What is the percent profit earned by the shopkeeper on selling the articles in his shop? I. Labeled price of the articles sold was 130% of the cost price. II. Cost price of each article was Rs. 550. III. A discount of 10% on labeled price was offered.

Question cannot be answer even with information in all the three statements.

A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage. I. The rate of X is Rs. 20 per kg. II. The rate of Y is Rs. 13 per kg.

Both I and II are necessary to answer

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

By selling a product with 20% profit, how much profit was earned? I. The difference between cost and selling price is Rs. 40. II. The selling price is 120 percent of the cost price.

II alone sufficient while I alone not sufficient to answer

I alone sufficient while II alone not sufficient to answer

II alone sufficient while I alone not sufficient to answer

Either I or II alone sufficient to answer

Both I and II are not sufficient to answer

Both I and II are necessary to answer

3305 + Mcqs in Profit And Loss in Arithmetic Ability Page 1 McqOptions

1.	What was the percentage of discount given?_x000D_ I. _x000D_ 23.5% profit was earned by selling an almirah for Rs. 12,350._x000D_ II. _x000D_ If there were no discount, the earned profit would have been 30%._x000D_ III. _x000D_ The cost price of the almirah was Rs. 10,000.
A.	Only I and II
B.	Only II and III
C.	Only I and III
D.	Any two of the three
E.	None of these
Answer» F.

Discussion

2.	What is the percent profit earned by the shopkeeper on selling the articles in his shop? I. Labeled price of the articles sold was 130% of the cost price. II. Cost price of each article was Rs. 550. III. A discount of 10% on labeled price was offered.
A.	Only I
B.	Only II
C.	I and III
D.	All the three are required
E.	Question cannot be answer even with information in all the three statements.
Answer» D. All the three are required

Discussion

3.	By selling an article what is the profit percent gained? I. 5% discount is given on list price. II. If discount is not given, 20% profit is gained. III. The cost price of the articles is Rs. 5000.
A.	Only I and II
B.	Only II and III
C.	Only I and III
D.	All I, II and III
E.	None of these
Answer» B. Only II and III

Discussion

4.	A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage. I. The rate of X is Rs. 20 per kg. II. The rate of Y is Rs. 13 per kg.
A.	I alone sufficient while II alone not sufficient to answer
B.	II alone sufficient while I alone not sufficient to answer
C.	Either I or II alone sufficient to answer
D.	Both I and II are not sufficient to answer
E.	Both I and II are necessary to answer
Answer» E. Both I and II are necessary to answer

Discussion

5.	A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary? I. Sale price of the article II. Number of articles sold
A.	Only I is necessary
B.	Only II is necessary
C.	Either I or II is necessary
D.	Both I and II are necessary
E.	None of these
Answer» E. None of these

Discussion

6.	By selling a product with 20% profit, how much profit was earned? I. The difference between cost and selling price is Rs. 40. II. The selling price is 120 percent of the cost price.
A.	I alone sufficient while II alone not sufficient to answer
B.	II alone sufficient while I alone not sufficient to answer
C.	Either I or II alone sufficient to answer
D.	Both I and II are not sufficient to answer
E.	Both I and II are necessary to answer
Answer» B. II alone sufficient while I alone not sufficient to answer

Discussion

7.	A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary? I. Number of toys sold. II. Cost price of each toy.
A.	Only I is necessary
B.	Only II is necessary
C.	Both I and II are necessary
D.	Either I or II ins necessary
E.	None of these
Answer» C. Both I and II are necessary

Discussion

8.	Divide Rs. 305 into three parts, so that 3/7 of the first, 2/3 of the second and 4/5 of the third are equal. Find the share of the third one.
A.	Rs. 62
B.	Rs. 72
C.	Rs. 75
D.	Rs. 40
Answer» D. Rs. 40

Discussion

9.	If 20% of marked price is equal to 30% of cost price. If no discount is given, then what will be the profit percentage?
A.	50
B.	40
C.	48
D.	45
Answer» B. 40

