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
41. The cost price of an article which on being sold at a gain of 12 % yields Rs. 6 more than when it is sold at a loss of 12 % is:
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A. Rs. 25

B. Rs. 20

C. Rs. 30

D. Rs. 24

42. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?
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A. Rs. 25,800

B. Rs. 22,500

C. Rs. 25,300

D. Rs. 21,000

43. The ratio of the cost price and the selling price is 4:5. The profit percent is:__________?
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A. 10%

B. 30%

C. 20%

D. 25%
44. The successive discounts 20% and 15% are equal to a single discount of__________?
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A. None of these

B. 29%

C. 38%

D. 35%

E. 32%
45. A shopkeeper sells 20% of his stock at 10% profit ans sells the remaining at a loss of 5%. He incurred an overall loss of Rs. 400. Find the total worth of the stock?
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A. Rs. 22000

B. Rs. 25000

C. Rs. 15000

D. None of these

E. Rs. 20000
46. If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:
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A. 66.67%

B. 25%

C. 33.33%

D. 50%
47. A man buys two articles for Rs.1980 each and he gains 10% on the first and loses 10% on the next. Find his total gain or loss percent?
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A. 1% loss

B. 10% loss

C. no gain or no loss

D. 1% gain
48. The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?
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A. 18 2/11%

B. 15.33%

C. 16.67%

D. 30%

49. A person purchased a TV set for Rs. 16000 and a DVD player for Rs. 6250. He sold both the items together for Rs. 31150. What percentage of profit did he make?
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A. 35%

B. 45%

C. 30%

D. None of these

E. 40%
50. A dealer purchased an article at 3/4 of its list price and sold 50% more than the list price. Find his gain percent?
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A. 50%

B. 100%

C. 80%

D. 75%

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