3305 + Mcqs in Profit And Loss Page 21 McqOptions

1001.	If the selling price of 45 articles is equal to the cost price of 50 articles, the loss or gain percentage is:
A.	Gain: \(\frac{{50}}{3}\%\)
B.	Loss: \(\frac{{50}}{9}\%\)
C.	Loss: \(\frac{{100}}{9}\%\)
D.	Gain: \(\frac{{100}}{9}\%\)
Answer» E.

Discussion

1002.	A, B and C started a business by investing Rs. 27,500, Rs. 32,500 and Rs. 37,500 respectively. A is a working partner and gets 20% of profit as working allowance and the remaining is distributed in proportion of their investments. If the money received by C is Rs. 13,500, what is the total profit?
A.	Rs. 35,100
B.	Rs. 38,425
C.	Rs. 42,750
D.	Rs. 43,875
Answer» E.

Discussion

1003.	A man buys a fan for Rs. 35 and sells it for Rs. 30. What is his loss percent?
A.	16.67
B.	25
C.	20
D.	14.28
Answer» E.

Discussion

1004.	If selling price of an article is Rs. 638 and profit is 45%, then what will be the net profit?
A.	Rs. 256
B.	Rs. 287.1
C.	Rs. 440
D.	Rs. 198
Answer» E.

Discussion

1005.	If a saree is sold for Rs. 1900 the seller will face 5% loss, at what price (in Rs) should he sell the saree to gain 15% profit?
A.	2200
B.	2400
C.	2500
D.	2300
Answer» E.

Discussion

1006.	If Mayank doubles the selling price of an item, the profit becomes 4 times. Find the original profit percent (before increasing the selling price)A. 50%B. 100%C. 125%D. 25%
A.	A
B.	B
C.	C
D.	D
Answer» B. B

Discussion

1007.	Raj purchased two laptops, first for Rs. 42500 and the second for Rs 36200. He sold first laptop at a profit of 12% and the second laptop at a loss of 12%.What is the overall profit or loss?
A.	Rs. 756 profit
B.	Rs. 756 loss
C.	Rs. 1512 profit
D.	Rs. 1512 loss
Answer» B. Rs. 756 loss

Discussion

1008.	A person an article at a loss of 8%. Had he sold it at a gain of 10.5%, he would have received Rs. 74 more. What is the cost price (in Rs.) of the article?
A.	300
B.	400
C.	500
D.	100
Answer» C. 500

Discussion

1009.	A man sold 400 chairs and had a gain equal to selling price of 50 chairs. What is his profit percentage?
A.	14.28
B.	25
C.	11.11
D.	10
Answer» B. 25

Discussion

1010.	A man bought an article and sold it at a gain of 10%. If he had bought the article at 20% less and sold it for Rs. 1,000 more, he would have made a profit of 40%. The earlier selling price of the article (in Rs.) is:
A.	50,000
B.	40,000
C.	55,000
D.	60,000
Answer» D. 60,000

Discussion

1011.	An item is sold for Rs. 7130 making a 15% profit. What is the cost price (in Rs.) of this item?
A.	6000
B.	6125
C.	6250
D.	6200
Answer» E.

Discussion

1012.	An article is sold for Rs. 612 after successive discounts of 25% and 15%. What is the marked price of the article?
A.	Rs. 980
B.	Rs. 960
C.	Rs. 940
D.	Rs. 1000
Answer» C. Rs. 940

Discussion

1013.	A person sold an article at a loss of 15%. Had he sold it for Rs. 30.60 more, he would have gained 9%. To gain 10%, he should have sold it for:
A.	Rs. 140.25
B.	Rs. 132
C.	Rs. 128.40
D.	Rs. 130
Answer» B. Rs. 132

Discussion

1014.	Consider the following figures A and B:The manufacturing cost and projected sales for a product are shown in the above figures A and B respectively. What is the minimum number of pieces that should be manufactured to avoid a loss?
A.	2000
B.	2500
C.	3000
D.	3500
Answer» B. 2500

Discussion

1015.	A person sells wheat at a profit of 30%. If he reduces its selling price by Rs. 60, then he suffers a loss of 10%. What was the initial selling price (in Rs.) of the wheat?
A.	195
B.	210
C.	180
D.	130
Answer» B. 210

Discussion

1016.	P and Q invested in a business in the ratio 5 : 13. Q withdrew his capital after 6 months. If they shared their profit in the ratio 25 : 26, for how long was P's amount used?
A.	18 months
B.	12 months
C.	8 months
D.	15 months
Answer» E.

