Profit and Loss Practice Question and Answer
8 Q: Shashi sells two articles for ₹5,000 each with no loss and no profit in the overall transaction. If one article is sold at $$16{2\over 3}\%$$loss, then the other is sold at a profit of:
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64bfb961a2d4dcaf044d563e- 125%true
- 224%false
- 316%false
- 418%false
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Answer : 1. "25%"
Q: The marked price of an article is 40% above its cost price. If its selling price is $$73{1\over 2}\%$$ of the marked price, then the profit percentage is
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64be607123047f4c71dc905b- 12.4%false
- 22.9%true
- 33.1%false
- 42.7%false
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Answer : 2. "2.9%"
Q: On selling an article for ₹123.40, the gain is 20% more than the amount of loss incurred on selling it for ₹108. If the article is sold for ₹120.75, then what is the gain/loss per cent?
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64b90c21568e7ff594bdd73e- 1Loss 2.5%false
- 2Loss 5%false
- 3Gain 2.5%false
- 4Gain 5%true
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Answer : 4. "Gain 5%"
Q: A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is ₹80 more than that of A, then D bought it for:
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64b90e7388d5e4f52ddf7bf3- 1₹700false
- 2₹680false
- 3₹652false
- 4₹702true
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Answer : 4. "₹702"
Q: Remi earns a profit of 20% on selling an article at a certain price. If she sells the articles for ₹8 more, she will gain 30%. What is the original cost price of 16 such articles?
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64b90cd3e2108a723934c7eb- 1₹1,152false
- 2₹1,120false
- 3₹1,280true
- 4₹1,200false
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Answer : 3. "₹1,280"
Q: A dishonest dealer marks up his goods by 50% and then gives a discount of 20% on the marked price. Apart from this, he uses a faulty balance which reads 1kg for 900 gm. What is his net profit percentage (rounded off to the nearest integer)?
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649d86baab3c5fffc2eb6b91- 124false
- 227false
- 336false
- 433true
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Answer : 4. "33"
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.
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64953a83cae316dfef75ba40- 120.23%false
- 223.08%true
- 318.75%false
- 415.23%false
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Answer : 2. "23.08% "
Q: A trader sells an article at 16% below its cost price. Had he sold it for ₹192.20 more, he would have gained 15%. The cost price (in ₹) of the article is:
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6489bb4ef4063d472f4b2f0e- 1620true
- 2680false
- 3720false
- 4640false
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