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A shopkeeper sells 400 metres of cloth for Rs. 18000 at a loss of Rs.5 per metre. Find his cost price for one metre of cloth?

A shopkeeper sells 400 metres of cloth for Rs. 18000 at a loss of Rs.5 per metre. Find his cost price for one metre of cloth?

A. Rs. 45
B. Rs. 40
C. Rs. 35
D. Rs. 50
E. None of these
Explanation:
SP per metre = 18000/400 = Rs. 45 Loss per metre = Rs. 5 CP per metre = 45 + 5 = Rs. 50

A shopkeeper sells 400 metres of cloth for Rs. 18000 at a loss of Rs.5 per metre. Find his cost price for one metre of cloth? Read More »

The value of a machine depreciates at 20% per annum. If its present value is Rs. 1,50,000, at what price should it be sold after two years such that a profit of Rs. 24,000 is made?

Mathematics Mcqs, Profit and Loss Mcqs / admin

The value of a machine depreciates at 20% per annum. If its present value is Rs. 1,50,000, at what price should it be sold after two years such that a profit of Rs. 24,000 is made?

A. Rs. 1,10,000
B. Rs. 1,20,000
C. Rs. 1,24,000
D. Rs. 1,21,000
E. None of these
Explanation:
The value of the machine after two years = 0.8 * 0.8 * 1,50,000 = Rs. 96,000
SP such that a profit of Rs. 24,000 is made = 96,000 + 24,000 = Rs. 1,20,000

The value of a machine depreciates at 20% per annum. If its present value is Rs. 1,50,000, at what price should it be sold after two years such that a profit of Rs. 24,000 is made? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

After allowing a discount of 15% on the marked price, the selling price is Rs. 6800 for an article. If it was sold at marked price, there would have been a profit of 60%. The cost price of the article is?

Mathematics Mcqs, Profit and Loss Mcqs / admin

After allowing a discount of 15% on the marked price, the selling price is Rs. 6800 for an article. If it was sold at marked price, there would have been a profit of 60%. The cost price of the article is?

A. Rs. 6400
B. Rs. 5600
C. Rs. 5000
D. Rs. 4800
E. None of these
Explanation:
Given SP = Rs. 6800
Marked price = [SP(100)]/(100 – d%) = (6800 * 100)/(100 – 15) = Rs. 8000
If SP = Rs. 8000, profit = 60%
CP = [SP(100)]/(100 + 60) = (8000 * 100)/160 = Rs. 5000

Mathematics Mcqs, Profit and Loss Mcqs

A shopkeeper sells 20% of his stock at 10% profit ans sells the remaining at a loss of 5%. He incurred an overall loss of Rs. 400. Find the total worth of the stock?

Mathematics Mcqs, Profit and Loss Mcqs / admin

A shopkeeper sells 20% of his stock at 10% profit ans sells the remaining at a loss of 5%. He incurred an overall loss of Rs. 400. Find the total worth of the stock?

A. Rs. 25000
B. Rs. 20000
C. Rs. 15000
D. Rs. 22000
E. None of these
Explanation:
Let the total worth of the stock be Rs. x.
The SP of 20% of the stock = 1/5 * x * 1.1 = 11x/50
The SP of 80% of the stock = 4/5 * x * 0.95 = 19x/25 = 38x/50
Total SP = 11x/50 + 38x/50 = 49x/50
Overall loss = x – 49x/50 = x/50
x/50 = 400 => x = 20000

A shopkeeper sells 20% of his stock at 10% profit ans sells the remaining at a loss of 5%. He incurred an overall loss of Rs. 400. Find the total worth of the stock? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A fruit vendor purchased 20 dozens of bananas at Rs. 15 per dozen. But one-fourth of the bananas were rotten and had to be thrown away. He sold two-third of the remaining bananas at Rs. 22.50 per dozen. At what price per dozen should he sell the remaining bananas to make neither a profit nor a loss?

Mathematics Mcqs, Profit and Loss Mcqs / admin

A fruit vendor purchased 20 dozens of bananas at Rs. 15 per dozen. But one-fourth of the bananas were rotten and had to be thrown away. He sold two-third of the remaining bananas at Rs. 22.50 per dozen. At what price per dozen should he sell the remaining bananas to make neither a profit nor a loss?

