Profit And Loss- Chapter Wise Test

10 Questions | Total Attempts: 2430

SettingsSettingsSettings
Please wait...
Profit And Loss- Chapter Wise Test

TEST DESCRIPTION Total No. Of Questions = 10 Test Duration = 15 minutes Total Marks = 40 Negative Marking = YES (1 mark will be deducted for each wrong answered question


Questions and Answers
  • 1. 
      When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?  
    • A. 

      Rs. 21,000

    • B. 

      Rs. 22,500

    • C. 

      Rs. 25,300

    • D. 

      Rs. 25,800

  • 2. 
    What is the maximum percentage discount that a merchant can offer on her Marked Price so that she ends up selling at no profit or loss, if she had initially marked her goods up by 50%?
    • A. 

      33.33%

    • B. 

      20%

    • C. 

      25%

    • D. 

      16.67%

  • 3. 
    Vikash bought a suitcase with 15% discount on the labeled price. He said the suitcase for Rs.2880 with 20% profit on the labeled price. At what price did he buy the suitcase?
    • A. 

      Rs.2040

    • B. 

      Rs. 2400

    • C. 

      Rs. 2604

    • D. 

      Rs. 2640

  • 4. 
    Shyam buys 10 apples for Rs 1. At what price should he sell a dozen apples if he wishes to make a profit of 25%?
    • A. 

      Rs 0.125

    • B. 

      Rs 1.25

    • C. 

      Rs 1.5

    • D. 

      Rs 1.8

  • 5. 
    Sonia bought a machine for Rs. 80,000 and spent Rs.5000 on repair and Rs.1000 on transport and sold it with 25% profit. At what price did he sell the machine?
    • A. 

      Rs. 1,05,100

    • B. 

      Rs. 1,06,250

    • C. 

      Rs. 1,07,500

    • D. 

      Rs. 1,17,500

  • 6. 
    'X' sold an article for Rs.1080 thereby losing 10%. 'Y' sold another article for Rs.1800 at a loss of 10%. Who incurred a greater loss?
    • A. 

      X

    • B. 

      Y

    • C. 

      Can not be determined

    • D. 

      Both have equal

  • 7. 
    In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
    • A. 

      30%

    • B. 

      70%

    • C. 

      80%

    • D. 

      100%

  • 8. 
    If the cost price of 20 articles is equal to the selling price of 25 articles, what is the % profit or loss made by the merchant?
    • A. 

      25% loss

    • B. 

      25% profit

    • C. 

      20% loss

    • D. 

      20% profit

  • 9. 
    If a man reduces the selling price of a fan from Rs.400 to Rs.380, his loss increases by 2%. The cost price of the fan is-
    • A. 

      Rs. 480

    • B. 

      Rs. 500

    • C. 

      Rs. 600

    • D. 

      Rs. 1000

  • 10. 
    In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
    • A. 

      30%

    • B. 

      70%

    • C. 

      100%

    • D. 

      250%

Related Topics
Back to Top Back to top