Profit and Loss Questions Practice Question and Answer
8 Q: A man bought three articles, each of which cost Rs 3000. He sold those articles at 10% profit, 5% profit and 15% loss respectively. What is the total profit/loss percentage earned by him?
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6321bb9964c0411bf18aa7a4- 110% lossfalse
- 25% lossfalse
- 35% profitfalse
- 4no profit no losstrue
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Answer : 4. "no profit no loss"
Q: The profit earned by selling an article for ₹832 is equal to the loss incurred when the article is sold for ₹448. What will be the selling price of the article if it is sold at a ₹10%, loss?
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6479d594bf323e479a8002bb- 1₹576true
- 2₹540false
- 3₹625false
- 4₹640false
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Answer : 1. "₹576 "
Q: By selling an article for Rs. 600 there is a profit of 20%. What is the cost price of the article?
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632284373f5a4d2dcff467c8- 1600false
- 2457false
- 3244false
- 4500true
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Answer : 4. "500"
Q: A dishonest dealer professes to sell his goods at cost price but uses a false weight and thus gains 15%. For a kilogram, he uses a weight of _________ (rounded off to one digit after decimal).
813 0647f56c4f4063d472f2d3177
647f56c4f4063d472f2d3177- 1833.3 gmfalse
- 2876.7 gmfalse
- 3869.6 gmtrue
- 4898.33 gmfalse
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Answer : 3. "869.6 gm"
Q: A shopkeeper on selling 33 metres of cloth obtain a profit equal to the selling price of 11 metre of cloth the profit is
810 062ff7981fef7996822ddf60b
62ff7981fef7996822ddf60b- 140%false
- 222%false
- 350%true
- 411%false
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Answer : 3. "50%"
Q: Shivani purchased five pens for ₹600. She sells these five pens at the rate of ₹50 per pen. What is the approximate lo percentage that Shivani incurred on selling the five pens?
806 06433cfa832185cce372c5000
6433cfa832185cce372c5000- 158.33%true
- 248.33%false
- 353.33%false
- 461.66%false
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Answer : 1. "58.33%"
Q: If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10% discount then what will be profit?
802 06337205e2ff7535af68887dc
6337205e2ff7535af68887dc- 125%false
- 240%false
- 350%false
- 4125%true
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Answer : 4. "125%"
Q: A merchant marked the price of an article by incresing its pro- duction cost by 40% .Now he al- lows 20% discount and gets a profit of Rs. 48 after selling it. The production cost is
794 06400bc3335d86258eccfa256
6400bc3335d86258eccfa256- 1Rs. 320false
- 2Rs. 360false
- 3Rs. 400true
- 4Rs 440false
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