Profit and Loss Practice Question and Answer
8 Q: A shopkeeper gains 20 percent by giving a discount of 10 percent of the marked price of a toy. If he had given a discount of 20 percent, then what would be his profit percentage?
1176 05f9be27ad433054b5ca00be6
5f9be27ad433054b5ca00be6- 1$$ {6\ {2\over 3}}$$true
- 2$$ {8\ {1\over 3}}$$false
- 310false
- 415false
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Answer : 1. "$$ {6\ {2\over 3}}$$"
Q: A shopkeeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain , in percentage is:
1175 0606c34606a85553684dde951
606c34606a85553684dde951- 122false
- 221false
- 323true
- 424false
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Answer : 3. "23"
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?
1173 05df0b606004abe5c78f74f80
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: 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
1172 06246d84d398e4a497b442ac1
6246d84d398e4a497b442ac1- 1Rs. 4false
- 2Rs. 6false
- 3Rs. 5true
- 4Rs. 7false
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Answer : 3. "Rs. 5 "
Explanation :

Q: An article is sold at a profit of 25 %. If the selling price is doubled, the profit % will be:
1159 05efd3e5ceb90be58c5918cd7
5efd3e5ceb90be58c5918cd7- 1100%false
- 250%false
- 3200%false
- 4150%true
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Answer : 4. "150% "
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:
1155 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: By selling 100 pencils, a shopkeeper gains the selling price of 20 pencils, His gain percent is:
1153 05feeebc51f464d74015a0051
5feeebc51f464d74015a0051- 120%false
- 225%true
- 315%false
- 412%false
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Answer : 2. "25%"
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 %?
1150 0606c2fb86a85553684dde0c1
606c2fb86a85553684dde0c1- 1Rs.25,300true
- 2Rs. 25,523false
- 3Rs. 25,522false
- 4Rs. 25, 521false
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