Test Traverse

  Profit and Loss Class 8 TEST - 1 Instructions: Each correct answer carries the specified marks. No negative marking. Show all workings clearly. Total Marks:  40                                                                                                               Max. Time:  2 hours  Section A: Multiple Choice Questions (10 marks) 1. A shopkeeper sells an article at a profit of 25%. If the selling price is $250, what is the cost price of the article?    - A) $200    - B) $210    - C) $240    - D) $200 2. If the cost price of an item is $400 and it is sold at a loss of 20%, what is the selling price?    - A) $320    - B) $350...