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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:
A. Rs. 300
B. Rs. 320
C. Rs. 440
D. Rs. 500
Explanation: ANSWER : Rs. 500
2. A man sells 320 mangoes at the cost price of 400 mangoes. His gain per cent is:
A. 10%
B. 15%
C. 20%
D. 25%
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:
A. 20% loss
B. 20% gin
C. 4 gain
D. none of these
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:
A. 953 gms
B. 940 gms
C. 960 gms
D. 947 gms
Explanation: ANSWER : 940 gms
5. By selling an article for Rs. 100, one loses Rs. 10. Then, the loss per cent is:
A. 11
B. 9
C. 10%
D. none of these
Explanation: ANSWER : 9