3305 + Mcqs in Profit And Loss Page 40 McqOptions

1951.	A man sells a table for Rs. 4200 at 25% loss. At what price must he sell to get a profit of 25%?
A.	1,400
B.	8,400
C.	7,000
D.	5,600
Answer» D. 5,600

Discussion

1952.	‘A’ sells a bicycle to ‘B’ at a profit of 25% and B sells it to C at a profit of 25%. If C pays Rs. 2,500, what did A pay for it?
A.	Rs. 1625
B.	Rs. 1500
C.	Rs. 1600
D.	Rs. 1300
Answer» D. Rs. 1300

Discussion

1953.	A shopkeeper buys 50 kg of sugar from a dealer, keeps 5 kg for his own use, and tries to sell the rest at a certain fixed price. He sells 15 kg at that fixed price. Then, he offers a discount of 10% and sells 10 kg at this discounted price. Finally, he offers an additional 25% discount over the discounted price and manages to sell all the sugar he had left with him. He gets a total of Rs.1,875 after selling the sugar and makes an overall profit of 20%. If he could have sold the entire 50 kg sugar at its original fixed price without any discount, then what would have been his profit percentage?
A.	50%
B.	65%
C.	60%
D.	45%
Answer» D. 45%

Discussion

1954.	A single discount equivalent to three successive discounts of 8%, 15% and 12% is:
A.	68.816%
B.	31.184%
C.	17.5%
D.	35%
Answer» C. 17.5%

Discussion

1955.	An article is marked 35% above its cost. If a profit of 20% is earned by selling the article, then the discount per cent offered on the marked price of the article is:
A.	\(11\frac{1}{9}\%\)
B.	15%
C.	12%
D.	\(10\frac{1}{9}\%\)
Answer» B. 15%

Discussion

1956.	Akash purchased an article at a discount of 40% and sold to Vinay at 10% profit. What is the ratio between the marked price and the price for which Vinay purchased the article?
A.	11 ∶ 5
B.	50 ∶ 33
C.	11 ∶ 7
D.	25 ∶ 16
Answer» C. 11 ∶ 7

Discussion

1957.	A and B started a business in partnership investing Rs, 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B's share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?
A.	Rs. 7500
B.	Rs. 9000
C.	Rs. 9500
D.	Rs. 10,000
Answer» B. Rs. 9000

Discussion

1958.	3 friends A, B and C are working in a company. The salary of A is Rs. 45000 per month. C's monthly salary is 3/5 of B's monthly salary. B's monthly salary is double of A's monthly salary. What is the total salary of A, B and C per month ?
A.	Rs. 1,80,000
B.	Rs. 1,90,000
C.	Rs. 1,89,000
D.	Rs. 1,79,000
Answer» D. Rs. 1,79,000

Discussion

1959.	Marked price of an article is 50% more than its cost price. If a discount of 10% is given, then what will be the profit percentage?
A.	35
B.	40
C.	45
D.	30
Answer» B. 40

Discussion

1960.	A person makes a profit of 17% after allowing 10% discount on its marked price. If he gives 14% discount on the marked price, then his profit percent is:
A.	11.8
B.	14.6
C.	10.6
D.	23.8
Answer» B. 14.6

Discussion

1961.	Ram makes a profit of 30% by selling an article. What would be the profit percent if it were calculated on the selling price instead of the cost price? (correct to one decimal place)
A.	24.2%
B.	20.1%
C.	22.4%
D.	23.1%
Answer» E.

Discussion

1962.	Amar purchased a bag for Rs. 600/- and sold it for Rs. 540/-. What is his loss percentage?
A.	5%
B.	15%
C.	10%
D.	20%
Answer» D. 20%

Discussion

1963.	A started a trading firm by investing Rs. 10 lakhs. After 4 months, B joined the business by investing Rs. 15 lakhs then 2 months after B joined C too joined them by investing Rs. 20 lakhs. 1 year after A started the business they made Rs. 6,00,000 in profit. What is C's share of the profit (in Rs.)?
A.	2,00,000
B.	1,00,000
C.	1,50,000
D.	3,00,000
Answer» B. 1,00,000

Discussion

1964.	P and Q starts a business with investment of Rs. 28000 and Rs. 42000 respectively. P invests for 8 months and Q invests for one year. If the total profit at the end of the year is Rs. 21125, then what is the share of P?
A.	Rs. 12625
B.	Rs. 14625
C.	Rs. 6500
D.	Rs. 8750
Answer» D. Rs. 8750

