Learn and Practice Free Profit and Loss Set 1 questions

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A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400


Option 1: 7
Option 2: 8
Option 3: 12
Option 4: 60
Option 5:


A man bought a number of oranges at 3 for a rupee and an equal number at 2 for a rupee. At what price per dozen should he sell them to make a profit of 20 %


Option 1: 4
Option 2: 5
Option 3: 6
Option 4: 7
Option 5:


By mixing two qualities of pulses in the ratio 2: 3 and selling the mixture at the rate of Rs 22 per kilogram, a shopkeeper makes a profit of 10 %. If the cost of the smaller quantity be Rs 14 per kg, the cost per kg of the larger quantity is:


Option 1: Rs 23
Option 2: Rs 24
Option 3: Rs 25
Option 4: Rs 26
Option 5:


A person bought 20 litres of milk at the rate of Rs 8 per litre. He got it churned after spending Rs 10 and got 5 kg of cream and 20 litres of toned milk. If he sold the cream at Rs. 30 per kg and toned milk at Rs 4 per litre, his profit in the transaction is


Option 1: 0.25
Option 2: 0.375
Option 3: 0.353
Option 4: 0.425
Option 5:


A dealer sold two of his cattle for Rs. 500 each. On one of them he lost 10% on the other, he gained 10%. His gain or loss percent in the entire transaction was


Option 1: 10% loss
Option 2: 1% loss
Option 3: 1% gain
Option 4: Neither loss nor profit
Option 5:


Rahim buys mangoes at the rate of 3 kg for Rs 21 and sells them at 5 kg for Rs 50. To earn Rs 102 as profit, he must sell.


Option 1: 26 kg
Option 2: 34 kg
Option 3: 36 kg
Option 4: 56 kg
Option 5:


A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is


Option 1: 10
Option 2: 19
Option 3: 12
Option 4: 22
Option 5:


A man sells two houses at the rate of Rs. 1.995 lakh each. On one he gains 5% and on the other, he loses 5%. His gain or loss percent in the whole transaction Is :.


Option 1: 0.25% loss
Option 2: 2.5% loss
Option 3: 0.25% gain
Option 4: 25% loss
Option 5:


If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then the cost of production of a table, the retail price of which is Rs 1265 was :


Option 1: Rs 632.50
Option 2: Rs 814
Option 3: Rs 800
Option 4: Rs 834.34
Option 5:


A bought a ratio st and spent Rs 110 on its repairs. He then sold it to B at 20% profit,B sold it to C at a loss’ of 10 % and C sold it for Rs 1188 at a profit of 10 %. What is the amOunt for which A bought the radio set?


Option 1: Rs 850
Option 2: Rs 930
Option 3: Rs 890
Option 4: Rs 950
Option 5:

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