Profit and Loss MCQs for Entry Test with Answers and Explanations [PDF]

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:_________?

Option A: Rs.50

Option B: Rs.60

Option C: Rs.80

Option D: Rs.90

Correct Answer: Rs.80 ✔

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The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs. 3. The ratio of the two selling prices is:__________?

Option A: 51:52

Option B: 52:53

Option C: 51:53

Option D: 52:55

Correct Answer: 52:53 ✔

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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:________?

Option A: Rs. 50

Option B: Rs. 160

Option C: Rs. 200

Option D: Rs. 225

Correct Answer: Rs. 200 ✔

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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:________?

Option A: no profit, no loss

Option B: 20% profit

Option C: less than 20% profit

Option D: more than 20% profit

Correct Answer: 20% profit ✔

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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:________?

Option A: Rs. 15

Option B: Rs. 16

Option C: Rs. 17

Option D: Rs. 18

Correct Answer: Rs. 17 ✔

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A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225 for it, the cost price of the bicycle for A is:________?

Option A: Rs. 110

Option B: Rs. 120

Option C: Rs. 125

Option D: Rs. 150

Correct Answer: Rs. 150 ✔

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A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is:________?

Option A: 8

Option B: 10

Option C: 11

Option D: 12

Correct Answer: 12 ✔

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By mixing two brands of tea and selling the mixture at the rate of Rs. 177 per kg. a shopkeeper makes a profit of 18%. If to every 2 kg of one brand costing Rs. 200 per kg, 3 kg of the other brand is added, then how much per kg does the other brand cost?

Option A: Rs. 110

Option B: Rs. 120

Option C: Rs. 140

Option D: None of these

Correct Answer: None of these ✔

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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?

Option A: Rs. 14.80

Option B: Rs. 15.40

Option C: Rs. 15.60

Option D: Rs. 16.30

Correct Answer: Rs. 16.30 ✔

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

Option A: 37.5 %

Option B: 38.5 %

Option C: 42 %

Option D: 27.5 %

Correct Answer: 37.5 % ✔

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A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of :

Option A: 10 %

Option B: 10.5 %

Option C: 11 %

Option D: 12.5 %

Correct Answer: 10 % ✔

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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:

Option A: No profit, no loss

Option B: 5%

Option C: 8%

Option D: 10%

Correct Answer: 5% ✔

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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%?

Option A: Rs. 21,000

Option B: Rs. 22,500

Option C: Rs. 25,300

Option D: Rs. 25,800

Correct Answer: Rs. 25,300 ✔

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On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:________?

Option A: Rs. 45

Option B: Rs. 50

Option C: Rs. 55

Option D: Rs. 60

Correct Answer: Rs. 60 ✔

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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:

Option A: 12%

Option B: 10%

Option C: 6%

Option D: 4%

Correct Answer: 10% ✔

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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?

Option A: 6

Option B: 5

Option C: 10

Option D: 7

Correct Answer: 5 ✔

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

Option A: 0

Option B: Rs. 2

Option C: Rs. 1.93

Option D: Rs. 7.20

Correct Answer: 0 ✔

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Tarun bought a T.V with 20% discount on the labelled price. Had he bought it with 25% discount? He would have saved Rs. 500. At what price did he buy the T.V?

Option A: Rs. 5000

Option B: Rs. 10000

Option C: Rs. 12000

Option D: Rs. 16000

Correct Answer: Rs. 10000 ✔

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

Option A: Rs. 112

Option B: Rs. 129.60

Option C: Rs. 119.60

Option D: Rs. 115.20

Correct Answer: Rs. 115.20 ✔

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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

Option A: Bears no loss no gain

Option B: gains

Option C: loses 1%

Option D: None of these

Correct Answer: loses 1% ✔

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

Option A: 10%

Option B: 8%

Option C: 5%

Option D: 6%

Correct Answer: 8% ✔

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While selling the watch, a shopkeeper gives a discount of 5% if he gives a discount of 7 % he earns Rs. 15 less as profit. The marked price of the watch is:

Option A: Rs. 697.50

Option B: Rs. 712.50

Option C: Rs. 787.50

Option D: None of these

Correct Answer: None of these ✔

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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:

Option A: 45:56

Option B: 50:61

Option C: 99:125

Option D: None of these

Correct Answer: 45:56 ✔

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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:

Option A: Rs. 270

Option B: Rs. 290

Option C: Rs. 300

Option D: None of these

Correct Answer: Rs. 300 ✔

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An umbrella marked at Rs. 80 is sold for Rs. 68. The rate of discount is:

Option A: 15%

Option B: 12%

Option C: 17 11/17%

Option D: 20 %

Correct Answer: 15% ✔

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Kabir buys an article with 25% discount on its marked price. He makes a profit of 10 % by selling it at Rs. 660. The marked price is :

Option A: Rs. 600

Option B: Rs. 700

Option C: Rs. 800

Option D: Rs. 685

Correct Answer: Rs. 800 ✔

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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:

Option A: Rs. 80000

Option B: Rs. 100000

Option C: Rs. 140000

Option D: Rs. 120000

Correct Answer: Rs. 100000 ✔

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A discount series of 10%, 20% and 40% is equal to a single discount of:_________?

