Home » Profit and Loss – Questions and Answers – Quiz 2

Profit and Loss – Questions and Answers – Quiz 2

1. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

Rs. 2000
Rs. 2200
Rs. 2400
Data inadequate

2. A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

Rs. 18.20
Rs. 70
Rs. 72
Rs. 88.25

3. A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

Rs. 1090
Rs. 1160
Rs. 1190
Rs. 1202

4. Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

3.5
4.5
5.6
6.5

5. Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:

30%
33(1/3)%
35%
44%

Score =
Correct answers:

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