Profit and Loss Questions Practice Question and Answer
8 Q: By selling a car for ₹ 64,000, Mr. Rao lost 20%. Then the cost price of the car is :
928 06246cd85e6c50b4b29b7f705
6246cd85e6c50b4b29b7f705- 1₹ 80,000true
- 2₹ 84,000false
- 3₹ 72,000false
- 4₹ 76,800false
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Answer : 1. "₹ 80,000 "
Explanation :

Q: An item when sold for ₹ 1,690 earned 30% profit on the cost price. Then the cost price is
925 06246ce26e6c50b4b29b7fd4a
6246ce26e6c50b4b29b7fd4a- 1₹ 1,300true
- 2₹ 130false
- 3₹ 507false
- 4₹ 630false
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Answer : 1. "₹ 1,300 "
Explanation :

Q: A cloth merchant on selling 33 metres of cloth obtain a profit equal to the selling price of 11 metre of cloth the profit is
923 062ff7762a6d1894ab156b2f5
62ff7762a6d1894ab156b2f5- 140%false
- 222%false
- 350%true
- 411%false
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Answer : 3. "50%"
Q: Which one of the following costs more?
I. 200 packets of ₹ 250 each
II . 20 dozens of ₹ 250 each
923 0622b2fe57c4208076bab6480
622b2fe57c4208076bab6480- 1Ifalse
- 2IItrue
- 3Both I and II are equalfalse
- 4Cannot be calculatedfalse
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Answer : 2. "II"
Q: On selling an article for ₹651, there is a loss of 7%. The cost price of that article is
918 06246c7b2a008a64dd39ec8fd
6246c7b2a008a64dd39ec8fd- 1₹793false
- 2₹700true
- 3₹744false
- 4₹751false
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Answer : 2. "₹700"
Explanation :

Q: A salesman expects a gain of 13% on his cost price. If in a month his sale was ₹ 7,91,000, what was his profit ?
914 06246cce8a008a64dd39ef0b7
6246cce8a008a64dd39ef0b7- 1₹ 91,000true
- 2₹ 97,786false
- 3₹ 85,659false
- 4₹ 88,300false
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Answer : 1. "₹ 91,000 "
Explanation :

Q: A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is ₹80 more than that of A, then D bought it for:
914 064b90e7388d5e4f52ddf7bf3
64b90e7388d5e4f52ddf7bf3- 1₹700false
- 2₹680false
- 3₹652false
- 4₹702true
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Answer : 4. "₹702"
Q: A merchant purchases a wrist watch for ₹ 450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is
913 06246cf529809e154c7050fac
6246cf529809e154c7050fac- 1₹ 550false
- 2₹ 600true
- 3₹ 650false
- 4₹ 700false
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Answer : 2. "₹ 600"
Explanation :


