Explore Exams
Login Signup
Sign in Open App
UPSC Exam  >  UPSC Test  >  CSAT Preparation  >  Test: Profit & Loss- 3 - UPSC MCQ

Profit & Loss- 3 - UPSC Free MCQ Test with solutions


MCQ Practice Test & Solutions: Test: Profit & Loss- 3 (15 Questions)

You can prepare effectively for UPSC CSAT Preparation with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Profit & Loss- 3". These 15 questions have been designed by the experts with the latest curriculum of UPSC 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 30 minutes
  • - Number of Questions: 15

Sign up on EduRev for free to attempt this test and track your preparation progress.

Test: Profit & Loss- 3 - Question 1
Save

An article is bought for Rs 600 and sold for Rs 750. What is the profit percentage?

Detailed Solution: Question 1

Test: Profit & Loss- 3 - Question 2
Save

The profit obtained by selling a book for Rs 56 is the same as the loss obtained by selling this book for Rs 42. What is the cost price of the book?

Detailed Solution: Question 2

Let us assume that the cost price = Rs X

56 - x = x - 42

2x = 98

Hence, x = 49

Clear all your doubts with EduRev
Test: Profit & Loss- 3 - Question 3
Save

By selling a CD for Rs 150, a shop owner lost 1/16 of what it costs. What is the cost price of CD?

Detailed Solution: Question 3

Step 1: Let the cost price be C.

Step 2: Loss = (1/16) of cost price = C × (1/16)

Step 3: Selling price = Cost price − Loss
150 = C − (C × 1/16)
150 = C × (1 − 1/16)
150 = C × (15/16)

Step 4: Solve for C
C = 150 × (16/15) = 160

Answer: d) Rs 160

Test: Profit & Loss- 3 - Question 4
Save

A man sold an article at a profit of 10%. If he had charged Rs 45 more his profit percentage would have been 25%. What is the cost price?

Detailed Solution: Question 4

Test: Profit & Loss- 3 - Question 5
Save

A man buys 200 oranges for Rs 10. How many oranges a rupee can he sell so that his profit percentage is 25%?

Detailed Solution: Question 5

So, he should sell 16 oranges in a rupee to make a profit of 25%.

Test: Profit & Loss- 3 - Question 6
Save

By selling an article for Rs 360, the loss incurred is 10%. At what minimum price should he sell that article to avoid loss?

Detailed Solution: Question 6

  1. Given:

    • Selling Price (S.P.) = Rs 360
    • Loss Percentage = 10%

  2. To find the Cost Price (C.P.): The loss incurred is 10%, meaning the selling price is 90% of the cost price.

    S.P.=0.90×C.P     
    360=0.90×C.P

  3. Solving for C.P.:

    C.P.=360/0.90=400

  4. To avoid a loss, the article must be sold at its cost price, which is Rs 400.

Answer: d) Rs 400.

Test: Profit & Loss- 3 - Question 7
Save

The owner of Book Point does not get either profit or loss by selling 15 books for Rs 225. How many books should he sell for the same amount to gain 25% profit?

Detailed Solution: Question 7

CP of 1 book = Rs 15 SP of 1 book in order to gain 25% profit = Rs 18.75

Test: Profit & Loss- 3 - Question 8
Save

CP of 12 apples is equal to the SP of 9 apples and the discount on 10 apples is equal to the profit on 5 apples. What is the percentage difference between the CP and SP of apples?

Detailed Solution: Question 8

Test: Profit & Loss- 3 - Question 9
Save

A shopkeeper professes to sell his articles at CP but gives only N grams in the place of 1000 gm. If his profit percentage is 100%, what is the value of N?

Detailed Solution: Question 9

B
(error÷1000-error)×100=1
0
(X/1000-x)×100= 100
100x = 100×(1000-x)

100x = 100000-100x

200x = 100000

X = 100000/200

X = 500

so error is 500 then N= 1000-500=500

Test: Profit & Loss- 3 - Question 10
Save

A car is sold for Rs 2,400 at a profit of 20%. What is the CP?

Detailed Solution: Question 10

We are given:

  • Selling Price (SP) = ₹2,400

  • Profit = 20%

Step 1: Formula
SP = CP × (1 + Profit%)

So,
2400 = CP × (1 + 20/100)
2400 = CP × 1.2

Step 2: Solve
CP = 2400 ÷ 1.2 = 2000

Test: Profit & Loss- 3 - Question 11
Save

A car is sold for ₹2,400 at a profit of 20% on the selling price; what is the profit % on cost price?

Detailed Solution: Question 11

Test: Profit & Loss- 3 - Question 12
Save

Sharat sells some articles to Chandra at a profit of 20%. Chandra now sells this article to Mayank at a loss of 30% and Mayank sells this article at a profit of 20%. If CP of Chandra is Rs 150, then what is the SP of Mayank?

Detailed Solution: Question 12


Test: Profit & Loss- 3 - Question 13
Save

A shopkeeper wants to earn a profit of 20% and at the same time, the minimum discount which he wants to offer is 25%. What should be the minimum percentage mark-up over CP?

Detailed Solution: Question 13

Let CP = Rs 100

SP = Rs 120

MP = x

Test: Profit & Loss- 3 - Question 14
Save

An article when sold at 10% discount on the marked price gave a profit of Rs 70. What is the CP?

Detailed Solution: Question 14

Without knowing the profit percentage, we cannot determine the CR

Test: Profit & Loss- 3 - Question 15
Save

A milkman buys two cows for Rs 750. He sells first cow at a profit of 22% and the second cow at a loss of 8%. What is the SP of second cow if in the whole transaction there is no profit no loss?

Detailed Solution: Question 15

205 videos|300 docs|137 tests
Join Course
Information about Test: Profit & Loss- 3 Page
In this test you can find the Exam questions for Test: Profit & Loss- 3 solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Profit & Loss- 3, EduRev gives you an ample number of Online tests for practice
205 videos|300 docs|137 tests
Join Course
Download as PDF

About this UPSC Practice Test

This test contains 15 MCQs on Profit & Loss- 3 with detailed solutions for each question. It is part of the CSAT Preparation course on EduRev, designed to align with the current UPSC syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

Explore more UPSC Study Resources

If you found this Profit & Loss- 3 MCQ Test helpful, you can further enhance your UPSC preparation with in-depth courses on EduRev, for all the subjects and topics available in CSAT Preparation course. The course offers:
  • Video Lectures: covering all the topics of CSAT Preparation
  • Notes for Revision: offering revision notes, important questions, summaries, flashcards, cheatsheets & more for UPSC preparation
  • MCQ Test: variety of questions as per the pattern of UPSC exam
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup