Profit and Loss Practice Question and Answer
8 Q: A shopkeeper sold sarees at Rs. 266 each after giving 5 % discount on labelled price. Had he not given the discount, he would have earned a profit of 12 % on the cost price. What was the cost price of each saree?
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5efd3996196e681f76ec5b0b- 1Rs. 240false
- 2Rs. 250true
- 3Rs. 280false
- 4Rs. 260false
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Answer : 2. "Rs. 250 "
Q: The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss is
1097 05ec5f5af980ff60a66c35afe
5ec5f5af980ff60a66c35afe- 120% gainfalse
- 225% gainfalse
- 333.33% lossfalse
- 440% losstrue
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Answer : 4. "40% loss "
Q: Ram sold an article for Rs 380 at some profit. Had he sold it for Rs 300, then there would have been a loss equal to one-third at the initial point. What was the cost price of the article?
1090 0602e419d6d461f6639881a26
602e419d6d461f6639881a26- 1320true
- 2350false
- 3420false
- 4450false
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Answer : 1. "320 "
Q: The profit on selling an article for Rs.1,100 is equal to three times the amount of loss on selling it for Rs.700. To gain 12.5%, the article must be sold for:
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6051c4bdd3e3d30b29d99cca- 1Rs.956false
- 2Rs.877.50false
- 3Rs.787.50false
- 4Rs.900true
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Answer : 4. "Rs.900"
Q: An article is sold for Rs 4,777 after giving a discount of 15%. What is the marked price of the article?
1087 06116270c9c8721103cad168d
6116270c9c8721103cad168d- 15495false
- 25420false
- 35620true
- 45348false
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Answer : 3. "5620"
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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Answer : 4. "$$30{20\over21}\%$$"
Q: There is 10% loss if an article is sold at Rs. 270. Then the cost price of the article is
1073 06246d8fca008a64dd39f1ce3
6246d8fca008a64dd39f1ce3- 1Rs 320true
- 2Rs. 250false
- 3Rs. 300false
- 4Rs. 270false
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Answer : 1. "Rs 320 "
Explanation :

Q: Vishal sells a bag at a profit of 40%. If Vishal's profit is ₹880, then what is the cost price of the bag?
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6426da015bff3d098d16cf64- 1₹ 2,000false
- 2₹ 2,450false
- 3₹ 1,900false
- 4₹ 2,200true
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