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Business Mathematics Practice Test: Profit And Loss
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Business Mathematics Practice Test: Profit And Loss
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25 Questions

1. If Harsh sold a match ticket for Rs.340 at a profit of 25%, at what price did he purchased the ticket?
2. P, Q, R subscribe Rs. 50,000 for a business. P subscribes Rs. 4000 more than Q and Q Rs. 5000 more than R. Out of a total profit of Rs. 25,000, what will be P's share?
3. If a person sells a ‘sari’ for Rs. 5200, making a profit of 30%, then the cost price of the sari is
4. A sold a car to B at a profit of 25%. B incurred loss of 15% while selling the same car to C. A spent Rs. 50000 for this car. At what price did C buy it?
5. Virat buys an old car for Rs. 50000 and spends Rs. 4000 on its repairs. If he sells the scooter for Rs. 60000, his gain percent is:
6. A fruit seller buys lemons at 2 for a rupee and sells then at 5 for three rupees. His gain percent is
7. Sagar purchased 10 kg of rice at the rate of Rs. 15 per kg and 25 kg of rice at the rate Rs. 14 per kg. He mixed the two and sold the mixture. Approximately at what rate per kg should he sell the mixture to make 40 % profit in the transaction?
8. Rohit got profit of 11½% by selling his old car. However he realized that had he sold it for Rs. 8100 more, his profit would be 38.5%. At what price did he buy the car?
9. A cheater manipulated his weighing machine so that it shows 1kg for 970 grams. How much profit does he get?
10. A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be sold to earn 5 % profit?
11. A man buys 50 pens at marked price of 46 pens from a whole seller. If he sells these pens giving a discount of 1% , what is the profit percent?
12. A sells a car to B at 10% loss. If B sells it for Rs. 54000 and gains 20%, the cost price of the car for A was
13. A person sold a stove for Rs. 423 and incurred a loss of 6%. At what price would it be sold so as to earn a profit of 8%?
14. A shopkeeper earns a profit of 15% after selling a book at 20% discount on the printed price. The ratio of the cost price and printed price of the book is?
15. Two bicycles were sold for Rs. 3990 each, gaining 5% on one and losing 5% on the other. The gain or loss percent on the whole transaction is
16. Find the resultant profit if A sells a cupboard at a profit of 6% to B and B sells the same to C at a profit of 9%.
17. If selling price of 12 pens is equal to the cost price of 18 pens, find the profit percent.
18. By purchasing an article at 20 % discount on the original price and then selling it at a price of % above the original price, a trader earns Rs. 200 as the profit. What was the original price of the article?
19. Eleven bags are bought for Rs.1000 and sold at 10 for Rs.1100. What is the gain or loss in percentage?
20. Anil purchased 30 kg of wheat at the rate of Rs. 22 per kg and 20 kg of wheat at the rate of Rs. 24 per kg. He mixed the two. Approximately at what rate per kg should he sell the mixture to make 25% profit?
21. Guddi buys some oranges in a shop at 4 per rupee. She goes to other shop and buys same number of oranges at 5 per rupee. She then combines them in a basket and sells them at 4 per rupee. Will she get a profit or loss? And how much?
22. A trader has 200 kg of sugar, out of which he sells some with 10% profit and the rest with 25% profit. He gains 15% on the whole. Find the quantity of sugar sold at 25% profit?
23. Ramesh sold a statue for a price 25% higher than the original price of the statue. He had however bought the statue at 20% discount on the original price. With the profit of Rs. 2025, find the original price of the statue.
24. Vijay sells a cupboard at 14% below cost price. Had he got Rs.2086 more, he would have made a profit of 14%. What is the cost price of the cupboard?
25. Ajay incurred loss of 20% by selling a vase for Rs. 2880. To get a profit of 20% at what price should he sell the vase?

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