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Maths Profit and Loss Test.10

**Quiz Instructions:**

- There will be 20 multiple choice question in this online test.
- Answer of the questions will change randomly each time you start this test.
- Practice this test at least 3 times if you want to secure High Marks.
- At the End of the Test you can see your Test score and Rating.

1 / 20

**The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%.**

2 / 20

**A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of :**

3 / 20

**A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:**

4 / 20

**When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?**

5 / 20

**On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:________?**

6 / 20

**A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 8%. The rate of discount is:**

Explanation:

C.P = Rs. 100

Marked Price = Rs. 120,

S.P = Rs. 108

Discount = (12/120 × 100)% = 10%

Explanation:

C.P = Rs. 100

Marked Price = Rs. 120,

S.P = Rs. 108

Discount = (12/120 × 100)% = 10%

7 / 20

**A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs. 40. Then how many shirts each costing Rs.32 he should purchase?**

Explanation:

The number of shirts = X

Rebate = (25/100 × 32 X) = 8X

8X = 40 or X = 5

Explanation:

The number of shirts = X

Rebate = (25/100 × 32 X) = 8X

8X = 40 or X = 5

8 / 20

**The difference between a discount of 40% on Rs. 500 and two successive discount of 36% and 4% on the same amount is:________?**

9 / 20

**Tarun bought a T.V with 20% discount on the labelled price. Had he bought it with 25% discount? He would have saved Rs. 500. At what price did he buy the T.V?**

Explanation:

Labelled price be Rs. 100

S.P in 1st case = Rs. 80

S.P in 2nd case = Rs. 75

Saving is Rs. 5 labelled price = Rs. 100

Saving is Rs. 500 labelled price

= Rs. (100/5 × 500) = Rs. 10000

Explanation:

Labelled price be Rs. 100

S.P in 1st case = Rs. 80

S.P in 2nd case = Rs. 75

Saving is Rs. 5 labelled price = Rs. 100

Saving is Rs. 500 labelled price

= Rs. (100/5 × 500) = Rs. 10000

10 / 20

**A man purchases an electric heater whose printed price is 160 if he received two successive discounts of 20% and 10% he paid:**

Explanation:

Price after 1^{st} discount = 80% of Rs. 160 = Rs. 128

^{nd}discount = 90% of Rs. 128 = Rs. 115.20

Explanation:

Price after 1^{st} discount = 80% of Rs. 160 = Rs. 128

^{nd}discount = 90% of Rs. 128 = Rs. 115.20

11 / 20

**The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price, in this kind of sale the seller**

Explanation:

C.P = Rs. 100

Marked price = Rs. 110

S.P = 90% of Rs. 110 = Rs. 99

Loss = 1%

Explanation:

C.P = Rs. 100

Marked price = Rs. 110

S.P = 90% of Rs. 110 = Rs. 99

Loss = 1%

12 / 20

**A trader lists his articles 20% above C.P and allows a discount of 10% on cash payment. His gain percent is:**

Explanation:

C.P = Rs. 100.

Then marked price = Rs. 120

S.P = 90% of Rs. 120 = Rs. 108

Gain = 8%

Explanation:

C.P = Rs. 100.

Then marked price = Rs. 120

S.P = 90% of Rs. 120 = Rs. 108

Gain = 8%

13 / 20

**While selling the watch, a shopkeeper gives a discount of 5% if he gives a discount of 7 % he earns Rs. 15 less as profit. The marked price of the watch is:**

Explanation:

Marked price is Rs. X

(7% of X) – 15 = 5% of X (Or)

7X/100 – 5X/100 = 15 or X = 750

Explanation:

Marked price is Rs. X

(7% of X) – 15 = 5% of X (Or)

7X/100 – 5X/100 = 15 or X = 750

14 / 20

**A Shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed. The ratio of the cost price and the printed price of the book is:**

Explanation:

Printed price of the book is Rs. 100

After a discount of 10% S.P = Rs. 90

Profit earned = 12%

C.P of the book = Rs. (100/112 × 90) = Rs. 1125/14

(C.P) : (Printed price) = 1125/14 : 100 or 45 : 56

Explanation:

