Profit and Loss Practice Question and Answer
8 Q: If the cost of production of an article is 2/5 of its marked retail price, If it is sold at 10% discount then what will be profit?
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Answer : 4. "125%"
Q: There is a profit of 10% when an item is sold at $${{5\over6}}$$ of its actual selling price. What will be the profit percentage on the cost price when the item is sold at its actual selling price?
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Answer : 2. "32%"
Q: A fan is listed at ₹ 150 and a discount of 20% is given. Then the selling price is
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6246cec8e6c50b4b29b7fe44- 1₹ 120true
- 2₹ 110false
- 3₹ 180false
- 4₹ 150false
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Answer : 1. "₹ 120 "
Explanation :

Q: Remi earns a profit of 20% on selling an article at a certain price. If she sells the articles for ₹8 more, she will gain 30%. What is the original cost price of 16 such articles?
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64b90cd3e2108a723934c7eb- 1₹1,152false
- 2₹1,120false
- 3₹1,280true
- 4₹1,200false
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Answer : 3. "₹1,280"
Q: Shopkeeper sold an article after allowing two successive discounts of 15% and 20% on it. If shopkeeper earned 2% profit on selling the article and total discount allowed by him is Rs. 192, then find cost price of the article?
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63d29910e144980db72d08b0- 1Rs.500false
- 2Rs.400true
- 3Rs.300false
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Answer : 2. "Rs.400"
Q: A man buys a cycle for ₹1400 and sells it at a loss of 15%. What is the selling price of the cycle?
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6246c67a398e4a497b43d0bd- 1₹1160false
- 2₹1000false
- 3₹1202false
- 4₹1190true
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Answer : 4. "₹1190 "
Explanation :

Q: Total cost of A pens and (A-2) pencils is Rs 424. If one pencil and one pen costs Rs 4 and Rs 20 respectively then find A?
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Answer : 2. "18"
Q: The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain per- cent will be
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