23 + Mcqs in General Page 1 McqOptions

1.	If Arko sells an article at ( frac{4}{5} )th of its selling price and secures a profit of (20 )%, what will be the profit or loss percentage if he sells it at the actual selling price?
A.	60 %
B.	56 %
C.	50 %
D.	45 %
Answer» D. 45 %

Discussion

2.	A person (X ) sold an Item to (Y ) at (40 )% loss, then (Y ) sold it to third person (Z ) at (40 )% profit and finally (Z ) sold it back to (X ) at (40 )% profit. In this whole process what is the percentage loss or profit of X?
A.	70 %
B.	62.5 %
C.	57.6 %
D.	55 %
Answer» D. 55 %

Discussion

3.	In a certain store, the profit is 270% of the cost. If the cost increases by 30% but the selling price remains constant, approximately what %ge of the selling price is the profit.
A.	72 %
B.	68 %
C.	65 %
D.	50 %
Answer» D. 50 %

Discussion

4.	Profit earned by an organisation is distributed among officers and clerks in the ratio of 5 : 3. If the number of officers is 55 and the number of clerks is 70 and the amount received by each officer is Rs12,000, what was the total amount of profit earned?
A.	Rs 12.25 Lakh
B.	Rs 11 Lakh
C.	Rs 10.56 Lakh
D.	Rs 16 Lakh
Answer» D. Rs 16 Lakh

Discussion

5.	The percentage profit earned by selling an article for (Rs. 2120 ) is equal to the percentage loss incurred by selling the same article for (Rs. 1520. ) At what price should the article be sold to make (25 )% profit?
A.	Rs 2275
B.	Rs 2650
C.	Rs 2400
D.	Rs 2100
Answer» B. Rs 2650

Discussion

6.	A dealer offers a cash discount of (20 ) % and still makes a profit of (20 ) %, when he further allows (16 ) articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed ?
A.	100 %
B.	80 %
C.	85 %
D.	75%
Answer» B. 80 %

Discussion

7.	A watch dealer incurs an expense of ( Rs. 150 ) for producing every watch. He also incurs an additional expenditure of (Rs. 30,000, ) which is independent of the number of watches produced. If he is able to sell watch during the season, he sells it for (Rs. 250. ) If he fails to do so, he has to sell each watch for (Rs. 100. ) If he produces (1500 ) watches, what is the number of watches that he must sell during the season in order to breakeven, given that he is able to sell all the watches produced?
A.	580
B.	650
C.	700
D.	None
Answer» D. None

Discussion

8.	(Two ) Mangoes, (three ) grapes and (four ) apples cost (Rs. 15. ) (Three ) Mangoes, (two ) grapes and (one ) apple cost (Rs. 10. ) I bought (3 ) Mangoes, (3 ) grapes and (3 ) apples. How much did I pay?
A.	Rs 12
B.	Rs 15
C.	Rs 18
D.	Rs 20
Answer» C. Rs 18

Discussion

9.	The Cost Price of item B is (Rs. 200/- ) more than the cost price of item (A ). Item (A )was sold at a profit of (20 ) % and item (B ) was sold at a loss of (30 ) %. If the respective ratio of Selling Prices of items (A ) and (B ) is (6 : 7, ) what is the cost price of item (B ) ?
A.	Rs 520
B.	Rs 430
C.	Rs 360
D.
E.
Answer» E.

Discussion

10.	A Shopkeeper buys (two ) bicycles for (Rs. 750. ) He sells first bicycle at a profit of (22 ) % and he second bicycle at a loss of (8 )%. What is the Selling Price of first bicycle if in the whole transaction there is no profit no loss?
A.	Rs 506
B.	Rs 244
C.	Rs 185
D.	Rs 230
Answer» C. Rs 185

Discussion

11.	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?
A.	30 %
B.	70 %
C.	100 %
D.	250 %
Answer» C. 100 %

Discussion

12.	The cost price of (20 ) articles is the same as the selling price of (x ) articles. If the profit is (25 ) %, find out the value of (x )
A.	15
B.	25
C.	18
D.	16
Answer» E.

Discussion

13.	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:
A.	No Profit, No Loss
B.	5 %
C.	8 %
D.	10 %
Answer» C. 8 %

Discussion

14.	Susanta buys an old scooter for (Rs. 4700 ) and spends (Rs. 800 ) on its repairs. If he sells the scooter for (Rs. 5800 ), his gain percent is:
A.	4(4/7) %
B.	5(5/11) %
C.	10 %
D.	12 %
Answer» C. 10 %

Discussion

15.	A shopkeeper sells one transistor for (Rs. 840 ) at a gain of (20 ) % and another for (Rs. 960 ) at a loss of (4 ) %. His total gain or loss percent is:
A.	Loss 5(15/17) %
B.	Gain 5(15/17) %
C.	Gain 6(2/3) %
D.	None of these
Answer» C. Gain 6(2/3) %

Discussion

16.	(100 ) oranges are bought at the rate of (Rs. 350 ) and sold at the rate of (Rs. 48 ) per dozen. The percentage of profit or loss is:
A.	Gain 14(2/7) %
B.	Gain 15 %
C.	Loss 14(2/7) %
D.	Loss 15 %
Answer» B. Gain 15 %

Discussion

17.	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 ) %?
A.	Rs. 21,000
B.	Rs. 22,500
C.	Rs. 25,300
D.	Rs. 25,800
Answer» D. Rs. 25,800

Discussion

18.	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:
A.	Rs. 45
B.	Rs. 50
C.	Rs. 55
D.	Rs. 60
Answer» E.