Discussion

10.	A shopkeeper cheats to the extent of 8% while buying and selling fruits, by using tampered weights, his total gain in percentage is :
A.	16.25
B.	17.39
C.	16.75
D.	16.5
Answer» C. 16.75

Discussion

11.	A shopkeeper buys a fan for Rs 14500. For how much should he sell (in Rs) it to gain a profit of 10%?
A.	15950
B.	13050
C.	16050
D.	15450
Answer» B. 13050

Discussion

12.	A dealer allows a 36% discount on the marked price of an article and still gains 28%. If the cost price of the article is reduced by 10%, how much discount percent should he allow now so as to get the same percentage of profit as before?
A.	45.8%
B.	54.2%
C.	57.2%
D.	42.4%
Answer» E.

Discussion

13.	Difference between selling prices of an article at profits of 5% and 10% is Rs. 30. Then cost price of the article is:
A.	Rs. 600
B.	Rs. 1200
C.	Rs. 500
D.	Rs. 900
Answer» B. Rs. 1200

Discussion

14.	By selling 30 articles, a shopkeeper gains the selling price of 9 articles. His gain percent is:
A.	30
B.	39
C.	\(42\frac{6}{7}\)
D.	\(40\frac{3}{7}a\)
Answer» D. \(40\frac{3}{7}a\)

Discussion

15.	In what ratio tea at Rs. 240/kg should be mixed with tea at Rs. 280/kg so that on selling the mixture at Rs. 324/kg there is a profit of 20%?
A.	1 : 1
B.	1 : 2
C.	1 : 3
D.	1 : 4
Answer» D. 1 : 4

Discussion

16.	Mohan bought a trouser at 10% discount and sold it to Sohan at a loss of 10%. If Sohan paid Rs. 729 for the trouser to Mohan, then what was the undiscounted price of the trouser?
A.	Rs. 900/-
B.	Rs. 800/-
C.	Rs. 1000/-
D.	Rs. 911.25/-
Answer» B. Rs. 800/-

Discussion

17.	A shopkeeper purchased a chair marked at Rs. 900 at two successive discount of 25% and 15% respectively. He spent Rs. 26.25 on transportation and sold the chair for Rs. 735. His gain percentage was?
A.	20%
B.	22.5%
C.	25%
D.	30%
E.	32.5%
Answer» C. 25%

Discussion

18.	A trader goes to a wholesaler to buy 500 kg of merchandise. The wholesaler has a weighing balance that reads 1200 gm for a kg. Later, the trader sells 5 kg to a customer after marking up his cost price by 25% (without realizing that he was cheated by the wholesaler). What is the net gain or loss percent for the trader (approximately)?
A.	0 %
B.	20 % gain
C.	3 % loss
D.	4.17 % gain
Answer» E.

Discussion

19.	If loss is \(\frac{1}{3}\) of S.P., the loss percentage is?
A.	\(33\frac{1}{3}\% \)
B.	20%
C.	\(16\frac{2}{3}\% \)
D.	25%
Answer» E.

Discussion

20.	Ramesh sold a piece of land to Ramjan at a price 10% more than what he paid for it while buying. After a certain period, Ramjan sold it to Ramesh at a price 10% more than what he paid while buying it from Ramesh. The price paid by Ramesh for buying the land for the second time is what % more than what he paid for it while buying for the first time ?
A.	20%
B.	21%
C.	22%
D.	23%
Answer» C. 22%

Discussion

21.	In what ratio, sugar costing Rs. 60 per kg be mixed with sugar costing Rs. 42 per kg such that by selling the mixture at Rs. 56 per kg there is a gain of 12%?
A.	5 : 6
B.	5 : 7
C.	8 : 9
D.	4 : 5
Answer» E.

