Profit and Loss - Data Intensity 3 Multiple Questions and Answers.




1.A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes?
A. neither profit nor loss
B. 3%
C. 5%
D. 4%

2.A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?
A. neither profit nor loss
B. 1%
C. 2%
D. 3%

3.By selling an article at Rs.800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?
A. Rs.600
B. Rs.480
C. Rs.500
D. Rs.450

4.By selling an article at Rs.600, a profit of 25% is made. Find its cost price?
A. Rs.350
B. Rs.400
C. Rs.573
D. Rs.480

5.A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 20%?
A. Rs.600
B. Rs.500
C. Rs.250
D. Rs.700

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