71 + Mcqs in Profit and Loss Level 1 Page 1 McqOptions

1.	By selling an article for Rs. 270, a loss of 10 percent is made.Find the C.P. of the article?
A.	Rs. 100
B.	Rs. 200
C.	Rs. 300
D.	Rs. 400
Answer» D. Rs. 400

Discussion

2.	Amit bought 12 eggs for Rs. 16, for how much should he sell one egg to gain 50%?
A.	3
B.	4
C.	2
D.	5
Answer» D. 5

Discussion

3.	By selling an article for Rs. 825, a man loses equal to 1/3 of its selling price- (i). Find the cost price of the article? (ii). Find the profit percent of the loss percent made, if the same article is sold for Rs. 1,265.
A.	550, 10%
B.	1100, 15%
C.	1000, 15%
D.	550, 15%
Answer» C. 1000, 15%

Discussion

4.	A vendor lists his articles 20% above cost price and allows a discount of 10% on cash payment.His gain percent is:
A.	2%
B.	3%
C.	5%
D.	8%
Answer» E.

Discussion

5.	A corruptible monger progesses to trade his goods at cost price but uses a weight of 960 gms for 1kg. obtain his gain percent.
A.	3 2 % 5
B.	3 1 % 2
C.	4 1 % 6
D.	2 1 % 5
Answer» D. 2 1 % 5

Discussion

6.	After getting two successive discounts Shalini got a shirt at Rs. 136 whose marked price is Rs. 200. If the second discount is 15% find the first discount.
A.	12.5%
B.	15%
C.	25%
D.	20%
Answer» E.

Discussion

7.	A trader sold two bullocks for Rs. 8,400 each, neither losing nor gaining in total. If he sold one of the bullocks at a gain of 20%, then the other is sold at a loss of
A.	20%
B.	18 2 % 9
C.	14 2 % 7
D.	21%
Answer» D. 21%

Discussion

8.	A trader sells his goods at 20% profit. Had he bought it at 10% more and sold it forRs.70 more, he would have earned a profit of 25%. Find the cost price of the goods.
A.	Rs. 200
B.	Rs. 800
C.	Rs. 400
D.	Rs. 600
Answer» D. Rs. 600

Discussion

9.	A tradesman marks his goods at 35% above its cost price and allows a discount of 17.5% for purchase in cash. What profit per cent does he make ?
A.	11.25
B.	12.125
C.	11.125
D.	11.375
Answer» E.

Discussion

10.	The cost price of an article is Rs. 480. If it is to be sold at a profit of 6.25 percent, how much would be its selling price ?
A.	Rs. 510
B.	Rs. 530
C.	Rs. 503
D.	Rs. 519
Answer» B. Rs. 530

Discussion

11.	A trader loses 20% by selling 45 oranges for Rs. 40. How many oranges should be sold for Rs. 24 so at to gain 20% in the transaction?
A.	16
B.	18
C.	24
D.	20
Answer» C. 24

Discussion

12.	A shop-owner has 90 kg of Toor Dal. One day he decides to sell out all his Toor Dal stock. He sells some certain part of it at 40% profit and the remaining stock at 20% profit. If he gains 30% on the overall transaction, what is the quantity of each part of Toor Dal?
A.	40 kg, 50 kg
B.	45 kg, 45 kg
C.	30 kg, 60 kg
D.	64 kg, 26 kg
Answer» C. 30 kg, 60 kg

Discussion

13.	Kiran purchased a scooter for Rs. 52000. He sold it at loss of 10%. With that money he purchased another scooter and sold it at profit of 20%. What is his overall loss/profit?
A.	Rs. 4160 profit
B.	Rs. 2060 profit
C.	Rs. 2560 loss
D.	Rs. 1340 loss
Answer» B. Rs. 2060 profit

Discussion

14.	A profit of 8% is made by selling a shirt after offering a discount of 12%. If the marked price of the shirt is Rs. 1080, find its cost price.
A.	Rs. 890
B.	Rs. 880
C.	Rs. 980
D.	Rs. 900
Answer» C. Rs. 980

Discussion

15.	By selling an article for Rs 102, there is a loss of 15%, when the article is sold for Rs 134.40, the net result in the transaction is
A.	12% gain
B.	12% loss
C.	10% loss
D.	15% gain
Answer» B. 12% loss

Discussion

16.	A dealer sold two types of goods for ₹ 10,000 each. On one of them, he lost 20% and on the other he gained 20%. His gain or loss per cent in the entire transaction was
A.	2% loss
B.	2% gain
C.	4% gain
D.	4% loss
Answer» E.

