Profit and Loss Practice Question and Answer
8 Q: The marked price of a table fan is ₹3,750 and is available to the retailer at a discount of 20%. At what price should the retailer sell it to earn a profit of 15%?
1723 064479811cd6ea382cf821e76
64479811cd6ea382cf821e76- 1₹3,450true
- 2₹3,350false
- 3₹3,300false
- 4₹3,400false
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Answer : 1. "₹3,450"
Q: A merchant sells a radio at 10 % profit if he bought 10% less and sold it Rs.132 less then he got 10% profit. Find the cost price of radio?
1720 05ec7cd82112c8637e1b4fe6f
5ec7cd82112c8637e1b4fe6f- 11100false
- 21200true
- 31300false
- 41320false
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Answer : 2. "1200"
Q: A man has 60 pens. He sells some of these at a profit of 12 % and the rest at 8 % loss. On the whole, he gets a profit 11 %. How many pens were sold at 12 % profit.
1716 15fc47671070eb7152d7e9cf7
5fc47671070eb7152d7e9cf7- 147false
- 252false
- 355false
- 457true
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Answer : 4. "57"
Q: A tradesman marks his goods at 20 % above the cost price. He allows his customers a discount of 8% on marked price. Find out his profit percent.
1714 05e268e054064eb35eef6433a
5e268e054064eb35eef6433a- 112 %false
- 210.4 %true
- 316 %false
- 420 %false
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Answer : 2. "10.4 %"
Q: If a man were to sell his chair for Rs. 720, he would loss 25 %. To gain 25% he should sell it for__
1713 05f1544c99a713b0717c7974f
5f1544c99a713b0717c7974f- 1Rs. 1,200true
- 2Rs. 1,000false
- 3Rs. 960false
- 4Rs. 900false
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Answer : 1. "Rs. 1,200"
Q: A trader sells two items at the rate of Rs 400 each. If he gains 15% on one and losses 15% on other, then what is the value (in Rs) of loss?
1712 05f30d194bcbb69394d1c8eb3
5f30d194bcbb69394d1c8eb3- 124.36false
- 222.14false
- 320.25false
- 418.41true
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Answer : 4. "18.41"
Q: Last year Mr. A bought two paintings. This year he sold them for Rs. 20,000 each. On one, he made a 25 % profit and of the other he had a 25 % loss. Then his net profit or loss is
1705 05efd5101d4461c5b47d85bf4
5efd5101d4461c5b47d85bf4- 1He earned more than Rs. 2000false
- 2He earned less than Rs . 2000false
- 3He lost more than Rs. 2000true
- 4He lost more than Rs. 2000false
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Answer : 3. "He lost more than Rs. 2000 "
Q: Selling price of an article is $${7\over6}$$ of cost price. What is the profit percentage?
1703 05eb94f8064cb07648b62f9f5
5eb94f8064cb07648b62f9f5- 1$$14{7\over6}\% $$false
- 2$$12{1\over2}\% $$false
- 320%false
- 4$$16{2\over3}\% $$true
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