profit and loss MCQs – Page 5

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

profit and loss Mcqs
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