Discussion

17.	A man purchased 150 pens at the rate of ₹ 12 per pen. He sold 50 pens at a gain of 10%. The percentage gain at which he must sell the remaining pens so as to gain 15% on the whole outlay is
A.	21 1 % 2
B.	20%
C.	17%
D.	17 1 % 2
Answer» E.

Discussion

18.	Sagar purchased 30 kg of rice at the rate of ₹ 10 per kg and 35 kg at the rate of ₹ 11 per kg. He mixed the two. At what price per kg (in ₹) should he sell the mixture to make a 30% profit in the transaction ?
A.	12.5
B.	13
C.	13.7
D.	14.25
Answer» D. 14.25

Discussion

19.	Two toys are sold at ₹ 504 each. One toy brings the dealer a gain of 12% and the other a loss of 4%. The gain or loss per cent by selling both the toys is
A.	3 5 % profit 13
B.	4 5 % profit 13
C.	5 1 % profit 13
D.	2 3 % loss 13
Answer» B. 4 5 % profit 13

Discussion

20.	A tradesman marks his goods 30% more than the cost price. If he allows a discount of 25/4 %, then his gain percent is
A.	23 3 % 4
B.	22%
C.	21 7 % 8
D.	30%
Answer» D. 30%

Discussion

21.	If the selling price of 20 articles is the same as the cost price of 23 articles, find the profit per cent.
A.	15%
B.	16%
C.	8%
D.	12%
Answer» B. 16%

Discussion

22.	A sells a suitcase to B at 10% profit. B sells it to C at 30% profit. If C pays ₹ 2,860 for it, then the price at which A bought it is
A.	₹ 1,000
B.	₹ 1,600
C.	₹ 2,000
D.	₹ 2,500
Answer» D. ₹ 2,500

Discussion

23.	A loss of 19% gets converted into a profit of 17% when the selling price is increased by ₹ 162. The cost price of the article is
A.	₹ 450
B.	₹ 600
C.	₹ 360
D.	₹ 540
Answer» B. ₹ 600

Discussion

24.	At a petrol pump the operator gives 5% less petrol at the cost price. What is his profit %?
A.	4.55%
B.	5.26%
C.	7.5%
D.	9%
Answer» C. 7.5%

Discussion

25.	A man owns five flowers pots all of the same value. He sells the first pot at 10% profit, 2nd at a 16.66% loss & the 3rd at 25% profit. He sells the last two forrupees 140 & Rs. 78 respectively. After selling all five pots he notice that he has not gained or lost anything on the entire deal. What would his total profit or loss % be if he had sold each pot for rupees 156?
A.	20%
B.	30%
C.	35%
D.	40%
Answer» C. 35%

Discussion

26.	A shopkeeper buys some vegetables at a discount of 15% on label price if he want to make profit of 20% after allowing a discount of 10%, then buy what % should his marked price be greater than the original labelled price?
A.	12.33%
B.	17.8%
C.	13.33%
D.	23.67%
Answer» D. 23.67%

Discussion

27.	A merchant earns 25% profit in general. Once his 25% consignment was stolen by some goons. Trying to compensate his loss he sold the rest of the consignment by increasing his selling price by 20%. What is the new percentage of profit or loss?
A.	12.5%
B.	14.5%
C.	16.8%
D.	18.5%
Answer» B. 14.5%

Discussion

28.	Mohan sold his watch at 10% loss. If he had sold it for Rs. 45 more, he would have made 5% profit. The selling price (in Rs.) of watch was
A.	300
B.	900
C.	110
D.	270
Answer» E.

Discussion

29.	The printed price of an article is 40% higher than its cost price. Then the rate of discount so that he gains 12% profit is:
A.	21%
B.	18%
C.	20%
D.	15%
Answer» D. 15%

Discussion

30.	List price of a book is Rs 100. A dealer sells three such books for Rs 274.50 after allowing discount at a certain rate. Find the rate of discount.
A.	8.5%
B.	8.34%
C.	8.33%
D.	8.16%
Answer» B. 8.34%

Discussion

31.	Cost price of 100 books is equal to the selling price of 60 books. The gain percentage or loss percentage is:
A.	66 3 % 2
B.	67%
C.	66%
D.	66 2 % 3
Answer» E.

