Profit, Loss and Discount Test

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Profit, Loss and Discount Test - 5

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Weekly Quiz Competition

Question 1
1 / -0

For the above question calculate the percentage of the profit gained bythe shopkeeper.

A
5%

B
10%

C
15%

D
20%

Solution

We know, Profit percentage = (Profit /Cost Price) x 100
Therefore, Profit percentage = (20/100) x 100
= 20%.
Question 2
1 / -0

Find the gain or loss percent, when:C.P. = Rs 400 and gain = Rs 4.

A
4

B
2

C
1

D
0

Solution

Given CP = Rs. 400, gain = Rs. 4
Gain % = {(Gain/CP) x 100) %
= {(4/400) x 100} %
= (0.01 x 100) %
Gain % = 1%
Question 3
1 / -0

If a gift cost Rs.500 after 10% discount. Then what is the actual priceor marked price for gift?

A
455.5

B
555.5

C
655.5

D
755.5

Solution

MP x (100 – 10) /100 = 500
MP x 90/100 = 500
MP = 500 x100/90
MP = Rs. 555.5/-
Question 4
1 / -0

Suppose a shopkeeper hasbought 1 kg of apples for 100 rs. And sold it for 120 kg. How much is theprofit he got?

A
20

B
30

C
40

D
50

Solution

Cost Price for apple is 100 rs.
Selling Price for apple is 120 rs.
Then profit gained by shopkeeper is ; P = SP – CP
P = 120 – 100
= Rs. 20/-
Question 5
1 / -0

C.P. = Rs 260, S.P. = Rs247, Loss %= ?

A
20

B
15

C
1

D
5

Solution

clearly CP > SP. So, loss.
Loss = CP – SP
= Rs. (260 – 247)
= Rs. 13
Loss % = {(Loss/CP) x 100} %
= {(13/260) x 100} %
= {0.05 x 100} %
Loss % = 5%
Question 6
1 / -0

Find the unknown value:C.P.= Rs 72, S.P. =?, Profit = Rs 5.55

A
67.55

B
77.55

C
77.5

D
67.5

Solution

CP = Rs. 72, SP =?, profit = Rs. 5.55
Profit = SP – CP
55.50 = SP – 72
SP = (5.55 + 72)
= Rs. 77.55
Question 7
1 / -0

A man buys a fan for Rs.1000 and sells it at a loss of 10%. What is the selling price of the fan?

A
750

B
850

C
950

D
1050

Solution

Cost Price of the fan is Rs.1000
Loss percentage is 15%
As we know, Loss percentage = (Loss/Cost Price) x 100
15 = (Loss/1000) x 100
Therefore, Loss = 150 rs.
As we know,
Loss = Cost Price – Selling Price
So, Selling Price = Cost Price – Loss
= 1000 – 150
Selling Price = Rs. 850/-
Question 8
1 / -0

C.P. = Rs 456, S.P. = Rs500, Profit % =?

A
9.65

B
10.55

C
8.54

D
12.75

Solution

Given CP = Rs. 456, SP = Rs. 500
Here, clearly SP > CP. So, profit.
Profit = SP – CP
= Rs. (500 – 456)
= Rs. 44
Profit % = {(Profit/CP) x 100} %
= {(44/456) x 100} %
= {0.0965 x 100} %
Profit % = 9.65%
Question 9
1 / -0

C.P. = Rs……., S.P. = Rs 45,Profit = Rs 15

A
15

B
30

C
45

D
50

Solution

Given CP = ?,SP = Rs. 45, profit = Rs. 15
Profit = SP – CP
15 = 45 – CP
CP = Rs. (45– 15)
= Rs. 30
Question 10
1 / -0

C.P. = Rs 3320, S.P. = Rs 3500, Profit% = ?

A
5.4

B
4.4

C
3.4

D
2.4

Solution

Given CP = Rs. 3320,SP= Rs. 3500.
Here, clearly SP > CP. So, profit.
Profit = SP – CP
= Rs. (3500 – 3320)
= Rs. 180
Profit% = {(Profit/CP) x 100} %
= {(180/3320) x 100} %
= {0.054 x 100} %
Profit % = 5.4%
Question 11
1 / -0

Find the gain or loss percent, when:S.P. = Rs 12720 and loss = Rs 3280

A
18.5

B
20.5

C
22.5

D
24.5

Solution

Given SP = Rs. 12720,loss = Rs. 3280
Loss = CP – SP
Hence, CP = Loss+ SP
= Rs. 3280 + Rs.12720
= Rs. 16000
Loss % = {(Loss/CP) x 100} %
= {(3280/16000) x 100%
Loss % = 20.5%
Question 12
1 / -0

Find the unknown value:C.P.= Rs 120, S.P. = Rs 135 Profit/Loss?

A
30

B
25

C
2

D
15

Solution

Given CP = Rs. 120, SP = Rs. 135
Clearly CP < SP. So, profit.
Profit = SP – CP
= Rs. (135 – 120)
= Rs. 15
Question 13
1 / -0

cost price of an item = Rs1265, selling price of an item = Rs 1253, Loss = Rs

A
9

B
10

C
11

D
12

Solution

Given CP = Rs. 1265, SP = Rs. 1253
Loss = CP – SP
= Rs. (1265 – 1253)
= Rs. 12
Question 14
1 / -0

C.P. = Rs 33, S.P. = Rs73,Profit = Rs……

A
10

B
20

C
30

D
40

Solution

Given CP = Rs. 33, SP = Rs. 73,
Here SP > CP, so profit.
Profit = SP – CP
Profit = Rs. (73 – 33)
= Rs. 40
Question 15
1 / -0

Find the unknown value:C.P. = Rs 98, S.P. = Rs 94 Profit/Loss =?

A
2

B
3

C
4

D
5

Solution

Given CP = Rs. 98, SP = Rs. 94
Clearly CP > SP.So, loss.
Loss = CP – SP
= Rs. (98 – 94)
= Rs. 4

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Re-Attempt Weekly Quiz Competition

Profit, Loss and Discount Test - 5

Result

Profit, Loss and Discount Test - 5

Score

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Rank

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SHARING IS CARING

Question 1

5%

10%

15%

20%

Solution

Question 2

4

2

1

0

Solution

Question 3

455.5

555.5

655.5

755.5

Solution

Question 4

20

30

40

50

Solution

Question 5

20

15

1

5

Solution

Question 6

67.55

77.55

77.5

67.5

Solution

Question 7

750

850

950

1050

Solution

Question 8

9.65

10.55

8.54

12.75

Solution

Question 9

15

30

45

50

Solution

Question 10

5.4

4.4

3.4

2.4

Solution

Question 11

18.5

20.5

22.5

24.5

Solution

Question 12

30

25

2

15

Solution