Profit and Loss Practice Question and Answer
8 Q: A wholesaler had 200 dozen of mangoes. He sold some of these mangoes at 20 % profit and the rest at 10 % profit, so that he made 13 % profit on selling all the mangoes. How many mangoes in dozens) did he sell at 20 % profit?
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5f0d97cdf4c8bf4badfdd75e- 180false
- 2120false
- 3140false
- 460true
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Answer : 4. "60 "
Q: By a selling basket for Rs. 19.50, a shopkeeper gains 30 %. For how much should he sell it to gain 40 %?
1602 05f04375ebedd52553093dad3
5f04375ebedd52553093dad3- 1Rs.24false
- 2Rs.23false
- 3Rs.21true
- 4Rs.21.50false
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Answer : 3. "Rs.21 "
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:
2378 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: The cost price of an article is Rs x. It is marked up by 200%. It is sold at Rs. 540 after giving 25% discount. What is the value of x (in Rs)?
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5efd52587228dd6b06e2cb07- 1300false
- 2240true
- 3360false
- 4250false
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Answer : 2. "240 "
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?
2316 05efd52047228dd6b06e2c9a3
5efd52047228dd6b06e2c9a3- 1250false
- 2300false
- 3150true
- 4200false
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Answer : 3. "150 "
Q: By what fraction selling price ( S.P. ) must be multiplied to get the cost price ( C.P. ) if the loss is 20%?
910 05efd51677228dd6b06e2c96e
5efd51677228dd6b06e2c96e- 1$${5\over4}$$true
- 2$${6\over5}$$false
- 3$${4\over5}$$false
- 4$${8\over5}$$false
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Answer : 1. " $${5\over4}$$"
Q: Last year Mr. A bought two paintings. This year he sold them for Rs. 20,000 each. On one, he made a 25 % profit and of the other he had a 25 % loss. Then his net profit or loss is
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5efd5101d4461c5b47d85bf4- 1He earned more than Rs. 2000false
- 2He earned less than Rs . 2000false
- 3He lost more than Rs. 2000true
- 4He lost more than Rs. 2000false
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Answer : 3. "He lost more than Rs. 2000 "
Q: A & B jointly made a profit of Rs. 1650 and they decided to share it such that 1/3 of A's profit is equal to 2/5 of B's profit. Then profit of B is
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5efd50957228dd6b06e2c927- 1Rs. 850false
- 2Rs. 800false
- 3Rs. 700false
- 4Rs. 750true
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