Discussion

22.	A person sells the article at 20% profit. Had he purchased it for Rs.________ less and sold for Rs. ________ less then he would have gained 10% more profit. The cost price of the article is Rs. 500.Which of the following options satisfies the two blanks in the question?A. 200, 180B. 100, 112C. 150, 145D. 50, 20
A.	Only A
B.	Only B
C.	Only C
D.	Only D
E.	Both C and D
Answer» D. Only D

Discussion

23.	A businessman imported Laptops, worth Rs 210000, Mobile phones worth Rs 100000 and Television sets worth Rs 150000. He had to pay 10% duty on laptops, 8% on Phones and 5% on Television sets as a special case. How much total duty (in Rupees) he had to pay on all items as per above details?
A.	36500
B.	37000
C.	37250
D.	37500
Answer» B. 37000

Discussion

24.	If 3 mangoes are sold for the cost price of 4 mangoes, then the profit is
A.	16\(\frac{1}{3}\)%
B.	33\(\frac{1}{4}\)%
C.	33\(\frac{1}{3}\)%
D.	40\(\frac{1}{2}\)%
Answer» D. 40\(\frac{1}{2}\)%

Discussion

25.	If a discount of 10% is allowed on the marked price of an article. A shopkeeper gets a profit of 25%. If he offers a discount of 25% on the marked price of the same article, then his percentage profit/loss will be:
A.	4% profit
B.	\(4\frac{1}{6}\%\) loss
C.	\(4\frac{1}{6}\%\) profit
D.	4% loss
Answer» D. 4% loss

Discussion

26.	A, B and C jointly thought of engaging themselves in a business venture. It was agreed that A would invest Rs. 6500 for 6 months, B Rs. 8400 for 5 months and C Rs. 10,000 for 3 months. A wants to be the working member for which, he was to receive 5% of the profits. The profit earned was Rs. 7400. Calculate the share of B in the profit
A.	Rs. 1900
B.	Rs. 2660
C.	Rs. 2800
D.	Rs. 2840
Answer» C. Rs. 2800

Discussion

27.	A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price. What is his overall profit/loss percent?
A.	Profit 3.6%
B.	Loss 2.8%
C.	Loss 3.6%
D.	Profit 2.8%
Answer» B. Loss 2.8%

Discussion

28.	A fruit seller sells mangoes at the rate of Rs. 12 per kg and thereby loses 25%. At what price per kg. should he have sold them to make a profit of 10%?
A.	Rs. 17.8
B.	Rs. 17.50
C.	Rs. 17
D.	Rs. 17.60
Answer» E.

Discussion

29.	A shopkeeper allows a discount of 20% on the marked price. How much above the cost price should he mark his goods to gain 8%?
A.	30%
B.	35%
C.	40%
D.	45%
Answer» C. 40%

Discussion

30.	A shopkeeper sells a product at a price of Rs 1,368 and earns 12.5% proﬁt. What will be the amount equal to half of the purchase price of the product?
A.	Rs. 608
B.	Rs. 604
C.	Rs. 610
D.	Rs. 606
Answer» B. Rs. 604

Discussion

31.	A, B and C start a partnership. They invested Rs. 45000, Rs. 36000 and Rs. 54000 respectively. They stayed in partnership for 4 years, 3 years and 2 years. If B's share in profit is Rs. 1800, then what is the total profit?
A.	Rs. 6000
B.	Rs. 6600
C.	Rs. 7200
D.	Rs. 7000
Answer» C. Rs. 7200

Discussion

32.	By selling 90 chocolates Rs. 160, a chocolate trader loses 20%. How many chocolates should he sell for Rs. 96 to make a profit of 20%?A. 45B. 36C. 54D. 28
A.	C
B.	D
C.	A
D.	B
Answer» E.

