Profit & Loss Quiz For Upcoming Exams

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Q1. A person incurs a loss of 5% be selling a watch for Rs.1140. At what price should the watch be sold to earn 5% profit.

1. 1200
2. 1230
3. 1260
4. 1290

Q2. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is

1. 6/19
2. 6/17
3. 5(5/11)
4. 3(5/11)

Q3. A book was sold for Rs 27.50 with a profit of 10%. If it were sold for Rs. 25.75, then would have been percentage of profit and loss ?

1. 2% Profit
2. 3% Profit
3. 2% Loss
4. 3% Loss

Q4. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of 48 per dozen. The percentage of profit is

1. 12(2/7)
2. 13(2/7)
3. 14(2/7)
4. 15(2/7)

Q5. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

1. 18%
2. 20%
3. 22%
4. 24%

Q6. A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?

1. Rs15
2. Rs 20
3. Rs 22
4. Rs 25

Q7. If the cost price is 25% of selling price. Then what is the profit percent.

1. 150%
2. 200%
3. 300%
4. 350%

Q8. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?

1. 12%
2. 30%
3. 50%
4. 60%

Q9. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x

1. 13
2. 14
3. 15
4. 16

Q10. If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265

1. 750
2. 800
3. 850
4. 900

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