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Profit and Loss

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Q 1. A man buys a cycle for {tex} Rs. 1400 {/tex} and sells it at a loss of {tex} 15 \% . {/tex} What is the selling price of the cycle?

Rs. 1202

Rs. 1190

Rs. 1160

Rs. 1000

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Q 2. On selling an article for {tex} Rs. 651 {/tex}, there is a loss of {tex} 7 \% {/tex}. The cost price of that article is

Rs. 744

Rs. 751

Rs. 793

Rs. 700

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Q 3. A milkman bought 70 litres of milk for {tex} Rs. 630 {/tex} and added 5 litres of water. If he sells it at {tex} Rs. 9.00 {/tex} per litre, his profit percentage is

{tex} 8 \frac { 1 } { 5 } \% {/tex}

{tex} 7 \% {/tex}

{tex} 8 \frac { 2 } { 5 } \% {/tex}

{tex} 7 \frac { 1 } { 7 } \% {/tex}

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Q 4. In terms of percentage profit, which is the best transaction?

{tex} \mathrm I {/tex}

{tex} \mathrm { II } {/tex}

{tex} \mathrm { III } {/tex}

{tex} \mathrm { IV } {/tex}

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Q 5. A man bought an old typewriter for {tex} Rs. 1200 {/tex} and spent {tex} Rs. 200 {/tex} on its repair. He sold it for {tex} Rs. 1680 {/tex}. His profit per cent is :

{tex} 20 \% {/tex}

{tex} 10 \% {/tex}

{tex} 8 \% {/tex}

{tex} 16 \% {/tex}

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Q 6. If the cost price is {tex} 95 \% {/tex} of the selling price, what is the profit percent?

{tex} 4 \% {/tex}

{tex} 4.75 \% {/tex}

{tex} 5 \% {/tex}

{tex} 5.26 \% {/tex}

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Q 7. A merchant buys an article for {tex} Rs. 27 {/tex} and sells it at a profit of {tex} 10 \% {/tex} of the selling price. The selling price of the article is :

Rs. 29.70

Rs. 30

Rs. 37

Rs. 32

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Q 8. If the cost price of an article is {tex} 80 \% {/tex} of its selling price, the profit per cent is :

{tex} 20 \% {/tex}

{tex} 22 \frac { 1 } { 2 } \% {/tex}

{tex} 24 \% {/tex}

{tex} 25 \% {/tex}

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Q 9. Krishnan bought a camera and paid {tex} 20 \% {/tex} less than its original price. He sold it at {tex} 40 \% {/tex} profit on the price he had paid. The percentage of profit earned by Krishnan on the original price was

{tex} 22 \% {/tex}

{tex} 32 \% {/tex}

{tex} 12 \% {/tex}

{tex} 15 \% {/tex}

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Q 10. By what per cent must the cost price be raised in fixing the sale price in order that there may be a profit of {tex} 20 \% {/tex} after allowing a commission of {tex} 10 \% ? {/tex}

{tex} 25 \% {/tex}

{tex} 133 \frac { 1 } { 3 } \% {/tex}

{tex} 33 \frac { 1 } { 3 } \% {/tex}

{tex} 30 \% {/tex}

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Q 11. By selling an article, a man makes a profit of {tex} 25 \% {/tex} of its selling price. His profit per cent is

{tex} 20 \% {/tex}

{tex} 25 \% {/tex}

{tex} 16 \frac { 2 } { 3 } \% {/tex}

{tex} 33 \frac { 1 } { 3 } \% {/tex}

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Q 12. If there is a profit of {tex} 20 \% {/tex} on the cost price of an article, the percentage of profit calculated on its selling price will be

24

{tex} 16 \frac { 2 } { 3 } {/tex}

{tex} 8 \frac { 1 } { 3 } {/tex}

20

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Q 13. A man purchased a bedsheet for {tex} Rs. 450 {/tex} and sold it at a gain of {tex} 10 \% {/tex} calculated on the selling price. The selling price of the bedsheet was

Rs. 460

Rs. 475

Rs. 480

Rs. 500

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Q 14. By selling an article for {tex} Rs. 960 \mathrm { } {/tex} a man incurs a loss of {tex} 4 \% ; {/tex} what was the cost price?

