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• 1.
Hritik purchased a scooter for Rs. 64000. He sold it at a loss of 8%. With that money he purchased another scooter and sold it at a profit of 10 per cent. What is his overall loos/profit?
 A. ₹ 768 profit B. ₹ 748 profit C. ₹ 748 loss D. ₹ 768 loss
Ans
A
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• 2.
A radio dealer sold a radio at a loss of 2.5%. Had he sold it for ₹ 100 more, he would have gained 7.5%. In order to gain 12.5% profit, he should sell it for:
 A. 1080 B. 1125 C. 850 D. 925
Ans
B
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• 3.
The ratio of the quantities of sugar in which sugar costing ₹ 20 per kg and ₹ 15 per kg should be mixed so that there will be neither loss nor gain on selling the mixed at the rate ₹ 16 per kg is:
 A. 2 : 1 B. 1 : 2 C. 4 : 1 D. 1 : 4 E. None of these
Ans
D
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• 4.
If goods be purchased for ₹ 450 and one third sold at loss of 10%. At what gain percent should the remainder be sold so as to gain 20% on the whole transaction?
 A. 32% B. 35% C. 28% D. 30% E. None of these
Ans
B
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• 5.  Mayank purchased a radio at 9 of its selling price and sold it at 8% more than its original selling price. 10

His gain per cent is?

 A. 20% B. 18% C. 10% D. 8% E. None of these
Ans
A
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### You may also like to study

Profit and Loss is one of the important topics of Quantitative Aptitude Section of every competitive exams. It is a very basic and commonly used concept in our day to day life as well.

Profit and loss is the branch of basic mathematics which deals with the study of profit and loss made in a business transaction. The profit and loss account is fundamentally a summary of the trading transactions of a business and shows whether it has made a profit or loss during a particular period of account.

Profits and loss is mainly used in finance and business transactions. Some basic and important profit and loss formulas are:

I. S.P. = Selling Price
II. C.P. = Cost Price

1. Profit = Selling Price – Cost Price

P = SP – CP

2. Loss = Cost Price – Selling Price

P = CP – SP

3. Profit% = (Profit/Cost Price) 100%

4. Loss% = (Loss/Cost Price) 100%

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