Profit and Loss Practice Question and Answer
8 Q: A man buys a machine for Rs.5,000. After one year, he sells it for Rs.6000. After two years, again he buys the same machine at Rs.8,000 and sells it for Rs.10,000. Find his overall profit percentage for both the transactions.
1651 064953a83cae316dfef75ba40
64953a83cae316dfef75ba40- 120.23%false
- 223.08%true
- 318.75%false
- 415.23%false
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Answer : 2. "23.08% "
Q: P purchase an item for Rs 1200 and sold it on a profit of 10%. If he sells it at Rs 1380 then calculate his increase in profit percentage.
1638 05e7ee34a1425f51f3ac20305
5e7ee34a1425f51f3ac20305- 15%true
- 210%false
- 312%false
- 415%false
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Answer : 1. "5% "
Q: If the selling price of a shirt is reduced from 440 to ₹410, the loss increases by 4%. What is the cost price of the shirt?
1632 0642c0a52dcb650c1457904b8
642c0a52dcb650c1457904b8- 1₹650false
- 2₹750true
- 3₹450false
- 4₹500false
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Answer : 2. "₹750 "
Q: 17 articles were bought for ₹3910 and sold for ₹4590. How much was the approximate profit percentage per article?
1628 05df2237ffb64ec452cb6e020
5df2237ffb64ec452cb6e020- 117 %true
- 212 %false
- 39 %false
- 421 %false
- 525 %false
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Answer : 1. "17 % "
Q: A vacuum cleaner was marked at 30% above the cost price and a discount of 24% was given on its marked price. What is the profit/loss percentage?
1613 0611f795bb14e9c13a8ec06c3
611f795bb14e9c13a8ec06c3- 14%false
- 21.2%true
- 36.25%false
- 42.5%false
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Answer : 2. "1.2%"
Q: The cost price of an article is 480. If it is to be sold at a profit of 6.25 %, how much would be its selling price?
1612 05e6c5be78fcee56af205341b
5e6c5be78fcee56af205341b- 1Rs 510true
- 2Rs 530false
- 3Rs 503false
- 4Rs 519false
- 5None of thesefalse
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Answer : 1. "Rs 510"
Q: Cost of 18 shirts and 45 trousers is Rs 68,400. What is the cost of 10 shirts and 25 trousers?
1611 05e6c8e7c8fcee56af205ae3a
5e6c8e7c8fcee56af205ae3a- 1Rs 38,000true
- 2Rs 36,000false
- 3Rs 34,200false
- 4Rs 36,200false
- 5None of thesefalse
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Answer : 1. "Rs 38,000"
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.