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 $${{5\over6}}$$ 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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