Option A: 50%

Option B: 56.8%

Option C: 60%

Option D: 70.28%

Correct Answer: 56.8% ✔

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At what price must kashif sell a mixture of 80 kg sugar at Rs. 6.75 per kg with 120 kg at Rs. 8 per kg to gain 20%?

Option A: Rs. 7.50 per kg

Option B: Rs. 8.20 per kg

Option C: Rs. 8.85 per kg

Option D: Rs. 9 per kg

Correct Answer: Rs. 9 per kg ✔

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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:

Option A: Rs. 200

Option B: Rs. 225

Option C: Rs. 250

Option D: None of these

Correct Answer: Rs. 250 ✔

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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:

Option A: Rs. 30

Option B: Rs. 25

Option C: Rs. 24

Option D: Rs. 20

Correct Answer: Rs. 25 ✔

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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:_________?

Option A: Rs. 25000

Option B: Rs. 37500

Option C: Rs. 50000

Option D: Rs. 60000

Correct Answer: Rs. 50000 ✔

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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:_________?

Option A: Rs. 2800

Option B: Rs. 2100

Option C: Rs. 4200

Option D: Rs. 8400

Correct Answer: Rs. 4200 ✔

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Profit after selling a commodity for Rs. 425 is same as loss after selling it for Rs.355. The cost of the commodity is:________?

Option A: Rs. 385

Option B: Rs. 390

Option C: Rs. 395

Option D: Rs. 400

Correct Answer: Rs. 390 ✔

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

Option A: Rs. 40

Option B: Rs. 50

Option C: Rs. 60

Option D: Rs. 70

Correct Answer: Rs. 50 ✔

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A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20 % and the cow at a gain of 20 %. The entire transaction resulted in__________?

Option A: No loss or gain

Option B: Loss of Rs. 1000

Option C: Gain of Rs. 1000

Option D: Gain of Rs. 2000

Correct Answer: Loss of Rs. 1000 ✔

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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?

Option A: 0.25 % loss

Option B: 0.25 % gain

Option C: 25% loss

Option D: 25% gain

Correct Answer: 0.25 % loss ✔

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When the Price of fans was reduced by 20 %. The number of fans sold increased by 40 %. What was the effect on the sales of rupees?

Option A: 12 % Increase

Option B: 12 % decrease

Option C: 30 % increase

Option D: 40 % increase

Correct Answer: 12 % Increase ✔

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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?

Option A: 4 % increase

Option B: 4 % decrease

Option C: 2 % increase

Option D: 2 % decrease

Correct Answer: 2 % increase ✔

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A owns a house worth Rs. 10000. He sells it to B at a profit of 10% based on the worth of the house. B sells the house back to A at a loss of 10% in this transaction A gets:

Option A: No profit No loss

Option B: Profit of Rs. 1000

Option C: Profit of Rs. 1100

Option D: Profit of Rs. 2000

Correct Answer: Profit of Rs. 1100 ✔

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Ramees bought 4 dozen apples at Rs. 12 per dozen and 2 dozen apples at Rs. 16 per dozen. He sold all of them to earn 20%. At what price per dozen did he sell the apples?

Option A: Rs. 14.40

Option B: Rs. 16.00

Option C: Rs. 16.80

Option D: Rs. 19.20

Correct Answer: Rs. 16.00 ✔

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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?

Option A: 15.5

Option B: 40

Option C: 60

Option D: None of these

Correct Answer: 15.5 ✔

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

Option A: 16 toffees

Option B: 20 toffees

Option C: 25 toffees

Option D: 24 toffees

Correct Answer: 16 toffees ✔

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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%?

Option A: 5

Option B: 8

Option C: 10

Option D: 15

Correct Answer: 8 ✔

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

Option A: 9

Option B: 10

Option C: 11

Option D: 11 1/9

Correct Answer: 9 ✔

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A man sold 20 articles for Rs. 60 and gained 20%. How many articles did he buy for Rs.60?

Option A: 22

Option B: 24

Option C: 25

Option D: 26

Correct Answer: 24 ✔

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

Option A: 40

Option B: 60

Option C: 240

Option D: 250

Correct Answer: 250 ✔

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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:__________?

Option A: Rs. 300

Option B: Rs. 320

Option C: Rs. 440

Option D: Rs. 500

Correct Answer: Rs. 500 ✔

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

Option A: 10%

Option B: 11%

Option C: 21%

Option D: 100%

Correct Answer: 21% ✔

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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?

