc696095- 1Rs. 140false
- 2Rs. 160true
- 3Rs. 80false
- 4Rs. 100false
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Answer : 2. "Rs. 160"
Q: A cloth merchant sold half of his cloth at 20 % profit, half of the remaining cloth at 20 % loss and the rest was sold at its cost price. In the total transaction, his gain or loss will be
1842 05d8c92eb83050426e7abfd4d
5d8c92eb83050426e7abfd4d- 15% profittrue
- 2Neither loss nor gainfalse
- 35% lossfalse
- 410%false
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