Math Quiz VII - Profit, Loss and Discount

1. If the CP of an article is Rs 500 and its SP is Rs 650, the profit percent equals :

a) 25% b) 30% c) 32% d) 40%

2. If the CP of an article is Rs 500 and its SP is Rs 350, the loss percent equals :

a) 20% b) 25% c) 30% d) 35%

3. If an article is bought for Rs 300 and sold at a profit of 30%, its SP equals :

a) Rs 330 b) Rs 360 c) Rs 390 d) Rs 420

4. A trader buys an article for Rs. 500 and adds a profit of 20%;

the selling price will be :

a) Rs 560 b) Rs 575 c) Rs 600 d) Rs 625

5. A trader buys an article for Rs. 500 and suffers a loss of 20%;

the selling price of the article was :

a) Rs 350

b) Rs 400

c) Rs 420

d) Rs 440

6. The selling price of a laptop computer is Rs 32500, which includes a profit of 30%.

The cost price of the computer was :

a) Rs 22500 b) Rs 25000 c) Rs 27500 d) Rs 30000

7. If the SP of a widget = Rs 700 and the loss

incurred was 30%, the CP was :

a) Rs 490 b) Rs 540 c) Rs 910 d) Rs 1000

8. A shopkeeper buys apples at Rs 120 per kg

and sells them for Rs 138 per kg. His profit percent is :

a) 12% b) 13% c) 15% d) 16%

9. If CP = Rs 120, and the loss incurred was 12%, the SP would be :

a) Rs 105.60 b) Rs 115.60 c) Rs. 134.40 d) Rs 140

10. An article is marked at Rs 250 and sold at a discount of 12%; its SP equals :

a) Rs 200 b) Rs 220 c) Rs 240 d) Rs 280

11. If CP = Rs 500, MP = Rs 700, the article was marked up by how much percent?

a) 20% b) 30% c) 40% d) 50%

12. If CP = Rs 500, MP = Rs 700, and discount offered is 20%, then SP equals :

a) Rs 520 b) Rs 560 c) Rs 600 d) Rs 620

13. If CP = Rs 500, MP = Rs 700, and discount offered is 20%, then P% equals :

a) 8% b) 10% c) 12% d) 14%

----------Answer Key----------

1. (b) 2. (c) 3. (c) 4. (c) 5. (b) 6. (b) 7. (d)
8. (c) 9. (a) 10. (b) 11. (c) 12. (b) 13. (c)