Profit and Loss Practice Question and Answer
8 Q: A person sold a horse with a profit of 15 percent. If he had bought it for 25 percent less and sold it for less than 60 rupees, he would have gained 32 percent. The purchase price of the horse was.
1419 05f76cc6853f6013e85c029f5
5f76cc6853f6013e85c029f5- 1Rs.370false
- 2Rs.372false
- 3Rs.375true
- 4Rs.378false
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Answer : 3. "Rs.375"
Q: A cloth merchant on selling 33 metres of cloth obtains a profit equal to the selling price of 11 metres of cloth , the profit is
1416 05ef40c82d40ebf3f783309f0
5ef40c82d40ebf3f783309f0- 150%true
- 211%false
- 340%false
- 422%false
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Answer : 1. "50% "
Q: Cost price of 25 chairs equals the selling price of 20 chairs. Find the profit %.
1415 06078143263b9781494e3faaa
6078143263b9781494e3faaa- 120%false
- 233%false
- 325%true
- 412.5%false
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Answer : 3. "25%"
Q: Vivek buys 3 shirts at an average price of Rs. 1250. If he buys 2 more shirts at an average price of Rs. 1450. What will be the average price (in Rs.) of all the 5 shirts he buys?
1413 05f2a7212cef453383f1e6111
5f2a7212cef453383f1e6111- 11350false
- 21390false
- 31330true
- 41310false
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Answer : 3. "1330"
Q: If a discount of 10% is allowed on the marked price of an article, a shopkeeper gets a profit of 25 %. If he offers a discount of 25% on the marked price of the same article, then his percentage profit/loss will be:
1407 060531866528a962d2e429ae1
60531866528a962d2e429ae1- 14 % profitfalse
- 2$$ {4 {1\over 6}}{ \%}$$ lossfalse
- 3$$ {4 {1\over 6}}{ \%}$$ profittrue
- 44 % lossfalse
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Answer : 3. "$$ {4 {1\over 6}}{ \%}$$ profit"
Q: A radio is sold for Rs.900 at 10% profit. If it had been sold for Rs 890, what would have been the actual profit or loss?
1406 063285bcca323937dac07886c
63285bcca323937dac07886c- 1profit of Rs.10false
- 2profit of Rs.90false
- 3profit of Rs.90false
- 4a loss of Rs 10true
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Answer : 4. "a loss of Rs 10"
Q: A merchant loses 10% by selling an article. If the cost price of the article is ₹ 15, then the selling price of the article is
1406 06246d6e89809e154c70525c2
6246d6e89809e154c70525c2- 1₹ 12.30false
- 2₹ 13.50true
- 3₹ 13.20false
- 4₹ 16.50false
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Answer : 2. "₹ 13.50"
Explanation :

Q: A manufacturer fixes his selling price at $$33{1\over3}\% $$ over the cost of production. If the cost of production goes up by 12 % and manufacturer raises his selling price by 10%, his percentage profit is
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5efd3ed4eb90be58c5918ce9- 135%false
- 2$$28{3\over8}\%$$false
- 3$$36{5\over9}\%$$false
- 4$$30{20\over21}\%$$true
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