Question: Profit = ?
a) S. P – C.P.
b) C.P. – S.P.
c) Loss + C.P
Answer: S. P – C.P.
Question: Loss = ?
a) C.P. – S.P.
b) Loss – Profit
c) S. P. – C. P.
Answer: C.P. – S.P.
Question: C.P. = 70, S.P. = 80, P = ?
a) 10
b) 150
c) 50
Answer: 10
Question: C.P. = 85, S.P. 70, L =?
a) 15
b) 70
c) 10
Answer: 15
Question: C.P. = 200, Profit = 30, S.P = ?
a) 230
b) 250
c) 170
Answer: 230
Question: The money which is paid by the purchaser to buy an article is called
a) cost price
b) selling price
c) profit
d) loss
Answer: cost price
Question: The price at which an article is sold to the customer is called the
a) selling price
b) cost price
c) profit
d) loss
Answer: selling price
Question: If the S.P (selling price) of the article is more than its cost price, then the article is said to be
sold
a) at a profit
b) at a loss
c) Both
Answer: at a profit
Question: If the selling price of the article is less than its cost price, then the article is said to be sold
a) at a loss
b) at a profit
c) Both
Answer: at a loss
Question: Overhead charges are always added to the
a) cost price
b) selling price
c) profit
d) loss
Answer: cost price
Question: Gain or loss is expressed as a percentage of
a) the cost price
b) The selling price
Answer: the cost price
Question: One dealer buys an article for Rs.100 and sells it for Rs.101, his profit is
a) Rs.1
b) Rs.100
c) Rs.110
d) Rs.10
Answer: Rs.1
Question: If cost price is Rs.500 and actual profit is Rs.25 then profit% is
a) 5%
b) 15%
c) 50%
Answer: 5%
Question: Shyam sold a book for Rs.120 at a profit of Rs.40, the cost price will be
a) Rs.80
b) Rs.160
c) Rs.140
Answer: Rs.80
Question: If C.P= Rs.30, SP=Rs.42 then there is a
a) profit of Rs.12
b) Profit of Rs.30
c) loss of Rs.12
Answer: profit of Rs.12
Question: When S.P= Rs.200, loss= Rs.40 then C.P is
a) Rs.240
b) Rs.160
c) Rs.200
Answer: Rs.240
Question: If the cost price Rs.100 and selling price is Rs.120 then the profit percent is
a) 20%
b) 30%
c) 40%
d) 10%
Answer: 20%
Question: Shyam sold a book for Rs.120 at a profit of Rs.40. His profit percent is
a) 50%
b) 40%
c) 60%
Answer: 50%
Question: If selling price is Rs.40 and loss= Rs.10 then cost price is
a) Rs.50
b) Rs.30
c) Rs.10
d) Rs.40
Answer: Rs.50
Question: By selling a laptop for Rs.23,000, a dealer earns a profit of 15% its cost price is
a) Rs.20,000
b) Rs.15,000
c) Rs.38,000
Answer: Rs.20,000
Question: A fruit seller bought 150 dozen bananas at Rs.20 per dozen. His overhead expenses were
Rs.200.
a) Rs.3,200
b) Rs.2800
c) Rs.3000
Answer: Rs.3,200
Question: If a shopkeeper sells a wrist- watch for Rs.720 makes a profit of 20%, its cost price is
a) Rs.600
b) Rs.720
c) Rs.500
d) Rs.740
Answer: Rs.600
Question: Neetu buys a dress for Rs.2000 and sells it at 10% loss. Its selling price is
a) Rs.1800
b) Rs.2000
c) Rs.1500
d) Rs.1600
Answer: Rs.1800
Question: Samar purchased a bicycle for Rs.4200, and spent Rs.800 on its repairs. He had to sell it for
Rs.4500. Then there is a
a) loss of 10%
b) Gain of 10%
c) Gain of 30%
Answer: loss of 10%
Question: Jai bought a pen for Rs.70 and sold it for Rs.63. Then there is a
a) Loss of Rs.7
b) Profit of Rs.7
c) Profit of Rs.70
Answer: Loss of Rs.7
Question: By selling a refrigerator for Rs.16875, a profit of Rs.1875 is made then the cost price of the
refrigerator is
a) Rs.15000
b) Rs.16000
c) Rs.14000
d) Rs.14500
Answer: Rs.15000
Question: The cost price of the shirt which is sold for Rs.150 at a loss of Rs.100.
a) 250
b) 350
c) 450
d) 550
Answer: 25
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