Discussion

33.	Five persons A, B, C, D and E start a joint venture. Their investments are as follows:B and C invest equally; D invests half of C and double the investment of A; E invests twice that of B. If E receives Rs. 24,00,000 as his share in the year-end profit, then the total profit (in rupees):
A.	95,00,000
B.	54,00,000
C.	57,00,000
D.	76,00,000
Answer» D. 76,00,000

Discussion

34.	Bharat Electronics purchases plasma TVs in bulk for Rs. 60,000 each. However, the price marked on a plasma TV in Bharat Electronics showroom is Rs. 63,000. How much profit does Bharat Electronics make on Plasma TVs if they are always selling TVs at the maximum retail price?
A.	4%
B.	5%
C.	10%
D.	3%
Answer» C. 10%

Discussion

35.	A and B start a business by investing equal amounts. Four months later, C joins them by investing Rs. 3.5 lakhs. By withdrawing his investment in the business B leaves the business 4 months after C joined. At the end of the year the business makes Rs. 62,400 profit out of which A collects Rs. 24,000 as his share of profit. How much should be paid to C (in Rs.) as his share of profit?
A.	16000
B.	32000
C.	22400
D.	27800
Answer» D. 27800

Discussion

36.	Cost price of a book is Rs. 180. What should be the selling price (in Rs.) of the book to gain 25% profit?
A.	220
B.	225
C.	230
D.	260
Answer» C. 230

Discussion

37.	By selling 4 articles for 1 rupee, a man loses 50%. Had he sold 2 articles per rupee, then what will be the profit percentage?
A.	20
B.	30
C.	25
D.	No profit
Answer» E.

Discussion

38.	By selling a bicycle for Rs. 819, Vinay loses 9%. At what rate should he sell it to make a profit of 5%?
A.	Rs. 965
B.	Rs. 945
C.	Rs. 900
D.	Rs. 968
Answer» C. Rs. 900

Discussion

39.	A dealer marks his goods at 40% above the cost price and allows a discount of 20% on the marked price. What percentage of profit or loss will the dealer have?
A.	Loss of 20%
B.	Gain of 25%
C.	Loss of 12%
D.	Gain of 12%
Answer» E.

Discussion

40.	A shopkeeper increases the cost price of an item by 20% and offers a discount of 10% on this marked price. What is his percentage gain?
A.	15%
B.	12%
C.	10%
D.	8%
Answer» E.

Discussion

41.	A shopkeeper allows a discount of 15% to his customers. If the cost price of an article is Rs. 600 and he intends to make a profit of 70% on his outlay, what should be the marked price of the article?
A.	Rs. 1020
B.	Rs. 1100
C.	Rs. 1200
D.	Rs. 900
Answer» D. Rs. 900

Discussion

42.	A fruit seller purchased 20 kg of apples at Rs. 8 per kg. He found 5% of the apples to be rotten. If he decides to sell the remaining apples at Rs. 11 per kg, what will be his gain percentage?
A.	30.625%
B.	40.625%
C.	50.625%
D.	60.625%
Answer» B. 40.625%

Discussion

43.	An article when discounted by 31% costs Rs. 621. What was its actual price?
A.	Rs. 1310
B.	Rs. 900
C.	Rs. 913.51
D.	Rs. 192.51
Answer» C. Rs. 913.51

Discussion

44.	Jalal, Amit and Feroz enter into partnership. Jalal invest 4 times as much as Amit and Amit invest ¾ of what Feroz invests. At the end of the financial year, the total profit earned is Rs. 19,000. Find the share for Jalal?
A.	Rs. 15,000
B.	Rs. 12,000
C.	Rs. 13,000
D.	Rs. 10,000
Answer» C. Rs. 13,000

Discussion

45.	If a woman purchases 14 apples for Rs. 13 and sells 13 apples for 14, then what will be her profit or loss percentage?
A.	13.77 profit
B.	15.97 profit
C.	14.28 loss
D.	12.5 loss
Answer» C. 14.28 loss

Discussion

46.	A man sells a product for Rs. 333 with a profit of 10%. What is the cost price of the product?
A.	Rs. 290
B.	Rs. 298
C.	Rs. 299
D.	Rs. 302.73
Answer» E.

