Profit and Loss Questions Practice Question and Answer
8 Q: What is the discount rate of a gift whose selling price is Rs. 420 after a reduction of Rs. 60 on its marked price ?
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5e3252331f73627362281714- 110.5false
- 212.5true
- 314.5false
- 413.5false
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Answer : 2. "12.5"
Q: A car worth Rs 30,000 was sold by A to B at 10 % profit. B sold the car back to A at 5 % loss. In the entire transaction.
1431 05f2cfe55be9f31290fb86bc9
5f2cfe55be9f31290fb86bc9- 1A gain Rs 1500false
- 2A loss Rs 1500false
- 3A gain Rs. 1650true
- 4A gain Rs. 1850false
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Answer : 3. "A gain Rs. 1650"
Q: By selling an article for Rs. 700 a man lost 30 %. At what price should he have sold it to gain 30%?
1426 05dcb847345ad6b59c82cf7a7
5dcb847345ad6b59c82cf7a7- 1Rs . 910false
- 2Rs . 1200false
- 3Rs . 1232false
- 4Rs . 1300true
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Answer : 4. "Rs . 1300 "
Q: Vinayak bought an item and sold it at a loss of 5%. If he had bought it for 10% less and sold it for Rs.390 more, he would have had a profit of 20%, find the cost price of item.
1424 05f2e3ff48c86ab1da0005995
5f2e3ff48c86ab1da0005995- 1Rs. 3300false
- 2Rs. 3600false
- 3Rs. 3200false
- 4Rs. 3000true
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Answer : 4. "Rs. 3000"
Q: The cost price of item B is Rs. 150/- more than the cost price of item A. Item A was sold at a profit of 10% and item B was sold at a loss of 20%. If the respective ratio of selling prices of items A and B is 11 : 12, what is the cost price of item B?
1421 161cdbab5edcf9307082e58bb
61cdbab5edcf9307082e58bb- 1Rs. 450/-true
- 2Rs. 420/-false
- 3Rs. 400/-false
- 4Rs. 350/-false
- 5Rs. 480/-false
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Answer : 1. "Rs. 450/-"
Q: Arun bought an old computer and spent ₹110 on its repairs. He then sold it to Bhola at a profit of 20%. Bhola sold it to Chandan at a loss of 10%. Chandan finally sold it for ₹1,188 at a profit of 10%. How much did Arun buy the computer for?
1418 06413144d67ad957a977a8e65
6413144d67ad957a977a8e65- 1₹890true
- 2₹640false
- 3₹750false
- 4₹1,050false
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Answer : 1. "₹890"
Q: Sarita started a boutique investing an amount of 50,000. Six months later Neeta joined her with an amount of 80,000. At the end of one year they earned a profit of 18,000. What is the Sarita’s share in the profit?
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605c58b03af5ff63fd6b47eb- 19000false
- 28000false
- 312000false
- 410000true
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Answer : 4. "10000"
Q:Directions: Study the information given below and answer the questions that follow.
An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.
What was the marked price of the article?
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5df0b4e6004abe5c78f74f21An article was bought for Rs. 5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price.
- 1Rs 6207false
- 2Rs 6242false
- 3Rs 6292false
- 4Rs 6192false
- 5Rs 6272true
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