Discussion

1017.	M sold an article to N at 30% profit. N sold it to P at 20% profit. N’s profit was Rs. 20 less than M’s profit. Find M’s cost price.
A.	Rs. 500
B.	Rs. 300
C.	Rs. 750
D.	Rs. 900
Answer» B. Rs. 300

Discussion

1018.	A shop keeper buys an article for Rs. 440 and his overhead expenses are Rs. 60. If he sells the article for Rs. 550, then his profit % is :
A.	8%
B.	9%
C.	6%
D.	10%
Answer» E.

Discussion

1019.	If some articles are bought at Rs. 8 each and sold at Rs. 5 each, then what is the loss percentage?
A.	33.33
B.	66.67
C.	37.5
D.	50
Answer» D. 50

Discussion

1020.	A sells an article to B at 20% profit; B sells it to C at a loss of 10% and C sells it to D at a profit of 12%. If C earns a profit of Rs 915.20 less than what A earns, then what is the cost price of the article for B?
A.	15,000
B.	15,600
C.	14,040
D.	15,725
Answer» C. 14,040

Discussion

1021.	An item is sold at two successive gains of 30% and 20%. If the final selling price is Rs. 31200, then what is the cost price (in Rs.)?
A.	15000
B.	20000
C.	22250
D.	24000
Answer» C. 22250

Discussion

1022.	Mr. Kiran sold a bus for Rs. 18,700 at a loss of 15%. At what price should the bus be sold to get a profit of 15%?
A.	Rs. 25,523
B.	Rs. 25,522
C.	Rs. 25,300
D.	Rs. 25,521
Answer» D. Rs. 25,521

Discussion

1023.	A merchant lost Rs. 51 by selling 17 bags of the rice for Rs. 1020. What was the cost price per bag?
A.	Rs. 57
B.	Rs. 70
C.	Rs. 63
D.	Rs. 67
Answer» D. Rs. 67

Discussion

1024.	A dealer sells two machines at Rs. 12000 each. On one it gains 32% and on the other it loses 32%. What is its profit/loss percentage in the whole transaction?
A.	No gain and no loss
B.	1% loss
C.	18% profit
D.	10.24% loss
Answer» E.

Discussion

1025.	A seller expects a 32% return on his purchase price. If its sales in one day were 528. What was his profit amount?A. Rs. 120B. Rs. 128C. Rs. 132D. Rs. 140
A.	A
B.	B
C.	C
D.	D
Answer» C. C

Discussion

1026.	Liza allows 20% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a suit for her marked price at Rs. 6600?
A.	Rs. 4400
B.	Rs. 5500
C.	Rs. 6500
D.	Rs. 7700
Answer» B. Rs. 5500

Discussion

1027.	////A man sells two articles. The cost price of the first article is equal to the selling price of the second article. The first article is sold at a profit of 20% and the second articles is sold at a loss of 20%. What is the ratio of the selling price of the first article and the cost price of the second article?
A.	24 : 25
B.	25 : 24
C.	29 : 27
D.	27 : 29
Answer» B. 25 : 24

Discussion

1028.	A and B enter into a partnership with capital in the ratio 5 : 6. After 4 months, A withdraws \(\frac{1}{5}\) of his capital, while B increases his capital by \(33 \frac{1}{3}\)%. What is the share of B(in Rs. lakhs) in the annual profit of Rs. 6.3 lakhs?
A.	2.34
B.	2.61
C.	3.69
D.	3.96
Answer» E.

