Profit and Loss Practice Question and Answer
8 Q: An oil refinery buys oil at Rs 3600 per barrel. There is 10 % wastage. If the refinery wants to earn 5% profit then at what price should it sell including 8 % tax on selling price? (in Rs per barrel)
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5dca519088990a4b0e802ff0- 13674false
- 23711false
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- 44536true
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Answer : 4. "4536"
Q: A house and a shop were sold for Rs. 1 lakh each, In this transaction, the house sale resulted into 20 % loss whereas the shop sale into 20 % profit. The entire transaction resulted in:
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5d7f1e5f7f06bc6981e04955- 1no loss no gainfalse
- 2gain of Rs. $$ {1\over24}$$false
- 3loss of Rs.$$ {1\over12}$$ lakhtrue
- 4loss of$$ {1\over18}$$ lakhfalse
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Answer : 3. "loss of Rs.$$ {1\over12}$$ lakh "
Q: A shopkeeper sells a TV set on discount of 8% of printed price and gains 25%. If print price was Rs 20000 then, what was the cost price? 5664 05d133cfcd2441c3c5ff90a40
5d133cfcd2441c3c5ff90a40- 1Rs 13800false
- 2Rs 14720true
- 3Rs 14800false
- 4Rs 13720false
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Answer : 2. "Rs 14720"
Q: Cost price of 21 objects is equal to selling price of 15 objects. What is the profit? 5628 05d132f44925caa2d5bbbff66
5d132f44925caa2d5bbbff66- 125%false
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Answer : 4. "40%"
Q: Sarita sells a Phone at a profit of 20%. If she had bought it at 20% less and sold it for Rs. 180 less, she would have gained 25%. Find the cost price of the Phone.
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6073faa5c61d5c2ec9408dd3- 1Rs. 800false
- 2Rs. 850false
- 3Rs. 900true
- 4Rs. 1000false
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Answer : 3. "Rs. 900"
Q: A cycle is sold for Rs.2070 at profit of 15%, at what profit of 15%, at what price it should be sold so as to earn 25% Profit. 5551 05d13299509a40f38019e53a2
5d13299509a40f38019e53a2- 12150false
- 22250true
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Answer : 2. "2250"
Q: A milkman has 20 liters of milk. If he mixes 5 liters of water, which is freely available, in 20 liters of pure milk. If the cost of pure milk is Rs. 18 per litre, then the profit of the milkman, when he sells all the mixture at cost price, is: 5524 65b5cc7d7e4d2b4197775151f
5b5cc7d7e4d2b4197775151f- 120%false
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Answer : 2. "25%"
Explanation :
Answer: B) 25% Explanation: When the water is freely available and all the water is sold at the price of the milk, then the water gives the profit on the cost of 20 litres of milk. Since, the profit % = ProfitCostPricex100 Therefore, profit percentage = 520x100 = 25%
Q: If a dealer wants to earn 40% profit on an article after offering 30% discount, by what percent should be increase his marked price to arrive at the label price? 5414 05d133f3140daee3c552fcb29
5d133f3140daee3c552fcb29- 150%false
- 2100%true
- 3200%false
- 460%false
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