71 + Mcqs in Profit and Loss Level 1 Page 2 McqOptions

51.	A vehicle dealer bought 5 second hand tractors for Rs. 2,00,000. He spent Rs. 2,00,000 additional on the maintenance and repairing of these 5 tractors. He sold one of the tractors for Rs. 1,50,000. What should be the average selling price of rest of the four tractors, if he makes 40% profit on the whole transaction?
A.	Rs. 1,20,000
B.	Rs. 1,00,000
C.	Rs. 1,02,500
D.	Rs. 1,25,000
E.	Rs. 1,50,000
Answer» D. Rs. 1,25,000

Discussion

52.	The C.P of a Denim is 10% more than C.P of a T-shirt. The shopkeeper marked up Denim at 20% above the C.P and T-shirt at 30% above the C.P. Find the sum of marked price of 4 Denims and 5 T-shirts, if shopkeeper allowed discount of 20% on T-shirt and 25% on Denim and the difference between selling prices of both is Rs. 50.
A.	Rs. 11680
B.	Rs. 10780
C.	Rs. 12680
D.	Rs. 11780
E.	Rs. 13680
Answer» E. Rs. 13680

Discussion

53.	The marked price of a John Players Denim is Rs. 1490. On the occasion of Rakshabandhan, the showroom offered two successive discounts of 11.25% and D% respectively. If an individual purchased the Denim for Rs. 1193.44, then find the value of value of ‘D’?
A.	9.75
B.	8.75
C.	5.5
D.	10.75
E.	11.25
Answer» B. 8.75

Discussion

54.	By selling an article for Rs. 480 a person lost 20%. For what should he sell it to make a profit of 20%?
A.	Rs. 800
B.	Rs. 760
C.	Rs. 720
D.	Rs. 680
E.	None of these
Answer» D. Rs. 680

Discussion

55.	A sells an article which cost him Rs. 400 to B at a profit of 20%. B then sells it to C, making a profit of 10% on the price he paid to A. How much does C pay to B?
A.	Rs. 472
B.	Rs. 476
C.	Rs. 528
D.	Rs. 532
E.	None of these
Answer» D. Rs. 532

Discussion

56.	A sold an article with 10% loss on the cost price. He bought the article at a discount of 20% on the labelled price. What would have been the percentage loss had he bought it at the labelled price?
A.	34%
B.	18%
C.	Data inadequate
D.	28%
E.	16%
Answer» E. 16%

Discussion

57.	A TV when sold for ₹ 7038 earned a profit of 15%. What was its cost price ?
A.	₹ 6040
B.	₹ 6080
C.	₹ 6120
D.	₹ 6240
E.	₹ 6350
Answer» D. ₹ 6240

Discussion

58.	Sanjay purchased an article for ₹ 1850. At what price should he sell it so that he earns a profit of 30% ?
A.	₹ 2450
B.	₹ 2245
C.	₹ 2405
D.	₹ 2425
E.	None of these
Answer» D. ₹ 2425

Discussion

59.	Rahul incurred a loss of 55 per cent on selling an article for ₹ 9,549. What was the cost price of the article ?
A.	₹ 27,700
B.	₹ 25,600
C.	₹ 21,220
D.	₹ 29,000
E.	None of these
Answer» D. ₹ 29,000

Discussion

60.	Varun sold an item for ₹ 6,384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30% ?
A.	₹ 14,656
B.	₹ 11,856
C.	₹ 13,544
D.	Cannot be determined
E.	None of these
Answer» C. ₹ 13,544

Discussion

61.	13 articles were bought for ₹ 5,980 and sold for ₹ 6,656. How much was the approximate profit percentage per article ?
A.	15%
B.	11%
C.	9%
D.	19%
E.	13%
Answer» C. 9%

Discussion

62.	A shopkeeper gives a discount of 10% in every 4 months at an article. If a man purchases it for Rs. 25515 in the month of December, then what was the initial price of that article in the month of January?
A.	Rs. 40000
B.	Rs. 36000
C.	Rs. 35000
D.	Rs. 45000
E.	None of these
Answer» D. Rs. 45000

Discussion

63.	The marked price of a Pant and a T-Shirt are in the ratio of 2 : 3. The shopkeeper gives 40% discount on the Pant. If the total discount on the Pant and the T-Shirt is 40% the discount offered on the T-Shirt is
A.	28 1 % 3
B.	18 2 % 3
C.	26 2 % 3
D.	12 2 % 3
E.	None of these
Answer» F.

Discussion

64.	An article costing Rs. 363 is marked to be sold at a price which gives a profit of 20%. What will be its selling price in a sale when 15% is taken off the marked price?
A.	Rs. 390.56
B.	Rs. 390.26
C.	Rs. 382.26
D.	Data inadequate
E.	None of these
Answer» F.

