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Profit and Loss Mcqs

A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of :

Mathematics Mcqs, Profit and Loss Mcqs /
A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of :

A. 10 %
B. 10.5 %
C. 11 %
D. 12.5 %

A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of : Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

Mathematics Mcqs, Profit and Loss Mcqs /
A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

A. No profit, no loss
B. 5%
C. 8%
D. 10%

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is: Read More »

Mathematics Mcqs, Profit and Loss Mcqs

When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

Mathematics Mcqs, Profit and Loss Mcqs /
When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

A. Rs. 21,000
B. Rs. 22,500
C. Rs. 25,300
D. Rs. 25,800

When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:________?

Mathematics Mcqs, Profit and Loss Mcqs /
On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:________?

A. Rs. 45
B. Rs. 50
C. Rs. 55
D. Rs. 60

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 8%. The rate of discount is:

Mathematics Mcqs, Profit and Loss Mcqs /
A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 8%. The rate of discount is:

A. 12%
B. 10%
C. 6%
D. 4%
Explanation:
C.P = Rs. 100
Marked Price = Rs. 120,
S.P = Rs. 108
Discount = (12/120 × 100)% = 10%

A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 8%. The rate of discount is: Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs. 40. Then how many shirts each costing Rs.32 he should purchase?

Mathematics Mcqs, Profit and Loss Mcqs /
A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs. 40. Then how many shirts each costing Rs.32 he should purchase?

A. 6
B. 5
C. 10
D. 7
Explanation:
The number of shirts = X
Rebate = (25/100 × 32 X) = 8X
8X = 40 or X = 5

A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs. 40. Then how many shirts each costing Rs.32 he should purchase? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

The difference between a discount of 40% on Rs. 500 and two successive discount of 36% and 4% on the same amount is:________?

Mathematics Mcqs, Profit and Loss Mcqs /
The difference between a discount of 40% on Rs. 500 and two successive discount of 36% and 4% on the same amount is:________?

A. 0
B. Rs. 2
C. Rs. 1.93
D. Rs. 7.20
Explanation:
Sale after 40% discount = 60% of Rs. 500 = Rs. 300
Price after 36% discount = 64% of Rs. 500 = Rs. 320
Price after next 4% discount = 96% of Rs. 320 = Rs. 307.20
Difference in two prices = Rs. 7.20

The difference between a discount of 40% on Rs. 500 and two successive discount of 36% and 4% on the same amount is:________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

Tarun bought a T.V with 20% discount on the labelled price. Had he bought it with 25% discount? He would have saved Rs. 500. At what price did he buy the T.V?

Mathematics Mcqs, Profit and Loss Mcqs /
Tarun bought a T.V with 20% discount on the labelled price. Had he bought it with 25% discount? He would have saved Rs. 500. At what price did he buy the T.V?

A. Rs. 5000
B. Rs. 10000
C. Rs. 12000
D. Rs. 16000
Explanation:
Labelled price be Rs. 100
S.P in 1st case = Rs. 80
S.P in 2nd case = Rs. 75
Saving is Rs. 5 labelled price = Rs. 100
Saving is Rs. 500 labelled price
= Rs. (100/5 × 500) = Rs. 10000

Tarun bought a T.V with 20% discount on the labelled price. Had he bought it with 25% discount? He would have saved Rs. 500. At what price did he buy the T.V? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A man purchases an electric heater whose printed price is 160 if he received two successive discounts of 20% and 10% he paid:

Mathematics Mcqs, Profit and Loss Mcqs /
A man purchases an electric heater whose printed price is 160 if he received two successive discounts of 20% and 10% he paid:

A. Rs. 112
B. Rs. 129.60
C. Rs. 119.60
D. Rs. 115.20
Explanation:
Price after 1st discount = 80% of Rs. 160 = Rs. 128

Price after 2nd discount = 90% of Rs. 128 = Rs. 115.20

A man purchases an electric heater whose printed price is 160 if he received two successive discounts of 20% and 10% he paid: Read More »

Mathematics Mcqs, Profit and Loss Mcqs