Home > Business Math > Quizzes > Business Mathematics Practice Test: Profit And Loss
Business Mathematics Practice Test: Profit And Loss
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 21% • Most missed: “Sagar purchased 10 kg of rice at the rate of Rs. 15 per kg and 25 kg of rice at …”
Business Mathematics Practice Test: Profit And Loss
Time left 00:00
25 Questions

1. 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?
2. Eleven bags are bought for Rs.1000 and sold at 10 for Rs.1100. What is the gain or loss in percentage?
3. 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?
4. A fruit seller buys lemons at 2 for a rupee and sells then at 5 for three rupees. His gain percent is
5. 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?
6. If selling price of 12 pens is equal to the cost price of 18 pens, find the profit percent.
7. 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?
8. 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?
9. If selling price of 40 articles is equal to cost price of 50 articles, the loss or gain percent is
10. 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?
11. 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?
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 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?
14. At what price should the Karan mark a sewing machine that costs him Rs. 1200/- so that even after offering a 20% discount, he makes 25% profit?
15. 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:
16. 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
17. 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.
18. 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?
19. Chaman sells 40 fans at 10% profit. He wants a total of 20% profit on the entire sale. Since he got 160 fans at rate of Rs. 100 each, at what profit must he sell the remaining fans?
20. If a person sells a ‘sari’ for Rs. 5200, making a profit of 30%, then the cost price of the sari is
21. An article costs Rs. 600. What should be the marked price of an article so that after 10% discount, the trader makes 20% profit?
22. Simran bought pet food worth Rs. 56000. She then sold 1/3rd of it incurring a loss of 40%. What profit she must earn on rest of the supplies to nullify this loss?
23. 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?
24. Uma wants to gain 15% profit on her sale of sugar. She buys 120 kg of sugar at Rs. 24 per kg to mix with 180 kg of sugar bought at Rs. 28 per kg. She sells the sugar mix at ….
25. A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be sold to earn 5 % profit?

⚡ Recently practiced quizzes in this topic
Live quiz activity
Business Mathematics DSST Practice Test 1 Business Mathematics DSST Practice Test 2 FBLA Financial Math Review Business Math Exam 8 Business Mathematics Practice Test: Ratio, Proportion And Percentage Business Math - Investments Business Math Exam 11 Business Mathematics Practice Test: Interest Business Math - Banking Concepts Business Math Test
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.