Master Profit and Loss - Beginner Level Problems
Profit and LossBEGINNER
Excel in competitive exams with this skill builder ⚡ worksheet on Profit and Loss. Worksheet 3 of 10 contains 20 beginner-level problems. Target your step-by-step problem solving skills while practicing profit and loss practice, profit and loss for competitive exams, and how to solve profit and loss.
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Worksheet 3 of 10 (22% complete)
Question 1
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 3
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 6
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 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 15
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 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%.