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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6337205e2ff7535af68887dc- 125%false
- 240%false
- 350%false
- 4125%true
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Answer : 4. "125%"
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: On selling an article for ₹651, there is a loss of 7%. The cost price of that article is
1036 06246c7b2a008a64dd39ec8fd
6246c7b2a008a64dd39ec8fd- 1₹793false
- 2₹700true
- 3₹744false
- 4₹751false
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Answer : 2. "₹700"
Explanation :

Q: The profit earned by selling an article for ₹832 is equal to the loss incurred when the article is sold for ₹448. What will be the selling price of the article if it is sold at a ₹10%, loss?
1028 06479d594bf323e479a8002bb
6479d594bf323e479a8002bb- 1₹576true
- 2₹540false
- 3₹625false
- 4₹640false
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Answer : 1. "₹576 "
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
- 4Rs.600false
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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?
987 06246c67a398e4a497b43d0bd
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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630de4ad7c72c077845c2f8d- 116false
- 218true
- 315false
- 420false
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Answer : 2. "18"
Q: A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price. What is his overall profit/loss per cent?
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64c76623a919c8488e1e2375- 1Loss 2.8%false
- 2Profit 2.8%false
- 3Profit 3.6%true
- 4Loss 3.6%false
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