Revision Test - Sainik and RMS- Class VI and IX

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Defence Academy Coimbatore A leading coaching academy for Sainik, Military and RIMC Schools, NDA, IMA, AFCAT SSB, FSB Interview http://www.ssbcoaching.com call 094437 20076


Test Conducted on 23rd Oct 2019 for Sainik and RMS Aspirants at
Defence Academy Coimbatore
Chapter :- Cost Price, Selling Price and Rates of Profit and Loss
1. A shopkeeper sells a DVD player at a price Rs 2,500. If the cost price of the DVD player was Rs 3,500, find the profit/loss in which the shopkeeper is. Also, find the percent for the same.
2. A shopkeeper buys 15 refrigerators at a rate of Rs 13,000 per refrigerator and sells them at a rate of Rs 13,500 per unit. Find the total profit/loss faced by the shopkeeper. Also, find the percent for the same.
3. A shopkeeper buys 20 units of television set from a retailer at a rate of Rs 18,000 per set and sells first 10 sets at Rs 18,500 per set and rest of them at Rs 17,500 per set. Find the overall profit/loss faced by the shopkeeper. Also, find the percent for the same.
4. An owner of Honda City car sells his car at a price of Rs 7,50,000 with a loss percent of 12.5%. Then find the price at which he purchased the car and also find the loss suffered by the owner.
5. A shopkeeper buys 10 television sets from a retailer at a rate of Rs 15,000 per set. He sells half of them at a profit of 25 % and rest half at a loss of 20%. Find the overall profit/loss faced by the shopkeeper.
6. If selling price of a commodity is Rs 16,000 with a profit of 30 %, find the cost price of the commodity and the profit.
7. If selling price of a commodity is Rs 18,000 with a loss of 20 %, find the cost price of the commodity and the loss.
8. If a commodity is bought at cost price of Rs 20,000 and sold at loss of 25 %, find the selling price of the commodity and the loss.



Step: 1. What is given? SP Rs. 2,500 and CP Rs. 3500
Deduction CP is more than SP it means LOSS ie. 3500 -2500 = Rs. 1000
Step 2. To find Loss %
Step 3.  Formula to be used: Loss / CP * 100
Step 4. Working Substitute the values in the formula
1000 / 3500 * 100



















                       




Following formulae should always be remembered while solving the problems related with profit and loss:
i. Profit = Selling Price – Cost price
           = S.P. – C.P.
ii. Profit percent = (S.P.−C. P) / .C.P. *   100 %
                        = Profit/ / C.P.. x 100 %
iii. Loss = Cost Price – Selling Price
            = C.P. – S.P.
iv. Loss percent = (C.P.−S.P)/  .C.P. x 100 %
                       = Loss /   C.P. x 100 %




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Answers:
1. Loss of Rs 1000
Loss percent = 28.57%
2. Profit of Rs 7500
Profit percent = 3.85%
3. No profit, no loss.
4. Loss = Rs 1,07,142.85
Cost price = Rs 8,57,142.85
5. Profit of Rs 3,750.
Profit percent = 2.5%
6. Cost price = Rs 12,307.69
Profit of Rs 3,692.31
7. Cost price =Rs 22,500
Loss = Rs 4,500
8. Selling price = Rs 15,000
Loss = Rs 5,000

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