profit and loss MCQs – Page 2

Practise focused profit and loss questions with marked answers for exam preparation and subject revision.

profit and loss Mcqs
51. Rayyan purchased a refrigerator and a mobile phone for Rs. 15000 and Rs. 8000 respectively. He sold the refrigerator at a loss of 4 percent and the mobile phone at a profit of 10 percent. Overall he make a________?
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A. loss of Rs. 100

B. profit of Rs. 200

C. profit of Rs. 100

D. None of these

E. loss of Rs. 200

52. By selling 99 pens, a trader gains the cost of 33 pens. Find his gain percentage?
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A. 50%

B. None of these

C. 33 1/3%

D. 25%

E. 66.67%

53. A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs. 40. Then how many shirts each costing Rs.32 he should purchase?
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A. 7

B. 6

C. 10

D. 5
54. By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should be sell to get a gain of 20%?
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A. 8

B. 5

C. 10

D. 15

55. By selling Toffees at 20 for a rupee, a man loses 40 %. To gain 20 %, for one rupee he must sell?
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A. 25 toffees

B. 20 toffees

C. 24 toffees

D. 16 toffees
56. A person bought an article and sold it at a loss of 10 % if he had bought it for 20 % less and sold it for Rs. 55 more he would have had a profit of 40 %. The C.P of the article is:
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A. Rs. 225

B. None of these

C. Rs. 250

D. Rs. 200

57. A man purchases an electric heater whose printed price is 160 if he received two successive discounts of 20% and 10% he paid:
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A. Rs. 115.20

B. Rs. 129.60

C. Rs. 119.60

D. Rs. 112

58. Ramees sold two bicycles, each for Rs.990. If he made 10% profit on the first and 10% loss on the second, what is the total cost of both bicycles?
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A. Rs.1891

B. Rs.1980

C. Rs.2000

D. Rs.1750

59. A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesaler sells the same to retailer at a profit of 20%. The retailer in turn sells them to a customer for Rs. 30.09, there by earning a profit of 25%. The cost price for the manufacturer is:________?
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A. Rs. 16

B. Rs. 18

C. Rs. 17

D. Rs. 15

60. The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8339 for a computer table, then what was the cost price of the computer table?
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A. Rs. 6275

B. Rs. 5725

C. Rs. 5275

D. None of these

E. Rs. 6725
61. The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit?
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A. Rs. 920

B. Rs. 1060

C. Rs. 1200

D. Rs. 960
62. A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?
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A. None of these

B. Rs. 138

C. Rs. 150

D. Rs. 132

E. Rs. 144
63. A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram?
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A. 833 1/2 grams

B. 833 1/3 grams

C. 855 1/2 grams

D. 875 2/7 grams

64. By selling 50 meters of cloth. I gain the selling price of 15 meters. Find the gain percent?
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A. 30%

B. 42 6/7%

C. 40%

D. 35%

65. Jameel bought paper sheets for Rs. 7200 and spent Rs. 200 on transport. Paying Rs 600 he had 330 boxes made. Which he said at Rs. 28 each. What is his profit Percentage?
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A. 40

B. None of these

C. 15.5

D. 60

66. A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is:________?
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A. 11 1/9

B. 11

C. 9

D. 10

67. By selling 12 pencils for a rupee a man loses 20%. How many for a rupee should he sell in order to gain 20%?
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A. 12

B. 8

C. 16

D. 9

68. A person purchases 90 clocks and sells 40 clocks at a gain of 10% and 50 clocks at a gain of 20%. If he sold all of them at a uniform profit of 15%, then he would have got Rs. 40 less. The cost price of each clock is:_________?
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A. Rs.80

B. Rs.60

C. Rs.50

D. Rs.90

69. A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs. 6.50 per kg. What will be his gain percent?
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A. 6.17%

B. 8 1/3 %

C. 4.17%

D. 20%

70. A reduction of 25% in the price of oil enables a house wife to obtain 5kgs more for Rs.800, what is the reduced price for kg?
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A. Rs.25

B. Rs.40

C. Rs.20

D. Rs.30

71. Rahat purchased a refrigerator for Rs. 12500 after getting a discount of 20% on the labelled price. He spent Rs. 125 on transport and Rs. 250 on installation. At what price should it be sold so that the profit earned would be 10% if no discount was offered?
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A. Rs. 17000

B. Rs. 17600

C. Rs. 15525

D. Rs. 16500

E. None of these

72. A Shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed. The ratio of the cost price and the printed price of the book is:
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A. 45:56

B. 99:125

C. 50:61

D. None of these

73. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
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A. Rs. 2000

B. Rs. 2400

C. Rs. 2200

D. None of these

74. Ramees professes to sell his goods at the cost price but he made use of 900 grms instead of a kg, what is the gain percent?
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A. 11 1/9%

