Competitive Exam

Profit and Loss question bank (Quantitative Aptitude)

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Q1.

$A$ shopkeeper marks his goods $20 \%$ above $CP$ but allows $30 \%$ discount for cash. His net loss is in $\%$?

(A)
$8$
(B)
$20$
(C)
$10$
(D)
$16$
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Q2.

The cost of an article including the sales tax is $Rs. 616$. The rate of sales tax is $10 \%$. If the shopkeeper has made a profit of $12 \%$,then the cost price of the article is in $Rs.$?

(A)
$350$
(B)
$500$
(C)
$650$
(D)
$800$
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