profit and loss MCQs – Page 3

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

profit and loss Mcqs
101. A trader marked the price of a car 20% above the cost price and allowed the purchaser 5% discount on the marked price there by gained Rs.8400. Find the cost price of the car?
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A. Rs.78400

B. Rs.68400

C. Rs.60000

D. Rs.75000

102. The ratio of the prices of three different types of cars is 4:5:7. If the difference between the costliest and the cheapest cars is Rs. 60000 the price of the car of modest price is:
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A. Rs. 80000

B. Rs. 100000

C. Rs. 140000

D. Rs. 120000

103. A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?
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A. 3%

B. 2%

C. 1%

D. neither profit nor loss
104. A dealer purchases 15 articles for Rs. 25 and sells 12 articles for Rs. 30. Find the profit percentage?
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A. 25%

B. 50%

C. None of these

D. 5%

E. 20%

105. There would be 10% loss if a toy is said at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%?
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A. Rs. 12.96

B. Rs. 14.40

C. Rs. 12

D. None of these

106. The difference between a discount of 40% on Rs. 500 and two successive discount of 36% and 4% on the same amount is:________?
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A. Rs. 7.20

B. Rs. 2

C. 0

D. Rs. 1.93

107. By selling an article at Rs.800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?
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A. Rs.500

B. Rs.600

C. Rs.450

D. Rs.480
108. Samad purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
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A. 4.5

B. 5.6

C. 3.5

D. 6.5

109. The value of a machine depreciates at 20% per annum. If its present value is Rs. 1,50,000, at what price should it be sold after two years such that a profit of Rs. 24,000 is made?
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A. Rs. 1,20,000

B. None of these

C. Rs. 1,10,000

D. Rs. 1,21,000

E. Rs. 1,24,000

110. The ratio between the sale price and the cost price of an article is 7:5. What is the ratio between the profit and the cost price of that article?
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A. 2:07

B. None of these

C. Data inadequate

D. 5:02

E. 7:02

111. A reduction of 20% in the price of salt enables a lady to obtain 10 kgs more for Rs.100, find the original price per kg?
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A. 3 1/2

B. 2.5

C. 2 2/3

D. 3

112. Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?
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A. 18%

B. 22%

C. 16%

D. 14%

E. None of these

113. The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price, in this kind of sale the seller
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A. None of these

B. gains

C. loses 1%

D. Bears no loss no gain

114. If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:________?
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A. Rs. 200

B. Rs. 50

C. Rs. 160

D. Rs. 225

115. There would be 10% loss if rice is sold at Rs. 5.40 per kg. At what price per kg should it be sold to earn a profit of 20%
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A. Rs. 7.02

B. Rs. 6

C. Rs. 7.20

D. Rs. 6.48

116. I bought two books; for Rs.480. I sold one at a loss of 15% and other at a gain of 19% and then I found each book was sold at the same price. Find the cost of the book sold at a loss?
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A. Rs.140

B. Rs.70

C. Rs.28

D. Rs.280
117. A man sells 320 mangoes at the cost of 400 mangoes. His gain percent is:_________?
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A. 20%

B. 25%

C. 10%

D. 15%

118. If selling price is doubled, the profit triples. Find the profit percent:
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A. 100

B. 66 2/3

C. 105 1/3

D. 120

119. Oranges are bought at 11 for a rupee and an equal number more at 9 a rupee. If these are sold at 10 for a rupee, find the loss or gain percent?
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A. 2% gain

B. 1% gain

C. 1% loss

D. 2% loss

120. A man sells two articles for Rs.3600 each and he gains 30% on the first and loses 30% on the next. Find his total gain or loss?
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A. 324

B. 400

C. 4000

D. 9% loss
121. If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425. What is the greatest possible profit that might be made in selling 8 books?
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A. Rs. 600

B. Cannot be determined

C. None of these

D. Rs. 400

122. The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%?
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A. 37.5%

