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Profit and loss Practice Questions & Answers

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 Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

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 Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

A). 2.9%

B). 3.7%

C). 5.6%

D). 6.8%

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 A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs. 6.50 per kg. What will be his gain percent?

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 A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs. 6.50 per kg. What will be his gain percent?

A). 1.66%

B). 3.55%

C). 5.66%

D). 8.33%

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 The successive discounts 20% and 15% are equal to a single discount of?

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 The successive discounts 20% and 15% are equal to a single discount of?

A). 30%

B). 32%

C). 37%

D). 42%

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 If selling price is doubled, the profit triples. Find the profit percent:

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 If selling price is doubled, the profit triples. Find the profit percent:

A). 100%

B). 80%

C). 120%

D). 60%

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 A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:

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 A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:

A). 108%

B). 120%

C). 140%

D). 152%