Option A: Rs. 400

Option B: Rs. 600

Option C: Cannot be determined

Option D: None of these

Correct Answer: None of these ✔

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A man sells 320 mangoes at the cost of 400 mangoes. His gain percent is:_________?

Option A: 10%

Option B: 15%

Option C: 20%

Option D: 25%

Correct Answer: 25% ✔

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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%

Option A: Rs. 6

Option B: Rs. 6.48

Option C: Rs. 7.02

Option D: Rs. 7.20

Correct Answer: Rs. 7.20 ✔

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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%?

Option A: Rs. 12

Option B: Rs. 12.96

Option C: Rs. 14.40

Option D: None of these

Correct Answer: Rs. 14.40 ✔

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A man buys 10 articles for Rs. 8 and Sells them at the rate of Rs. 1.25 per article. His gain is:________?

Option A: 20%

Option B: 50%

Option C: 19 ½ %

Option D: 56 ¼ %

Correct Answer: 56 ¼ % ✔

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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?

Option A: 24.5

Option B: 28.5

Option C: 30

Option D: Data inadequate

Correct Answer: 30 ✔

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

Option A: 37.5%

Option B: 48%

Option C: 50.5%

Option D: 52%

Correct Answer: 37.5% ✔

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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:________?

Option A: 7

Option B: 7.5

Option C: 8

Option D: 9

Correct Answer: 8 ✔

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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?

Option A: Rs. 8400

Option B: Rs. 8721

Option C: Rs. 8856

Option D: None of these

Correct Answer: Rs. 8721 ✔

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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:_________?

Option A: Rs. 1000

Option B: Rs. 2000

Option C: Rs. 2500

Option D: Rs. 3000

Correct Answer: Rs. 2000 ✔

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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%?

Option A: 5

Option B: 8

Option C: 10

Option D: 15

Correct Answer: 8 ✔

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A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

Option A: 3

Option B: 4

Option C: 5

Option D: 6

Correct Answer: 5 ✔

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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:________?

Option A: 15%

Option B: 16 1/6%

Option C: 16 2/3%

Option D: 20%

Correct Answer: 16 2/3% ✔

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If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is:

Option A: 20% loss

Option B: 20% gain

Option C: 25% loss

Option D: 25% gain

Correct Answer: 20% loss ✔

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If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:

Option A: 25%

Option B: 33 1/3 %

Option C: 50%

Option D: 66 2/3 %

Correct Answer: 50% ✔

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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?

Option A: Rs. 2000

Option B: Rs. 2200

Option C: Rs. 2400

Option D: None of these

Correct Answer: Rs. 2000 ✔

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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?

Option A: Rs. 920

Option B: Rs. 960

Option C: Rs. 1060

Option D: Rs. 1200

Correct Answer: Rs. 960 ✔

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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?

Option A: 30%

Option B: 70%

Option C: 100%

Option D: 250%

Correct Answer: 70% ✔

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

Option A: 66 2/3

Option B: 100

Option C: 105 1/3

Option D: 120

Correct Answer: 100 ✔

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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:________?

Option A: 40

Option B: 100

Option C: 120

Option D: 140

Correct Answer: 40 ✔

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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?

Option A: 2:7

Option B: 5:2

Option C: 7:2

Option D: Data inadequate

Correct Answer: None of these ✔

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

Option A: 10%

Option B: 20%

Option C: 25%

Option D: 30%

Correct Answer: 25% ✔

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Jameel brought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20%?

Option A: Rs. 400

Option B: Rs. 440

Option C: Rs. 500

Option D: Rs. 550

Correct Answer: Rs. 500 ✔

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The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is:

Option A: Rs. 500

Option B: Rs. 515

Option C: Rs. 550

Option D: Rs. 600

Correct Answer: Rs. 500 ✔

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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?

Option A: 3.5

Option B: 4.5

Option C: 5.6

Option D: 6.5

Correct Answer: 5.6 ✔

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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?

Option A: 4 1/6 %

Option B: 6 1/6 %

Option C: 8 1/3 %

Option D: 20 %

Correct Answer: 8 1/3 % ✔

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The successive discounts 20% and 15% are equal to a single discount of__________?

Option A: 35%

Option B: 38%

Option C: 32%

Option D: 29%

Correct Answer: 32% ✔

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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?

Option A: Rs. 16500

Option B: Rs. 15525

Option C: Rs. 17000

Option D: Rs. 17600

Correct Answer: Rs. 17600 ✔

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Mahad marks an article 15% above the cost price of Rs. 540. What must be his discount percentage if he sells it at Rs. 496.80?

Option A: 18%

Option B: 21%

Option C: 20%

Option D: 19%

Correct Answer: 20% ✔

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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?

