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Mathematics Mcqs

If an article is sold at 19% profit instead of 12% profit, then the profit would be Rs. 105 more. What is the cost price?

Mathematics Mcqs, Profit and Loss Mcqs /
If an article is sold at 19% profit instead of 12% profit, then the profit would be Rs. 105 more. What is the cost price?

A. Rs. 1505
B. Rs. 1510
C. Rs. 1500
D. Rs. 1490
E. None of these
Explanation:
Let the cost price of an article be Rs. x.
(19% of x) – (12% of x) = 105
19x/100 – 12x/100 = 105 => 7x = 105 * 100
=> x = 1500
Cost price = Rs. 1500

If an article is sold at 19% profit instead of 12% profit, then the profit would be Rs. 105 more. What is the cost price? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?

Mathematics Mcqs, Profit and Loss Mcqs /
A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?

A. Rs. 150
B. Rs. 144
C. Rs. 138
D. Rs. 132
E. None of these
Explanation:
Given that SP = Rs. 102 and loss = 15%
CP = [100(SP)]/(100 – l%) = (100 * 102)/85 = 20 * 6 = Rs. 120.
To get 20% profit, New SP = [(100 + p%)CP]/100 = (120 * 120)/100 = Rs. 144

A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A trader sells 85 meters of cloth for Rs. 8925 at the profit of Rs. 15 per metre of cloth. What is the cost price of one metre of cloth?

Mathematics Mcqs, Profit and Loss Mcqs /
A trader sells 85 meters of cloth for Rs. 8925 at the profit of Rs. 15 per metre of cloth. What is the cost price of one metre of cloth?

A. Rs. 80
B. Rs. 85
C. Rs. 90
D. Rs. 95
E. None of these
Explanation:
SP of 1m of cloth = 8925/85 = Rs. 105
CP of 1m of cloth = SP of 1m of cloth – profit on 1m of cloth
= Rs. 105 – Rs. 15 = Rs. 90.

A trader sells 85 meters of cloth for Rs. 8925 at the profit of Rs. 15 per metre of cloth. What is the cost price of one metre of cloth? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?

Mathematics Mcqs, Profit and Loss Mcqs /
Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?

A. 14%
B. 16%
C. 18%
D. 22%
E. None of these
Explanation:
Total CP = Rs. 42000 + Rs. 13000 = Rs. 55000 and SP = Rs. 64900
Profit(%) = (64900 – 55000)/55000 * 100 = 18%

Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A person purchased a TV set for Rs. 16000 and a DVD player for Rs. 6250. He sold both the items together for Rs. 31150. What percentage of profit did he make?

Mathematics Mcqs, Profit and Loss Mcqs /
A person purchased a TV set for Rs. 16000 and a DVD player for Rs. 6250. He sold both the items together for Rs. 31150. What percentage of profit did he make?

A. 30%
B. 35%
C. 40%
D. 45%
E. None of these
Explanation:
The total CP = Rs. 16000 + Rs. 6250 = Rs. 22250 and SP = Rs. 31150
Profit(%) = (31150 – 22250)/22250 * 100 = 40%

A person purchased a TV set for Rs. 16000 and a DVD player for Rs. 6250. He sold both the items together for Rs. 31150. What percentage of profit did he make? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8339 for a computer table, then what was the cost price of the computer table?

Mathematics Mcqs, Profit and Loss Mcqs /
The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8339 for a computer table, then what was the cost price of the computer table?

A. Rs. 5725
B. Rs. 5275
C. Rs. 6275
D. Rs. 6725
E. None of these
Explanation:
CP = SP * (100/(100 + profit%))
= 8339(100/124) = Rs. 6725.

The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8339 for a computer table, then what was the cost price of the computer table? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram?

Mathematics Mcqs, Profit and Loss Mcqs /
A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram?

A. 855 1/2 grams
B. 833 1/3 grams
C. 833 1/2 grams
D. 875 2/7 grams
Explanation:
If the cost price is Rs.100, then to get a profit of 20%, the selling price should be Rs.120.
If 120kg are to be sold, and the dealer gives only 100kg, to get a profit of 20%.
How many grams he has to give instead of one kilogram(1000 gm).
120 gm —— 100 gm
1000 gm —— ?
(1000 * 100)/120 = 2500/3 = 833 1/3 grams.

A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A shopkeeper buys mangoes at the rate of 4 a rupee and sells them at 3 a rupee. Find his net profit or loss percent?

Mathematics Mcqs, Profit and Loss Mcqs /
A shopkeeper buys mangoes at the rate of 4 a rupee and sells them at 3 a rupee. Find his net profit or loss percent?

A. 20%
B. 28%
C. 33 1/3 %
D. 35 2/7 %
Explanation:
The total number of mangoes bought by the shopkeeper be 12.
If he buys 4 a rupee, his CP = 3
He selling at 3 a rupee, his SP = 4
Profit = SP – CP = 4 – 3 = 1
Profit Percent = 1/3 * 100 = 33 1/3 %

A shopkeeper buys mangoes at the rate of 4 a rupee and sells them at 3 a rupee. Find his net profit or loss percent? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes?

Mathematics Mcqs, Profit and Loss Mcqs /
A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes?

A. neither profit nor loss
B. 3%
C. 5%
D. 4%
Explanation:
SP of first article = 1000
Profit = 20%
CP = (SP)*[100/(100+P)] = 5000/6 = 2500/3
SP of second article = 1000
Loss = 20%
CP = (SP)*[100/(100-L)] = 5000/4 = 1250
Total SP = 2000
Total CP = 2500/3 + 1250 = 6250/3
CP is more than SP, he makes a loss.
Loss = CP-SP = (6250/3)- 2000 = 250/3
Loss Percent = [(250/3)/(6250/3)]*100 =
0.04 * 100 = 4%

A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?

Mathematics Mcqs, Profit and Loss Mcqs /
A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?

A. neither profit nor loss
B. 1%
C. 2%
D. 3%
Explanation:
Profit on first article = 20% of 1000 = 200.
This is equal to the loss he makes on the second article. That, is he makes neither profit nor loss.

A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent? Read More »

Mathematics Mcqs, Profit and Loss Mcqs