Profit and Loss Questions Practice Question and Answer
8 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 amount of discount given?
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5df0b606004abe5c78f74f80An 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 319.6false
- 2Rs 303.6false
- 3Rs 306.3false
- 4Rs 313.6true
- 5Rs 316.9false
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Answer : 4. "Rs 313.6"
Q: A shopkeeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain , in percentage is:
1429 0606c34606a85553684dde951
606c34606a85553684dde951- 122false
- 221false
- 323true
- 424false
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Answer : 3. "23"
Q: A shopkeeper sells a watch set on discount of 8% of printed price and gain 25 %. If marked price was Rs. 20,000 then, what was the cost price?
1428 15f5af5d1dc518b408a4158e4
5f5af5d1dc518b408a4158e4- 1Rs. 13,800false
- 2Rs. 14,720true
- 3Rs. 14, 800false
- 4Rs. 13, 720false
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Answer : 2. "Rs. 14,720"
Q: A man purchased a bedsheet for₹ 450 and sold it at a gain of 10% calculated on the selling price. The selling price of the bedsheet was
1418 06246cb1d9809e154c705035f
6246cb1d9809e154c705035f- 1₹ 480false
- 2₹500true
- 3₹ 460false
- 4₹ 475false
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Answer : 2. "₹500"
Explanation :

Q: An article is sold at a profit of 25 %. If the selling price is doubled, the profit % will be:
1416 05efd3e5ceb90be58c5918cd7
5efd3e5ceb90be58c5918cd7- 1100%false
- 250%false
- 3200%false
- 4150%true
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Answer : 4. "150% "
Q: A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is:
1413 05efc6ebeeb90be58c5901730
5efc6ebeeb90be58c5901730- 1$$1{1\over5}$$true
- 2$$2{1\over5}$$false
- 3$$2{1\over2}$$false
- 42false
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Answer : 1. " $$1{1\over5}$$"
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 percent profit on the transaction?
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5df0b5840183ea49d62ac0e3An 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.
- 16.8%false
- 26.3%false
- 36.4 %true
- 46.6 %false
- 56.2%false
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Answer : 3. "6.4 %"
Q: By selling a bicycle for Rs. 2,850 a shopkeeper gain 14%. If the profit is reduced to 8 %, then the selling price will be
1405 05efd36d27228dd6b06e2843f
5efd36d27228dd6b06e2843f- 1Rs. 2,800false
- 2Rs. 3,000false
- 3Rs. 2,600false
- 4Rs. 2,700true
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