Profit and Loss Set 8
We are here with the Profit and Loss exercise which is very important for competitive exams. Profit and Loss questions usually carry 3-5 marks in competitive exams.
Q1. A man sold an article at a loss of 20%. If he has sold that article for Rs. 12 more he would have gained 10%. Find the cost price of that article
(a) Rs. 60
(b) Rs. 40
(c) Rs. 30
(d) Rs. 22
Q2.If an article sold at a gain of 5% interest of being sold at a loss of 5%. It gets Rs. 5 more. What is the cost price of the article?
(a) Rs. 100
(b) Rs. 105
(c) Rs. 50
(d) Rs. 110
Q3. A person sells a table at a profit of 10%. If he had bought the table at 5% less cost and sold for Rs. 80 more, he would have gained 20%. The cost price of the table is
(a) Rs. 3200
(b) Rs. 2500
(c) Rs. 2000
(d) Rs. 200
Answers to the quiz and More questions are attached in the Sehpaathi Test Application below
Sehpaathi Test Application: CHALLENGE YOURSELF
Test: Profit Loss Set8
Q4. A cloth merchant sold half of his cloth at 40% profit, half of remaining at 40% loss and the rest was sold at the cost price. In the total transaction his gain or loss will be
(a) 20% gain
(b) 25% gain
(c) 10% gain
(d) 15% loss
Q5. A dealer sold two TV sets for Rs. 7400 each. On one he gained 10% and on the other he lost 10%. The dealer’s loss or gain in the transaction is
(a) no profit no loss
(b) 1% gain
(c) 0.1% loss
(d) 1% loss
ANSWERS:
1 – B
2 – C
3 – C
4 – C
5 – D