Discussion

47.	A shopkeeper sells a radio for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. What is his total gain or loss per cent?
A.	16% gain
B.	\(5\frac{{15}}{{17}}\% \) loss
C.	16% loss
D.	\(5\frac{{15}}{{17}}\% \) gain
Answer» E.

Discussion

48.	A invested a sum of Rs. 38,000 in a business. After a few months, B joined him with a sum of Rs. 28,500. At the end of the year, the total profit was divided between A and B in the ratio 2 : 1. After how many months did B join A?
A.	8
B.	6
C.	4
D.	3
Answer» D. 3

Discussion

49.	If a shopkeeper sells an item that is marked as Rs. 3685 for Rs. 2845, then how much discount is he offering ?
A.	29.52%
B.	22.795%
C.	34.87%
D.	26.59%
Answer» C. 34.87%

Discussion

50.	Mohit and Sumit start a business with investment of ₹ 74000 and ₹ 96000 respectively. If at the end of the year they earn profit in the ratio of 5 : 8, then what will be ratio of the time period for which they invest their money?
A.	37 : 32
B.	13 : 18
C.	25 : 32
D.	30 : 37
Answer» E.

Discussion

Explore topic-wise MCQs in Arithmetic Ability.

What was the percentage of discount given?_x000D_ I. _x000D_ 23.5% profit was earned by selling an almirah for Rs. 12,350._x000D_ II. _x000D_ If there were no discount, the earned profit would have been 30%._x000D_ III. _x000D_ The cost price of the almirah was Rs. 10,000.

What is the percent profit earned by the shopkeeper on selling the articles in his shop? I. Labeled price of the articles sold was 130% of the cost price. II. Cost price of each article was Rs. 550. III. A discount of 10% on labeled price was offered.

By selling an article what is the profit percent gained? I. 5% discount is given on list price. II. If discount is not given, 20% profit is gained. III. The cost price of the articles is Rs. 5000.

A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage. I. The rate of X is Rs. 20 per kg. II. The rate of Y is Rs. 13 per kg.

A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary? I. Sale price of the article II. Number of articles sold

By selling a product with 20% profit, how much profit was earned? I. The difference between cost and selling price is Rs. 40. II. The selling price is 120 percent of the cost price.

A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary? I. Number of toys sold. II. Cost price of each toy.

Divide Rs. 305 into three parts, so that 3/7 of the first, 2/3 of the second and 4/5 of the third are equal. Find the share of the third one.

If 20% of marked price is equal to 30% of cost price. If no discount is given, then what will be the profit percentage?

A shopkeeper cheats to the extent of 8% while buying and selling fruits, by using tampered weights, his total gain in percentage is :

A shopkeeper buys a fan for Rs 14500. For how much should he sell (in Rs) it to gain a profit of 10%?

A dealer allows a 36% discount on the marked price of an article and still gains 28%. If the cost price of the article is reduced by 10%, how much discount percent should he allow now so as to get the same percentage of profit as before?

Difference between selling prices of an article at profits of 5% and 10% is Rs. 30. Then cost price of the article is:

By selling 30 articles, a shopkeeper gains the selling price of 9 articles. His gain percent is:

In what ratio tea at Rs. 240/kg should be mixed with tea at Rs. 280/kg so that on selling the mixture at Rs. 324/kg there is a profit of 20%?

Mohan bought a trouser at 10% discount and sold it to Sohan at a loss of 10%. If Sohan paid Rs. 729 for the trouser to Mohan, then what was the undiscounted price of the trouser?

A shopkeeper purchased a chair marked at Rs. 900 at two successive discount of 25% and 15% respectively. He spent Rs. 26.25 on transportation and sold the chair for Rs. 735. His gain percentage was?

If loss is \(\frac{1}{3}\) of S.P., the loss percentage is?

In what ratio, sugar costing Rs. 60 per kg be mixed with sugar costing Rs. 42 per kg such that by selling the mixture at Rs. 56 per kg there is a gain of 12%?

