Profit and Loss

Q.

When cost price is greater than selling price, it is a ____.

1. Profit

2. Loss

3. Neither profit nor loss

4. Cannot say

Q.

Tim bought a pen of Rs20 and paid a Rs100 note. The shopkeeper gave him Rs80 change in return.If the Rs100 note was fake, find the shopkeeper's loss.

1. Rs 100
2. Rs 80
3. Rs 20
4. Rs 120

Q.

Fill in the blanks to make the statement true: John sells a bat for $₹75$ and suffers a loss of $₹8$.

The cost price of the bat is _____

Q.

Darren bought 2 dozen mangoes for Rs. 168. Since 6 of them got spoiled, he incurred a loss of Rs.24 on selling them. What was the SP of one mango?

1. Rs.8
2. Rs.7
3. Rs.6
4. Rs.9

Q.

Fill in the blanks to make the statement true:

Mohini bought a cow for $₹9000$ and sold it at a loss of $₹900$.

The selling price of the cow is _______

Q.

Rahim bought a dozen pencils at ₹ 5 per pencil. He sold half of them at ₹ 6 per pencil and the other half at ₹ 7 per pencil. Find the total profit.

1. ₹ 12

2. ₹ 24

3. ₹ 16

4. ₹ 18

Q.

When an item is sold, there is neither a profit made and nor a loss incurred. Which of the following is true in such a case?

(CP = Cost Price, SP = Selling Price, MP = Marked Price)

1. CP > SP

2. SP > CP

3. CP = SP

4. SP > MP

Q.

When cost price is greater than selling price, it is a ____.

1. Profit

2. Loss

3. Neither profit nor loss

4. Cannot say

Q. When selling price is more then cost price there is a profit and when cost price it more then selling there is a loss.

Q.

If cost price of an item is ₹ 920 and selling price for the same is ₹ 800, which of the following is true?

1. Loss of ₹ 120

2. Loss of ₹ 100

3. Profit of ₹ 120

4. Profit of ₹ 100

Q.

Mia bought a laptop for ₹ 21, 000 and sold it to her friend at a profit equal to ${\frac{1}{5}}^{\text{th}}$ of the cost price. How much did her friend pay Mia?

1. ₹ 21000

2. ₹ 26200

3. ₹ 25200

4. ₹ 16800

Q.

If Ravi had bought a car for ₹3, 00, 000 and sold it to his friend for ₹2, 80, 000, does he get a profit or a loss?

1. Profit

2. Loss

3. Neither profit nor loss

4. Cannot say

Q. A person buys a television for $Rs1200$ and spends $Rs2500$ on its repairs. At what price should he sell the television to gain $6\%$

Q.

If the cost price of an article is $₹25.75$ and the selling price is $₹30$, then find out the profit earned.

Q.

Aditya sold his phone to Vinay for Rs 10, 000. Vinay further sold it to Shishir for Rs 2000 less. At what cost did Shishir purchase the phone?

1. Rs 9000
2. Rs 8000
3. Rs 2000
4. Rs 6000

Q.

Choose the correct option in the transaction:

Cost Price = ₹ 1235 and Selling Price = ₹1638

1. Loss of ₹ 38

2. Loss of ₹ 403

3. Profit of ₹ 403

4. Profit of ₹ 400

Q. A man is able to make profit of ₹ 100 by selling a cricket bat for ₹ 600 which he bought for ₹ 500.

1. True
2. False

Q.

Complete the following table (wherever possible):

Cost price	Selling price	Profit	Loss
$₨720$	$₨640$		$₨80$

Q. Find the profit from each sale and sort from the least profitable to the most profitable(from top to bottom).

1. CP = 100
   SP = 300
2. CP = 100
   SP = 150
3. CP.= 75
   SP = 100
4. CP = 110
   SP = 180

Q.

Mia bought a laptop for ₹ 21, 000 and sold it to her friend at a profit equal to ${\frac{1}{5}}^{\text{th}}$ of the cost price. How much did her friend pay Mia?

1. ₹ 21000

2. ₹ 25200

3. ₹ 16800

4. ₹ 26200

Q.

A man bought a watch for ₹18, 750 and sold it at a loss of ₹ 1, 560. The selling price of the watch is ___.

1. ₹ 17, 190

2. ₹ 16, 190

3. ₹ 17, 290

4. ₹16, 290

Q.

Complete the following table (wherever possible):

Cost price	Selling price	Profit	Loss
	$₨400$		$₨20$