Profit and Loss Practice Question and Answer
8 Q: A pen passing through two hands is finally sold at a profit of 44% of the original cost price. If the first dealer makes a profit of 20%, then the profit made by the second dealer is:
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Answer : 3. "20%"
Q: There is a profit of 10% when an item is sold at of its actual selling price. What will be the profit percentage on the cost price when the item is sold at its actual selling price?
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Answer : 2. "32%"
Q: The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively. What is the profit percentage?
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Answer : 3. "20%"
Q: The cost price of 27 articles is the same as the selling price of 18 articles. What is the gain percentage?
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Answer : 1. "50% "
Q: Shivani purchased five pens for ₹600. She sells these five pens at the rate of ₹50 per pen. What is the approximate lo percentage that Shivani incurred on selling the five pens?
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Answer : 1. "58.33%"
Q: A fan is sold for ₹1,560 at a profit of 30%. If its selling price is ₹960, then what will be the loss percentage?
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Answer : 2. "20% "
Q: If the selling price of a shirt is reduced from 440 to ₹410, the loss increases by 4%. What is the cost price of the shirt?
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Answer : 2. "₹750 "
Q: A man bought a chair for ₹580. At what price should he sell the chair so as to gain 25%?
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