Discussion

32.	If the marked price of an article is Rs. 380 and a discount of 5% is given on it, what is the selling price?
A.	261
B.	361
C.	371
D.	431
Answer» C. 371

Discussion

33.	A 10% hike in the price of pulses forces a person to purchase 2kg less for Rs 110 . Find the original prices of the pulses.
A.	Rs 2 per kg
B.	Rs 5 per kg
C.	Rs 7 per kg
D.	Rs 10 per kg
Answer» C. Rs 7 per kg

Discussion

34.	A reduction of 20% in the price of rice enables a person to buy 2 kg more for Rs 30. Find the reduced and the original price per kg of rice.
A.	Rs 3 and 3 3 per kg 4
B.	Rs. 3 and 2 3 per kg 4
C.	Rs. 2 and 2 5 per kg 4
D.	Can't be de...
Answer» B. Rs. 3 and 2 3 per kg 4

Discussion

35.	A Girl buys a notebook for Rs 25 and sells it for Rs 20. Find her loss per cent.
A.	12%
B.	16%
C.	20%
D.	24%
Answer» D. 24%

Discussion

36.	A Woman buys a toy for Rs 25 and sells it for Rs 30. Find her gain percent.
A.	5%
B.	8%
C.	13%
D.	20%
Answer» E.

Discussion

37.	The marked price of an article is Rs. 3,000. If two successive discounts, each of x%, on the marked price is equal to a single discount of Rs. 1,174.80, then what will be the selling price of the article if a single discount of x% is given on the marked price?
A.	Rs. 1700
B.	Rs. 2340
C.	Rs. 2360
D.	Rs. 2400
E.	Rs. 2450
Answer» C. Rs. 2360

Discussion

38.	In St. Peter’s college Agra an exhibition was organised, hand-made crafts are displayed for sale. Some students are assigned the work of selling crafts. The overall profit p depends on the number of students x selling the crafts on that particular day and is given by the equation p = 250x – 5x2. The school manager claims to have made a maximum profit. Find the number of students engaged in selling the crafts and the maximum profit made.
A.	25 and Rs. 1800
B.	25 and Rs. 2900
C.	25 and Rs. 3125
D.	30 and Rs. 3900
E.	None of these
Answer» D. 30 and Rs. 3900

Discussion

39.	Sohan bought an old Honda Bike and spent Rs. 1500 on its repairs. Then Sohan sold it to Rakesh at a prolit of 20%. Rakesh sold it to Raj at a loss of 10%. Raj finally sold it for Rs. 12100 at a profit of 10%. How much did Sohan pay for the old Honda Bike?
A.	Rs. 10185
B.	Rs. 10800
C.	Rs. 8685
D.	Rs. 8600
E.	None of these
Answer» D. Rs. 8600

Discussion

40.	Saleem has 40 articles of same cost price. He sold 24 articles at a profit of 30% and 16 articles at a profit of 20%. Had he sold all the articles at a profit of 15%, then his profit would have been reduced by Rs. 880. What is the cost price (in Rs.) of each article?
A.	120
B.	200
C.	150
D.	160
E.	225
Answer» C. 150

Discussion

41.	The difference between a discount of 25% and two successive discounts of 10% and 20% on a certain bill was Rs. 90. Find the amount of the bill.
A.	Rs. 1500
B.	Rs. 300
C.	Rs. 3000
D.	Data inadequate
E.	None of these
Answer» D. Data inadequate

Discussion

42.	A Shopkeeper sells 2 things – bed set and sofa set , both at the same price of Rs 34569. In doing so he manages to gain 10% on bed set while he incurred a loss of 10% in selling sofa set. Then the net percentage profit or loss in whole transaction is?
A.	11% Profit
B.	11% loss
C.	1% Profit
D.	1% loss
E.	None of these
Answer» E. None of these

Discussion

43.	After selling a suit forRs. 1680 a shopkeeper suffers a loss of 16%. If he wants to earn 15% profit after giving the discount of 8%, what will be the marked price?
A.	Rs. 2500
B.	Rs. 2000
C.	Rs. 1500
D.	Rs. 2600
E.	None of these
Answer» B. Rs. 2000

Discussion

44.	Hemant had 1 bicycle and 1 car. He sold the bicycle at a profit of 15% and the car at a loss of 8% and earned a profit of Rs 1150 in total. If he had sold the bicycle for Rs 54000 he would have earned a profit of 20%, find the sum of the selling price of both the items.
A.	Rs 110600
B.	Rs 110680
C.	Rs 125960
D.	Rs 115690
E.	None of these
Answer» F.

