Profit and Loss Beginner-Intermediate Worksheet: Focus on common variations practice Profit and Loss BEGINNER INTERMEDIATE

Level up your Profit and Loss skills! You're at Worksheet 4 of 10 (33% through this series). This step-up challenge worksheet features 20 beginner-intermediate-level problems with a focus on common variations practice. Topics covered: profit and loss for competitive exams, how to solve profit and loss, profit and loss tricks.

📝 Worksheet 4 of 10 • 20 questions • ⏱️ Estimated time: 20 minutes • 🎯 Beginner Intermediate level

What you'll learn in this worksheet:
Your progress through Profit and Loss
Worksheet 4 of 10 (33% 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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

Question 3

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 4

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

Question 5

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

Question 7

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 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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

Question 9

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

Question 11

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

Question 12

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

Question 13

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

Question 17

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 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 19

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.

Question 20

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%.
Statement (1): CP = 1200/1.2 = Rs. 1000. Statement (2): CP = 900/0.9 = Rs. 1000.
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