Profit and Loss Practice Question and Answer
8 Q: If books bought at prices from ₹150 to ₹ 300 are sold at prices ranging from ₹ 250 to ₹350, what is the greatest possible profit that might be made in selling 15 books ?
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6246d5ad398e4a497b4421d3- 1₹ 750false
- 2₹ 4,250false
- 3₹ 3,000true
- 4Cannot be determinedfalse
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Answer : 3. "₹ 3,000"
Explanation :

Q: The cost price of a radio is₹ 600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be
1184 06246d018e6c50b4b29b8032f
6246d018e6c50b4b29b8032f- 1₹ 704.50false
- 2₹ 724.50true
- 3₹ 664.50false
- 4₹ 684.50false
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Answer : 2. "₹ 724.50 "
Explanation :

Q: A trader marks his goods at 20% above cost price. If he allows a discount of 5% what is his final profit%?
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6078156d63b9781494e3fd85- 112%false
- 214%true
- 315%false
- 418%false
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Answer : 2. "14%"
Q: A man sells an article at 5 % above its cost price. If he had bought it at 5 % less than what he had paid for it and sold it at Rs. 2 less, he would have gained 10 %. The cost price of the article is
1177 05efd3b3b7228dd6b06e28a5b
5efd3b3b7228dd6b06e28a5b- 1Rs. 400true
- 2Rs. 100false
- 3Rs. 200false
- 4Rs. 300false
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Answer : 1. "Rs. 400"
Q: By selling an article at 2/3 of the Marked price, there is a loss of 10%. The profit percent when the article is sold at the Marked prices
1175 062ff7b8ffef7996822ddfb52
62ff7b8ffef7996822ddfb52- 120%false
- 230%false
- 335%true
- 440%false
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Answer : 3. "35%"
Q: Shivani purchased five pens for ₹600. She sells these five pens at the rate of ₹50 per pen. What is the approximate lo percentage that Shivani incurred on selling the five pens?
1172 06433cfa832185cce372c5000
6433cfa832185cce372c5000- 158.33%true
- 248.33%false
- 353.33%false
- 461.66%false
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Answer : 1. "58.33%"
Q: A Shopkeeper marks his goods 20 % above its cost price and gives 15 % discount on the marked price. Find the gain?
1170 060b71348cef13e72bbf96aef
60b71348cef13e72bbf96aef- 12 %true
- 23 %false
- 34 %false
- 45 %false
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Answer : 1. "2 %"
Q: If the loss is 20%, by what fraction should the selling price be multiplied to get the cost price?
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6321bb433169cb1b15680415- 14/5false
- 28/5false
- 35/4true
- 46/5false
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