Profit and Loss Practice Question and Answer
8 Q: A trader bought 120 kg of potato at 24/kg. He sold 80 kg of it at 50% profit and the balance at 25% low. Find the total profit or loss?
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5eb507e64080050ac2650bc0- 150% Profitfalse
- 225% Profittrue
- 350% Lossfalse
- 425% Lossfalse
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Answer : 2. "25% Profit "
Q: When Vijay sells 12 pens, he gains the selling price of pens. Calculate his % profit?
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5ee05d150cb2490dae74fa27- 115%false
- 220%true
- 318%false
- 412%false
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Answer : 2. "20%"
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
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5dcb896ae9d33d6509bd9de7- 1Rs. 460false
- 2Rs . 475false
- 3Rs . 480false
- 4Rs . 500true
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Answer : 4. "Rs . 500 "
Q: If an item is sold for Rs. 270, there is a loss of 10 percent on it , then what will be the cost price of that item?
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5f892eb358d85e164c5b5cb2- 1Rs. 300true
- 2Rs. 330false
- 3Rs. 240false
- 4Rs. 324false
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Answer : 1. "Rs. 300 "
Q: A person bought pens at 25 for a rupee and sold at 15 for a rupee. What is his profit percentage?
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5f2e52432b354b255006cbff- 1$$66{2\over 3}$$true
- 240false
- 3$$16{2\over 3}$$false
- 4$$33{1\over 3}$$false
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Answer : 1. "$$66{2\over 3}$$"
Q: Krishna bought a camera and paid 20 % less than its original price. He sold it at 40 % profit on the price he had paid. The percentage of profit earned by Krishna on the original price was
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5efc71668e73c352771d9da8- 112true
- 215false
- 322false
- 432false
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Answer : 1. "12"
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
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5d9dab835863b37fdc696095- 1Rs. 140false
- 2Rs. 160true
- 3Rs. 80false
- 4Rs. 100false
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Answer : 2. "Rs. 160"
Q: If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10 % discount then what will be profit ?
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5e6f7d2e3550c37dbe365029- 125%false
- 240%false
- 350%false
- 4125%true
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