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Profit and Loss Questions & Answers

Practice crucial Profit and Loss questions to improve understanding. Profit and Loss questions and answers carry a high weightage at the examination and should be prepared on a daily basis.

Q31

Q31 If fruits bought at prices ranging from Rs. 300 to Rs.425 are sold at prices ranging from Rs.200 to Rs.350, what is the greatest possible profit that might be made in selling one dozen fruits?

A

600

B

1200

C

1800

D

(-600)

Q32

Q32 If the selling price is 50% of cost price. Then what is profit/loss percent ?

A

profit=50%

B

loss=-50%

C

profit=-50%

D

loss=profit

Q33

Q33 Cost of 5 footballs = Cost of 7 pairs of badminton rackets
Cost of 10 pairs of badminton rackets = cost of 250 shuttles.
Cost of 300 shuttles = cost of 50 cricket balls.
If a cricket ball costs Rs.250, then what is the cost of cricket bat?

A

3000

B

5000

C

7000

D

Data Insufficient

Q34

Q34 A person incurs a loss of 20% by selling a flat for Rs.2.5Cr. At what price the flat be sold to earn 10% profit?

A

3×107

B

3.2×107

C

3.4×107

D

3.8×107

Q35

Q35 A bookseller sells 2 books for Rs.350 each, and makes a loss of 10% on first book and a profit of 3% on second book. Find the net profit or loss that he makes?

A

(-4)

B

(4.1)

C

(4)

D

(-4.1)

Q36

Q36 Aryan got 30% discount on the MRP of an item and sold it for Rs.9800 with 25% profit on the price he bought. What is the MRP of item?

A

11200

B

12200

C

13200

D

14200

Q37

Q37 Due to increase in demand of oranges in the city, it's price was increased by 25%. A customer buys 4 less oranges for Rs.20. What is the orginal price of orange?

A

1

B

1.25

C

9

D

1.33

Q38

Q38 Cost of 5 footballs = Cost of 7 pairs of badminton rackets.
Cost of 10 pairs of badminton rackets = cost of 250 shuttles.
Cost of 300 shuttles = cost of 50 cricket balls.
If a cricket ball costs Rs.250, then what is the cost of 7 footballs?

A

10208

B

10209

C

10210

D

10211

Q39

Q39 A lady purchased mangoes at Rs.300 a dozen and an equal number at Rs.150 a dozen. She sells them at Rs.450 a dozen and makes a profit of Rs.900. How many dozens of mangoes does she buy?

A

10

B

4

C

6

D

9

Q40

Q40 Due to decrease in taxes, the price of pencils are reduced to 50%. A child purchases x pencils for Rs.28. If the original price of 1 pencil is Rs.3.5. What is the value of x?

A

9

B

11

C

10

D

8

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