Profit and Loss Questions Practice Question and Answer
8 Q: A shopkeeper gains 20 percent by giving a discount of 10 percent of the marked price of a toy. If he had given a discount of 20 percent, then what would be his profit percentage?
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Answer : 1. " "
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 fruit merchant makes a profit of 25% by selling mangoes at a certain price. If he charges Re. 1 more on each mango, he would gain 50%. At first the price of one mango was
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6246d84d398e4a497b442ac1- 1Rs. 4false
- 2Rs. 6false
- 3Rs. 5true
- 4Rs. 7false
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Answer : 3. "Rs. 5 "
Explanation :
Q: A book seller sells a book at a profit of 10 %. If he had bought it at 4 % less and sold it for Rs. 6 more. he would have gained . The cost price of the book is
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5efc73df196e681f76ead763- 1Rs . 150true
- 2Rs . 160false
- 3Rs. 130false
- 4Rs. 140false
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Answer : 1. "Rs . 150 "
Q: On selling an article for Rs.240, a trader loss of 10%.In order to gain 10%, he must sell that article for -
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6024eaee835ee17373904d25- 1Rs.267.50false
- 2Rs.290.80false
- 3Rs.293.32true
- 4Rs.296.84false
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Answer : 3. "Rs.293.32"
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
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6246cb1d9809e154c705035f- 1₹ 480false
- 2₹500true
- 3₹ 460false
- 4₹ 475false
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Answer : 2. "₹500"
Explanation :
Q: The price of jewelry , passing through three hands. rises on the whole by 65 %. If the first and the second sellers earned 20 % and 25 % profit respectively, the profit earned by the third seller is
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5efc6bffeb90be58c590074b- 110%true
- 25%false
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Answer : 1. "10% "
Q: Mr. Kiran sold a bus for Rs.18,700 at a loss of 15 %. At what price should the bus be sold to get a profit of 15 %?
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606c2fb86a85553684dde0c1- 1Rs.25,300true
- 2Rs. 25,523false
- 3Rs. 25,522false
- 4Rs. 25, 521false
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