Correct Answers: | |

Wrong Answers: | |

Unattempted: |

### Question 1

Goods are purchased at a cost price of Rs. 900 and sold at a loss of 25%. What is the sale price?

### Question 2

A retailer makes a gain of 20% when he sells the first item for Rs. 480. But he suffers a loss of 5% when he sells the second item for Rs. 570. What is his combined loss or gain?

**A**

5.

**B**

6.

**C**

7.

**D**

4.

**Soln.**

**Ans: a**

The cost of the first item is 480 × $100/{100 + 20}$ which is Rs. 400. The cost of the second item is 570 × $100/{100 - 5}$ which is Rs. 600. The combined cost is 400 + 600 = Rs. 1000. The combined sale is 480 + 570 = Rs. 1050. The profit percent is 100 × ${1050 - 1000}/1000$, which is 5%.

### Question 3

Mr. X purchased a machine at a cost of Rs. 3100. After spending Rs. 1000 on its repairs, he sells it at a price of Rs 4838. What is the profit percentage?

### Question 4

An item has a printed price of Rs. 5060 which includes the shopkeeper's profit of 15%. What is the cost price of the shopkeeper?

### Question 5

Articles are purhcased at the rate of 7 articles for Rs. 3. They are sold at 3 articles for Rs. 7. The profit earned in rupees by selling 21 articles would be?

This Blog Post/Article "Profit and Loss Quiz Set 001" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Updated on 2020-02-07. Published on: 2016-04-24