# Profit And Loss- Chapter Wise Test

10 Questions | Total Attempts: 2430  Settings  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

• 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%

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