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Profit & Loss · Exercise 1 of 5

Profit & Loss General Questions

  • 30 questions
  • Page 2 of 3
  • Answers explained
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Question 11
On selling 17 balls at ₹ 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

A ₹ 45
B ₹ 50
C ₹ 55
D ₹ 60
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Question 12
When a plot is sold for ₹ 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

A ₹ 21,000
B ₹ 22,500
C ₹ 25,300
D ₹ 25,800
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Question 13
A person purchases 90 clocks and sells 40 clocks at a gain of 10% and 50 clocks at a gain of 20%. If he sold all of them at a uniform profit of 15%, then he would have got ₹ 40 less. The cost price of each clock is:

A ₹ 50
B ₹ 60
C ₹ 80
D ₹ 90
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Question 14
By selling an umbrella for ₹ 300, a shop keeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:

A 7
B 7.5
C 8
D 9
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Question 15
Albert buys 4 horses and 9 cows for ₹ 13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of ₹ 1880. The cost of a horse is:

A ₹ 1000
B ₹ 2000
C ₹ 2500
D ₹ 3000
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Question 16
The cash difference between the selling prices of an article at a profit of 4% and 6% is ₹ 3. The ratio of the two selling prices is:

A 51:52
B 52:53
C 51:53
D 52:55
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Question 17
The price of a VCR is marked at ₹ 12,000. If successive discounts of 15%, 10% and 5% be allowed, then at what price does a customer buy it?

A ₹ 8400
B ₹ 8721
C ₹ 8856
D None of these
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Question 18
A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesaler sells the same to retailer at a profit of 20%. The retailer in turn sells them to a customer for ₹ 30.09, there by earning a profit of 25%. The cost price for the manufacturer is:

A ₹ 15
B ₹ 16
C ₹ 17
D ₹ 18
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Question 19
On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of:

A 15%
B 16 1/6%
C 16 2/3%
D 20%
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Question 20
By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should be sell to get a gain of 20%?

A 5
B 8
C 10
D 15
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