Profit and loss Practice Questions
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Seema purchased an item for Rs 9600 and sold it at a loss of 5%, from that money she purchased another item and sold it at a gain of 5%. What is her overall gain/loss?
(a) Loss of Rs 36 (b) Profit of Rs 24
(c) Loss of Rs 54 (d) Profit of Rs 36
(e) None of these
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Meera purchased an item for Rs. 62000 and sold it at loss of 25%. With that amount she purchased another item and sold it at a gain of 30%. What was her overall gain/loss?
(a) Loss of Rs. 1560 (b) Profit of Rs. 150
(c) Loss of Rs.1550 (d) Profit of RS.1550
(e) None of these
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Vinod makes a profit of Rs. 110 if he sells a certain number of pencils at the rate of Rs. 2.5 per pencil and incurs a loss of Rs. 55 if he sells the same number of pencils for Rs. 1.75 per pencil. How many pencils does Vinod have?
(a) 220 (b) 240 (c) 200
(d) Can't be determined (e) None of these
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Rehaan purchased a bike for Rs 54000. He sold it at a loss of 8 per cent. With that money he again purchased another bike and sold it at a profit of 10 per cent. What is his overall loss/profit?
(a) Loss of Rs 657 (b) Profit of Rs 567
(c) Loss of Rs 648 (d) Profit of Rs 648
(e) None of these
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Mrudul invested an amount of Rs. 29500 in order to start a business. Shalaka joined her 4 months later by investing an amount of Rs. 33500. If the business earned a profit of Rs 120575 at the end of two years, what was Mrudul's share of the profit?
(a) Rs 60725 (b) Rs 61950 (c) Rs 59250 (d) Rs 58625
(e) None of these
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Prasad sold his work tools for Rs 1850 and earned a profit of 25 per cent. At what price did Prasad buy the work tools?
(a) Rs 1360 (b) Rs 1300 (c) Rs 1240 (d) Rs 1480
(e) None of these
Answers:
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e
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c
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a
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d
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b
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d
