Basic Computer Knowledge Test Questions and Answers

Profit and Loss

  • FORMULAS:
    1. SP > CP --> Profit 
    2. SP < CP ---> Loss 
    3. MRP - P ---> SP 
    4. Profit and Loss is always depended on Cost price only

1.

A table is bought for Rs.400/- and sold at Rs.500/- find gain or loss percentage 

   A.) 25% Loss
   B.) 30% Gian
   C.) 25% Gian
   D.) 30% Loss

Answer: Option 'C'

Formula = (Selling price ~ Cost price)/Cost price × 100 
            = (500 - 400)/400 = 25% gain

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