Profit and Loss Set 9

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 ratio of the cost price and selling price of an article is 20 : 21. The gain per cent is
(a) 3
(b) 4
(c) 5
(d) 6

Q2. An article is sold at 5% profit. The ratio of selling price and cost price will be
(a) 1 : 5
(b) 20 : 21
(c) 21 : 20
(d) 5 : 1

Q3. By selling an article for Rs. 700 a man lost 30%. At what price should be have sold it to gain 30%?
(a) Rs. 910
(b) Rs. 1200
(c) Rs. 1232
(d) Rs. 1300

Answers to the quiz and More questions are attached in the Sehpaathi Test Application below

Sehpaathi Test Application: CHALLENGE YOURSELF

Test: Profit Loss Set9

Q4. If an article is sold for Rs. 178 at a loss of 11%, what should be its selling price in order to earn a profit of 11%?
(a) Rs. 222.50
(b) Rs. 267
(c) Rs. 222
(d) Rs. 220

Q5. A sells an article to B making a profit of 1/5 of his outlay. B sells it to C, gaining 20%. If C sells it for Rs. 600 and incurs a loss of 1/6 of his outlay, the cost price of A is
(a) Rs. 600
(b) Rs. 500
(c) Rs. 720
(d) Rs. 800

ANSWERS:
1 – C
2 – C
3 – D
4 – C
5 – B