Mock Test

Exam: RRB Group D Subject: Mathematics Topic: Profit and Loss

Total Questions: 20

Q1. An item has a cost price of Rs. 500. If it is sold for Rs. 450, what is the loss percentage?

10% 5% 20% 50%
Q2. A dealer sells a product at a 10% profit. If the cost price had been 10% less and the selling price had been ₹1 less, the profit would have been 20%. What is the original cost price?

₹10 ₹20 ₹30 ₹40
Q3. The marked price of a mobile phone is Rs. 8000. A discount of 15% is given. What is the selling price?

Rs. 6000 Rs. 6500 Rs. 6800 Rs. 7000
Q4. The marked price of a bicycle is Rs. 5000. If it is sold for Rs. 4000, what is the discount percentage?

10% 15% 20% 25%
Q5. The selling price of a chair is ₹800, and there is a loss of ₹100. What is the cost price of the chair?

₹700 ₹800 ₹900 ₹1000
Q6. If the selling price of an article is reduced by 20%, the profit is reduced by Rs. 100. The cost price of the article is:

Rs. 400 Rs. 500 Rs. 600 Rs. 700
Q7. A shopkeeper buys an article for Rs. 600. He marks the price 40% above the cost price. For what percentage discount should he sell the article so that he makes a profit of 20%?

10% 12% 15% 20%
Q8. A trader marks his goods at 25% above the cost price. He sells them at a discount of 10% on the marked price. What is the profit percentage?

12.5% 15% 10% 17.5%
Q9. By selling 80 articles, a dealer gains the cost price of 20 articles. What is his gain percentage?

20% 25% 30% 33.33%
Q10. In a competitive market, if a firm's average variable cost is Rs. 50 and its total fixed costs are Rs. 10,000, and it sells its product for Rs. 70 per unit, what is its break-even point in units?

250 units 500 units 750 units 1,000 units
Q11. A shopkeeper marks the price of a book 40% above its cost price. If he sells it for Rs. 420, what is his profit percentage?

10% 15% 20% 25%
Q12. The Quakers, known for their ethical business practices, often emphasized a 'fair profit' which implied:

Maximizing profit at any cost Profits derived from honest dealings and reasonable returns Profits through price gouging Profits from speculation
Q13. A vendor buys apples for ₹120 and sells them for ₹150. What is the profit in rupees?

₹20 ₹25 ₹30 ₹35
Q14. A shopkeeper sells a bag for Rs. 350 at a loss of 30%. What is its cost price?

Rs. 450 Rs. 480 Rs. 500 Rs. 520
Q15. A shopkeeper marks up his goods by 20% and then offers a discount of 10%. What is his net profit percentage?

8% 10% 12% 15%
Q16. Ramesh bought a car for Rs. 2,00,000. He spent Rs. 50,000 on its repair. He sold the car at a profit of 25%. How much did he sell the car for in rupees?

Rs. 3,12,500 Rs. 3,00,000 Rs. 3,25,000 Rs. 2,87,500
Q17. The Luddite movement in the early 19th century protested against industrialization, often by destroying machinery. From a historical perspective, what did their actions implicitly reveal about their understanding of profit and loss in the context of technological change?

They believed profit was solely generated by skilled craftsmanship. They saw technological advancements as leading to increased profits for owners at the expense of workers' livelihoods and skills, causing them 'loss'. They advocated for a complete abolition of profit. They believed that all machinery should be unprofitable.
Q18. Ramesh sells two TVs at the same selling price. On one, he gains 25%, and on the other, he loses 20%. If the cost price of the first TV is Rs. 16000, find the selling price of each TV.

Rs. 20000 Rs. 18000 Rs. 22000 Rs. 19000
Q19. An article is marked at Rs. 600. A discount of 25% is offered. What is the selling price?

Rs. 450 Rs. 400 Rs. 500 Rs. 475
Q20. By selling a bag for Rs. 390, a shopkeeper makes a loss of 17%. Find the cost price of the bag.

Rs. 450 Rs. 460 Rs. 470 Rs. 480

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