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ManipurPSC Profit and Loss — practice questions — page 2

Explore 40 free Profit and Loss questions in ManipurPSC Quantitative Aptitude. Open each question or exercise to read its content, reference answers and available explanation.

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Profit and Loss questions and exercises with answers

Showing questions 31–40 of 40.

Complete the cost price ruleRead the answer and worked solution →A discount is a reduction given on which price of an article?Read the answer and worked solution →An item marked at 840 is sold for 714. The discount per cent is:Read the answer and worked solution →A frock is listed at 220 and a discount of 20% is announced. Its sale price is:Read the answer and worked solution →A table marked at 15,000 is available for 14,400. The discount per cent is:Read the answer and worked solution →An almirah is sold for 5,225 after a discount of 5%. Its marked price was:Read the answer and worked solution →An article bought for 400 is sold for 500. The profit per cent is:Read the answer and worked solution →A shopkeeper marks goods 25% above cost and then allows a 20% discount. His overall result is:Read the answer and worked solution →An item is sold for 15,000 at a loss of 20%. Its cost price was:Read the answer and worked solution →A shop offers a 20% discount. The sale price of a bag marked at 250 is:Read the answer and worked solution →

Worked practice questions

Complete the cost price rule

Read exercise and reference answers
Missing parts
  1. Answer
    buying
    Choices
    1. buying
    2. marked
    3. sale
  2. Answer
    overhead
    Choices
    1. overhead
    2. tax
    3. discount
  3. Answer
    larger
    Choices
    1. larger
    2. smaller
    3. the same
Complete the statement
Cost price is the {0} price plus any {1} expenses incurred after buying. Leaving those out makes the profit look {2} than it is.
The reason a seller can lose money on a sale that looks profitable. Source: syllabus Maths, Ch 7 Comparing Quantities.

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A discount is a reduction given on which price of an article?

  1. The cost price
  2. The marked price
  3. The sale price
  4. The wholesale price
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Correct answer: B. The marked price

1. A shop shows a price on the tag, which is the marked price or list price. 2. Discount is a reduction given on the marked price of the article. 3. It is offered to attract customers or to promote sales. 4. Subtracting the sale price from the marked price gives the discount. 5. The cost price is what the seller paid, and it is not what the discount is measured against. _Source: syllabus Maths, Ch 7 'Comparing Quantities', S7.2 Finding Discounts_

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An item marked at 840 is sold for 714. The discount per cent is:

  1. 12%
  2. 18%
  3. 15%
  4. 20%
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Correct answer: C. 15%

1. The discount in rupees is marked price minus sale price. 2. That is 840 - 714 = 126. 3. Discount per cent is always taken on the marked price as the base. 4. So it is 126 / 840 x 100. 5. That gives 15 per cent. Dividing by the sale price instead would wrongly give about 17.6 per cent. _Source: syllabus Maths, Ch 7 'Comparing Quantities', S7.2 Finding Discounts_

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