Discussion

1965.	A shopkeeper buys an induction cooker for Rs. 2750 and sells it for Rs. 2860. Find his gain percentage.A. 1%B. 2%C. 3%D. 4%
A.	D
B.	C
C.	B
D.	A
Answer» B. C

Discussion

1966.	A person bought an item without getting a discount of 28%, so he had to pay Rs. 1960 more. How much (in Rs.) did he pay for the material if he got the discount?
A.	Rs. 6000
B.	Rs. 5160
C.	Rs. 5040
D.	Rs. 7000
Answer» D. Rs. 7000

Discussion

1967.	After buying a toy for Rs. 45, Raghu managed to sell it at a profit of 15%. The selling price of the toy was:
A.	Rs. 50.75
B.	Rs. 60
C.	Rs. 51.25
D.	Rs. 51.75
Answer» E.

Discussion

1968.	A started a business with Rs.45,000 and B joined afterward with Rs.30,000. If the profit at the end of of one year was divided in the ratio 2 ∶ 1 respectively, then B would have joined A for business after how many month?
A.	3 months
B.	2 months
C.	4 months
D.	1 month
Answer» B. 2 months

Discussion

1969.	Marked price of an article is Rs. 3500. It was sold at a discount of 14.28%. If there was a loss of 20%, then what was the cost price (in Rs) of the article?
A.	3500
B.	3750
C.	4000
D.	4250
Answer» C. 4000

Discussion

1970.	From a container having pure milk, 25% of milk is replaced by water and the process is carried out three times. At the end of the third replacement, the milk percentage in the container is approximately:
A.	42.19%
B.	56.25%
C.	75%
D.	45.87%
Answer» B. 56.25%

Discussion

1971.	A person sells an article on the price that is obtained after reducing its marked price by Rs. 640, and gains 15%. If the cost price of the article is Rs. 4800, what percentage of profit will he get if he sells it at the marked price?
A.	\(28\frac{1}{3}\)
B.	\(30\frac{7}{{16}}\)
C.	\(26\frac{1}{4}\)
D.	\(30\frac{5}{{12}}\)
Answer» B. \(30\frac{7}{{16}}\)

Discussion

1972.	A watch is sold at a profit of 20%. If both the cost price and selling price are reduced by Rs. 100, then the profit would be 25% more. Find the original cost price of the watch.
A.	Rs. 550
B.	Rs. 450
C.	Rs. 600
D.	Rs. 500
Answer» E.

Discussion

1973.	Qamar gained 21% on the resale of a used stereo. If he purchased the item for Rs. 1,500, how much did he sell it for?
A.	Rs. 1,621
B.	Rs. 1,755
C.	Rs. 1,695
D.	Rs. 1,815
Answer» E.

Discussion

1974.	A and B starts a business with investment of Rs. 28000 and Rs. 42000 respectively. A invests for 8 months and B invests for one year. If the total profit at the end of year is Rs. 21125, then what is the share of B?
A.	Rs. 14625
B.	Rs. 12625
C.	Rs. 13575
D.	Rs. 14285
Answer» B. Rs. 12625

Discussion

1975.	A fan costing Rs. 1200 is being sold for Rs. 1500. What is the profit percentage?
A.	20
B.	10
C.	12.5
D.	25
Answer» D. 25

Discussion

1976.	A, B and C are partners in a business. A has invested Rs. 350, B has invested Rs. 450, C has invested Rs. 550. If at the year-end profit earned is Rs. 405, then C would earn how much profit.
A.	Rs. 138
B.	Rs. 285
C.	Rs. 340
D.	Rs. 165
Answer» E.

Discussion

1977.	A man bought 60 shares of Rs. 80 at 10% discount. The rate of dividend was 12.5% . The rate of interest obtained was:
A.	15.00%
B.	\(12 \dfrac{4}{7}\%\)
C.	13.88%
D.	13.25%
Answer» D. 13.25%

Discussion

1978.	A customer is given a discount of \(2\frac{1}{2}\) % on the marked price of an item. He purchased it in ₹ 39. Marked price of the item is:
A.	₹36.5
B.	₹42
C.	₹40
D.	₹41.5
Answer» D. ₹41.5

