Profit and Loss Practice Question and Answer
8 Q: The selling price of the product was equal to 50% of its cost price. Two gradual discounts were offered on the product. If the first discount was 20%, then what was the second discount?
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5f6d8a7df9079a64e3bf076b- 130 %false
- 237.5 %true
- 325 %false
- 433.33 %false
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Answer : 2. "37.5 %"
Q: A shopkeeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain , in percentage is:
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606c34606a85553684dde951- 122false
- 221false
- 323true
- 424false
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Answer : 3. "23"
Q: A fruit merchant makes a profit of 25% by selling mangoes at a certain price. If he charges Re. 1 more on each mango, he would gain 50%. At first the price of one mango was
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6246d84d398e4a497b442ac1- 1Rs. 4false
- 2Rs. 6false
- 3Rs. 5true
- 4Rs. 7false
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Answer : 3. "Rs. 5 "
Explanation :

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: An article is sold at a profit of 25 %. If the selling price is doubled, the profit % will be:
1161 05efd3e5ceb90be58c5918cd7
5efd3e5ceb90be58c5918cd7- 1100%false
- 250%false
- 3200%false
- 4150%true
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Answer : 4. "150% "
Q: By selling 100 pencils, a shopkeeper gains the selling price of 20 pencils, His gain percent is:
1158 05feeebc51f464d74015a0051
5feeebc51f464d74015a0051- 120%false
- 225%true
- 315%false
- 412%false
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Answer : 2. "25%"
Q: A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is:
1157 05efc6ebeeb90be58c5901730
5efc6ebeeb90be58c5901730- 1$$1{1\over5}$$true
- 2$$2{1\over5}$$false
- 3$$2{1\over2}$$false
- 42false
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Answer : 1. " $$1{1\over5}$$"
Q: Mr. Kiran sold a bus for Rs.18,700 at a loss of 15 %. At what price should the bus be sold to get a profit of 15 %?
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606c2fb86a85553684dde0c1- 1Rs.25,300true
- 2Rs. 25,523false
- 3Rs. 25,522false
- 4Rs. 25, 521false
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