Profit and Loss - Absolute-Beginner Level: core concept mastery
Profit and LossABSOLUTE BEGINNER
This skill primer 🌟 worksheet focuses on Profit and Loss - a key topic in Data Sufficiency. You'll solve 20 absolute-beginner-level problems (Worksheet 1 of 10). The primary focus is on core concept mastery. Master profit and loss problems, profit and loss reasoning questions, and profit and loss practice through systematic practice.
Master profit and loss problems through focused practice
Understand the logic behind profit and loss reasoning questions
Learn step-by-step approaches to core concept mastery
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Your progress through Profit and Loss
Worksheet 1 of 10 (0% complete)
Question 1
Question: What is the marked price of the article?
Statement (1): After a 10% discount, selling price is Rs. 900.
Statement (2): Profit earned is 20% on cost price of Rs. 750.
Statement (1): MP = 900/0.9 = Rs. 1000. Statement (2): SP = 750 × 1.2 = Rs. 900, but discount not given, so MP cannot be determined.
Question 2
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the marked price of the article?
Statement (1): After a 10% discount, selling price is Rs. 900.
Statement (2): Profit earned is 20% on cost price of Rs. 750.
Statement (1): MP = 900/0.9 = Rs. 1000. Statement (2): SP = 750 × 1.2 = Rs. 900, but discount not given, so MP cannot be determined.
Question 5
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the marked price of the article?
Statement (1): After a 10% discount, selling price is Rs. 900.
Statement (2): Profit earned is 20% on cost price of Rs. 750.
Statement (1): MP = 900/0.9 = Rs. 1000. Statement (2): SP = 750 × 1.2 = Rs. 900, but discount not given, so MP cannot be determined.
Question 8
Question: What is the marked price of the article?
Statement (1): After a 10% discount, selling price is Rs. 900.
Statement (2): Profit earned is 20% on cost price of Rs. 750.
Statement (1): MP = 900/0.9 = Rs. 1000. Statement (2): SP = 750 × 1.2 = Rs. 900, but discount not given, so MP cannot be determined.
Question 9
Question: What is the marked price of the article?
Statement (1): After a 10% discount, selling price is Rs. 900.
Statement (2): Profit earned is 20% on cost price of Rs. 750.
Statement (1): MP = 900/0.9 = Rs. 1000. Statement (2): SP = 750 × 1.2 = Rs. 900, but discount not given, so MP cannot be determined.
Question 10
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the marked price of the article?
Statement (1): After a 10% discount, selling price is Rs. 900.
Statement (2): Profit earned is 20% on cost price of Rs. 750.
Statement (1): MP = 900/0.9 = Rs. 1000. Statement (2): SP = 750 × 1.2 = Rs. 900, but discount not given, so MP cannot be determined.
Question 14
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the marked price of the article?
Statement (1): After a 10% discount, selling price is Rs. 900.
Statement (2): Profit earned is 20% on cost price of Rs. 750.
Statement (1): MP = 900/0.9 = Rs. 1000. Statement (2): SP = 750 × 1.2 = Rs. 900, but discount not given, so MP cannot be determined.
Question 16
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the marked price of the article?
Statement (1): After a 10% discount, selling price is Rs. 900.
Statement (2): Profit earned is 20% on cost price of Rs. 750.
Statement (1): MP = 900/0.9 = Rs. 1000. Statement (2): SP = 750 × 1.2 = Rs. 900, but discount not given, so MP cannot be determined.
Question 18
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the cost price of the article?
Statement (1): Selling price is Rs. 1200 with a profit of 20%.
Statement (2): If sold at Rs. 900, the loss would be 10%.
Question: What is the marked price of the article?
Statement (1): After a 10% discount, selling price is Rs. 900.
Statement (2): Profit earned is 20% on cost price of Rs. 750.
Statement (1): MP = 900/0.9 = Rs. 1000. Statement (2): SP = 750 × 1.2 = Rs. 900, but discount not given, so MP cannot be determined.
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