Profit and Loss Questions Practice Question and Answer
8 Q: A manufacturer fixes his selling price at $$33{1\over3}\% $$ over the cost of production. If the cost of production goes up by 12 % and manufacturer raises his selling price by 10%, his percentage profit is
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5efd3ed4eb90be58c5918ce9- 135%false
- 2$$28{3\over8}\%$$false
- 3$$36{5\over9}\%$$false
- 4$$30{20\over21}\%$$true
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Answer : 4. "$$30{20\over21}\%$$"
Q: There is 10% loss if an article is sold at Rs. 270. Then the cost price of the article is
1073 06246d8fca008a64dd39f1ce3
6246d8fca008a64dd39f1ce3- 1Rs 320true
- 2Rs. 250false
- 3Rs. 300false
- 4Rs. 270false
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Answer : 1. "Rs 320 "
Explanation :

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?
1069 06426da015bff3d098d16cf64
6426da015bff3d098d16cf64- 1₹ 2,000false
- 2₹ 2,450false
- 3₹ 1,900false
- 4₹ 2,200true
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Answer : 4. "₹ 2,200"
Q: Two - third of a consignment was sold at a profit of 5% and the remaining at a loss of 2 %. If the total profit was Rs. 400. then the value of the consignment was
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5efc7750eb90be58c5903259- 1Rs . 16,000false
- 2Rs . 16,500false
- 3Rs . 15,000true
- 4Rs . 15,500false
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Answer : 3. "Rs . 15,000 "
Q: Two things were sold at same sale-price. One thing got 10% profit and another suffered 10% loss. The difference of their purchase price will be in multiple of which number.Tell_____.
1065 06337237393021d4ee41cc654
6337237393021d4ee41cc654- 110false
- 220true
- 315false
- 425false
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Answer : 2. "20"
Q: A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth , the profit is
1062 05ef40c82d40ebf3f783309f0
5ef40c82d40ebf3f783309f0- 150%true
- 211%false
- 340%false
- 422%false
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Answer : 1. "50% "
Q: When a mobile is sold at 6 percent profit, it gets Rs. 870 more than it is sold at 6 percent loss. So what is the purchase price of mobile?
1061 05f97f2cef6ce7f2367fdf82c
5f97f2cef6ce7f2367fdf82c- 17250true
- 27266false
- 37217false
- 47243false
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Answer : 1. "7250"
Q: If a trader finds out that his profit is equal to 20 percent of the selling price, then his actual profit is.
1050 060373ef89d90e74af72ad62e
60373ef89d90e74af72ad62e- 120 %false
- 222 %false
- 325 %true
- 430 %false
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