Profit and Loss Questions Practice Question and Answer
8 Q: The cost price of an article is ₹390. If it is to be sold at a profit of 3.12 %, how much would be its approximate selling price?
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Answer : 2. "402 ₹"
Q: Mohan, a shopkeeper, bought a shirt of list price ₹225 at a discount of 20%. If he wants a profit of 30% then he should sell the shirt for:
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5de74a24a2451c6057501946- 1₹230false
- 2₹234true
- 3₹256false
- 4₹286false
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Answer : 2. "₹234"
Explanation :
Mohan CP =225*20/100=45
so that CP =225-45=180
Selling price when he wants 30% profit=180*130/100=234
Q: Cost of 36 pens and 42 Pencils is Rs 460. What is the cost of 18 pens and 21 pencils?
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5df0b8600183ea49d62ac237- 1230true
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Answer : 1. "230"
Explanation :
(36 Pens + 42 Pencils)=460
2(18Pens + 21 Pencils) = 460
18 Pens +21 Pencils =230 Ans.
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: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: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 marked price of the article?
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5df0b4e6004abe5c78f74f21An 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 6207false
- 2Rs 6242false
- 3Rs 6292false
- 4Rs 6192false
- 5Rs 6272true
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Answer : 5. "Rs 6272"
Q: A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs. 162. The cost price of the article is
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5de495ef6528fb7f3ab00d26- 1Rs. 450true
- 2Rs. 600false
- 3Rs. 360false
- 4Rs. 540false
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Answer : 1. "Rs. 450"
Q: Profit after selling a commodity for 524 is the same as loss after selling it for Rs. 452. The cost price of the commodity is
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- 2500false
- 3488true
- 4485false
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