Quantitative Aptitude : Profit and Loss Practice Set

1.A shopkeeper sold a Radio for Rs 1200/- and earned 25 % profit. Find the Cost price of that Radio?

 A : Rs 1,000/-

 B : Rs 960/-

 C : Rs 800/-

 D : Rs 900/-

 E : None of these

                          

2.A merchant sold certain Raw material for Rs 7200/- and suffered 10 % loss. Find the Cost price of the Raw material?

 A : Rs 7,000/-

 B : Rs 8,000/-

 C : Rs 9,000/-

 D : Rs 7,920/-

 E : None of these.

3.Sunil sold a Radio for Rs 680/- and suffered 15% loss. In order to earn 10% profit, he should have sold the Radio for how many rupees?

 A : Rs 860.20/-

 B : Rs 800/-

 C : Rs 880/-

 D : Rs 920/-

 E : None of these

4.The printed price on a Sewing Machine is Rs 2,400/-. The shopkeeper offers 10% discount on the printed price but even then he earns 8% profit. What is the Cost price of that Sewing Machine?

 A : Rs 1,987.20/-

 B : Rs 2,332.80/-

 C : Rs 2,000/-

 D : Rs 1,968/-

 E : None of these

5.The loss suffered by selling certain article for Rs 355/- is equal to twice the profit gained when that article was sold for Rs 400/-. Find the Cost price of that article.

 A : Rs 370/-

 B : Rs 375/-

 C : Rs 380/-

 D : Rs 385/-

 E : None of these

Answer 1 : B Answer 2 : B Answer 3 : C Answer 4 : C Answer 5 : A