A. Rs. 20
B. Rs. 15
C. Rs. 22.50
D. Rs. 7.50
E. None of these
Explanation:
CP of 20 dozen of bananas = 15 * 20 = Rs. 300
Number of bananas which are rotten = 1/4 * 20 = 5 dozen.
SP of two-third of remaining bananas = (2/3 * 15) * 22.5 = Rs. 225
SP of remaining 5 dozens of bananas to make no profit and no loss =(300 – 225) = Rs. 75.
SP of 1 dozen bananas = 75/5 = Rs. 15.

Mathematics Mcqs, Profit and Loss Mcqs

By selling 99 pens, a trader gains the cost of 33 pens. Find his gain percentage?

Mathematics Mcqs, Profit and Loss Mcqs / admin

By selling 99 pens, a trader gains the cost of 33 pens. Find his gain percentage?

A. 33 1/3%
B. 50%
C. 25%
D. 66 2/3%
E. None of these
Explanation:
Let the CP of each pen be Rs. 1.
CP of 99 pens = Rs. 99
Profit = Cost of 33 pens = Rs. 33
Profit% = 33/99 * 100 = 33 1/3%

By selling 99 pens, a trader gains the cost of 33 pens. Find his gain percentage? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A dealer purchases 15 articles for Rs. 25 and sells 12 articles for Rs. 30. Find the profit percentage?

Mathematics Mcqs, Profit and Loss Mcqs / admin

A dealer purchases 15 articles for Rs. 25 and sells 12 articles for Rs. 30. Find the profit percentage?

A. 25%
B. 50%
C. 20%
D. 5%
E. None of these
Explanation:
L.C.M of 15 and 12 = 60
CP of 60 articles = Rs. 100 (25 * 4)
SP of 60 articles = Rs. 150 (30 * 5)
Profit percentage = (150 – 100)/100 * 100 = 50%

A dealer purchases 15 articles for Rs. 25 and sells 12 articles for Rs. 30. Find the profit percentage? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

If the cost price of 50 articles is equal to the selling price of 40 articles, then the gain or loss percent is?

Mathematics Mcqs, Profit and Loss Mcqs / admin

If the cost price of 50 articles is equal to the selling price of 40 articles, then the gain or loss percent is?

A. 20% loss
B. 20% profit
C. 10% profit
D. 25% loss
E. None of these
Explanation:
Given that, cost price of 50 article is equal to selling price of 40 articles.
Let cost price of one article = Rs. 1
Selling price of 40 articles = Rs. 50
But Cost price of 40 articles = Rs. 40
Therefore, the trader made profit.Percentage of profit = 10/40 * 100 = 25%

If the cost price of 50 articles is equal to the selling price of 40 articles, then the gain or loss percent is? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is_______?

Mathematics Mcqs, Profit and Loss Mcqs / admin

If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is_______?

A. 1.44% loss
B. 14.4% profit
C. 14.4% loss
D. 0%
E. None of these
Explanation:
SP of each car is Rs. 325475, he gains 12% on first car and losses 12% on second car.
In this case, there will be loss and percentage of loss is given by = [(profit%)(loss%)]/100 = (12)(12)/100 % = 1.44%

If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is_______? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

Rehman mixed 24 kg of butter at Rs. 150 per kg with 36 kg butter at the rate of Rs. 125 per kg. At what price per kg should he sell the mixture to make a profit of 40% in the transaction?

Mathematics Mcqs, Profit and Loss Mcqs / admin

Rehman mixed 24 kg of butter at Rs. 150 per kg with 36 kg butter at the rate of Rs. 125 per kg. At what price per kg should he sell the mixture to make a profit of 40% in the transaction?

A. Rs. 135
B. Rs. 162
C. Rs. 189
D. Rs. 198
E. None of these
Explanation:
CP per kg of mixture = [24(150) + 36(125)]/(24 + 36) = Rs. 135
SP = CP[(100 + profit%)/100]
= 135 * [(100 + 40)/100] = Rs. 189.

Rehman mixed 24 kg of butter at Rs. 150 per kg with 36 kg butter at the rate of Rs. 125 per kg. At what price per kg should he sell the mixture to make a profit of 40% in the transaction? Read More »

Mathematics Mcqs, Profit and Loss Mcqs