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Profit and Loss Questions and Answers for Competitive Exams

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Profit and Loss Questions and Answers for Competitive ExamsProfit and Loss Questions and Answers for Competitive Exams
Q :  

A merchant buys an article for Rs. 27 and sells it at a profit of 10 % of the selling price. The selling price of the article is: 

(A) Rs. 37

(B) Rs.32

(C) Rs. 29.70

(D) Rs. 30

Correct Answer : D
Explanation :


Q :  

A man bought an old typewriter for ₹1200 and spent ₹200 on its repair. He sold it for ₹1680. His profit percent is :

(A) 8%

(B) 16%

(C) 20%

(D) 10%

Correct Answer : C
Explanation :


Q :  

A man buys a cycle for ₹1400 and sells it at a loss of 15%. What is the selling price of the cycle?

(A) ₹1160

(B) ₹1000

(C) ₹1202

(D) ₹1190

Correct Answer : D
Explanation :


Q :  

On selling an article for ₹651, there is a loss of 7%. The cost price of that article is

(A) ₹793

(B) ₹700

(C) ₹744

(D) ₹751

Correct Answer : B
Explanation :


Q :  

If the cost price is 95% of the selling price, what is the profit percent? 

(A) 5%

(B) 5.26%

(C) 4%

(D) 4.75%

Correct Answer : B
Explanation :


 

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