Profit and Loss Questions Practice Question and Answer
8 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:
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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: By selling 100 pencils, a shopkeeper gains the selling price of 20 pencils, His gain percent is:
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5feeebc51f464d74015a0051- 120%false
- 225%true
- 315%false
- 412%false
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Answer : 2. "25%"
Q: The cost price of 20 articles is the same as the selling price of x articles. If there is 25% gain, then the value of x
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608fc80c8ab6116292311554- 115false
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Answer : 2. "16"
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
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5efd36d27228dd6b06e2843f- 1Rs. 2,800false
- 2Rs. 3,000false
- 3Rs. 2,600false
- 4Rs. 2,700true
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Answer : 4. "Rs. 2,700 "
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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Answer : 1. "Rs.25,300"
Q: A seller gives 15% discount on an item, if he marked up the price of item 40% above C.P and while selling he cheats the buyer by giving 10% less in weight. Find this overall profit percent (approximately).
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62f3888809a97851b6327359- 132%true
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Answer : 1. "32%"
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
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Answer : 3. "6.4 %"
Q: By selling 90 chocolates for Rs. 160, a chocolate trader loses 20%. How many chocolates should he sell for Rs. 96 to make a profit of 20%?
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6078097bc61d5c2ec94cebca- 145false
- 236true
- 354false
- 428false
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