Profit and Loss Practice Question and Answer
8 Q: Mohan, a shopkeeper, bought a shirt of list price ₹225 at a discount of 20%. If he wants a profit of 30% then he should sell the shirt for:
5095 05de74a24a2451c6057501946
5de74a24a2451c6057501946- 1₹230false
- 2₹234true
- 3₹256false
- 4₹286false
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Answer : 2. "₹234"
Explanation :
Mohan CP =225*20/100=45
so that CP =225-45=180
Selling price when he wants 30% profit=180*130/100=234
Q: Cost of 36 pens and 42 Pencils is Rs 460. What is the cost of 18 pens and 21 pencils?
1818 05df0b8600183ea49d62ac237
5df0b8600183ea49d62ac237- 1230true
- 2203false
- 3302false
- 4320false
- 5None of thesefalse
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Answer : 1. "230"
Explanation :
(36 Pens + 42 Pencils)=460
2(18Pens + 21 Pencils) = 460
18 Pens +21 Pencils =230 Ans.
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?
1172 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: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 the percent profit on the transaction?
1145 05df0b5840183ea49d62ac0e3
5df0b5840183ea49d62ac0e3An 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.
- 16.8%false
- 26.3%false
- 36.4 %true
- 46.6 %false
- 56.2%false
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Answer : 3. "6.4 %"
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 the marked price of the article?
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5df0b4e6004abe5c78f74f21An 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 6207false
- 2Rs 6242false
- 3Rs 6292false
- 4Rs 6192false
- 5Rs 6272true
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Answer : 5. "Rs 6272"
Q: A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs. 162. The cost price of the article is
1981 05de495ef6528fb7f3ab00d26
5de495ef6528fb7f3ab00d26- 1Rs. 450true
- 2Rs. 600false
- 3Rs. 360false
- 4Rs. 540false
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Answer : 1. "Rs. 450"
Q: Profit after selling a commodity for 524 is the same as loss after selling it for Rs. 452. The cost price of the commodity is
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5ddfc6a70fc39a7688757a3b- 1480false
- 2500false
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Answer : 3. "488 "
Q: A shopkeeper has 11 books of same cost price. He sells the first book at certain price, then he sells second book at a price which is ₹ 1 less than the selling price of first book and then he sells third book at a price which is ₹1 less than the selling price of second book. Following this pattern, he sold all 11 books. If he sells sixth book at its cost price. Find the overall percent profit or loss on selling all 11 books.
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5dd37ade874d2d52fa316a87- 120%false
- 210%false
- 3$$ {1\over 11}\% $$false
- 4No profit no Losstrue
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