Profit and Loss Questions Practice Question and Answer
8 Q: There is 10% loss if an article is sold at Rs. 270. Then the cost price of the article is
1175 06246d8fca008a64dd39f1ce3
6246d8fca008a64dd39f1ce3- 1Rs 320true
- 2Rs. 250false
- 3Rs. 300false
- 4Rs. 270false
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Answer : 1. "Rs 320 "
Explanation :

Q:Direction: A shopkeeper has some kg. rice of same price. He sold 150 kg. rice at 25 Rs. per kg. and earned a profit of 25%, another 180 kg. rice is sold at a profit of 20% and rest are sold at a loss of 10%. If the shopkeeper earns Rs. 1230 profit on all the rice that he has sold then answers the following question:
If the shopkeeper earns 10% profit instead of 10% loss on the rest rice then find the difference between the old and new profit.
1171 05eb11506566500732ed068ed
5eb11506566500732ed068ed- 1Rs.450false
- 2Rs.400false
- 3Rs.480true
- 4Rs. 420false
- 5None of thesefalse
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Answer : 3. "Rs.480 "
Q: The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss is
1161 05ec5f5af980ff60a66c35afe
5ec5f5af980ff60a66c35afe- 120% gainfalse
- 225% gainfalse
- 333.33% lossfalse
- 440% losstrue
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Answer : 4. "40% loss "
Q: A shopkeeper sold sarees at Rs. 266 each after giving 5 % discount on labelled price. Had he not given the discount, he would have earned a profit of 12 % on the cost price. What was the cost price of each saree?
1159 05efd3996196e681f76ec5b0b
5efd3996196e681f76ec5b0b- 1Rs. 240false
- 2Rs. 250true
- 3Rs. 280false
- 4Rs. 260false
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Answer : 2. "Rs. 250 "
Q: By selling 25 m of cloth a man gains the selling price of 5 m of cloth. Find the gain percent?
1152 05ec71f119d324637e76c0591
5ec71f119d324637e76c0591- 125 %true
- 220 %false
- 330 %false
- 422 %false
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Answer : 1. "25 %"
Q: Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?
1145 06426da015bff3d098d16cf64
6426da015bff3d098d16cf64- 1₹ 2,000false
- 2₹ 2,450false
- 3₹ 1,900false
- 4₹ 2,200true
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Answer : 4. "₹ 2,200"
Q: Ram sold an article for Rs 380 at some profit. Had he sold it for Rs 300, then there would have been a loss equal to one-third at the initial point. What was the cost price of the article?
1141 0602e419d6d461f6639881a26
602e419d6d461f6639881a26- 1320true
- 2350false
- 3420false
- 4450false
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Answer : 1. "320 "
Q: Bananas are bought at 3 for Rs. 2 and sold at 5 for Rs. 4. Find the gain or loss percent.
1132 0601905a2552e5f41f7ac408d
601905a2552e5f41f7ac408d- 125%false
- 220%true
- 330%false
- 415%false
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