Discussion

65.	Vipin started a business with an investment of Rs. 42,000. After 5 months Amit joined him with a capital of Rs. 22,000. At the end of the year the total profit was Rs.16,409. What is Vipin’s share in the profit?
A.	Rs. 16244
B.	Rs. 12568
C.	Rs. 10782
D.	Rs. 5677
E.	None of these
Answer» C. Rs. 10782

Discussion

66.	Rahim marks up all Jeans in his shop 20% higher. He gave 25% discount on 2/5th of the total Jeans and 12% discount on 1/4th of the total Jeans. If Rahim gets an overall profit of 2.3%, then what percentage of discount should be given by Rahim to customers on the remaining Jeans.
A.	5%
B.	15%
C.	17%
D.	6%
E.	8%
Answer» B. 15%

Discussion

67.	Rakesh bought a cycle for Rs. 800. and marked it up by 50% and gave a discount of 10%. A customer came in to buy the cycle and bargained with Rakesh for an additional discount of 20% on the already discounted price. What is the profit earned by Rakesh?
A.	Rs. 180
B.	Rs. 156
C.	Rs. 64
D.	Rs. 28
E.	None of these
Answer» D. Rs. 28

Discussion

68.	An article costs Rs. 500 and the marked price is mentioned as Rs. 800. What is the profit % for the seller if he sells and offers a discount of 10% on the marked price?
A.	30%
B.	44%
C.	56%
D.	64%
E.	None of these
Answer» C. 56%

Discussion

69.	A profit of 13% is made by selling a shirt after offering a discount of 20%. If the marked price of the shirt is Rs. 2260, find its cost price.
A.	Rs. 1850
B.	Rs. 1780
C.	Rs. 1600
D.	Rs. 1900
E.	None of these
Answer» D. Rs. 1900

Discussion

70.	What will be the percentage profit after selling an article at a certain price if there occur a loss of 35% on selling the article 3/5 of the selling price?
A.	8.33%
B.	6.67%
C.	12.25%
D.	6.33%
E.	None of these
Answer» B. 6.67%

Discussion

71.	Rama kant dealing in bedsheets allows 4% discount on the marked price. What price must be marked on a bedsheet that cost Rs. 480 so as to make a profit of 10%?
A.	Rs. 520
B.	Rs. 650
C.	Rs. 620
D.	Rs. 550
E.	None of these
Answer» E. None of these

Discussion

Explore topic-wise MCQs in Arithmetic.

The marked price of a John Players Denim is Rs. 1490. On the occasion of Rakshabandhan, the showroom offered two successive discounts of 11.25% and D% respectively. If an individual purchased the Denim for Rs. 1193.44, then find the value of value of ‘D’?

By selling an article for Rs. 480 a person lost 20%. For what should he sell it to make a profit of 20%?

A sells an article which cost him Rs. 400 to B at a profit of 20%. B then sells it to C, making a profit of 10% on the price he paid to A. How much does C pay to B?

A sold an article with 10% loss on the cost price. He bought the article at a discount of 20% on the labelled price. What would have been the percentage loss had he bought it at the labelled price?

A TV when sold for ₹ 7038 earned a profit of 15%. What was its cost price ?

Sanjay purchased an article for ₹ 1850. At what price should he sell it so that he earns a profit of 30% ?

Rahul incurred a loss of 55 per cent on selling an article for ₹ 9,549. What was the cost price of the article ?

Varun sold an item for ₹ 6,384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30% ?

13 articles were bought for ₹ 5,980 and sold for ₹ 6,656. How much was the approximate profit percentage per article ?

A shopkeeper gives a discount of 10% in every 4 months at an article. If a man purchases it for Rs. 25515 in the month of December, then what was the initial price of that article in the month of January?

The marked price of a Pant and a T-Shirt are in the ratio of 2 : 3. The shopkeeper gives 40% discount on the Pant. If the total discount on the Pant and the T-Shirt is 40% the discount offered on the T-Shirt is

An article costing Rs. 363 is marked to be sold at a price which gives a profit of 20%. What will be its selling price in a sale when 15% is taken off the marked price?

Vipin started a business with an investment of Rs. 42,000. After 5 months Amit joined him with a capital of Rs. 22,000. At the end of the year the total profit was Rs.16,409. What is Vipin’s share in the profit?

Rahim marks up all Jeans in his shop 20% higher. He gave 25% discount on 2/5th of the total Jeans and 12% discount on 1/4th of the total Jeans. If Rahim gets an overall profit of 2.3%, then what percentage of discount should be given by Rahim to customers on the remaining Jeans.

Rakesh bought a cycle for Rs. 800. and marked it up by 50% and gave a discount of 10%. A customer came in to buy the cycle and bargained with Rakesh for an additional discount of 20% on the already discounted price. What is the profit earned by Rakesh?

An article costs Rs. 500 and the marked price is mentioned as Rs. 800. What is the profit % for the seller if he sells and offers a discount of 10% on the marked price?

A profit of 13% is made by selling a shirt after offering a discount of 20%. If the marked price of the shirt is Rs. 2260, find its cost price.

What will be the percentage profit after selling an article at a certain price if there occur a loss of 35% on selling the article 3/5 of the selling price?

Rama kant dealing in bedsheets allows 4% discount on the marked price. What price must be marked on a bedsheet that cost Rs. 480 so as to make a profit of 10%?