Mock Test

Q1. A shopkeeper marks an article at 60% above its cost price. He then sells it after offering a discount of 20%. If the selling price is Rs. 1440, what is the cost price?

Q2. Analyzing the breakdown of expenses within a Profit and Loss statement can help management identify:

Q3. If a mobile phone is bought for Rs. 15000 and sold at a profit of 10%, what is the selling price?

Q4. If a fan is sold for Rs. 800 at a profit of 60%, what is its cost price?

Q5. A person buys 100 books at Rs. 100 each. He sells 50 books at a profit of 10% and another 30 books at a profit of 20%. At what profit percentage should he sell the remaining 20 books so that his overall profit is 15%?

Q6. A shopkeeper marks an article 50% higher than its cost price and sells it at a discount of 20%. He earns a profit of ₹60. What is the cost price of the article?

Q7. When a commodity is sold at a loss of 15%, the selling price is Rs. 1700. If it is sold at a profit of 15%, what would be the selling price?

Q8. A vendor bought 10 mangoes for Rs. 50 and sold them at a loss of 10%. What is the selling price of one mango?

Q9. An article is sold at a loss of 20%. If its selling price were increased by ₹400, the gain would be 10%. What is the cost price of the article?

Q10. A shopkeeper offers a discount of 25% on a sofa set marked at Rs. 30000. What is the selling price?

Q11. A shopkeeper sells two articles for Rs. 5000 each. On the first article, he gains 25%, and on the second article, he loses 20%. What is his overall profit or loss percentage?

Q12. By selling 100 pencils, a shopkeeper gains the cost price of 20 pencils. His profit percentage is:

Q13. When an article is sold at a loss of 15%, the selling price is ₹1700. If the article is sold at a profit of 15%, what would be the selling price?

Q14. A shopkeeper offers a discount of 20% on the marked price of a sofa. If the selling price is Rs. 16000, what is the marked price?

Q15. The cost price of two watches is the same. One is sold at a profit of 15% and the other at a loss of 15%. The overall loss percentage is:

Q16. A shopkeeper marks the price of an article 20% above its cost price and then offers a discount of 10%. What is the profit percentage?

Q17. A shopkeeper buys a product for Rs. 200. He marks it up by 25%. He then sells it at a discount of 10% on the marked price. What is the profit percentage?

Q18. The marked price of an item is 60% above the cost price. The shopkeeper offers a discount of 20%. What is the profit percentage?

Q19. By selling 100 pencils, a shopkeeper gains the cost price of 20 pencils. His gain percentage is:

Q20. A trader sells two articles for Rs. 1000 each. He gains 20% on one and loses 20% on the other. What is his overall profit or loss percentage?