Discussion

45.	Anil makes a profit of 18% on cost price by selling a washing machine forRs. 5900. If the cost price of the machine is increased by 5% and he wants to earn the same profit, What will be the new profit percent on selling price?
A.	14.63%
B.	12.25%
C.	15.96%
D.	17.14%
E.	None of these
Answer» B. 12.25%

Discussion

46.	A costs twice as much as B. A is sold at a loss of 10% and B is sold at 7/5th of its price. If selling price of A is Rs. 1200 more than selling price of B, what is the cost price of A?
A.	Rs. 2400
B.	Rs. 3000
C.	Can't be determined
D.	Rs. 6000
E.	None of these
Answer» E. None of these

Discussion

47.	A fruit-seller buys some oranges and by selling 40% of them he realizes the cost price of all the oranges. As the oranges being to grow over-ripe, he reduces the price and sells 60% of the remaining oranges at one third of the previous rate of profit. The rest of the oranges being rotten are thrown away. The overall percentage of profit is
A.	54%
B.	68%
C.	49%
D.	75%
E.	None of these
Answer» B. 68%

Discussion

48.	After getting two successive discounts Apurva got a jeans at Rs. 714 whose marked price is Rs. 1000. If the second discount is 15% find the first discount.
A.	12.5%
B.	15%
C.	16%
D.	20%
E.	None of these
Answer» D. 20%

Discussion

49.	The cost price of a Tv and a Dvd together is Rs 880. If the Tv costs 20% more than the DVD, then find the cost price of the Tv and Dvd respectively.
A.	Rs 460 and Rs 420
B.	Rs 440 and Rs 400
C.	Rs 520 and Rs 360
D.	Rs 480 and Rs 400
E.	None of these
Answer» E. None of these

Discussion

50.	Two denims of Levi’s and Mufti, having same marked price have been sold at 15% and 12% discounts, respectively. The cost price of Mufti was Rs. 160 less than the cost price of Levi’s. The profit earned on Levi’s and Mufti was 6.25% and 20% respectively. Find the marked price of each denim.
A.	Rs. 2400
B.	Rs. 4000
C.	Rs. 4200
D.	Rs. 2040
E.	Rs. 2080
Answer» B. Rs. 4000

Discussion

Explore topic-wise MCQs in Arithmetic.

By selling an article for Rs. 270, a loss of 10 percent is made.Find the C.P. of the article?

Amit bought 12 eggs for Rs. 16, for how much should he sell one egg to gain 50%?

By selling an article for Rs. 825, a man loses equal to 1/3 of its selling price- (i). Find the cost price of the article? (ii). Find the profit percent of the loss percent made, if the same article is sold for Rs. 1,265.

A vendor lists his articles 20% above cost price and allows a discount of 10% on cash payment.His gain percent is:

A corruptible monger progesses to trade his goods at cost price but uses a weight of 960 gms for 1kg. obtain his gain percent.

After getting two successive discounts Shalini got a shirt at Rs. 136 whose marked price is Rs. 200. If the second discount is 15% find the first discount.

A trader sold two bullocks for Rs. 8,400 each, neither losing nor gaining in total. If he sold one of the bullocks at a gain of 20%, then the other is sold at a loss of

A trader sells his goods at 20% profit. Had he bought it at 10% more and sold it forRs.70 more, he would have earned a profit of 25%. Find the cost price of the goods.

A tradesman marks his goods at 35% above its cost price and allows a discount of 17.5% for purchase in cash. What profit per cent does he make ?

The cost price of an article is Rs. 480. If it is to be sold at a profit of 6.25 percent, how much would be its selling price ?

A trader loses 20% by selling 45 oranges for Rs. 40. How many oranges should be sold for Rs. 24 so at to gain 20% in the transaction?

A shop-owner has 90 kg of Toor Dal. One day he decides to sell out all his Toor Dal stock. He sells some certain part of it at 40% profit and the remaining stock at 20% profit. If he gains 30% on the overall transaction, what is the quantity of each part of Toor Dal?

Kiran purchased a scooter for Rs. 52000. He sold it at loss of 10%. With that money he purchased another scooter and sold it at profit of 20%. What is his overall loss/profit?

A profit of 8% is made by selling a shirt after offering a discount of 12%. If the marked price of the shirt is Rs. 1080, find its cost price.

By selling an article for Rs 102, there is a loss of 15%, when the article is sold for Rs 134.40, the net result in the transaction is

A dealer sold two types of goods for ₹ 10,000 each. On one of them, he lost 20% and on the other he gained 20%. His gain or loss per cent in the entire transaction was

A man purchased 150 pens at the rate of ₹ 12 per pen. He sold 50 pens at a gain of 10%. The percentage gain at which he must sell the remaining pens so as to gain 15% on the whole outlay is

Sagar purchased 30 kg of rice at the rate of ₹ 10 per kg and 35 kg at the rate of ₹ 11 per kg. He mixed the two. At what price per kg (in ₹) should he sell the mixture to make a 30% profit in the transaction ?

