Profit and Loss - Questions and Answers
Practice questions on profit and loss.
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6. If the selling price of 40 articles is equal to the C.P. of 50 articles, the loss of gain per cent is:
Explanation: ANSWER : 25% gain
7. A truitseller buys lemons at 2 for a rupee and sells them at five for three rupees. His gain per cent is:
Explanation: ANSWER : 20%
8. There would be 10% loss if rice is sold at Rs. 5.40 per kg. At what price per kg should it be sold to earn a profit of 20%?
Explanation: ANSWER : Rs. 6.48
9. A shopkeeper mixes two varieties of tea, one costing Rs. 35 per kg and another at Rs. 45 per kg in the ratio 3:2 If he sells the mixed variety at Rs. 41.60 per kg, his gain or loss per cent is:
Explanation: ANSWER : 6 gain
10. By selling a book for Rs. 10, the publisher loses (1/11) of what it costs him. His cost price is:
Explanation: ANSWER : Rs.11