B. 11.22%

C. 11%

D. 10%

75. A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:________?
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A. 140

B. 120

C. 100

D. 40

76. A man purchases 8 pens for Rs.9 and sells 9 pens for Rs.8, how much profit or loss does he make?
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A. 20.98% profit

B. 20.89% profit

C. 20.98% loss

D. 20.89% loss

77. A trader sells 85 meters of cloth for Rs. 8925 at the profit of Rs. 15 per metre of cloth. What is the cost price of one metre of cloth?
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A. Rs. 90

B. Rs. 95

C. Rs. 80

D. Rs. 85

E. None of these

78. A man sold two houses for Rs. 7.8 lakhs each. On the one, he gained 5% and on the other, he lost 5%. What percent is the effect of the sale on the whole?
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A. 25% gain

B. 0.25 % gain

C. 25% loss

D. 0.25 % loss
79. If goods be purchased for Rs.840 and one-fourth be sold at a loss of 20% at what gain percent should the remainder be sold so as to gain 20% on the whole transaction?
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A. 33 1/3%

B. 35%

C. 33%

D. 30%

80. A dishonest dealer professes to sell goods at the cost price but uses a false weight and gains 25%. Find his false weight age?
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A. 750 gms

B. 850 gms

C. 800 gms

D. 700 gms

81. Aleem buys 4 horses and 9 cows for Rs. 13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of Rs. 1880. The cost of a horse is:_________?
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A. Rs. 1000

B. Rs. 3000

C. Rs. 2000

D. Rs. 2500

82. A man buys milk at a certain rate per liter and after adding water to it sells the mixture at the same rate. Find in what ration he much mix water to milk so as to gain 20% on his outlay?
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A. 1:20

B. 1:06

C. 1:5

D. 2:05

83. If an article is sold at 19% profit instead of 12% profit, then the profit would be Rs. 105 more. What is the cost price?
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A. Rs. 1490

B. Rs. 1510

C. Rs. 1500

D. None of these

E. Rs. 1505

84. The C.P of an article is 40% of the S.P. The percent that the S.P is of C.P is:________?
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A. 40

B. 240

C. 250

D. 60

85. If I purchased 11 books for Rs. 10 and sold all at the rate of 10 books for Rs. 11, the profit percent
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A. 100%

B. 10%

C. 11%

D. 21%
86. Haroon purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of 14.25 per kg. He mixed the two and sold the mixture. Approximately what price per kg should be sell the mixture to make 30% profit?
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A. Rs. 14.80

B. Rs. 18.20

C. Rs. 15.40

D. Rs. 16.30

E. Rs. 15.60

87. A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes?
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A. 3%

B. neither profit nor loss

C. 4%

D. 5%

88. If two mixers and one T.V cost Rs. 7000. While two T.V s and one mixer cost Rs. 9800. The value of one T.V is:_________?
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A. Rs. 2800

B. Rs. 2100

C. Rs. 4200

D. Rs. 8400

89. A retailer buys a sewing machine at a discount of 15% and sells it for Rs. 1955. Thus, he makes a profit of 15%. The discount is:
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A. None of these

B. Rs. 270

C. Rs. 300

D. Rs. 290

90. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
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A. 5%

B. 10%

C. 8%

D. No profit, no loss

91. A man sells a car to his friend at 10 % loss. If the friend sells it for Rs. 54000 and gains 20 %. The original C.P of the car was:_________?
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A. Rs. 37500

B. Rs. 50000

C. Rs. 60000

D. Rs. 25000

92. A reduction of 40% in the price of bananas would enable a man to obtain 64 more for Rs.40, what is reduced price per dozen?
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A. Rs.4

B. Rs.3

C. Rs.2

D. Rs.5

93. A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered?
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A. 28.5

B. 30

C. None of these

D. 24.5

E. Data inadequate

94. By selling 12 oranges for one rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?
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A. 10

B. 15

C. 5

D. 8
95. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
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A. 70%

B. 30%

C. 250%

D. 100%

96. A man purchased a watch for Rs. 400 and sold it at a gain of 20% of the selling price. The selling price of the watch is:__________?
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A. Rs. 320

B. Rs. 500

C. Rs. 300

D. Rs. 440

97. By selling an umbrella for Rs. 300, a shop keeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:________?
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A. 9

B. 7.5

C. 7

D. 8
98. On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of:________?
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A. 20%

B. 16 2/3%

C. 16.17%

D. 15%

99. A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 8%. The rate of discount is:
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A. 12%

B. 4%

C. 10%

D. 6%

100. A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?
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A. Rs.250

B. Rs.275

C. Rs.225

D. Rs.200