Practice test

Profit and loss - Test Set 1

Review 20 exam-focused questions with detailed explanations, then start the interactive test when you are ready.

20 questions

Questions and explanations

  1. Question 1

    A shopkeeper bought an article in 400 rupees and sold it for Rs.320. Find out the loss percentage of the shopkeeper. (% In)
    1. 20
    2. 30
    3. 35
    4. 25
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  2. Question 2

    A person sells a watch and a calculator for the same price. He gains 15% on the watch and loss 15% on the calculator. Find his total profit or loss percentage.
    1. 2.75%
    2. 1.75%
    3. 2.25%
    4. 5%
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  3. Question 3

    A person bought a vehicle for Rs. 594828 and sold it for Rs. 660920. Find the percentage profit made on the sale of the vehicle.
    1. 1179%
    2. 1119%
    3. 1911%
    4. 11911%
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  4. Question 4

    A shopkeeper bought an article for Rs. 340 and sold it for Rs. 272. find the loss percentage. (in %)
    1. 30
    2. 35
    3. 25
    4. 20
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  5. Question 5

    Sheetal incurred 28% loss by selling an item for Rs. 3207. What was the cost price of the item?
    1. Rs.4454.16
    2. Rs.4458.16
    3. Rs.4452.16
    4. Rs.4456.26
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  6. Question 6

    By selling an item for Rs. 2,332, a person a loss of 12%. What was the cost price of the item?
    1. Rs.2,650
    2. Rs.2,620
    3. Rs.2,675
    4. Rs.2,625
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  7. Question 7

    A gold ring is sold for Rs. 19125 at a loss of 15%. What is the cost price of the gold ring?
    1. Rs.24500
    2. Rs.22500
    3. Rs.23500
    4. Rs.21500
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  8. Question 8

    Qamar gained 16% on the resale of a used stereo. If he purchased the item for 1,500, how much did he sell it for?
    1. Rs.1,740
    2. Rs.1,660
    3. Rs.1,600
    4. Rs.1,820
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  9. Question 9

    By selling an item for Rs.1729, Rohini made a loss of 30%. At what price should she sell the item to make a gain of 16%?
    1. Rs.2866.40
    2. Rs.2865.20
    3. Rs.2865.50
    4. Rs.2856.20
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  10. Question 10

    The difference between a 7% profit and a 6% loss while selling an item is Rs.104. What is the cost price of the item?
    1. Rs.780
    2. Rs.820
    3. Rs.850
    4. Rs.800
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  11. Question 11

    5% more is gained by selling a cow for Rs.1,010, than what is the gained by selling it for Rs.1,000. Find the cost price (in Rs.).
    1. 400
    2. 200
    3. 280
    4. 300
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  12. Question 12

    If the cost price of an article is 40% of its selling price, then what percent is the selling price of its cost price?
    1. 250%
    2. 200%
    3. 150%
    4. 175%
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  13. Question 13

    A shopkeeper sells a product in Rs.1386 and earns 12.5% profit. Find the amount that is equal to half of the purchase price of the product.
    1. Rs.516
    2. Rs.716
    3. Rs.616
    4. Rs.816
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  14. Question 14

    K buys a car in Rs.4.50 lacs and spends Rs.1.25 lacs on its accessories. He sells the car at a loss of 20%. Find the selling price of the car.
    1. Rs.4.00 lakh
    2. Rs.4.20 lakh
    3. Rs.4.40 lakh
    4. Rs.4.60 lakh
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  15. Question 15

    If the cost price of 18 pens is equal to the selling price of 12 pens, what is the gain percentage?
    1. 12.5%
    2. 22.5%
    3. 50%
    4. 36%
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  16. Question 16

    The selling price of 32 items is equal to the cost price of 38 items. Find the profit percentage.
    1. 16.25%
    2. 18.79%
    3. 18.75%
    4. 19.25%
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  17. Question 17

    The cost price of 120 pens is equal to the selling price of x pens. If the profit is 25%, then find the value of x.
    1. 95
    2. 90
    3. 91
    4. 96
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  18. Question 18

    Find the profit % on the sale of 33 meter of cloth, if the profit in the sale is equal to the selling price of 11 meter of cloth.
    1. 25%
    2. 45%
    3. 60%
    4. 50%
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  19. Question 19

    If Mohan’s profit on selling a pen is 20% of the selling price, what is his real profit percent?
    1. 20%
    2. 10%
    3. 15%
    4. 25%
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  20. Question 20

    On the basis of selling price of an article, the loss is calculated to be 25%. The percentage of loss on the basis of cost price is—
    1. 18%
    2. 20%
    3. 22%
    4. 25%
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