Rs. 1,000

Rs. 784

Rs. 498.4

Rs. 300

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Q 15. A salesman expects a gain of {tex} 13 \% {/tex} on his cost price. If in a month his sale was {tex} Rs. 7,91,000 , {/tex} what was his profit?

{tex} Rs. 85,659 {/tex}

{tex} Rs. 88,300 {/tex}

{tex} Rs. 91,000 {/tex}

{tex} Rs. 97,786 {/tex}

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Q 16. By selling a car for {tex} Rs. 64,000 , \mathrm { } {/tex} Mr. Rao lost {tex} 20 \% . {/tex} Then the cost price of the car is :

{tex} Rs. 72,000 {/tex}

{tex}Rs. 76,800 {/tex}

{tex} Rs. 80,000 {/tex}

{tex} Rs. 84,000 {/tex}

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Q 17. A retailer buys a radio for {tex} Rs. 225 {/tex}. His overhead expenses are {tex} Rs. 15 {/tex}. He sells the radio for {tex} Rs. 300 {/tex}. The profit per cent of the retailer is :

{tex} 25 \% {/tex}

{tex} 26 \frac { 2 } { 3 } \% {/tex}

{tex} 20 \% {/tex}

{tex} 33 \frac { 1 } { 3 } \% {/tex}

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Q 18. An item when sold for {tex} Rs. 1,690 {/tex} earned {tex} 30 \% {/tex} profit on the cost price. Then the cost price is

Rs. 507

Rs. 630

Rs. 1,300

Rs. 130

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Q 19. A fan is listed at {tex} Rs. 150 {/tex} and a discount of {tex} 20 \% {/tex} is given. Then the selling price is

Rs. 180

Rs. 150

Rs. 120

Rs. 110

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Q 20. By selling 33 metres of cloth, a person gains the cost of {tex} {/tex}11 metres. Find his gain {tex} \% . {/tex}

{tex} 33 \frac { 1 } { 3 } \% {/tex}

{tex} 33 \frac { 1 } { 2 } \% {/tex}

{tex} 33 \% {/tex}

{tex} 34 \frac { 1 } { 3 } \% {/tex}

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Q 21. While selling to the retailer, a company allows {tex} 30 \% {/tex} discount on the marked price of their products. If the retailer sells those products at marked price, his profit % will be :

{tex} 30 \% {/tex}

{tex} 42 \frac { 1 } { 7 } \% {/tex}

{tex} 40 \% {/tex}

{tex} 42 \frac { 6 } { 7 } \% {/tex}

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Q 22. A merchant purchases a wrist watch for {tex} Rs. 450 {/tex} and fixes its list price in such a way that after allowing a discount of {tex} 10 \% , {/tex} he earns a profit of {tex} 20 \% . {/tex} Then the list price of the watch is

Rs. 650

Rs. 700

Rs. 550

Rs. 600

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Q 23. The cost price of a radio is {tex} Rs. 600 {/tex}. The {tex} 5 \% {/tex} of the cost price is charged towards transportation. After adding that, if the net profit to be made is {tex} 15 \% , {/tex} then the selling price of the radio must be

Rs. 704.50

Rs. 724.50

Rs. 664.50

Rs. 684.50

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Q 24. If a shirt costs {tex} Rs. 64 {/tex} after {tex} 20 \% {/tex} discount is allowed, what was its original price in Rs.?

76.8

80

88

86.8

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Q 25. The total cost of 8 buckets and 5 mugs is {tex} Rs. 92 {/tex} and the total cost of 5 buckets and 8 mugs is {tex} Rs. 77 {/tex}. Find the cost of 2 mugs and 3 buckets.

Rs. 35

Rs. 70

Rs. 30

Rs. 38

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