Profit and Loss: Test 2

10 questions · 15 minutes · scoring and calculator rules shown before you begin

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Profit and Loss Test 2: questions and answers

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  1. 1. An article bought for Rs. 2,400 is sold for Rs. 3,120. Find the profit percent.
    1. 24%
    2. 28%
    3. 34%
    4. 30%

    Reference: q-a576ad20-80 · Report this question

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    Answer: D. 30%

    Profit = Rs. 720. Profit % = 720 / 2,400 × 100 = 30%.
  2. 2. A trader sells an article that cost Rs. 2,400 at a loss of 15%. Find the selling price.
    1. Rs. 2,760
    2. Rs. 2,040
    3. Rs. 1,992
    4. Rs. 2,088

    Reference: q-275b42f5-88 · Report this question

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    Answer: B. Rs. 2,040

    SP = CP × (100 − 15) / 100 = 2,400 × 85 / 100 = Rs. 2,040.
  3. 3. By selling an article for Rs. 1,150, a shopkeeper gains 15%. Find the cost price.
    1. Rs. 977.5
    2. Rs. 1,000
    3. Rs. 1,100
    4. Rs. 950

    Reference: q-4aac85e4-82 · Report this question

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    Answer: B. Rs. 1,000

    CP = SP × 100 / (100 + 15) = 1,150 × 100 / 115 = Rs. 1,000.
  4. 4. The marked price of an article is Rs. 3,800. If a discount of 25% is allowed, find the selling price.
    1. Rs. 2,622
    2. Rs. 2,850
    3. Rs. 2,774
    4. Rs. 3,775

    Reference: q-484fbbe6-102 · Report this question

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    Answer: B. Rs. 2,850

    Discount = 25% of 3,800 = Rs. 950. SP = Rs. 2,850.
  5. 5. The cost price of 21 articles is equal to the selling price of 20 articles. Find the profit percent.
    1. 20%
    2. 4.76%
    3. 15%
    4. 5%

    Reference: q-3a162079-101 · Report this question

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    Answer: D. 5%

    Let the CP of each article be Re 1. SP of 20 articles = Rs. 21, CP of 20 articles = Rs. 20. Profit % = 1 / 20 × 100 = 5%.
  6. 6. An article bought for Rs. 2,400 is sold for Rs. 2,688. Find the profit percent.
    1. 12%
    2. 6%
    3. 8%
    4. 16%

    Reference: q-debcc0a4-80 · Report this question

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    Answer: A. 12%

    Profit = Rs. 288. Profit % = 288 / 2,400 × 100 = 12%.
  7. 7. A trader sells an article that cost Rs. 2,200 at a loss of 25%. Find the selling price.
    1. Rs. 1,738
    2. Rs. 1,518
    3. Rs. 2,750
    4. Rs. 1,650

    Reference: q-7989a270-88 · Report this question

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    Answer: D. Rs. 1,650

    SP = CP × (100 − 25) / 100 = 2,200 × 75 / 100 = Rs. 1,650.
  8. 8. By selling an article for Rs. 230, a shopkeeper gains 15%. Find the cost price.
    1. Rs. 180
    2. Rs. 210
    3. Rs. 200
    4. Rs. 195.5

    Reference: q-514f45a4-80 · Report this question

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    Answer: C. Rs. 200

    CP = SP × 100 / (100 + 15) = 230 × 100 / 115 = Rs. 200.
  9. 9. The marked price of an article is Rs. 1,800. If a discount of 30% is allowed, find the selling price.
    1. Rs. 1,770
    2. Rs. 1,224
    3. Rs. 1,368
    4. Rs. 1,260

    Reference: q-9e6e6cb6-102 · Report this question

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    Answer: D. Rs. 1,260

    Discount = 30% of 1,800 = Rs. 540. SP = Rs. 1,260.
  10. 10. The cost price of 27 articles is equal to the selling price of 25 articles. Find the profit percent.
    1. 15.5%
    2. 7.41%
    3. 5.5%
    4. 8%

    Reference: q-1f1e5b96-101 · Report this question

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    Answer: D. 8%

    Let the CP of each article be Re 1. SP of 25 articles = Rs. 27, CP of 25 articles = Rs. 25. Profit % = 2 / 25 × 100 = 8%.

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