Practice test

Profit and loss - Test Set 2

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

    The profit earned after selling an article for Rs.625 is the same as the loss incurred after selling the article for Rs.435. What is the cost price of the article?
    1. Rs.520
    2. Rs.530
    3. Rs.540
    4. Rs.550
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  2. Question 2

    A profit of 4% is obtained by selling a table for Rs.1800 as compared to the profit that would have been made by selling it for Rs.1750. Find its cost price.
    1. Rs.125
    2. Rs.1,250
    3. Rs.500
    4. Rs.50
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  3. Question 3

    A seller buys a dozen of pencils for Rs.25 and sells at the rate of Rs.12 for 5 pencils. Find the percentage profit or loss?
    1. 15% loss
    2. 15.2% loss
    3. 15.2% profit
    4. 15% profit
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  4. Question 4

    Anil purchased 12 apples for Rs.50 and sells 8 apples from it for Rs.50. Find the percentage gain.
    1. 50%
    2. 30%
    3. 20%
    4. 40%
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  5. Question 5

    40% of the goods are sold at 2% loss while the rest of the good are sold at 4% profit. If there is a total profit of Rs.250, then the cost price of goods sold is:
    1. Rs.15625
    2. Rs.90000
    3. Rs.5625
    4. Rs.6525
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  6. Question 6

    There is a loss of 10% on selling an article for Rs. 243. Find the purchase price of that item? (in rupees).
    1. 240
    2. 250
    3. 270
    4. 260
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  7. Question 7

    Shiv sold a shirt for Rs.184 at a loss of 8%. To make a profit of 5% he should have sold the shirt for—
    1. Rs.200
    2. Rs.197
    3. Rs.210
    4. Rs.207.92
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  8. Question 8

    To dispose of the old stocks, a person sold a tea-set for Rs.3,420, which was 43% below the cost price. In order to make a profit of 10% the seller should have sold the set for Rs. ____ more.
    1. Rs.3,180
    2. Rs.2,580
    3. Rs.1,812.60
    4. Rs.2,664.42
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  9. Question 9

    A wholesaler sells a tin of oil for Rs.540 and makes a loss of 10%. Now, if he decides to sell the second oil of tin for Rs.696, find his profit percentage in the sale of the second tin.
    1. 15%
    2. 16%
    3. 12%
    4. 18%
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  10. Question 10

    If 5% more is gained by selling an article for Rs.350 than by selling the article for Rs.340 then what is the cost of the article?
    1. Rs.100
    2. Rs.250
    3. Rs.160
    4. Rs.200
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  11. Question 11

    The difference between 8% profit and 13% loss while selling an item was Rs.115.50. What was the cost price of the item?
    1. Rs.540
    2. Rs.560
    3. Rs.580
    4. Rs.550
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  12. Question 12

    By selling an item for Rs.222, A person incurs a loss of Rs.48. What is the percentage of loss incurred in the transaction?
    1. 1889%
    2. 1779%
    3. 16718%
    4. 212337%
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  13. Question 13

    A machine costs Rs.375. If it is sold at a loss of 20%, what will be the cost price as percentage of selling price?
    1. 80%
    2. 120%
    3. 110%
    4. 125%
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  14. Question 14

    A man purchased an item for Rs.1200, spent Rs.300 on its repairs and sold it for Rs.1500. What is the profit percentage?
    1. 3313%
    2. 33%
    3. 66.66%
    4. 40%
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  15. Question 15

    Manu purchased an old bike for Rs.5,500, spent 12% of this amount on repairs, and had to later sell it at an overall loss of 5%. What was the price at which Manu sold the bike?
    1. Rs.5,882
    2. Rs.5,832
    3. Rs.5,872
    4. Rs.5,852
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  16. Question 16

    Jeeva purchased an article for Rs.2500 and sold it at 25% above cost and paid a tax of Rs.125. Find the post-tax profit in rupees.
    1. 500
    2. 550
    3. 475
    4. 625
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  17. Question 17

    Reema buys a car at Rs.75000. She spends Rs.10000 on its repairing. Later she sold this car to Ritu at 15% profit. Ritu sold it to Cheeru at 10% profit. What sum of money was spend by Cheeru to purchase the car?
    1. Rs.102575
    2. Rs.105752
    3. Rs.102252
    4. Rs.107525
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  18. Question 18

    If the selling price is doubled, the profit becomes three times the original, find the new profit percentage.
    1. 200%
    2. 150%
    3. 100%
    4. 300%
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  19. Question 19

    A man sells a car to his friend at a loss of 20%. Then, the friend sells it for Rs.58000 at a profit of 30%. The original cost price of the car (to the nearest integral value) was-
    1. Rs.54769
    2. Rs.57769
    3. Rs.55769
    4. Rs.56769
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  20. Question 20

    Ashish sold a cow to Bipin for Rs.5,000 at a loss of 20%. Bipin sold it to Qasim at that price. Due to which Ashish would have got a profit of 15%. How much profit did Bipin make in this transaction?
    1. Rs.2,100
    2. Rs.1,250
    3. Rs.2,187.50
    4. Rs.937.50
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