Profit and Loss
Class 8
TEST - 1
Instructions:
- Each correct answer carries the specified marks.
- No negative marking.
- Show all workings clearly.
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
- C) $320
- D) $380
3. A bookshop bought a book for $120 and sold it for $150. What is the profit percentage?
- A) 20%
- B) 25%
- C) 30%
- D) 40%
4. A shirt is bought for $30 and sold at a profit of 20%. What is the selling price?
- A) $32
- B) $36
- C) $40
- D) $38
5. If an article is sold at a loss of 15% and the selling price is $85, what is the cost price of the article?
- A) $100
- B) $80
- C) $90
- D) $95
6. A pen is sold for $24 after a discount of 20%. What is the marked price of the pen?
- A) $20
- B) $30
- C) $25
- D) $28
7. A watch is sold at a loss of 10%. If the selling price is $270, what is the cost price of the watch?
- A) $300
- B) $280
- C) $250
- D) $290
8. A person sells a radio at a profit of 12%. If the cost price is $400, what is the selling price?
- A) $448
- B) $432
- C) $450
- D) $415
9. A bicycle is sold at a profit of 25%. If the selling price is $500, what is the cost price of the bicycle?
- A) $400
- B) $450
- C) $425
- D) $480
10. A shopkeeper marks his goods at 20% above the cost price and allows a discount of 10%. What is the profit percentage?
- A) 8%
- B) 10%
- C) 12%
- D) 15%
Section B: Short Answer Questions (10 marks)
1. A trader bought a watch for $500 and sold it at a loss of 20%. Find the selling price.
2. A shopkeeper bought a dozen pencils for $36. If he sells each pencil at $4.50, what is his profit percentage?
3. If the cost price of 10 books is $400, find the selling price if each book is sold at a profit of 25%.
4. A shopkeeper sold a television set for $450, making a profit of 12.5%. Find the cost price of the television set.
5. A jacket is sold for $1200 after allowing a discount of 20%. Find the marked price of the jacket.
Section C: Word Problems (20 marks)
1. A man bought an article for $800 and sold it for $920. Find the profit percentage.
2. A person sold a bike for $2400 after allowing a discount of 10%. If the profit percentage is 20%, find the cost price of the bike.
3. A trader bought 40 shirts for $2000. He sold 25 shirts at $60 each and the remaining at $50 each. Find his total profit or loss.
4. A shopkeeper bought a camera for $1500. He sold it for $1200 after allowing a discount. Find the discount percentage.
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