Discussion

1029.	A sells 2 TV sets at same price, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?
A.	2.25%
B.	3%
C.	4%
D.	No profit, no loss
Answer» B. 3%

Discussion

1030.	By selling an article for Rs. 144, a shopkeeper loses 28%. What is the selling price for bringing down the loss to 14%?
A.	Rs. 172
B.	Rs. 182
C.	Rs. 180
D.	Rs. 156
Answer» B. Rs. 182

Discussion

1031.	A, B and C started a business with their capitals in the ratio 1 : 4 : 4. At the end of every 3 months, A doubles his capital, B halves his capital and C leaves his capital unchanged. At the end of the year, if B’s share in the profit was Rs. 4,50,000, then the total profit (in Rs. Lakhs) was ______.
A.	23.1
B.	32.4
C.	34.8
D.	24.2
Answer» B. 32.4

Discussion

1032.	Marked price of a wheelchair is Rs 9060. The shopkeeper offered a discount of 20% and gained 51%. If no discount is allowed, find his gain percentage?
A.	71%
B.	88.75%
C.	90%
D.	61.2%
E.	75%
Answer» C. 90%

Discussion

1033.	A trader allows two successive discounts of 30% and 40% on selling an article. If he sells that article for Rs. 840, then what is the marked price (in Rs) of the article?
A.	2000
B.	1900
C.	1800
D.	1700
Answer» B. 1900

Discussion

1034.	If the CP of an item is Rs. 950 and the profit is 30% then find the SP.
A.	Rs. 1235
B.	Rs. 675
C.	Rs. 850
D.	Rs. 1000
Answer» B. Rs. 675

Discussion

1035.	If the selling price of a book after 10% discount is Rs. 486, then the marked price of the book is:
A.	Rs. 600
B.	Rs. 560
C.	Rs. 540
D.	Rs. 580
Answer» D. Rs. 580

Discussion

1036.	A, B and C are three partners in a business, B started the business and A joined him after 2 months with an investment which is 20% more than that of B. C joined them later. The investment of B is \(\frac{3}{4}\) of the investment of C. If in the annual profit, share in profit of C is \(\frac{1}{3}\) of the sum of shares of A and B, then for how long was C’s investment in the business?
A.	4 months
B.	\(4\frac{1}{2}\) months
C.	5 months
D.	6 months
Answer» E.

Discussion

1037.	An article is sold for Rs 5330 after a discount of 18%. What is the marked price (in Rs) of the article?
A.	6250
B.	6450
C.	6800
D.	6500
Answer» E.

Discussion

1038.	In a shop, shirts are usually sold at 40% above the cost price. During a sale, the shopkeeper offers a discount of 10% on the usual selling price. If he manages to sell 72 shirts for Rs. 13,608, then the cost price per shirt is
A.	Rs. 210
B.	Rs. 150
C.	Rs. 149
D.	Rs. 125
Answer» C. Rs. 149

Discussion

1039.	P bought an article at a discount of 20% on the selling price and sold it at a profit of 15% more than the selling price. Find his gain percentage.
A.	30.50%
B.	43.75%
C.	31.25%
D.	35.00%
Answer» C. 31.25%

Discussion

1040.	An oil reﬁnery buys oil at Rs. 3600 per barrel. There is 10% wastage. If the reﬁnery wants to earn 5% proﬁt then at what price should it sell including 8% tax on selling price? (in Rs. per barrel)
A.	3674
B.	3711
C.	4219
D.	4536
Answer» E.

Discussion

1041.	If the price of pen decreases by 20%, then a man can buy 10 more pens for Rs 100. What is the new price (in Rs.) of each pen?
A.	1
B.	2
C.	4
D.	5
Answer» C. 4

Discussion

1042.	A trader makes a profit of 5% by selling his goods. What will be the percentage of his profit if both his purchase price and the selling price increase by 20%.
A.	5%
B.	8%
C.	6%
D.	10%
Answer» B. 8%

Discussion

1043.	C and D started a business by investing Rs. 4000 and Rs. 5000 respectively. After 3 months, C withdraws Rs. 1000 while D invest Rs. 1000 more after 6 months of the starting of business. At the end of the year C’s share is Rs. 3900. What will be the total profit (in Rs.) at the end of year?
A.	7800
B.	10500
C.	8400
D.	12200
Answer» C. 8400

Discussion

1044.	A factory outlet has decided to dispose of its old stock by selling each set of cups for ₹ 287 and recovering only the variable cost. If the fixed cost is 18% of the total cost, what was the cost price of each set of cups?
A.	₹ 320
B.	₹ 350
C.	₹ 325
D.	₹ 340
Answer» C. ₹ 325

Discussion

1045.	Anikitha sold her text book for a loss of 15%. If she would have sold the textbook for an increased price of Rs. 150, there would have been gain of 10%. What was the cost price of the text book? (Used)
A.	Rs. 500
B.	Rs. 900
C.	Rs. 400
D.	Rs. 600
Answer» E.

