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Practice Test on Profit Loss and Discount
Tick ✔ the correct answer in each of the following:1. Ryan buys a clock for $ 75 and sells it for $ 100. His gain percent is …………… .(a) 25% (b) 33^{1}/_{3}% (c) 20% (d) 37^{1}/_{2}% 2. A bat is bought for $ 120 and sold for $ 105. The loss percent is ……………. . (a) 12^{1}/_{2}% (b) 14^{1}/_{5}% (c) 15% (d) 16^{2}/_{3}% 3. A bookseller sold a book for $ 100 and thereby gains $ 20. Find his gain per cent. (a) 20% (b) 25% (c) 40% (d) none of these 4. By selling a calculator for $ 418a shopkeeper 10%. The cost price of the calculator is …………… . (a) $ 360.000 (b) $ 372.80 (c) $ 376.20 (d) $ 380.00 5. A shopkeeper sells one transistor for $ 840 at a gain of 20% and another for $ 960 at a loss of 4%. His total gain or loss percent is ……………… . (a) 5^{15}/_{17}% loss (b) 5^{15}/_{17}% gain (c) 6^{2}/_{3}% loss (d) 6^{2}/_{3}% gain Practice Test on Profit Loss and Discount 6. The CP of 21 articles is equal to SP of 18 articles. Find the gain or loss percent. (a) 12^{1}/_{2}% gain (b) 12^{1}/_{2}% loss (c) 16^{2}/_{3}% gain (d) 16^{2}/_{3}% loss 7. If by selling 110 mangoes, the CP of 120 mangoes is realized, the gain percent is ……………. . (a) 9^{1}/_{11}% (b) 9^{1}/_{9}% (c) 10^{10}/_{11}% (d) 11^{1}/_{9}% 8. A vendor loses the selling price of 4 oranges on selling 36 oranges. His loss per cent is ………….. . (a) 10% (b) 11^{1}/_{9}% (c) 12^{1}/_{2}% (d) none of these 9. A man bought apples at the rate of 8 for $ 34 and sold them at the rate of 1 2 for $ 57. How many apples should be sold to earn a net profit of $ 45? (a) 90 (b) 100 (c) 135 (d) 150 10. Some articles were bought at 6 for $ 5 arid sold at 5 for $ 6. The gain per cent is ………….. . (a) 25% (b) 33^{1}/_{3}% (c) 35% (d) 44% Practice Test on Profit Loss and Discount 11. By selling a chair for $ 504, a shopkeeper gains 12%. For how much should he sell it to gain 18%? (a) $ 522.10 (b) $ 526.00 (c) $ 531.00 (d) $ 534.20 12. A shopkeeper sold two watches for $ 1485 each. On one he gains 10% and on the other he loses 10%. Find his gain or loss per cent in the whole transaction. (a) neither gain nor loss (b) 1% gain (c) 1% loss (d) 5% gain 13. By selling a dinner set for $ 648, a man loses of his out lay. If it is sold for $ 810, what is the gain or loss percent? (a) 9% gain (b) 11% gain (c) 11^{1}/_{9}% gain (d) 12^{2}/_{9}% gain 14. A tradesman sold an article at a loss of 20%. Had he sold it for $ 100 more, he should have gained 5%. The cost price of the article was …………… . (a) $ 360 (b) $ 400 (c) $ 425 (d) $ 450 15. At what percentage above the cost price must an article be marked so as to gain 33% after allowing a customer a discount of 5%? (a) 35% (b) 38% (c) 40% (d) 42% 16. A manufacturer offers a 20% rebate on the marked price of a product. The retailer offers another 30% rebate on the reduced price. The two reductions are equivalent to a single reduction of …………. . (a) 42% (b) 44% (c) 46% (d) 50% Answers for practice test on profit loss and discount are given below to check the exact answers of the questions from profit, loss and discount. Answers:1. (b) 9. (a) 2. (a) 10. (d) 3. (b) 11. (c) 4. (d) 12. (c) 5. (b) 13. (c) 6. (c) 14. (b) 7. (a) 15. (c) 8. (a) 16. (c) ● Profit, Loss and Discount
● Profit, Loss and Discount  Worksheets
7th Grade Math Problems


