Practice Test (Quant) : 4 : Profit & Loss

Q1.      A dealer sells an article for Rs564and gets a profit of 1/5 of his cost price. What is the C.P of the article?

Q2.    Anil bought an article for Rs200 and sold it at a profit of 10%. What would have been the increase in the profit percent if it was sold for Rs230.

Q3.      On selling tea at Rs40 per kg, a loss of 10% is incurred. Calculate the amount of tea (in kg) sold, if the total loss incurred is Rs80.

Q4.     By selling a transistor for Rs1260, a shopkeeper gains 5%. At what price should he sell the transistor to gain 10%.

Q5.    A colour TV and a DVD were sold for Rs12000 each. The TV was sold at a loss of 20% where as the DVD at a gain of 20%. Find the gain or the loss percent on the whole transaction.