Two toys are sold at ₹ 504 each. One toy brings the dealer a gain of 12% and the other a loss of 4%. The gain or loss per cent by selling both the toys is

A tradesman marks his goods 30% more than the cost price. If he allows a discount of 25/4 %, then his gain percent is

If the selling price of 20 articles is the same as the cost price of 23 articles, find the profit per cent.

A sells a suitcase to B at 10% profit. B sells it to C at 30% profit. If C pays ₹ 2,860 for it, then the price at which A bought it is

A loss of 19% gets converted into a profit of 17% when the selling price is increased by ₹ 162. The cost price of the article is

At a petrol pump the operator gives 5% less petrol at the cost price. What is his profit %?

A shopkeeper buys some vegetables at a discount of 15% on label price if he want to make profit of 20% after allowing a discount of 10%, then buy what % should his marked price be greater than the original labelled price?

A merchant earns 25% profit in general. Once his 25% consignment was stolen by some goons. Trying to compensate his loss he sold the rest of the consignment by increasing his selling price by 20%. What is the new percentage of profit or loss?

Mohan sold his watch at 10% loss. If he had sold it for Rs. 45 more, he would have made 5% profit. The selling price (in Rs.) of watch was

The printed price of an article is 40% higher than its cost price. Then the rate of discount so that he gains 12% profit is:

List price of a book is Rs 100. A dealer sells three such books for Rs 274.50 after allowing discount at a certain rate. Find the rate of discount.

Cost price of 100 books is equal to the selling price of 60 books. The gain percentage or loss percentage is:

If the marked price of an article is Rs. 380 and a discount of 5% is given on it, what is the selling price?

A 10% hike in the price of pulses forces a person to purchase 2kg less for Rs 110 . Find the original prices of the pulses.

A reduction of 20% in the price of rice enables a person to buy 2 kg more for Rs 30. Find the reduced and the original price per kg of rice.

A Girl buys a notebook for Rs 25 and sells it for Rs 20. Find her loss per cent.

A Woman buys a toy for Rs 25 and sells it for Rs 30. Find her gain percent.

The marked price of an article is Rs. 3,000. If two successive discounts, each of x%, on the marked price is equal to a single discount of Rs. 1,174.80, then what will be the selling price of the article if a single discount of x% is given on the marked price?

Sohan bought an old Honda Bike and spent Rs. 1500 on its repairs. Then Sohan sold it to Rakesh at a prolit of 20%. Rakesh sold it to Raj at a loss of 10%. Raj finally sold it for Rs. 12100 at a profit of 10%. How much did Sohan pay for the old Honda Bike?

Saleem has 40 articles of same cost price. He sold 24 articles at a profit of 30% and 16 articles at a profit of 20%. Had he sold all the articles at a profit of 15%, then his profit would have been reduced by Rs. 880. What is the cost price (in Rs.) of each article?

The difference between a discount of 25% and two successive discounts of 10% and 20% on a certain bill was Rs. 90. Find the amount of the bill.

A Shopkeeper sells 2 things – bed set and sofa set , both at the same price of Rs 34569. In doing so he manages to gain 10% on bed set while he incurred a loss of 10% in selling sofa set. Then the net percentage profit or loss in whole transaction is?

After selling a suit forRs. 1680 a shopkeeper suffers a loss of 16%. If he wants to earn 15% profit after giving the discount of 8%, what will be the marked price?

Hemant had 1 bicycle and 1 car. He sold the bicycle at a profit of 15% and the car at a loss of 8% and earned a profit of Rs 1150 in total. If he had sold the bicycle for Rs 54000 he would have earned a profit of 20%, find the sum of the selling price of both the items.

Anil makes a profit of 18% on cost price by selling a washing machine forRs. 5900. If the cost price of the machine is increased by 5% and he wants to earn the same profit, What will be the new profit percent on selling price?

A costs twice as much as B. A is sold at a loss of 10% and B is sold at 7/5th of its price. If selling price of A is Rs. 1200 more than selling price of B, what is the cost price of A?

After getting two successive discounts Apurva got a jeans at Rs. 714 whose marked price is Rs. 1000. If the second discount is 15% find the first discount.

The cost price of a Tv and a Dvd together is Rs 880. If the Tv costs 20% more than the DVD, then find the cost price of the Tv and Dvd respectively.

Two denims of Levi’s and Mufti, having same marked price have been sold at 15% and 12% discounts, respectively. The cost price of Mufti was Rs. 160 less than the cost price of Levi’s. The profit earned on Levi’s and Mufti was 6.25% and 20% respectively. Find the marked price of each denim.