# Profit and Loss

Profit and Loss - Important Points

11. | A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The CP of the article was: |
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A. Rs 100

B. Rs 150

C. Rs 200

D. Rs 250

View Answer Discuss Work SpaceAnswer: option c

Explanation:

Let original Cost price is 100x

Its Selling price = 105x

New Cost price = 95x

New Selling price = 95x*(110/100) with 10% Profit

Given, 105x - 95x*(110/100) = 1

**=>** 0.5 x = 1

x = 2

Original CP = 100x = 200

12. | Two successive discounts of 20% and 15% are equivalent to a single discount of: |
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A. 35%

B. 32%

C. 33.33%

D. 30%

View Answer Discuss Work SpaceAnswer: option b

Explanation:

Please refer Important Points.

13. | Three successive discounts of 15 %, 10 % and 8 % are given on an article. Find the single discount equivalent to all these three discounts. |
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A. 29.62 %

B. 33 %

C. 30.62 %

D. 33.33 %

View Answer Discuss Work SpaceAnswer: option a

Explanation:

Please refer Important Points.

14. | A man sells two articles at the same price. On one, he makes a profit of 10% and on the other he suffers a loss of 10%. His loss percent on the whole transaction is: |
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A. No profit no loss

B. 1

C. 2

D. 5

View Answer Discuss Work SpaceAnswer: option b

Explanation:

Please refer Important Points.

15. | If the cost price of 50 oranges is equal to the selling price of 40 oranges, then the profit per cent is |
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A. 20

B. 33.33

C. 15

D. 25

View Answer Discuss Work SpaceAnswer: option d

Explanation:

Please refer Important Points.