12:15 AM
SSC Quiz on Profit & Loss with Explanation
Profit & Loss Quiz

1. A man wanted to sell an article with 20% profit but he actually sold it at 20% loss for Rs 480. At what price he wanted to sell it to earn the profit?
 Rs 720
 Rs 840
 Rs 600
 Rs 750
Answer: Option
A
Explanation:
Note:
Profit & Loss Quiz

2. If a Man estimates his loss as 20% of the selling price, then his loss percent is:
 20%
 25%
 40/3%
 50/3%
Answer: Option
D
Explanation:
Note:
Profit & Loss Quiz

3. If 3 toys are sold at the cost price of 4 toys of the same kind, the profit will be :
 25%
 100/3%
 200/3%
 50%
Answer: Option
B
Explanation:
Note:
Profit & Loss Quiz

4. A House worth Rs 1,50,000 is sold by X at a 5% profit to Y, Y sells the house back to X at a 2% loss. Then in the entire transaction?
 X gains Rs 4,350
 X Loses Rs 4,350
 X gains Rs 3,150
 X loses Rs 3,150
Answer: Option
A
Explanation:
Note:
Profit & Loss Quiz

5. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
 30%
 70%
 100%
 250%
Answer: Option
B
Explanation:
Note:
Profit & Loss Quiz

6. Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
 3.5
 4.5
 5.6
 6.5
Answer: Option
C
Explanation:
Note:
Profit & Loss Quiz

7. Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:
 30%
 35%
 100/3%
 44%
Answer: Option
D
Explanation:
Note:
Profit & Loss Quiz

8. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
 8%
 10%
 5%
 No Profit No Loss
Answer: Option
C
Explanation:
Note:
Profit & Loss Quiz

9. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
 21,000
 22,500
 25,300
 25,800
Answer: Option
C
Explanation:
Note:
Profit & Loss Quiz

10. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:
 15
 16
 18
 25
Answer: Option
B
Explanation:
Note:
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