A businessman imported Laptops, worth Rs 210000, Mobile phones worth Rs 100000 and Television sets worth Rs 150000. He had to pay 10% duty on laptops, 8% on Phones and 5% on Television sets as a special case. How much total duty (in Rupees) he had to pay on all items as per above details?

If 3 mangoes are sold for the cost price of 4 mangoes, then the profit is

If a discount of 10% is allowed on the marked price of an article. A shopkeeper gets a profit of 25%. If he offers a discount of 25% on the marked price of the same article, then his percentage profit/loss will be:

A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price giving 10% discount and the rest by giving 50% discount on the marked price. What is his overall profit/loss percent?

A fruit seller sells mangoes at the rate of Rs. 12 per kg and thereby loses 25%. At what price per kg. should he have sold them to make a profit of 10%?

A shopkeeper allows a discount of 20% on the marked price. How much above the cost price should he mark his goods to gain 8%?

A shopkeeper sells a product at a price of Rs 1,368 and earns 12.5% proﬁt. What will be the amount equal to half of the purchase price of the product?

A, B and C start a partnership. They invested Rs. 45000, Rs. 36000 and Rs. 54000 respectively. They stayed in partnership for 4 years, 3 years and 2 years. If B's share in profit is Rs. 1800, then what is the total profit?

By selling 90 chocolates Rs. 160, a chocolate trader loses 20%. How many chocolates should he sell for Rs. 96 to make a profit of 20%?A. 45B. 36C. 54D. 28

Five persons A, B, C, D and E start a joint venture. Their investments are as follows:B and C invest equally; D invests half of C and double the investment of A; E invests twice that of B. If E receives Rs. 24,00,000 as his share in the year-end profit, then the total profit (in rupees):

Bharat Electronics purchases plasma TVs in bulk for Rs. 60,000 each. However, the price marked on a plasma TV in Bharat Electronics showroom is Rs. 63,000. How much profit does Bharat Electronics make on Plasma TVs if they are always selling TVs at the maximum retail price?

Cost price of a book is Rs. 180. What should be the selling price (in Rs.) of the book to gain 25% profit?

By selling 4 articles for 1 rupee, a man loses 50%. Had he sold 2 articles per rupee, then what will be the profit percentage?

By selling a bicycle for Rs. 819, Vinay loses 9%. At what rate should he sell it to make a profit of 5%?

A dealer marks his goods at 40% above the cost price and allows a discount of 20% on the marked price. What percentage of profit or loss will the dealer have?

A shopkeeper increases the cost price of an item by 20% and offers a discount of 10% on this marked price. What is his percentage gain?

A shopkeeper allows a discount of 15% to his customers. If the cost price of an article is Rs. 600 and he intends to make a profit of 70% on his outlay, what should be the marked price of the article?

A fruit seller purchased 20 kg of apples at Rs. 8 per kg. He found 5% of the apples to be rotten. If he decides to sell the remaining apples at Rs. 11 per kg, what will be his gain percentage?

An article when discounted by 31% costs Rs. 621. What was its actual price?

Jalal, Amit and Feroz enter into partnership. Jalal invest 4 times as much as Amit and Amit invest ¾ of what Feroz invests. At the end of the financial year, the total profit earned is Rs. 19,000. Find the share for Jalal?

If a woman purchases 14 apples for Rs. 13 and sells 13 apples for 14, then what will be her profit or loss percentage?

A man sells a product for Rs. 333 with a profit of 10%. What is the cost price of the product?

A shopkeeper sells a radio for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. What is his total gain or loss per cent?

A invested a sum of Rs. 38,000 in a business. After a few months, B joined him with a sum of Rs. 28,500. At the end of the year, the total profit was divided between A and B in the ratio 2 : 1. After how many months did B join A?

If a shopkeeper sells an item that is marked as Rs. 3685 for Rs. 2845, then how much discount is he offering ?

Mohit and Sumit start a business with investment of ₹ 74000 and ₹ 96000 respectively. If at the end of the year they earn profit in the ratio of 5 : 8, then what will be ratio of the time period for which they invest their money?