Printed price of the book is Rs. 100

After a discount of 10% S.P = Rs. 90

Profit earned = 12%

C.P of the book = Rs. (100/112 × 90) = Rs. 1125/14

(C.P) : (Printed price) = 1125/14 : 100 or 45 : 56

15 / 20

**A retailer buys a sewing machine at a discount of 15% and sells it for Rs. 1955. Thus, he makes a profit of 15%. The discount is:**

Explanation:

Marked price be Rs. X

Discount availed by the retailer = 15% of Rs. X

C.P of the machine by the retailer

= (X – 15% of X) = Rs. 17X/20

15% of 17X/20 = 1955 – 17X/20

51X/400 + 17X/20 = 1955 or

X = 2000 Discount received retailer

= (15% of Rs. 2000) = Rs. 300

Explanation:

Marked price be Rs. X

Discount availed by the retailer = 15% of Rs. X

C.P of the machine by the retailer

= (X – 15% of X) = Rs. 17X/20

15% of 17X/20 = 1955 – 17X/20

51X/400 + 17X/20 = 1955 or

X = 2000 Discount received retailer

= (15% of Rs. 2000) = Rs. 300

16 / 20

**An umbrella marked at Rs. 80 is sold for Rs. 68. The rate of discount is:**

Explanation:

Discount = (12/80 × 100)% = 15%

Explanation:

Discount = (12/80 × 100)% = 15%

17 / 20

**Kabir buys an article with 25% discount on its marked price. He makes a profit of 10 % by selling it at Rs. 660. The marked price is :**

Explanation:

Original price be Rs. X

C.P = (X – 25% of X) = 3X/4

S.P = (3X/4 + 10% of 3X/4) = 33X/40

33X/40 = 660

=> X = 800

Explanation:

Original price be Rs. X

C.P = (X – 25% of X) = 3X/4

S.P = (3X/4 + 10% of 3X/4) = 33X/40

33X/40 = 660

=> X = 800

18 / 20

**The ratio of the prices of three different types of cars is 4:5:7. If the difference between the costliest and the cheapest cars is Rs. 60000 the price of the car of modest price is:**

Explanation:

Let the prices be 4X, 5X and 7 X rupees

7X – 4X = 60000

=> X = 20000

Required price = 5X = Rs. 100000

Explanation:

Let the prices be 4X, 5X and 7 X rupees

7X – 4X = 60000

=> X = 20000

Required price = 5X = Rs. 100000

19 / 20

**A discount series of 10%, 20% and 40% is equal to a single discount of:_________?**

Explanation:

Original price = Rs. 100

Price after first discount = Rs. 90

Price after second discount = Rs. (80/100 × 90) = Rs. 72

Price after third discount = Rs. (60/100 × 72) = Rs. 43.20

Single discount = (100 – 43.20) = 56.8%

Explanation:

Original price = Rs. 100

Price after first discount = Rs. 90

Price after second discount = Rs. (80/100 × 90) = Rs. 72

Price after third discount = Rs. (60/100 × 72) = Rs. 43.20

Single discount = (100 – 43.20) = 56.8%

20 / 20

**At what price must kashif sell a mixture of 80 kg sugar at Rs. 6.75 per kg with 120 kg at Rs. 8 per kg to gain 20%?**

Explanation:

C.P of 200 kg of sugar = Rs. (80 × 6.75 + 120 × 8) = Rs. 1500

C.P of 1 kg = Rs. (1500/200) = Rs. 7.50

Gain required = 20%

S.P of 1 kg = (120% of Rs. 7.50)

= Rs. (120/100 × 7.50) = Rs. 9 per kg

Explanation:

C.P of 200 kg of sugar = Rs. (80 × 6.75 + 120 × 8) = Rs. 1500

C.P of 1 kg = Rs. (1500/200) = Rs. 7.50

Gain required = 20%

S.P of 1 kg = (120% of Rs. 7.50)

= Rs. (120/100 × 7.50) = Rs. 9 per kg