Discussion

1979.	How many kg of rice costing Rs. 42 per kg should be mixed with \(7\frac{1}{2}\) kg rice costing Rs. 50 per kg so that by selling the mixture at Rs. 53.10 per kg, there is gain of 18%?
A.	\(12\frac{1}{2}\)
B.	\(10\frac{1}{2}\)
C.	8
D.	9
Answer» B. \(10\frac{1}{2}\)

Discussion

1980.	A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be:
A.	100
B.	120
C.	40
D.	140
Answer» E.

Discussion

1981.	A, B and C invest to start a restaurant. The total investment was Rs. 3 lakhs. B invested Rs. 50,000 more than A and C invested Rs. 25,000 less than B. If the profit at the end of the year was Rs. 14,400 then what is C's share of the profit (in Rs)?
A.	3600
B.	4800
C.	6000
D.	7200
Answer» C. 6000

Discussion

1982.	Atul bought a bicycle at three-fourth price of its marked price and sold it at 20% more than its marked price. What will be the profit percentage?
A.	35%
B.	55%
C.	60%
D.	75%
Answer» D. 75%

Discussion

1983.	A sells vegetables at a price, 35% more than its cost price and for weighing uses a weight which is 10% less than the article weight. What is total profit percentage?
A.	50
B.	35
C.	45
D.	55
Answer» B. 35

Discussion

1984.	An article was sold at a gain of 16%. If it had been sold for Rs. 36 more, the gain would have been 20%. The cost price of the article is
A.	Rs. 862
B.	Rs. 900
C.	Rs. 810
D.	Rs. 720
Answer» C. Rs. 810

Discussion

1985.	On selling an article for Rs. 2400 a trader earns 25% profit. If he had sold it for Rs. 2160, then what was his profit or loss percentage?
A.	\(12\frac{1}{2}\%\) Loss
B.	15% profit
C.	15% loss
D.	\(12\frac{1}{2}\%\) Profit
Answer» E.

Discussion

1986.	A tradesman marks his goods at 40% above its cost price and allows purchasers a discount of 25% on cash payment. The profit, he thus makes, is
A.	5%
B.	10%
C.	12.5%
D.	20%
E.	16%
Answer» B. 10%

Discussion

1987.	Ashok brought a gift article and spent Rs. 110 on its repair. He then sold it to Bhushan at a profit of 20%. Bhushan sold it to Charan at a loss of 10%, and Charan sold the same for Rs. 1188 at a profit of 10%. How much did Ashok pay for the article?
A.	Rs. 790
B.	Rs. 890
C.	Rs. 690
D.	Rs. 990
Answer» C. Rs. 690

Discussion

1988.	A shopkeeper allows two successive discounts of 30% and 20% on selling an article. If he gets Rs. 224 for the article, then what is the marked price (in Rs.) of the article?
A.	400
B.	420
C.	380
D.	450
Answer» B. 420

Discussion

1989.	A shopkeeper buys an article for Rs 360. He wants to make a profit of 25% on it after a discount of 10%. The Marked Price is:‐
A.	Rs. 486
B.	Rs. 450
C.	Rs. 500
D.	Rs. 460
Answer» D. Rs. 460

Discussion

1990.	Mohit bought a stereo for Rs. 5,863 & spent Rs. 1,370 on its repairs then sold it for Rs. 5,700 what is his loss percent?
A.	6%
B.	4%
C.	21.19%
D.	3%
Answer» D. 3%

Discussion

1991.	A man bought three articles for 30,000 each. He sold the articles respectively at 10% profit, 5% profit and 15% loss. The total percentage profit/loss he earned is:
A.	5% profit
B.	10% loss
C.	5% loss
D.	No profit no loss
Answer» E.

Discussion

1992.	A dealer claims to sell his goods at cost price but uses a weight of 80 gm for 100 gm. What is the proﬁt percentage for the dealer?
A.	12.5
B.	10
C.	20
D.	25
Answer» E.

Discussion

1993.	Proﬁt of Rs. 49,800 has to be divided between three partners A, B and C in the ratio 4 : 7 : 9. How much does B (in Rs) get?
A.	17430
B.	9960
C.	18450
D.	22410
Answer» B. 9960

Discussion

1994.	A man could not decide between discount of 30% or two successive discounts of 25% and 5%, both given on a shopping of Rs. 2,000. What is the difference between both the discounts?
A.	Rs. 20
B.	Rs. 15
C.	No difference
D.	Rs. 25
Answer» E.

