Profit and Loss Questions Practice Question and Answer
8 Q: A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?
880 06078156d63b9781494e3fd85
6078156d63b9781494e3fd85- 112%false
- 214%true
- 315%false
- 418%false
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Answer : 2. "14%"
Q: On selling an article for ₹651, there is a loss of 7%. The cost price of that article is
875 06246c7b2a008a64dd39ec8fd
6246c7b2a008a64dd39ec8fd- 1₹793false
- 2₹700true
- 3₹744false
- 4₹751false
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Answer : 2. "₹700"
Explanation :

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
873 06246cf529809e154c7050fac
6246cf529809e154c7050fac- 1₹ 550false
- 2₹ 600true
- 3₹ 650false
- 4₹ 700false
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Answer : 2. "₹ 600"
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:
867 064b90e7388d5e4f52ddf7bf3
64b90e7388d5e4f52ddf7bf3- 1₹700false
- 2₹680false
- 3₹652false
- 4₹702true
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Answer : 4. "₹702"
Q: Which one of the following costs more?
I. 200 packets of ₹ 250 each
II . 20 dozens of ₹ 250 each
864 0622b2fe57c4208076bab6480
622b2fe57c4208076bab6480- 1Ifalse
- 2IItrue
- 3Both I and II are equalfalse
- 4Cannot be calculatedfalse
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Answer : 2. "II"
Q: If the cost price of 25 perts is equal to the selling price of 20 pens, then profit percent is
852 06400bb31a9f6c7de51a26e7f
6400bb31a9f6c7de51a26e7f- 120%false
- 225%true
- 315%false
- 45%false
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Answer : 2. "25% "
Q: By selling a car for ₹ 64,000, Mr. Rao lost 20%. Then the cost price of the car is :
851 06246cd85e6c50b4b29b7f705
6246cd85e6c50b4b29b7f705- 1₹ 80,000true
- 2₹ 84,000false
- 3₹ 72,000false
- 4₹ 76,800false
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Answer : 1. "₹ 80,000 "
Explanation :

Q: If the shopkeeper sold the mobile for Rs.15000 and then he gets some loss. If he sold the same mobile at Rs.19200 and then he gets profit is double of loss. Find the cost price of the mobile?
850 062f388da3342ab118439c1e0
62f388da3342ab118439c1e0- 1Rs.16000false
- 2Rs.18000false
- 3Rs.17500false
- 4Rs.15500false
- 5None of thesetrue
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