Class 5 Exam  >  Class 5 Tests  >  Mathematics for Class 5  >  Test: Profit & Loss - Class 5 MCQ

Test: Profit & Loss - Class 5 MCQ


Test Description

10 Questions MCQ Test Mathematics for Class 5 - Test: Profit & Loss

Test: Profit & Loss for Class 5 2024 is part of Mathematics for Class 5 preparation. The Test: Profit & Loss questions and answers have been prepared according to the Class 5 exam syllabus.The Test: Profit & Loss MCQs are made for Class 5 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Profit & Loss below.
Solutions of Test: Profit & Loss questions in English are available as part of our Mathematics for Class 5 for Class 5 & Test: Profit & Loss solutions in Hindi for Mathematics for Class 5 course. Download more important topics, notes, lectures and mock test series for Class 5 Exam by signing up for free. Attempt Test: Profit & Loss | 10 questions in 15 minutes | Mock test for Class 5 preparation | Free important questions MCQ to study Mathematics for Class 5 for Class 5 Exam | Download free PDF with solutions
Test: Profit & Loss - Question 1

If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ?

Detailed Solution for Test: Profit & Loss - Question 1

Least Cost Price = Rs. (200 * 8) = Rs. 1600.
Greatest Selling Price = Rs. (425 * 8) = Rs. 3400.
Required profit = Rs. (3400 - 1600) = Rs. 1800.

Test: Profit & Loss - Question 2

A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

Detailed Solution for Test: Profit & Loss - Question 2

So we have C.P. = 27.50
S.P. = 28.60
Gain = 28.60 - 27.50 = Rs. 1.10
Gain%=(GainCost*100)%=(1.1027.50*100)%=4%

1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Profit & Loss - Question 3

The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is

Detailed Solution for Test: Profit & Loss - Question 3

Let C.P. of each article be Re. 1 C.P. of x articles = Rs. x.
S.P. of x articles = Rs. 20.
Profit = Rs. (20 - x).
20 - x x 100 = 25
x
2000 - 100x = 25x
125x = 2000
x = 16.

Test: Profit & Loss - Question 4

A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.

Detailed Solution for Test: Profit & Loss - Question 4

We know, C.P. = 5000
S.P. = 4000
Loss = 5000 - 4000 = 1000
Loss%=(LossCost*100)%=(10005000*100)%=20%

Test: Profit & Loss - Question 5

A farmer bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

Detailed Solution for Test: Profit & Loss - Question 5


Test: Profit & Loss - Question 6

A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

Detailed Solution for Test: Profit & Loss - Question 6

Let the new S.P. be x, then.
(100 - loss%):(1st S.P.) = (100 + gain%):(2nd S.P.)
=>(951140=105x)=>x=1260

Test: Profit & Loss - Question 7

Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is

Detailed Solution for Test: Profit & Loss - Question 7

Whenever we get this type of question, we should have formula in mind that,
Gain% = (gain/cost)*100
Cost = 4700 + 800 = Rs. 5500
S.P. = Rs. 5800
Profit = 5800 - 5500 = 300

Test: Profit & Loss - Question 8

If the cost price is 25% of selling price. Then what is the profit percent.

Detailed Solution for Test: Profit & Loss - Question 8

According to the question,

Cost price = 25% of Selling price

Cost price = (25/100) × Selling price

Cost price = (1/4) × Selling price

(Cost price)/(Selling price) = 1/4

Let us assume, the selling price be 4x and cost price be 1x then,

Profit = Selling price - Cost price 

Profit = 4x - 1x = 3x

Profit percentage = (Profit/Cost price) × 100

Profit percentage = (3x/1x) × 100 = 300%

∴ The profit percentage is 300%.

Test: Profit & Loss - Question 9

The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x

Detailed Solution for Test: Profit & Loss - Question 9

Let the Cost Price of one article = Rs. 1
CP of x articles = Rs. x
CP of 20 articles = 20
Selling price of x articles = 20
Profit = 25% [Given]

Test: Profit & Loss - Question 10

Souvik purchased 70kg vegetable at Rs. 420, then sold them at the rate of Rs. 6.50 per kg, find the profit percent.

Detailed Solution for Test: Profit & Loss - Question 10

Please note in this type of questions, get the value of 1 kg to solve this question, lets solve it.
C.P. of 1 Kg = 420/70 = Rs. 6
Selling Price = 6.50
Gain = Rs. 0.50

58 videos|112 docs|40 tests
Information about Test: Profit & Loss Page
In this test you can find the Exam questions for Test: Profit & Loss solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Profit & Loss, EduRev gives you an ample number of Online tests for practice

Top Courses for Class 5

58 videos|112 docs|40 tests
Download as PDF

Top Courses for Class 5