Discussion

1995.	A man sells a mobile. If the percentage of profit earned by selling the mobile for Rs. 22,000 is equal to the percentage of loss suffered by selling the same mobile for Rs. 18,000, then what will be the selling price of the mobile to gain 35% profit?
A.	Rs. 25,000
B.	Rs. 17,000
C.	Rs. 23,000
D.	Rs. 27,000
Answer» E.

Discussion

1996.	If two successive discounts of 40% and 20% are given, then what is the net discount?
A.	56
B.	68
C.	52
D.	60
Answer» D. 60

Discussion

1997.	If 0.8 × cost price = 0.6 × selling price, the what is the proﬁt percentage?
A.	33.33
B.	25
C.	20
D.	10
Answer» B. 25

Discussion

1998.	A shopkeeper offers the following 3 schemes. Which scheme has the lowest discount percentage (all articles have same marked price)?I. Two successive discounts of 10% and 10%II. Buy 7 get 8III. Buy 9 get 1 free
A.	Only II
B.	Only III
C.	Only II and III
D.	All are equal.
Answer» C. Only II and III

Discussion

1999.	A trader allows two successive discounts of 20% and 10% while selling an article. If he gets Rs. 720 for that article, then what is the marked price of the article?
A.	1000
B.	1150
C.	960
D.	1200
Answer» B. 1150

Discussion

2000.	A person bought a table and a chair for Rs. 6,000. He sold the table at a gain of 20% and the chair at a loss of 10%, thereby gaining 4% on the whole. What is the difference between the cost the table and chair?
A.	Rs. 320
B.	Rs. 360
C.	Rs. 400
D.	Rs. 480
Answer» D. Rs. 480

Discussion

Explore topic-wise MCQs in Arithmetic Ability.

A man sells a table for Rs. 4200 at 25% loss. At what price must he sell to get a profit of 25%?

‘A’ sells a bicycle to ‘B’ at a profit of 25% and B sells it to C at a profit of 25%. If C pays Rs. 2,500, what did A pay for it?

A single discount equivalent to three successive discounts of 8%, 15% and 12% is:

An article is marked 35% above its cost. If a profit of 20% is earned by selling the article, then the discount per cent offered on the marked price of the article is:

Akash purchased an article at a discount of 40% and sold to Vinay at 10% profit. What is the ratio between the marked price and the price for which Vinay purchased the article?

A and B started a business in partnership investing Rs, 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B's share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business?

3 friends A, B and C are working in a company. The salary of A is Rs. 45000 per month. C's monthly salary is 3/5 of B's monthly salary. B's monthly salary is double of A's monthly salary. What is the total salary of A, B and C per month ?

Marked price of an article is 50% more than its cost price. If a discount of 10% is given, then what will be the profit percentage?

A person makes a profit of 17% after allowing 10% discount on its marked price. If he gives 14% discount on the marked price, then his profit percent is:

Ram makes a profit of 30% by selling an article. What would be the profit percent if it were calculated on the selling price instead of the cost price? (correct to one decimal place)

Amar purchased a bag for Rs. 600/- and sold it for Rs. 540/-. What is his loss percentage?

P and Q starts a business with investment of Rs. 28000 and Rs. 42000 respectively. P invests for 8 months and Q invests for one year. If the total profit at the end of the year is Rs. 21125, then what is the share of P?

A shopkeeper buys an induction cooker for Rs. 2750 and sells it for Rs. 2860. Find his gain percentage.A. 1%B. 2%C. 3%D. 4%

A person bought an item without getting a discount of 28%, so he had to pay Rs. 1960 more. How much (in Rs.) did he pay for the material if he got the discount?

After buying a toy for Rs. 45, Raghu managed to sell it at a profit of 15%. The selling price of the toy was:

A started a business with Rs.45,000 and B joined afterward with Rs.30,000. If the profit at the end of of one year was divided in the ratio 2 ∶ 1 respectively, then B would have joined A for business after how many month?

Marked price of an article is Rs. 3500. It was sold at a discount of 14.28%. If there was a loss of 20%, then what was the cost price (in Rs) of the article?

From a container having pure milk, 25% of milk is replaced by water and the process is carried out three times. At the end of the third replacement, the milk percentage in the container is approximately:

A person sells an article on the price that is obtained after reducing its marked price by Rs. 640, and gains 15%. If the cost price of the article is Rs. 4800, what percentage of profit will he get if he sells it at the marked price?

