Profit and Loss Practice Question and Answer
6 Q:Answer the following questions
Rama dealing in bedsheets allows 4% discount on the marked price. What price must be marked on a bedsheet that cost Rs. 480 so as to make a profit of 10%?
1080 063bd5c1161d62119f1d53419
63bd5c1161d62119f1d53419- 1Rs. 520false
- 2Rs. 650false
- 3Rs. 620false
- 4Rs. 550true
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Answer : 4. "Rs. 550"
Q: While selling a watch, a shop- keeper gives a discount of 5%. If he gives a discount of 7%, he earns ₹15 less as profit. The marked price of the watch is
1076 06400bac9a9f6c7de51a26e46
6400bac9a9f6c7de51a26e46- 1₹ 697.5false
- 2₹ 712.5false
- 3₹ 750true
- 4None of thesefalse
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Answer : 3. "₹ 750 "
Q: A shopkeeper charges his customers 15% above the cost price, if a customer has bought a sofa-set for 9039, then for how much did the shopkeeper buy it?
1047 063108f5e7c72c07784687b91
63108f5e7c72c07784687b91- 1Rs. 7880false
- 27660false
- 37860true
- 47680false
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Answer : 3. "7860 "
Q: The item costing Rs. 840 was sold by A shopkeeper at a gain of 10% and it was again sold by the new buyer at the loss of 5%. find the selling price of the item is
1041 162ff7aa5047feb0792711992
62ff7aa5047feb0792711992- 1Rs. 877.80true
- 2Rs. 798false
- 3Rs. 924false
- 4Rs. 37.80false
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Answer : 1. "Rs. 877.80"
Q: A wateh dealer pays 10% customs duty on a watch which costs Rs. 500 abroad. He de- sires to make a profit of 20% after giving a discount of 25% to the buyer. The marked price should be
1010 06400bc9f35d86258eccfa330
6400bc9f35d86258eccfa330- 1Rs. 950false
- 2Rs. 800false
- 3Rs. 880true
- 4Rs. 660false
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Answer : 3. "Rs. 880 "
Q: 4% of the selling price of an article is equal to 5% of its cost price. Again 20% of the selling price is Rs. 120 more than 22% of its cost price. The ratio of cost price & selling price is
1004 06400bd4586fd4161466ad5aa
6400bd4586fd4161466ad5aa- 12:3false
- 24:5true
- 33:2false
- 45:4false
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