B. 50.50%

C. 48%

D. 52%

123. When the price of a toy was increased by 20 % of the number of toys sold was decreased by 15 %. What was the effect on the sales of the shop?
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A. 2 % decrease

B. 2 % increase

C. 4 % increase

D. 4 % decrease

124. A trader lists his articles 20% above C.P and allows a discount of 10% on cash payment. His gain percent is:
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A. 6%

B. 5%

C. 8%

D. 10%

125. An article was sold after a discount of 20% and there was a gain of 20%. If the profit made on it was Rs. 6 less than the discount offered on it, find its selling price?
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A. Rs. 96

B. Rs. 66

C. Rs. 72

D. None of these

E. Rs. 90

126. Mahad sold an article for Rs. 18000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price of the article?
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A. Rs. 15000

B. Rs. 15900

C. Rs. 16200

D. None of these

E. Rs. 14700

127. The price of a VCR is marked at Rs. 12,000. If successive discounts of 15%, 10% and 5% be allowed, then at what price does a customer buy it?
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A. Rs. 8721

B. Rs. 8400

C. Rs. 8856

D. None of these

128. A merchant sold his goods for Rs. 75 at a profit percent equal to C.P. The C.P was:________?
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A. Rs. 60

B. Rs. 40

C. Rs. 50

D. Rs. 70

129. A man buys an article for 10% less than its value and sells it for 10% more than its value. His gain or loss percent is:________?
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A. less than 20% profit

B. more than 20% profit

C. no profit, no loss

D. 20% profit

130. An article is bought for Rs.600 and sold for Rs.500, find the loss percent?
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A. 100/3%

B. 17.33%

C. 16%

D. 16 2/3%
131. A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse?
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A. Rs.900

B. Rs.850

C. Rs.860

D. Rs.875

132. A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price?
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A. 15%

B. 10%

C. 12%

D. 11%

133. By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c?
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A. Rs.38750

B. Rs.42000

C. Rs.38000

D. Rs.40000

134. The C.P of 15 books is equal to the S.P of 18 books. Find his gain% or loss%?
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A. 16 2/3% loss

B. 50/3% profit

C. 100/3% loss

D. 100/3% loss

135. The list price of an article is Rs.65. A customer pays Rs.56.16 for it. He was given two successive discounts, one of them being 10%. The other discount is________?
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A. 6%

B. 3%

C. 4%

D. 5%

136. The sale price sarees listed for Rs.400 after successive discount is 10% and 5% is________?
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A. Rs.338

B. Rs.340

C. Rs.342

D. Rs.357

137. The C.P of 10 pens is equal to the S.P of 12 pens. Find his gain % or loss%?
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A. 16 2/3% profit

B. 16 2/3% loss

C. 50/6% profit

D. 100/3% loss

138. If a man lost 4% by selling oranges at the rate of 12 a rupee at how many a rupee must he sell them to gain 44%?
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A. 9

B. 10

C. 8

D. 7

139. A cycle is bought for Rs.900 and sold for Rs.1080, find the gain percent?
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A. 18%

B. 16.67%

C. 25%

D. 20%
140. An article is bought for Rs.675 and sold for Rs.900, find the gain percent?
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A. 33 1/3%

B. 30%

C. 16.67%

D. 33.17%

141. By selling 150 mangoes, a fruit-seller gains the selling price of 30 mangoes. Find the gain percent?
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A. 25%

B. 30%

C. 18%

D. 20%

142. A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price?
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A. Rs.1000

B. Rs.860

C. Rs.760

D. Rs.1140

143. What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20%?
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A. 12%

B. 13.03%

C. 25%

D. 20%
144. A single discount equivalent to the discount series of 20%, 10% and 5% is_______?
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A. 33.50%

B. 31.6%

C. 25%

D. 30%

145. The cost price of a radio is Rs.1500 and it was sold for Rs.1230, find the loss %?
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A. 6%

B. 18%

C. 9%

D. 15%