A watch is sold at a profit of 20%. If both the cost price and selling price are reduced by Rs. 100, then the profit would be 25% more. Find the original cost price of the watch.

Qamar gained 21% on the resale of a used stereo. If he purchased the item for Rs. 1,500, how much did he sell it for?

A and B starts a business with investment of Rs. 28000 and Rs. 42000 respectively. A invests for 8 months and B invests for one year. If the total profit at the end of year is Rs. 21125, then what is the share of B?

A fan costing Rs. 1200 is being sold for Rs. 1500. What is the profit percentage?

A, B and C are partners in a business. A has invested Rs. 350, B has invested Rs. 450, C has invested Rs. 550. If at the year-end profit earned is Rs. 405, then C would earn how much profit.

A man bought 60 shares of Rs. 80 at 10% discount. The rate of dividend was 12.5% . The rate of interest obtained was:

A customer is given a discount of \(2\frac{1}{2}\) % on the marked price of an item. He purchased it in ₹ 39. Marked price of the item is:

How many kg of rice costing Rs. 42 per kg should be mixed with \(7\frac{1}{2}\) kg rice costing Rs. 50 per kg so that by selling the mixture at Rs. 53.10 per kg, there is gain of 18%?

A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be:

A, B and C invest to start a restaurant. The total investment was Rs. 3 lakhs. B invested Rs. 50,000 more than A and C invested Rs. 25,000 less than B. If the profit at the end of the year was Rs. 14,400 then what is C's share of the profit (in Rs)?

Atul bought a bicycle at three-fourth price of its marked price and sold it at 20% more than its marked price. What will be the profit percentage?

A sells vegetables at a price, 35% more than its cost price and for weighing uses a weight which is 10% less than the article weight. What is total profit percentage?

An article was sold at a gain of 16%. If it had been sold for Rs. 36 more, the gain would have been 20%. The cost price of the article is

On selling an article for Rs. 2400 a trader earns 25% profit. If he had sold it for Rs. 2160, then what was his profit or loss percentage?

A tradesman marks his goods at 40% above its cost price and allows purchasers a discount of 25% on cash payment. The profit, he thus makes, is

Ashok brought a gift article and spent Rs. 110 on its repair. He then sold it to Bhushan at a profit of 20%. Bhushan sold it to Charan at a loss of 10%, and Charan sold the same for Rs. 1188 at a profit of 10%. How much did Ashok pay for the article?

A shopkeeper allows two successive discounts of 30% and 20% on selling an article. If he gets Rs. 224 for the article, then what is the marked price (in Rs.) of the article?

A shopkeeper buys an article for Rs 360. He wants to make a profit of 25% on it after a discount of 10%. The Marked Price is:‐

Mohit bought a stereo for Rs. 5,863 & spent Rs. 1,370 on its repairs then sold it for Rs. 5,700 what is his loss percent?

A man bought three articles for 30,000 each. He sold the articles respectively at 10% profit, 5% profit and 15% loss. The total percentage profit/loss he earned is:

A dealer claims to sell his goods at cost price but uses a weight of 80 gm for 100 gm. What is the proﬁt percentage for the dealer?

Proﬁt of Rs. 49,800 has to be divided between three partners A, B and C in the ratio 4 : 7 : 9. How much does B (in Rs) get?

A man could not decide between discount of 30% or two successive discounts of 25% and 5%, both given on a shopping of Rs. 2,000. What is the difference between both the discounts?

A man sells a mobile. If the percentage of profit earned by selling the mobile for Rs. 22,000 is equal to the percentage of loss suffered by selling the same mobile for Rs. 18,000, then what will be the selling price of the mobile to gain 35% profit?

If two successive discounts of 40% and 20% are given, then what is the net discount?

If 0.8 × cost price = 0.6 × selling price, the what is the proﬁt percentage?

A shopkeeper offers the following 3 schemes. Which scheme has the lowest discount percentage (all articles have same marked price)?I. Two successive discounts of 10% and 10%II. Buy 7 get 8III. Buy 9 get 1 free

A trader allows two successive discounts of 20% and 10% while selling an article. If he gets Rs. 720 for that article, then what is the marked price of the article?

A person bought a table and a chair for Rs. 6,000. He sold the table at a gain of 20% and the chair at a loss of 10%, thereby gaining 4% on the whole. What is the difference between the cost the table and chair?