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No. of Questions 
10 
Time 
10 min 
Medium 
english 
Marks 
10 
Positive Marks 
+1 
Negative Marks 
0 
INSTRUCTION : All question carry 1 mark and there is only single option correct for every questionnMark review to see the question later 
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Question 1 of 10
1. Question
1 pointsA table is bought for Rs.600/ and sold at Rs.700/ find gain or loss percentage
Correct
Answer: Option C
Explanation:
Formula = (Selling price ~ Cost price)/Cost price * 100
= (700 – 600)/400 = 25% gainIncorrect
Answer: Option C
Explanation:
Formula = (Selling price ~ Cost price)/Cost price * 100
= (700 – 600)/400 = 25% gain 
Question 2 of 10
2. Question
1 pointsA chair is bought for Rs. 800/ and sold at a loss of 10% find its selling price
Correct
Answer: Option A
Explanation:
100 % ——> 800 (100 * 8 = 800)
90 % ——> 720 (90 * 8 = 720)
Selling price = Rs. 720/Incorrect
Answer: Option A
Explanation:
100 % ——> 800 (100 * 8 = 800)
90 % ——> 720 (90 * 8 = 720)
Selling price = Rs. 720/ 
Question 3 of 10
3. Question
1 pointsBy selling a watch for Rs. 980/, a man loses 30% what is that watch cost price
Correct
Explanation:
70 % ——> 980 (70 * 14 = 980)
100 % ——>1400 (100 * 14 = 1400)
Cost price = Rs. 1400/Incorrect
Explanation:
70 % ——> 980 (70 * 14 = 980)
100 % ——>1400 (100 * 14 = 1400)
Cost price = Rs. 1400/ 
Question 4 of 10
4. Question
1 pointsBy selling a watch for Rs. 720/ a man loses 20% at what price should he sell it to gain 10%?
Correct
Explanation:
80 % ——> 720 (80 * 9 = 720)
110 % ——> 880 (110 * 9 = 990)
= Rs.990/Incorrect
Explanation:
80 % ——> 720 (80 * 9 = 720)
110 % ——> 880 (110 * 9 = 990)
= Rs.990/ 
Question 5 of 10
5. Question
1 pointsA man sells an article at 20% gain. Had be sold at for Rs. 80/ more he could have gained 30% what is cost price of article
Correct
Explanation:
First selling price = 120 % —–> X Rupees
sold at for Rs. 80/ = 130 % —–> X + 80 Rupees
~
———————————————
10 % ——–> 80
100 % ——>Rs. 800/
OR
Short cut method :
—————————
Profit,Profit = –
Ptofit,Loss = +
Loss,Loss = –
Loss,Profit = +
—————————
OPPOSITE ==> +
SAME ===> –
—————————
Profit ==> 20 %
profit ==> 30%
~
—————
10 % ———> 80
100 % ——–> Rs. 800/Incorrect
Explanation:
First selling price = 120 % —–> X Rupees
sold at for Rs. 80/ = 130 % —–> X + 80 Rupees
~
———————————————
10 % ——–> 80
100 % ——>Rs. 800/
OR
Short cut method :
—————————
Profit,Profit = –
Ptofit,Loss = +
Loss,Loss = –
Loss,Profit = +
—————————
OPPOSITE ==> +
SAME ===> –
—————————
Profit ==> 20 %
profit ==> 30%
~
—————
10 % ———> 80
100 % ——–> Rs. 800/ 
Question 6 of 10
6. Question
1 pointsThe cost price of 16 articles is the same as the selling price of 12 articles. Find the loss/profit percentages.
Correct
The gain is 4 out of 12 articles.
Therefore, gain percentage = 4×100/12 = 100/3 = 33 1/3%Incorrect
The gain is 4 out of 12 articles.
Therefore, gain percentage = 4×100/12 = 100/3 = 33 1/3% 
Question 7 of 10
7. Question
1 pointsProfit earned by an organization is distributed among officers and clerks in the ratio of 5:3 respectively. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs.25,000/, what was the total amount of profit earned in lakhs?
Correct
Explanation:
The total amount distributed among 45 officers = Rs.45×25000 = Rs.1125000.
Let the amount distributed to 80 clerks be ‘x’.
Then 1125000/x = 5/3, therefore, x = Rs.675000.
Therfore, the Total profit = Rs.1125000 + 675000 = Rs.18 lakhsIncorrect
Explanation:
The total amount distributed among 45 officers = Rs.45×25000 = Rs.1125000.
Let the amount distributed to 80 clerks be ‘x’.
Then 1125000/x = 5/3, therefore, x = Rs.675000.
Therfore, the Total profit = Rs.1125000 + 675000 = Rs.18 lakhs 
Question 8 of 10
8. Question
1 pointsAn order was placed for supply of carpeat of breadth 3 metres the length of carpet was 1.44 times of breadth. Subsequently the breadth and length were increased by 25 and 40 percent respectively. At the rate of Rs.45 per square metre, what would be the increase in the cost of the carpet?
Correct
Explanation:
Initial area of the carpet = 3 x 3 x 1.44 = 12.96 sq.metres.
Increased area = 3 + 3 x 25/100 x 3 x 1.44/100 + 3 x 1.44 x 40/100
= 375 x 604.8/ 100 x 100 = 22.68 sq.metre
:. Increase in area = 22.68 – 12.96 = 9.72 sq.metre.
Cost of 9.72 sq.metre = 9.72 x 45 = Rs.437.40Incorrect
Explanation:
Initial area of the carpet = 3 x 3 x 1.44 = 12.96 sq.metres.
Increased area = 3 + 3 x 25/100 x 3 x 1.44/100 + 3 x 1.44 x 40/100
= 375 x 604.8/ 100 x 100 = 22.68 sq.metre
:. Increase in area = 22.68 – 12.96 = 9.72 sq.metre.
Cost of 9.72 sq.metre = 9.72 x 45 = Rs.437.40 
Question 9 of 10
9. Question
1 points¼ of a commodity is sold at 18% profit, 1/5 is sold at a profit of 15% and the rest at 35%. If a total profit of
Rs.321 is earned, then what is the value of the commodity?Correct
Explanation:
i.e. x/4 X 18/100 + x/5 X 15/100 + [x (x/4 + x/5) X 35/100] = Rs.321.
18x/400 + 3x/100 + 77x/400 = Rs.321.
= 18x + 12x + 77x/400 = Rs.321.
107x = 400 x 321
x = 400 x 321/107 = Rs.1200.Incorrect
Explanation:
i.e. x/4 X 18/100 + x/5 X 15/100 + [x (x/4 + x/5) X 35/100] = Rs.321.
18x/400 + 3x/100 + 77x/400 = Rs.321.
= 18x + 12x + 77x/400 = Rs.321.
107x = 400 x 321
x = 400 x 321/107 = Rs.1200. 
Question 10 of 10
10. Question
1 pointsThe profit earned by selling an item for Rs.820 is equal to the loss incurred when the same item is sold for Rs.660. What should be the sale price of the item make 30% profit?
Correct
Explanation:
Let ‘x’ be the CP
Given 820 – x = x – 660
:.2x = 1480, x = Rs.740
Profit 30% = 740 x 30/100 = Rs.222.
Such an SP = 740 + 222 = Rs.962Incorrect
Explanation:
Let ‘x’ be the CP
Given 820 – x = x – 660
:.2x = 1480, x = Rs.740
Profit 30% = 740 x 30/100 = Rs.222.
Such an SP = 740 + 222 = Rs.962