Option A: Rs. 72

Option B: Rs. 90

Option C: Rs. 66

Option D: Rs. 96

Correct Answer: Rs. 72 ✔

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A trader marks his articles 20% more than the cost price. If he allows 20% discount, then find his gain or loss percent?

Option A: No profit No loss

Option B: 4% profit

Option C: 2% loss

Option D: 2% profit

Correct Answer: None of these ✔

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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?

Option A: Rs. 15000

Option B: Rs. 16200

Option C: Rs. 14700

Option D: Rs. 15900

Correct Answer: Rs. 15000 ✔

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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________?

Option A: loss of Rs. 200

Option B: loss of Rs. 100

Option C: profit of Rs. 100

Option D: profit of Rs. 200

Correct Answer: profit of Rs. 200 ✔

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A shopkeeper sells 400 metres of cloth for Rs. 18000 at a loss of Rs.5 per metre. Find his cost price for one metre of cloth?

Option A: Rs. 45

Option B: Rs. 40

Option C: Rs. 35

Option D: Rs. 50

Correct Answer: Rs. 50 ✔

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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?

Option A: Rs. 1,10,000

Option B: Rs. 1,20,000

Option C: Rs. 1,24,000

Option D: Rs. 1,21,000

Correct Answer: Rs. 1,20,000 ✔

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After allowing a discount of 15% on the marked price, the selling price is Rs. 6800 for an article. If it was sold at marked price, there would have been a profit of 60%. The cost price of the article is?

Option A: Rs. 6400

Option B: Rs. 5600

Option C: Rs. 5000

Option D: Rs. 4800

Correct Answer: Rs. 5000 ✔

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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?

Option A: Rs. 25000

Option B: Rs. 20000

Option C: Rs. 15000

Option D: Rs. 22000

Correct Answer: Rs. 20000 ✔

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A fruit vendor purchased 20 dozens of bananas at Rs. 15 per dozen. But one-fourth of the bananas were rotten and had to be thrown away. He sold two-third of the remaining bananas at Rs. 22.50 per dozen. At what price per dozen should he sell the remaining bananas to make neither a profit nor a loss?

Option A: Rs. 20

Option B: Rs. 15

Option C: Rs. 22.50

Option D: Rs. 7.50

Correct Answer: Rs. 15 ✔

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

Option A: 33 1/3%

Option B: 50%

Option C: 25%

Option D: 66 2/3%

Correct Answer: 33 1/3% ✔

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A dealer purchases 15 articles for Rs. 25 and sells 12 articles for Rs. 30. Find the profit percentage?

Option A: 25%

Option B: 50%

Option C: 20%

Option D: 5%

Correct Answer: 50% ✔

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If the cost price of 50 articles is equal to the selling price of 40 articles, then the gain or loss percent is?

Option A: 20% loss

Option B: 20% profit

Option C: 10% profit

Option D: 25% loss

Correct Answer: None of these ✔

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If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is_______?

Option A: 1.44% loss

Option B: 14.4% profit

Option C: 14.4% loss

Option D: 0%

Correct Answer: 1.44% loss ✔

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Rehman mixed 24 kg of butter at Rs. 150 per kg with 36 kg butter at the rate of Rs. 125 per kg. At what price per kg should he sell the mixture to make a profit of 40% in the transaction?

Option A: Rs. 135

Option B: Rs. 162

Option C: Rs. 189

Option D: Rs. 198

Correct Answer: Rs. 189 ✔

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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?

Option A: Rs. 1505

Option B: Rs. 1510

Option C: Rs. 1500

Option D: Rs. 1490

Correct Answer: Rs. 1500 ✔

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A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?

Option A: Rs. 150

Option B: Rs. 144

Option C: Rs. 138

Option D: Rs. 132

Correct Answer: Rs. 144 ✔

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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?

Option A: Rs. 80

Option B: Rs. 85

Option C: Rs. 90

Option D: Rs. 95

Correct Answer: Rs. 90 ✔

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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?

Option A: 14%

Option B: 16%

Option C: 18%

Option D: 22%

Correct Answer: 18% ✔

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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?

Option A: 30%

Option B: 35%

Option C: 40%

Option D: 45%

Correct Answer: 40% ✔

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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?

Option A: Rs. 5725

Option B: Rs. 5275

Option C: Rs. 6275

Option D: Rs. 6725

Correct Answer: Rs. 6725 ✔

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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?

Option A: 855 1/2 grams

Option B: 833 1/3 grams

Option C: 833 1/2 grams

Option D: 875 2/7 grams

Correct Answer: 833 1/3 grams ✔

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100

A shopkeeper buys mangoes at the rate of 4 a rupee and sells them at 3 a rupee. Find his net profit or loss percent?

Option A: 20%

Option B: 28%

Option C: 33 1/3 %

Option D: 35 2/7 %

Correct Answer: 33 1/3 % ✔

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Profit And Loss MCQs