Profit and Loss SSC MTS Questions

Profit and Loss MCQ Questions

1.
The cost price of an item is 4,350. What is the profit percentage (rounded off to 1 decimal place) if it is sold at 5.680?
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A.
28.50%
B.
40.70%
C.
36.80%
D.
30.60%
ANSWER :
D. 30.60%
2.
Raju sold an article to Ravi at 10% gain. Ravi sold the article to Ramu at a loss of 10%, If Rama paid ₹1,485 to Ravi, find the selling price of Raju and Ravi.
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A.
₹1,200
B.
₹1,500
C.
₹1,650
D.
₹1,600
ANSWER :
C. ₹1,650
3.
The price of a fan is first decreased by 28% and then increased by 35%. If the resulting price is ₹1,215, find the original price of the fan.
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A.
₹1,250
B.
₹1,520
C.
₹2,150
D.
₹1,052
ANSWER :
A. ₹1,250
4.
Shobha purchased a small plot in a residential area for Rs.6,00,000 and sold it to Lakshita at a profit of 20%. Lakshita, in turn, sold it to Dinesh at a loss of 10%. How much did Dinesh pay for the plot?
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A.
₹6,40,000
B.
₹6,48,000
C.
₹6,08,000
D.
₹6,00,000
ANSWER :
B. ₹6,48,000
5.
Samridhi sold a gold ring at a loss of 26%%. If the cost price of the gold ring is ₹38,500, what is the selling price of the gold ring?
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A.
₹28,490
B.
₹30,500
C.
₹29,590
D.
₹38,600
ANSWER :
A. ₹28,490
6.
By selling a Tvset for 16,800 a salesman gains a profit of 20%. If the production cost is increased by 20%. Find the new selling price of the set so as to gain 20%
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A.
₹18,160
B.
₹18,480
C.
₹20,160
D.
₹20,480
ANSWER :
C. ₹20,160