# Practice Test: Question Set - 01

**1. John sold a cycle to Michel at a gain of 15%, Michel sold it to Robin at a gain of 20%. If Robin paid Rs. 897, then John would have paid**

- (A) Rs.
350

- (B) Rs. 1210

- (C) Rs. 750

- (D) Rs. 650

**2. What is the single profit equivalent to two successive profits of 20% and 15%?**

- (A) 38%

- (B) 35%

- (C) 30%

- (D) 20%

**3. In purchasing and selling articles, a shopkeeper cheats both the seller and the buyer by 10%. His percent gain is**

- (A) 21%

- (B) 20%

- (C) 15%

- (D) 10%

**4. By selling an article for Rs. 3640, a man loses 9%. His gain or loss percent if he sells it for Rs. 4200 is**

- (A) No
loss no gain

- (B) Loss 5%

- (C) Gain 5%

- (D) Gain 7.5%

**5. If the selling price of an article is 4/3 times its cost price, the profit percent is**

- (A) 33

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- (B) 31

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- (C) 33

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- (D) 30

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**6. By selling 15 mangoes, a fruit seller gains the selling price of 3 mangoes. His gain is**

- (A) 25%

- (B) 16%

- (C) 24%

- (D) 27%

**7. By selling an article for Rs. 19.50 a dealer makes a profit of 30% by how much should he increase his selling price so as to make a profit of 40%?**

- (A) Rs. 2

- (B) Rs. 1.50

- (C) Rs. 3.24

- (D) Rs. 3. 50

**8. A man bought a horse and sold it at a gain of 10%. If he had bought the horse at 20% less and sold it for Rs. 100 more, he would have a profit of 40%. The C.P. of the horse is**

- (A) Rs. 2000

- (B) Rs. 4000

- (C) Rs. 5000

- (D) Rs. 6000

**9. A fruit seller purchases oranges at the rate of 3 for Rs. 5 and sells them at 2 for Rs. 4. His profit in the transaction is**

- (A) 20%

- (B) 30%

- (C) 35%

- (D) 31%

**10. A man bought 50 dozen eggs of a rate of Rs. 4 per dozen. He finds 40 eggs rotten. In order to gain 5%, he should sell eggs at**

- (A) Rs. 4.50 per
dozen

- (B) Rs. 5 per
dozen

- (C) Rs. 5.50 per
dozen

- (D) Rs. 6.50 per
dozen

**11. If the selling price of 18 articles is equal to the CP of 21 articles the loss or gain percent**

- (A) 16 ⅔ % losses

- (B) 16 ½ % profit

- (C) 15 ⅔ % losses

- (D) 16% profit

**12. If by selling 100 mangoes the CP of 120 mangoes is realized the gain percent is**

- (A) 2

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- (B) 9

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- (C) 6

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- (D) 5

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**13. If the cost price of 20 articles is equal to the selling price of 25 articles. The loss percent in the transaction is**

- (A) 5%

- (B) 20%

- (C) 25%

- (D) 30%

**14. A man sells 320 mangoes at the cost price of 400 mangoes. His gain percent is**

- (A) 25%

- (B) 20%

- (C) 10%

- (D) 15%

**15. Profit earned by selling an article for Rs. 1060 is 20% more than the loss incurred by selling the article for Rs. 950. At what price should the article be sold to earn 20% profit?**

- (A) Rs.1800

- (B) Rs.1080

- (C) Rs.1000

- (D) Rs.1200

**View All Answers**

__Profit and Loss:__**Formula: Profit and Loss Formulas**

**Solved Examples: Solved Examples: Set 01**

**Practice Test: Practice Test: 01 Practice Test: 02 Practice Test: 03**