Free Test Profit, Loss, Discount – General...

Q1: A shopkeeper buys an article for ₹500 and sells it for ₹600. What is the profit percentage?

A. 10% B. 15% C. 20% D. 25%

Q2: An item is sold at 10% loss for ₹1800. What was the cost price?

A. ₹2000 B. ₹1900 C. ₹2100 D. ₹1850

Q3: If an article is sold at a gain of 25%, what would be the selling price if the cost price is ₹800?

A. ₹900 B. ₹950 C. ₹1000 D. ₹1050

Q4: A trader marks an item 40% above cost and allows a discount of 10%. What is the profit percentage?

A. 26% B. 30% C. 25% D. 20%

Q5: What is the loss percent if a product bought at ₹150 is sold for ₹120?

A. 15% B. 20% C. 25% D. 30%

Q6: A shopkeeper gains 10% after allowing 20% discount. The markup on the article is?

A. 30% B. 35% C. 25% D. 40%

Q7: A seller sells a watch for ₹576 at a loss of 4%. What was the cost price?

A. ₹600 B. ₹580 C. ₹590 D. ₹620

Q8: What is the selling price if a discount of 10% is given on the marked price of ₹1200?

A. ₹1080 B. ₹1100 C. ₹1150 D. ₹1000

Q9: A trader marked an article 50% above cost and gave 20% discount. Profit % is?

A. 20% B. 25% C. 30% D. 35%

Q10: If cost price of 12 pens is equal to selling price of 10 pens, what is the profit %?

A. 10% B. 20% C. 25% D. 30%

Q11: An article is sold at 25% loss. If it was sold for ₹300 more, it would have been 20% gain. Find CP.

A. ₹1000 B. ₹800 C. ₹1200 D. ₹900

Q12: A man sells two items at ₹990 each, one at 10% gain and one at 10% loss. What is the overall result?

A. Gain 1% B. Loss 1% C. No profit no loss D. Gain 0.5%

Q13: Marked price of a product is ₹800. A discount of 20% is given. SP = ?

A. ₹600 B. ₹640 C. ₹700 D. ₹720

Q14: SP is 90% of MP and MP is 120% of CP. Find profit %.

A. 8% B. 10% C. 5% D. 12%

Q15: An article is bought for ₹850 and sold at ₹1020. Profit %?

A. 15% B. 20% C. 25% D. 18%

Q16: Profit of ₹60 is made on a product costing ₹240. Profit %?

A. 20% B. 25% C. 15% D. 30%

Q17: Loss % when article bought for ₹500 and sold at ₹400?

A. 20% B. 25% C. 10% D. 15%

Q18: An article was sold at 10% discount on marked price but earned 20% profit. Markup %?

A. 33.33% B. 40% C. 25% D. 50%

Q19: A man sells an article at 80% of its marked price. He makes a loss of 10%. The marked price is ₹1000. Find CP.

A. ₹900 B. ₹880 C. ₹850 D. ₹800

Q20: A shopkeeper offers 2 successive discounts of 10% and 20%. Effective discount?

A. 30% B. 28% C. 25% D. 32%

Quiz for Profit, Loss, Discount