Profit and Loss Practice Question and Answer
8 Q: A shopkeeper has 11 books of same cost price. He sells the first book at certain price, then he sells second book at a price which is ₹ 1 less than the selling price of first book and then he sells third book at a price which is ₹1 less than the selling price of second book. Following this pattern, he sold all 11 books. If he sells sixth book at its cost price. Find the overall percent profit or loss on selling all 11 books.
2701 05dd37ade874d2d52fa316a87
5dd37ade874d2d52fa316a87- 120%false
- 210%false
- 3$$ {1\over 11}\% $$false
- 4No profit no Losstrue
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Answer : 4. "No profit no Loss "
Q: If one object is sold for 5% instead of 5 % loss the seller gets Rs. 33.6 more. What is the cost Price? 2697 05d132a48925caa2d5bbbff5b
5d132a48925caa2d5bbbff5b- 1336true
- 2454false
- 3672false
- 4785false
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Answer : 1. "336"
Q: If the cost of pins reduces by Rs . 4 per dozen, 12 more pins can be purchased for Rs. 48. The cost of pins per dozen after reduction is:
2587 05efc791fd4461c5b47d6d0fb
5efc791fd4461c5b47d6d0fb- 1Rs. 16false
- 2Rs. 20false
- 3Rs. 8false
- 4Rs . 12true
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Answer : 4. "Rs . 12 "
Q: Sandeep buys an old scooter for Rs.4700 and spends Rs.800 on its repairs. If he sells to its Rajesh for Rs.5800, then his gain percent will be:
2567 05ef1861d2c39485d739e832d
5ef1861d2c39485d739e832d- 1$$ 5 {5\over11}%$$true
- 2$$ 4 {4\over7}%$$false
- 310%false
- 412%false
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Answer : 1. "$$ 5 {5\over11}%$$"
Q: If the profit on selling an article for Rs. 579 is the same as the loss on selling it for Rs. 337, then find the profit percent if its selling price is Rs. 687.
2564 0605868ee9982dc053f988872
605868ee9982dc053f988872- 1245%false
- 225%false
- 350%true
- 427 ½ %false
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Answer : 3. "50%"
Q: A shopkeeper earns a profit equal to the selling price of 11 meter by selling 22-meter cloth. Find the profit percent. 2519 15d1331bc925caa2d5bbbff70
5d1331bc925caa2d5bbbff70- 150%true
- 252%false
- 345%false
- 455%false
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Answer : 1. "50%"
Q: By selling an article for Rs. 320, a man incurs a loss of 20%, what should be the selling price of an article to gain 30%?
2504 05eb94b27a445f56aef0937ca
5eb94b27a445f56aef0937ca- 1Rs. 520true
- 2Rs. 690false
- 3Rs. 550false
- 4Rs. 440false
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Answer : 1. "Rs. 520"
Q: A starts a business, after 6 months B also join him with Rs.4500 and after 2 months of B’s joining C also join them with Rs.4500. If A gets approx. Rs 4900 out of total annual profit of Rs. 10,000 then find the approximate value of initial investment of A.
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5df9b7bd9e7c624c9bfe900b- 1Rs. 4800false
- 2Rs. 4200false
- 3Rs. 3600true
- 4Rs 4400false
- 5Rs. 5200false
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