Profit and Loss Practice Test 2 | Free Mock Test with Solutions

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Start improving your skills with Profit and Loss Practice Test 2, a simple and helpful profit and loss mock test for better understanding. This practice test on profit and loss includes profit and loss aptitude test online sets, profit and loss practice questions SSC, and profit and loss practice questions in English.

Profit and Loss Practice Test 1

Instructions

Please read the following instructions carefully before attempting the quiz:

📖 Read the Question carefully before answering the question.
⏳ Try to manage your time effectively.
✅ Each question has only one correct answer.
❌ There is no negative marking (if applicable — adjust if you have).
🔁 Do not refresh the page while attempting the test.
📊 Your score will be displayed immediately after submission.
📚 After completing this test, attempt the remaining practice sets for better improvement.

1 / 10

Q. Amit and Deepak started a business with initial investments in the ratio of 3:1 respectively. At the end of 8 months from start of the business, Amit left. If Deepak received Rs 8000 as his share of the annual profit, then find what was annual profit?

Rs.28000

Rs.32000

Rs.20000

Rs.16000

Rs.24000

2 / 10

Q. Gaurav sold an article at a loss of 10%. If the selling price had been Rs. 125 more, there would have been a gain of 15%. The cost price of the article (in Rs.) was:

300

500

None

250

400

3 / 10

Q. A shopkeeper sells two watches for 5000. The cost price of 1st watch is equal to the selling price of 2nd watch. If the first watch is sold at a loss of 33.33% and the second watch is sold at the gain of 60%. Find the overall profit or loss.

Rs 185

Rs 150

Rs 200

None

Rs 125

4 / 10

Q. Mohit and Rohit enter into a partnership with Rs. 100000 and Rs. 120000 respectively. Puneet joins them after ‘m’ months contributing Rs. 140,000 and Rohit leaves ‘m’ months before the end of the year. If they share the profit in the ratio of 20:18:21, then find the value of m:

9 months

None

5 months

3 months

6 months

5 / 10

Q. Abhimanye sold a refrigerator for Rs 3675 after giving 25% discount on its marked price. Had he not given any discount, he would have earned a profit of 40%. What was the cost price of the article?

Rs 3500

Rs 3587

None

Rs 3890

Rs 3800

6 / 10

Q. A person marks his goods x% above the cost price and allows a discount of 30% on the marked price. If his profit is 5%, then the value of x will be:

None

7 / 10

Q. A shopkeeper earns a profit of 25% after selling a book at 25% discount on the printed price. The ratio of the cost price and selling price of the book is:

15 : 78

12 : 15

17 : 20

16 : 25

None

8 / 10

Q. P, Q and R started a business with their investment in the ratio of 3:5:1 respectively. After 5 months P invested the same amount as before but Q withdrew 2/5th of their investment. The total profit at the end of one year is Rs. 3,450, then find profit earned by R.

Rs.130

Rs.420

Rs.360

Rs.540

Rs.315

9 / 10

Q. A fruit vendor makes a profit of 18% by selling raspberries at a certain price. If he charges ₹1 more for each raspberry, he can make a profit of 38%. Find the selling price at 38% profit.

₹5.0

₹5.9

None

₹6.9

₹6.0

10 / 10

Q. Prashant bought a bike for Rs.80,000. He sold it to Shivam at 20% profit. Shivam spent Rs.4,000 on its maintenance and then Shivam sold it to Adarsh at 18% loss. Find out the price at which Adarsh purchased the bike.

Rs.82,000

Rs.96,000

Rs.85,000

Rs.92,000

Rs.88,000

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