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Profit & Loss · Exercise 1 of 5

Profit & Loss General Questions

  • 30 questions
  • Page 3 of 3
  • Answers explained
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Question 21
By mixing two brands of tea and selling the mixture at the rate of ₹ 177 per kg. a shopkeeper makes a profit of 18%. If to every 2 kg of one brand costing ₹ 200 per kg, 3 kg of the other brand is added, then how much per kg does the other brand cost?

A ₹ 110
B ₹ 120
C ₹ 140
D None of these
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Question 22
A person sold a table at a gain of 15%. Had he bought it for 25% less and sold it for ₹ 60 less, he would have made a profit of 32%. The cost price of table was:

A ₹ 300
B ₹ 350
C ₹ 375
D ₹ 400
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Question 23
Ramesh purchased a refrigerator for ₹ 12500 after getting a discount of 20% on the labelled price. He spent ₹ 125 on transport and ₹ 250 on installation. At what price should it be sold so that the profit earned would be 10% if no discount was offered?

A ₹ 16500
B ₹ 15525
C ₹ 17000
D ₹ 17600
E None of these
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Question 24
The price of an article reduces to 576 after two successive discounts. The markup is 80% above the cost price of ₹ 500.What is the new profit percentage if instead of two successive discount the markup price was further increased successively two times by the same percentage?

A 259.2%
B 59.2%
C 159.2%
D Can’t be determined
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Question 25
The cost of servicing of a Maruti car at Maruti care Pvt. Ltd. is ₹ 400. Manager of service centre told me that for the second service within a year a customer can avail a 10% discount and further for third and forth servicing he can avail 10% discount of the previous amount paid, within a year Further if a customer gets more than 4 services within a year he has to pay just 60% of the servicing charges on these services. A customer availed 5 services from the same servicing station, What is the total percentage discount fetched by the customer?

A 19.42%
B 18.5%
C 17.6%
D 26%
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Question 26
Cost price of 12 oranges is equal to the selling price of 9 oranges and the discount on 10 oranges is equal to the profit on 5 oranges. What is the percentage point difference between the profit percentage and discount percentage?

A 20
B 22.22
C 16.66
D 15
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Question 27
Rotomac produces very fine quality of writing pens. Company knows that on average 10% of the produced pens are always defective so are rejected before packing. Company promises to deliver 7200 pens to its wholesaler at ₹ 10 each. It estimates the overall profit on all the manufactured pens to be 25%. What is the manufacturing cost of each pen?

A ₹ 6
B ₹ 7.2
C ₹ 5.6
D ₹ 8
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Question 28
A trader marks up his goods by 80% and gives discount of 25%. Besides it he weighs 10% less amount while selling his goods. What is the net profit of trader?

A 50%
B 35%
C 45%
D 55%
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Question 29
Assuming that profit of a shopkeeper in a particular commodity is a linear expression of transportation charge (t) and the quantity of commodity (q) . He earns a profit of ₹ 10000 by selling 20 units at the transport charge of ₹ 400. He also earn a profit of ₹ 12000 by selling 25 units at the transport charge of ₹ 600. What is the linear expression in t and q ?

A 600q - 5t
B 500q - 4t
C 600q - 4t
D 500q - 5t
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Question 30
A person bought two bicycles for ₹ 1600 and sold the first at 10% profit and the second at 20% profit. If he sold the first at 20% profit and the second at 10% profit, he would get ₹ 5 more. The difference in the cost price of the two bicycles was:

A ₹ 25
B ₹ 75
C ₹ 50
D ₹ 40
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Up next · Exercise 2Data Sufficiency 10 questions

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