Profit/Loss & Discount

JKSSB Class-IV & MTS · Mathematics · 37 practice questions with answers and explanations: 13 Easy, 12 Medium, 12 Hard.

Sample questions

Sample Easy question 1

A shirt marked at Rs. 500 is sold after a 10% discount. Find the selling price.

  1. 430
  2. 440
  3. 450
  4. 460
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Answer: C. Discount = 50, selling price = 500 - 50 = 450.

Sample Medium question 2

By selling an item for Rs. 750, a man loses 10%. Find the cost price.

  1. 800
  2. 820
  3. 833.33
  4. 850
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Answer: C. CP = SP / (1 - loss%) = 750 / 0.9 = 833.33.

Sample Hard question 3

A retailer buys a radio for Rs. 225 and sells it at a loss equal to what he would have gained by selling it for Rs. 320. Find the cost price he actually paid relative to a selling price giving no profit no loss.

  1. 272.50
  2. 275
  3. 277.50
  4. 280
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Answer: A. If loss at Rs. 225 equals gain at Rs. 320, the no-profit-no-loss price is the average: (225+320)/2 = 272.50.

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