Profit and Loss Mock Test | Mathematics | RRB Group D

Q1. A shopkeeper marks an item at Rs. 750 and sells it for Rs. 675. What is the discount percentage?

10% 15% 20% 5%

Q2. A shopkeeper sells an article at a profit of 10%. If he had sold it for Rs. 20 more, he would have gained 20%. What is the cost price of the article?

Rs. 150 Rs. 200 Rs. 250 Rs. 300

Q3. The marked price of a fan is Rs. 2000. It is sold with two successive discounts of 20% and 25%. What is the selling price?

Rs. 1000 Rs. 1200 Rs. 1400 Rs. 1500

Q4. A shopkeeper buys 100 kg of sugar at Rs. 10 per kg. He sells 60 kg at Rs. 12 per kg and the remaining 40 kg at Rs. 11 per kg. What is his overall profit percentage?

15% 18% 20% 22%

Q5. The cost price of a toy is ₹200. If it is sold for ₹250, what is the profit in rupees?

₹25 ₹50 ₹75 ₹100

Q6. A shopkeeper buys 20 kg of apples at Rs. 40 per kg. He sells 12 kg at Rs. 50 per kg and the remaining 8 kg at Rs. 35 per kg. What is his overall profit or loss in rupees?

Rs. 80 profit Rs. 40 loss Rs. 60 profit Rs. 20 loss

Q7. The marked price of a shirt is Rs. 500. A shopkeeper sells it at a discount of 10% and still makes a profit of 15%. What is the cost price of the shirt?

Rs. 391.30 Rs. 400 Rs. 425 Rs. 380

Q8. A shopkeeper buys a pen for ₹40 and sells it for ₹36. What is his loss percentage?

10% 12% 8% 5%

Q9. A restaurant owner buys vegetables for ₹500. He sells them for ₹750 after adding his margin. What is his profit?

₹200 ₹225 ₹250 ₹300

Q10. A merchant marks his goods at 30% above the cost price. He sells them at a discount of 10% on the marked price. His profit percentage is:

15% 17% 19% 20%

Q11. In a competitive industry, a sudden increase in the cost of a key raw material affects all firms equally. If the market was in long-run equilibrium before the cost increase, what is the most likely outcome in the short run for the typical firm and the number of firms?

Firms experience economic losses, leading to a decrease in the number of firms. Firms experience increased profits, attracting new entrants. Firms maintain their profits, but output decreases. Firms reduce output to cover the increased costs.

Q12. A dealer buys a table for Rs. 3500 and sells it at a loss of 10%. For how much did he sell it?

Rs. 3000 Rs. 3150 Rs. 3200 Rs. 3300

Q13. If an item is sold for Rs. 600 at a loss of 10%, what is the cost price?

Rs. 660 Rs. 650 Rs. 675 Rs. 700

Q14. If the cost price and selling price are equal, what is the result?

Profit Loss Breakeven Discount

Q15. A vendor bought 10 mangoes for Rs. 20. If he sells them for Rs. 3 each, what is his profit percentage?

30% 40% 50% 60%

Q16. If a fan is sold for ₹800 at a profit of 10%, what is its cost price?

₹700 ₹720 ₹727.27 ₹880

Q17. If the cost price of a shirt is Rs. 400 and it is sold for Rs. 500, what is the profit percentage?

20% 25% 30% 35%

Q18. A person buys two articles for Rs. 600 each. He sells the first article at a profit of 25% and the second article at a loss of 20%. His overall profit or loss percentage is:

2.5% profit 5% profit 2.5% loss 5% loss

Q19. A shopkeeper buys a dozen eggs for ₹48 and sells them for ₹60. What is his profit in rupees?

₹10 ₹12 ₹14 ₹16

Q20. The marked price of a shirt is Rs. 800. The shopkeeper offers a discount of 15%. He sells the shirt at a profit of 20%. What is the cost price of the shirt?

Rs. 544 Rs. 500 Rs. 550 Rs. 520

Mock Test

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