Profit, Loss and Discount

1.

Multiple Choice

30 sec

1 pt

Formula to find profit % is :

$\frac{SP-CP}{SP}×100\%$

$\frac{SP-CP}{CP}×100\%$

$\frac{CP-SP}{CP}×100\%$

None

2.

Fill in the Blank

1 min

1 pt

If an article was sold by gaining Rs. 800 for Rs. 2700, at what price it was bought?

3.

Multiple Choice

2 mins

1 pt

Ramesh bought a pen drive for Rs. 500 and sold it for Rs. 560. What his profit percent?

12%

10%

8%

15%

4.

Fill in the Blank

3 mins

1 pt

By selling a table for Rs. 244 a shopkeeper makes a loss of Rs.36, at what price should it be sold it to gain Rs.50?

5.

Multiple Choice

2 mins

1 pt

Binod bought a TV at Rs. 20000. What was his selling price, if he sold the TV at a loss of 2.5%?

Rs. 18500

Rs. 19500

Rs. 20500

Rs. 18000

6.

Multiple Choice

5 mins

1 pt

A shopkeeper sold an article at a loss ot 10%. Had it been sold for Rs.60 more, there would have profit of 10%, what is the cost price of the article?

Rs.500

Rs.400

Rs.300

Rs.200

7.

Multiple Choice

2 mins

1 pt

A man bought 2 dozen of copies for Rs.288 and sold at Rs. 15 each. What is his profit amount?

Rs. 180

Rs.360

Rs.400

Rs. 720

8.

Multiple Choice

3 mins

1 pt

Neelam bought a second hand mobile set for Rs. 8000 and spent Rs. 2000 for repairing. If it was sold at Rs. 16000. What is her profit or loss %?

60% Profit

50% Profit

50% Loss

20% Loss

9.

Multiple Choice

2 mins

1 pt

What is the profit percent when 8 pens are sold at the cost price of 10 pens?

20%

10%

25%

50%

10.

Multiple Choice

5 mins

1 pt

If 6 lemons are bought for Rs. 5 and sold 5 for Rs.6, what is the profit percent?

35%

48%

44%

50%

11.

Multiple Choice

1 min

1 pt

Formula to find the SP, when CP and loss percent (L%) given is:

$SP=\frac{CP\left(100-L\%\right)}{100}$

$SP=\frac{CP\left(100+L\%\right)}{100}$

$SP=\frac{CP×100}{100-L\%}$

None

12.

Multiple Choice

2 mins

1 pt

Which one is not true?

MP can be equal to SP.

SP cannot be greater than MP

MP is always less than SP

SP cannot be greater than MP but they can be equal

13.

Multiple Choice

2 mins

1 pt

The Marked price of a heater is Rs.5400. If a discount 10% is offered, what is the selling price of the heater?

Rs.5000

Rs.4960

Rs.4690

Rs.4880

14.

Multiple Choice

2 mins

1 pt

A shopkeeper allowed 15% discount in a mobile. If a customer paid Rs.7225 for the mobile, what is its Marked price?

Rs.9000

Rs.7000

Rs.6500

Rs.8500

15.

Multiple Choice

5 mins

1 pt

The labelled price of a laptop is Rs.55000. A shopkeeper allowed 5% discount on it. If the cost price of the laptop is Rs.50000, what is his profit percentage?

6.5%

5.5%

4.5%

3.5%

16.

Multiple Choice

1 min

1 pt

Which formula is correct?

$Discount=MP-SP$

$Discount=D\%\ of\ MP$

$CP-Loss=MP-Discount$

All the given options

17.

Multiple Choice

5 mins

1 pt

Gaurika bought a dress for Rs.2500 and tagged its price 20% above the cost price. If she allows 10% discount to the customer, what is her profit percent?

5%

6%

7%

8%

18.

Multiple Choice

30 sec

1 pt

Formula to find Discount % is:

$D\%=\frac{Actual\ \Pr ofit}{CP}×100\%$

$D\%=\frac{Actual\ Loss}{CP}×100\%$

$D\%=\frac{Actual\ Discount}{SP}×100\%$

$D\%=\frac{Actual\ Discount}{MP}×100\%$

Explore this activity with a free account