Discussion

1046.	On selling 120 bottles, Vijay earns a profit equal to the cost price of 10 bottles. What is the profit percentage?
A.	8.33
B.	9.09
C.	7.7
D.	12.5
Answer» B. 9.09

Discussion

1047.	On selling an article for Rs. 340, a shopkeeper loses 15%. For how much (in Rs.) he should sell the article in order to earn a profit of 20%?
A.	450
B.	500
C.	460
D.	480
Answer» E.

Discussion

1048.	On selling a book at 9/14 of the marked price, there is a loss of 10%. What will be the ratio of marked price and cost price of the book?
A.	5 : 9
B.	5 : 8
C.	7 : 4
D.	7 : 5
Answer» E.

Discussion

1049.	A profit of 25% is made after giving a discount of 5% on an article. If the marked price of the article is Rs. 2625, then what is its cost price (in Rs)?
A.	2075
B.	2135
C.	2025
D.	1995
Answer» E.

Discussion

1050.	A trader allowed a discount of 15% on a trolley bag having list price of Rs 1360 and earns a profit of 15.6%. What is the cost price (in Rs) of the trolley bag?
A.	1000
B.	1005
C.	1050
D.	1156
Answer» B. 1005

Discussion

Explore topic-wise MCQs in Arithmetic Ability.

If the selling price of 45 articles is equal to the cost price of 50 articles, the loss or gain percentage is:

A, B and C started a business by investing Rs. 27,500, Rs. 32,500 and Rs. 37,500 respectively. A is a working partner and gets 20% of profit as working allowance and the remaining is distributed in proportion of their investments. If the money received by C is Rs. 13,500, what is the total profit?

A man buys a fan for Rs. 35 and sells it for Rs. 30. What is his loss percent?

If selling price of an article is Rs. 638 and profit is 45%, then what will be the net profit?

If a saree is sold for Rs. 1900 the seller will face 5% loss, at what price (in Rs) should he sell the saree to gain 15% profit?

If Mayank doubles the selling price of an item, the profit becomes 4 times. Find the original profit percent (before increasing the selling price)A. 50%B. 100%C. 125%D. 25%

Raj purchased two laptops, first for Rs. 42500 and the second for Rs 36200. He sold first laptop at a profit of 12% and the second laptop at a loss of 12%.What is the overall profit or loss?

A person an article at a loss of 8%. Had he sold it at a gain of 10.5%, he would have received Rs. 74 more. What is the cost price (in Rs.) of the article?

A man sold 400 chairs and had a gain equal to selling price of 50 chairs. What is his profit percentage?

A man bought an article and sold it at a gain of 10%. If he had bought the article at 20% less and sold it for Rs. 1,000 more, he would have made a profit of 40%. The earlier selling price of the article (in Rs.) is:

An item is sold for Rs. 7130 making a 15% profit. What is the cost price (in Rs.) of this item?

An article is sold for Rs. 612 after successive discounts of 25% and 15%. What is the marked price of the article?

A person sold an article at a loss of 15%. Had he sold it for Rs. 30.60 more, he would have gained 9%. To gain 10%, he should have sold it for:

Consider the following figures A and B:The manufacturing cost and projected sales for a product are shown in the above figures A and B respectively. What is the minimum number of pieces that should be manufactured to avoid a loss?

A person sells wheat at a profit of 30%. If he reduces its selling price by Rs. 60, then he suffers a loss of 10%. What was the initial selling price (in Rs.) of the wheat?

P and Q invested in a business in the ratio 5 : 13. Q withdrew his capital after 6 months. If they shared their profit in the ratio 25 : 26, for how long was P's amount used?

M sold an article to N at 30% profit. N sold it to P at 20% profit. N’s profit was Rs. 20 less than M’s profit. Find M’s cost price.

A shop keeper buys an article for Rs. 440 and his overhead expenses are Rs. 60. If he sells the article for Rs. 550, then his profit % is :

If some articles are bought at Rs. 8 each and sold at Rs. 5 each, then what is the loss percentage?

