profit and loss MCQs – Page 6

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

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