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Profit, Loss and Discount — Practice Quiz

ICSE · Class 8 · Mathematics

Try a 4-question quiz on Profit, Loss and Discount for ICSE Class 8 Mathematics: tap an answer to check it and see why.

69 questions28 flashcards9 formulas & key relations5 concepts

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Quick Quiz: Profit, Loss and Discount

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1

A trader buys an article for ₹800 and spends ₹120 on transportation and packing. He sells it for ₹1,050. Find his profit.

2

An article costs ₹1,500. After adding ₹150 overhead expenses, it is sold at a gain of 10% on total cost price. Find the selling price.

3

A shopkeeper buys a chair for ₹2,400 and spends ₹300 on repairs and transport. He sells it at a loss of 15% on total cost price. Find the selling price.

4

An article has a marked price of ₹2,000. A shop gives two successive discounts of 10% and 20%. Find the selling price.

69 Questions·
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Sample Questions

1multiple choice
3 marks

A television is marked at ₹25,000 and sold after successive discounts of 5% and 10%. Find the selling price.

Show answer

₹21,375

After 5% discount, price = 95% of ₹25,000 = ₹23,750. After 10% discount, price = 90% of ₹23,750 = ₹21,375.

2multiple choice
3 marks

A dealer buys a table for ₹8,000 and spends ₹1,200 on transport and labour. He sells it at a gain of 15% on total cost price. Find the profit.

Show answer

₹1,380

Total cost price = ₹8,000 + ₹1,200 = ₹9,200. Profit = 15% of ₹9,200 = ₹1,380.

3multiple choice
3 marks

An article is bought for ₹600 and sold at a loss of 12%. Find the selling price, then find the cost price of another article sold for ₹528 at a loss of 12%.

Show answer

₹528 and ₹600

For the first article, S.P. = 88% of ₹600 = ₹528. For the second, C.P. = 528 × 100 ÷ 88 = ₹600.

4multiple choice
3 marks

A trader sells a set of goods for ₹1,200 and gains 20%. Had the goods cost ₹100 more, the same selling price would have given a different profit percent. Find the original cost price and the new profit percent after the cost increase.

Show answer

₹1,000 and 9.09%

If ₹1,200 is 120% of C.P., then C.P. = ₹1,200 × 100 ÷ 120 = ₹1,000. New cost price = ₹1,100. Profit = ₹1,200 - ₹1,100 = ₹100. New profit percent = (100 ÷ 1,100) × 100 = 9.09%.

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Frequently Asked Questions

What are the important topics in Profit, Loss and Discount for ICSE Class 8 Mathematics?
Key topics in Profit, Loss and Discount include Profit and Loss Basics, Finding Selling Price and Cost Price, Discount and Marked Price, Tax and GST. Study these first, then practise questions on each for Class 8 exams.
How many practice questions are there for Profit, Loss and Discount?
There are 69 questions on Profit, Loss and Discount. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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