A sells an article to B at 20% profit; B sells it to C at a loss of 10% and C sells it to D at a profit of 12%. If C earns a profit of Rs 915.20 less than what A earns, then what is the cost price of the article for B?

An item is sold at two successive gains of 30% and 20%. If the final selling price is Rs. 31200, then what is the cost price (in Rs.)?

Mr. Kiran sold a bus for Rs. 18,700 at a loss of 15%. At what price should the bus be sold to get a profit of 15%?

A merchant lost Rs. 51 by selling 17 bags of the rice for Rs. 1020. What was the cost price per bag?

A dealer sells two machines at Rs. 12000 each. On one it gains 32% and on the other it loses 32%. What is its profit/loss percentage in the whole transaction?

A seller expects a 32% return on his purchase price. If its sales in one day were 528. What was his profit amount?A. Rs. 120B. Rs. 128C. Rs. 132D. Rs. 140

Liza allows 20% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a suit for her marked price at Rs. 6600?

A and B enter into a partnership with capital in the ratio 5 : 6. After 4 months, A withdraws \(\frac{1}{5}\) of his capital, while B increases his capital by \(33 \frac{1}{3}\)%. What is the share of B(in Rs. lakhs) in the annual profit of Rs. 6.3 lakhs?

A sells 2 TV sets at same price, one at a loss of 15% and another at a profit of 15%. Find the loss/gain percentage in the overall transaction?

By selling an article for Rs. 144, a shopkeeper loses 28%. What is the selling price for bringing down the loss to 14%?

Marked price of a wheelchair is Rs 9060. The shopkeeper offered a discount of 20% and gained 51%. If no discount is allowed, find his gain percentage?

A trader allows two successive discounts of 30% and 40% on selling an article. If he sells that article for Rs. 840, then what is the marked price (in Rs) of the article?

If the CP of an item is Rs. 950 and the profit is 30% then find the SP.

If the selling price of a book after 10% discount is Rs. 486, then the marked price of the book is:

An article is sold for Rs 5330 after a discount of 18%. What is the marked price (in Rs) of the article?

In a shop, shirts are usually sold at 40% above the cost price. During a sale, the shopkeeper offers a discount of 10% on the usual selling price. If he manages to sell 72 shirts for Rs. 13,608, then the cost price per shirt is

P bought an article at a discount of 20% on the selling price and sold it at a profit of 15% more than the selling price. Find his gain percentage.

An oil reﬁnery buys oil at Rs. 3600 per barrel. There is 10% wastage. If the reﬁnery wants to earn 5% proﬁt then at what price should it sell including 8% tax on selling price? (in Rs. per barrel)

If the price of pen decreases by 20%, then a man can buy 10 more pens for Rs 100. What is the new price (in Rs.) of each pen?

A trader makes a profit of 5% by selling his goods. What will be the percentage of his profit if both his purchase price and the selling price increase by 20%.

C and D started a business by investing Rs. 4000 and Rs. 5000 respectively. After 3 months, C withdraws Rs. 1000 while D invest Rs. 1000 more after 6 months of the starting of business. At the end of the year C’s share is Rs. 3900. What will be the total profit (in Rs.) at the end of year?

A factory outlet has decided to dispose of its old stock by selling each set of cups for ₹ 287 and recovering only the variable cost. If the fixed cost is 18% of the total cost, what was the cost price of each set of cups?

Anikitha sold her text book for a loss of 15%. If she would have sold the textbook for an increased price of Rs. 150, there would have been gain of 10%. What was the cost price of the text book? (Used)

On selling 120 bottles, Vijay earns a profit equal to the cost price of 10 bottles. What is the profit percentage?

On selling an article for Rs. 340, a shopkeeper loses 15%. For how much (in Rs.) he should sell the article in order to earn a profit of 20%?

On selling a book at 9/14 of the marked price, there is a loss of 10%. What will be the ratio of marked price and cost price of the book?

A profit of 25% is made after giving a discount of 5% on an article. If the marked price of the article is Rs. 2625, then what is its cost price (in Rs)?

A trader allowed a discount of 15% on a trolley bag having list price of Rs 1360 and earns a profit of 15.6%. What is the cost price (in Rs) of the trolley bag?