Profit and Loss Set 7
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. The cost price of 40 articles is the same as the selling price of 25 articles. Find the gain per cent.
(a) 65%
(b) 60%
(c) 15%
(d) 75%
Q2. A person sells 400 mangoes at the cost price of 320 mangoes. His percentage of loss is
(a) 10
(b) 15
(c) 20
(d) 25
Q3. The difference between the selling price and cost price of an article is Rs. 210. If the profit per cent is 25, then the selling price of the article is
(a) Rs. 950
(b) Rs. 1050
(c) Rs. 1150
(d) Rs. 1250
Answers to the quiz and More questions are attached in the Sehpaathi Test Application below
Sehpaathi Test Application: CHALLENGE YOURSELF
Test: Bnk_Quant_Profit-Loss-Set7
Q4. If the cost price is 95% of the selling price, what is the profit per cent?
(a) 4
(b) 4.75
(c) 5
(d) 5.26
Q5. A retailer buys a radio for Rs. 225. His overhead expenses are Rs. 15. He sells the radio for Rs. 300. The profit per cent of the retailer is
(a) 25
(b) 26 2/3
(c) 20
(d) 33 1/3
ANSWERS:
1 – B
2 – C
3 – B
4 – D
5 – A
