Profit and Loss Practice Question and Answer
8 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%?
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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.
2615 05df9b7bd9e7c624c9bfe900b
5df9b7bd9e7c624c9bfe900b- 1Rs. 4800false
- 2Rs. 4200false
- 3Rs. 3600true
- 4Rs 4400false
- 5Rs. 5200false
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Answer : 3. "Rs. 3600"
Q: By selling 15 mangoes, a fruit seller gains the selling price of 3 mangoes. His gain is
2534 05ee9abc7eee45c3b8374b6aa
5ee9abc7eee45c3b8374b6aa- 125%true
- 216%false
- 324%false
- 427%false
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Answer : 1. "25%"
Q: Prakash, Sunil and Anil started a business jointly investing Rs. 11 lakhs, Rs. 16.5 lakhs and Rs 8.25 lakhs respectively. The profit earned by them in the business at the end of three years was Rs. 19.5 lakhs. What will be the 50% of Anil's share in the profit?
2509 05e4d07f9701cfd31ff632dc3
5e4d07f9701cfd31ff632dc3- 1Rs. 4.5 lakhsfalse
- 2Rs. 2.25 lakhstrue
- 3Rs. 2.5 lakhsfalse
- 4Rs. 3.75 lakhsfalse
- 5None of thesefalse
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Answer : 2. "Rs. 2.25 lakhs "
Q: On selling an article for Rs 162 there is a loss of 10%.At what price it should be sell in order to gain a profit of 10%?
2487 05ebeb7f2f51fcb2168f8cfe1
5ebeb7f2f51fcb2168f8cfe1- 1200false
- 2198false
- 3196true
- 4194false
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Answer : 3. "196"
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:
2487 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: 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?
2442 05efd52047228dd6b06e2c9a3
5efd52047228dd6b06e2c9a3- 1250false
- 2300false
- 3150true
- 4200false
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Answer : 3. "150 "
Q: Profit after selling a commodity for 524 is the same as loss after selling it for Rs. 452. The cost price of the commodity is
2387 05ddfc6a70fc39a7688757a3b
5ddfc6a70fc39a7688757a3b- 1480false
- 2500false
- 3488true
- 4485false
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- SingleChoice