Discussion

19.	Some articles were bought at 6 articles for ( Rs. 5 ) and sold at 5 articles for (Rs. 6. ) Gain percent is:
A.	30 %
B.	33(1 3) %
C.	35 %
D.	44 %
Answer» E.

Discussion

20.	Sam 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?
A.	3.5 %
B.	4.5 %
C.	5.6 %
D.	6.5 %
Answer» D. 6.5 %

Discussion

21.	A man buys a cycle for (Rs. 1400 ) and sells it at a loss of (15 ) %. What is the selling price of the cycle?
A.	Rs. 1090
B.	Rs. 1160
C.	Rs. 1190
D.	Rs. 1202
Answer» D. Rs. 1202

Discussion

22.	A shopkeeper expects a gain of (22.5 ) % on his cost price. If in a week, his sale was of (Rs. 392, ) what was his profit?
A.	Rs. 18.20
B.	Rs. 70
C.	Rs. 72
D.	Rs. 88.25
Answer» D. Rs. 88.25

Discussion

23.	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 shoule the article be sold to make (25 ) % profit?
A.	Rs. 2000
B.	Rs. 2200
C.	Rs. 2400
D.	Rs. 1600
Answer» B. Rs. 2200

Discussion

Explore topic-wise MCQs in Profit & Loss.

If Arko sells an article at ( frac{4}{5} )th of its selling price and secures a profit of (20 )%, what will be the profit or loss percentage if he sells it at the actual selling price?

A person (X ) sold an Item to (Y ) at (40 )% loss, then (Y ) sold it to third person (Z ) at (40 )% profit and finally (Z ) sold it back to (X ) at (40 )% profit. In this whole process what is the percentage loss or profit of X?

In a certain store, the profit is 270% of the cost. If the cost increases by 30% but the selling price remains constant, approximately what %ge of the selling price is the profit.

Profit earned by an organisation is distributed among officers and clerks in the ratio of 5 : 3. If the number of officers is 55 and the number of clerks is 70 and the amount received by each officer is Rs12,000, what was the total amount of profit earned?

The percentage profit earned by selling an article for (Rs. 2120 ) is equal to the percentage loss incurred by selling the same article for (Rs. 1520. ) At what price should the article be sold to make (25 )% profit?

A dealer offers a cash discount of (20 ) % and still makes a profit of (20 ) %, when he further allows (16 ) articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed ?

(Two ) Mangoes, (three ) grapes and (four ) apples cost (Rs. 15. ) (Three ) Mangoes, (two ) grapes and (one ) apple cost (Rs. 10. ) I bought (3 ) Mangoes, (3 ) grapes and (3 ) apples. How much did I pay?

The Cost Price of item B is (Rs. 200/- ) more than the cost price of item (A ). Item (A )was sold at a profit of (20 ) % and item (B ) was sold at a loss of (30 ) %. If the respective ratio of Selling Prices of items (A ) and (B ) is (6 : 7, ) what is the cost price of item (B ) ?

A Shopkeeper buys (two ) bicycles for (Rs. 750. ) He sells first bicycle at a profit of (22 ) % and he second bicycle at a loss of (8 )%. What is the Selling Price of first bicycle if in the whole transaction there is no profit no loss?

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?

The cost price of (20 ) articles is the same as the selling price of (x ) articles. If the profit is (25 ) %, find out the value of (x )

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:

Susanta buys an old scooter for (Rs. 4700 ) and spends (Rs. 800 ) on its repairs. If he sells the scooter for (Rs. 5800 ), his gain percent is:

A shopkeeper sells one transistor for (Rs. 840 ) at a gain of (20 ) % and another for (Rs. 960 ) at a loss of (4 ) %. His total gain or loss percent is:

(100 ) oranges are bought at the rate of (Rs. 350 ) and sold at the rate of (Rs. 48 ) per dozen. The percentage of profit or loss is:

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 ) %?

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:

Some articles were bought at 6 articles for ( Rs. 5 ) and sold at 5 articles for (Rs. 6. ) Gain percent is:

Sam 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?

A man buys a cycle for (Rs. 1400 ) and sells it at a loss of (15 ) %. What is the selling price of the cycle?

A shopkeeper expects a gain of (22.5 ) % on his cost price. If in a week, his sale was of (Rs. 392, ) what was his profit?

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 shoule the article be sold to make (25 ) % profit?