In mathematics profit and loss are considered an important topic. Knowledge of this topic is necessary for businessmen and many other fields. Cost price is the price at which an article is purchased, it's abbreviated as C.P and Selling price is the price at which an article is sold it's abbreviated as S.P. Lets's Take this quiz and check your concepts about profit and loss.
1. If 5% more gained by selling an article for Rs.350 then by selling it for Rs. 340 the cost of the article is?
A. 200
B. 250
C. 280
D. 300
2. The cash difference between the selling price of an article at a profit of 4% and 6% is Rs.3. the ratio of the two selling prices is?
A. 51:52:00
B. 51:53:00
C. 52:53
D. 52:55:00
3. A man bought goods work Rs.6000 and sold half of then at a gain of 10%.at what gain Percent most be sold the remainder so as to get a gain of 25% on the whole?
A. 25%
B. 30%
C. 35%
D. 40%
4. An article was sold for Rs.144.if the percentage of profit was numerically equal to the cost price, the cost of the article was?
A. 72
B. 80
C. 95
D. 110
5. A girl buys an article for 10% less than its value and sells it for 10% more than its value. His gain or loss percent is?
A. No profit, No loss
B. Less than 20% profit
C. 20% profit
D. More than 20% profit
6. A businessman sold 2/3 of his stock at a gain of 20% and the rest at a gain of 14% the overall percentage of gain to the businessman is?
A. 18%
B. 22%
C. 25%
D. 29%
7. A cloth Marchant sold half of his cloth at 20% profit, half of the remaining at 20% loss and the rest was sold at the cost price. In the total transaction, his gain or loss will be?
A. Neither loss nor gain
B. 5% gain
C. 5% loss
D. 10% gain
8. If a commission 10% is given on the written price of an article, the gain is 20% if the commission is increased to 20% the gain is?
A. 29/4%
B. 25/2%
C. 40/3%
D. 20/3%
9. 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?
A. 9%
B. 10%
C. 10.50%
D. 11%
10. If a man reduces the selling price of a fan from Rs.400 to Rs.380, his loss increases by 2%.the cost price of the fan is ?
A. 480
B. 500
C. 610
D. None of these
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