Profit and Loss Practice Question and Answer
8 Q: Mohan, a shopkeeper, bought a shirt of list price ₹225 at a discount of 20%. If he wants a profit of 30% then he should sell the shirt for:
4862 05de74a24a2451c6057501946
5de74a24a2451c6057501946- 1₹230false
- 2₹234true
- 3₹256false
- 4₹286false
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Answer : 2. "₹234"
Explanation :
Mohan CP =225*20/100=45
so that CP =225-45=180
Selling price when he wants 30% profit=180*130/100=234
Q: By selling a table for Rs. 350 instead of Rs. 400, loss percent increases by 5%. The cost price of table is :
4802 05e63457fa25556773e58dc0f
5e63457fa25556773e58dc0f- 1Rs. 1, 050false
- 2Rs. 417.50false
- 3Rs. 435false
- 4Rs. 1,000true
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Answer : 4. "Rs. 1,000"
Q: A milkman has 20 liters of milk. If he mixes 5 liters of water, which is freely available, in 20 liters of pure milk. If the cost of pure milk is Rs. 18 per litre, then the profit of the milkman, when he sells all the mixture at cost price, is: 4724 65b5cc7d7e4d2b4197775151f
5b5cc7d7e4d2b4197775151f- 120%false
- 225%true
- 333.33%false
- 418%false
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Answer : 2. "25%"
Explanation :
Answer: B) 25% Explanation: When the water is freely available and all the water is sold at the price of the milk, then the water gives the profit on the cost of 20 litres of milk. Since, the profit % = ProfitCostPricex100 Therefore, profit percentage = 520x100 = 25%
Q: If a dealer wants to earn 40% profit on an article after offering 30% discount, by what percent should be increase his marked price to arrive at the label price? 4370 05d133f3140daee3c552fcb29
5d133f3140daee3c552fcb29- 150%false
- 2100%true
- 3200%false
- 460%false
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Answer : 2. "100%"
Q: On selling oranges 5 for Rs.1. One gets 20% profit. How many orange were purchased for Rs.1. 4060 05d1338f2d2441c3c5ff90a35
5d1338f2d2441c3c5ff90a35- 13false
- 27false
- 34false
- 46true
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Answer : 4. "6"
Q: A shopkeeper sells a certain object in Rs 2520 after giving two consecutive discounts of 10% and 30 %. Find the marked price of the object. 4058 05d133b6940daee3c552fcb1f
5d133b6940daee3c552fcb1f- 1Rs 6000false
- 2Rs 4000true
- 3Rs 5450false
- 4Rs 6800false
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Answer : 2. "Rs 4000"
Q: A man sells a table at 12 % loss and a book at 19% profit then he earns Rs. 160 as profit. But if he sells the table at 12 % profit and the book at 16% loss then he bears a loss of Rs. 40. Find the price of one book?
4012 05f5af7384d383e58c6b6cf54
5f5af7384d383e58c6b6cf54- 1Rs. 4200false
- 2Rs. 4100false
- 3Rs. 4300false
- 4Rs. 4000true
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Answer : 4. "Rs. 4000"
Q: A watch sold for Rs.1440 at 10 % loss, at what price it should be sold so as to earn 15% profit. 3954 05d131eee925caa2d5bbbff39
5d131eee925caa2d5bbbff39- 11820false
- 21830false
- 31840true
- 41850false
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