All Courses
Get the App Signup / Login
Sign in Open App
UPSC Exam  >  UPSC Tests  >  CSAT Preparation  >  Test: Profit & Loss- 2 - UPSC MCQ

Test: Profit & Loss- 2 - UPSC MCQ


Test Description

10 Questions MCQ Test CSAT Preparation - Test: Profit & Loss- 2

Test: Profit & Loss- 2 for UPSC 2024 is part of CSAT Preparation preparation. The Test: Profit & Loss- 2 questions and answers have been prepared according to the UPSC exam syllabus.The Test: Profit & Loss- 2 MCQs are made for UPSC 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Profit & Loss- 2 below.
Solutions of Test: Profit & Loss- 2 questions in English are available as part of our CSAT Preparation for UPSC & Test: Profit & Loss- 2 solutions in Hindi for CSAT Preparation course. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free. Attempt Test: Profit & Loss- 2 | 10 questions in 20 minutes | Mock test for UPSC preparation | Free important questions MCQ to study CSAT Preparation for UPSC Exam | Download free PDF with solutions
Test: Profit & Loss- 2 - Question 1
Save

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. What is the cost price of a ball?

Detailed Solution for Test: Profit & Loss- 2 - Question 1

Let the cost price of a ball be Rs. x.

So, the CP of 17 balls is Rs. 17x.

The CP of 5 balls is Rs. 5x.

 

Since Loss = CP - SP

So, 5x = 17x - 720

On solving, we get

12 x = 720

that is, x = 60

So, the cost price of a ball is Rs. 60.

Test: Profit & Loss- 2 - Question 2
Save

When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that item be sold to get a gain of 15%?
 

Detailed Solution for Test: Profit & Loss- 2 - Question 2
- The item is sold for Rs. 18,700 with a loss of 15%.
- This means the selling price is 85% of the cost price (CP).
- To find the cost price, use the formula: CP = Selling Price / (1 - Loss Percentage).
- CP = 18700 / 0.85 = Rs. 22,000 (approx).
- To achieve a gain of 15%, the selling price should be 115% of the cost price.
- Selling Price = CP * 1.15 = 22000 * 1.15 = Rs. 25,300.
- Therefore, the correct answer is Rs. 25,300.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Profit & Loss- 2 - Question 3
Save

100 oranges were brought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. What is the percentage of profit or loss?  

Detailed Solution for Test: Profit & Loss- 2 - Question 3

So before solving this question we will get the C.P. and S.P. of 1 article to get the gain percent.

C.P. of 1 orange = 350/100 = Rs 3.50
S.P. of one orange = 48/12 = Rs 4 [note: divided by 12 as 1 dozen contains 12 items]
Gain = 4 - 3.50 = Rs 0.50

Profit

Test: Profit & Loss- 2 - Question 4
Save

A shopkeeper sells one radio for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. What is his total gain or loss percentage? 
Detailed Solution for Test: Profit & Loss- 2 - Question 4

Case 1) S.P of radio = Rs 840
Profit = 20%
By unitary method C.P = (100/120) ×840= 700Rs
Case 2) S.P of 2nd radio = Rs 960
Loss = 4%
By unitary method C.P = (100/96) × 960 = 1000 Rs
Total C.P = 700 + 1000 = 1700 Rs
Total S.P= 840 + 960 = 1800 Rs
There is a profit of = 1800 - 1700 = Rs100
Therefore profit% = (100/1700) × 100 = 100/17 
= 5.882% Ans
 

Test: Profit & Loss- 2 - Question 5
Save

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. What is his profit percentage?
 
Detailed Solution for Test: Profit & Loss- 2 - Question 5

C.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.

S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.

Gain =(80/1600*100) % = 5%

Test: Profit & Loss- 2 - Question 6
Save

If a material is sold for Rs.34.80, there is a loss of 25%. Find out the cost price of the material?
 
Detailed Solution for Test: Profit & Loss- 2 - Question 6

The correct answer is A as
 cost price = SPX100/100-loss
=34.80×100/75
=46.40

Test: Profit & Loss- 2 - Question 7
Save

A fruit seller sells apples at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%?
 
Detailed Solution for Test: Profit & Loss- 2 - Question 7

Test: Profit & Loss- 2 - Question 8
Save

A trader gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labeled price of an item. The final sale price of the item is Rs.704. Find out the labeled price?
 
Detailed Solution for Test: Profit & Loss- 2 - Question 8

Let the marked price be Rs. 100.
Successive discounts of 20% and 12% were given.
Sale price = 100 × 80/100 × 88/100 = Rs.704/10
If the sale price is Rs.704/10, the marked price is Rs.100
If the sale price is Rs.704, the marked price is
= 100 × 10 × 704/704 =  Rs.1000
 

Test: Profit & Loss- 2 - Question 9
Save

A man sells two houses at the rate of ₹1.95 lac each. He gains 5% on one and on other, he lost 5% find his gain or loss percent in the whole transaction.
Detailed Solution for Test: Profit & Loss- 2 - Question 9

Test: Profit & Loss- 2 - Question 10
Save

John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine?

 
Detailed Solution for Test: Profit & Loss- 2 - Question 10

C.P. = (80000 + 5000 + 1000)
⇒ 86000
As we know that Profit = 25%
S.P. = 125% of 86000
⇒ (125/100 * 86000)
⇒ 107500 Rs.

218 videos|139 docs|151 tests
Join Course
Information about Test: Profit & Loss- 2 Page
In this test you can find the Exam questions for Test: Profit & Loss- 2 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Profit & Loss- 2, EduRev gives you an ample number of Online tests for practice

Top Courses for UPSC

218 videos|139 docs|151 tests
Join Course
Download as PDF

Top Courses for UPSC

Important Questions for Profit & Loss- 2

Find all the important questions for Profit & Loss- 2 at EduRev.Get fully prepared for Profit & Loss- 2 with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Profit & Loss- 2 syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Profit & Loss- 2 resources.

Profit & Loss- 2 MCQs with Answers

Prepare for the Profit & Loss- 2 within the UPSC exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Profit & Loss- 2 CSAT Preparation

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Profit & Loss- 2 with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up
within 7 days!
Takes less than 10 seconds to signup