Profit and Loss - Questions and Answers
Practice questions on profit and loss.
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1. A man purchased a waten for Rs. 400 and sold it at a gain of 20% of the selling price. The selling price of the watch is:
Explanation: ANSWER : Rs. 500
2. A man sells 320 mangoes at the cost price of 400 mangoes. His gain per cent is:
Explanation: ANSWER : 25%
3. By selling an article for Rs. 141, a man loses of his outlay. By selling it for Rs. 168, his gain or loss per cent is:
Explanation: ANSWER : none of these
4. A dishonest dealer professes to sell his goods at cost price. But he uses a false weight and thus gains 6 . For a kg, he uses a weight of:
Explanation: ANSWER : 940 gms
5. By selling an article for Rs. 100, one loses Rs. 10. Then, the loss per cent is:
Explanation: ANSWER : 9