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Profit & Loss Level 1 (1- 50 Questions)
Q1–10 of 50
1

The selling price of an article is 8/7 of cost price. What is the profit percentage?

Correct Answer: D. 100/7
Explanation:

ANS .  D

2

If the cost price of 15 books is equal to the selling price of 20 books, the loss percent is

Correct Answer: D. 25
Explanation:

ANS . D

3

If by selling 110 mangoes, the C.P. of 120 mangoes is realised, the gain percent is

Correct Answer: A. 9 ¹⁄₁₁ %
Explanation:

ANS . A


4

A vendor loses the selling price of 4 mangoes on selling 36 mangoes. His loss percent isΒ 

Correct Answer: A. 10%
Explanation:

ANS . A


5

By selling an article for Rs 100, a man gains Rs 15. Then, his gain % is

Correct Answer: C. 300/17 %
Explanation:

ANS . C


6

By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?

Correct Answer: B. 8
Explanation:

ANS . B

7

Subroto sold an article for Rs 528 after allowing a discount of 12% on its marked price. What was the marked price of the article?

Correct Answer: A. Rs 600
Explanation:

ANS . A


8

Sanjay made a profit of 8% by selling a shirt after offering a discount of 12%. If the marked price of the shirt is Rs 1080, find its cost price.

Correct Answer: C. 880
Explanation:

ANS . C

9

At what profit percent must an article be sold so that by selling at half that price, there may be a loss of 30%?

Correct Answer: C. 40%
Explanation:

ANS . C


10

A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent isΒ 

Correct Answer: D. 12
Explanation:

ANS . D


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