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?

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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 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?

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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 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?

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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.

By selling an article at Rs.800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?

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By selling an article at Rs.800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?

A. Rs.600
B. Rs.480
C. Rs.500
D. Rs.450
Explanation:
SP = 800
Profit = 25%
CP = (SP)*[100/(100+P)]
= 800 * [100/125]
= 640
Loss = 25% = 25% of 640 = Rs.160
SP = CP – Loss = 640 – 160 = Rs.480

A trader marked the price of the T.V. 30% above the cost price of the T.V. and gave the purchaser 10% discount on the marked price, thereby gaining Rs.340. Find the cost price of the T.V?

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A trader marked the price of the T.V. 30% above the cost price of the T.V. and gave the purchaser 10% discount on the marked price, thereby gaining Rs.340. Find the cost price of the T.V?

A. Rs.2250
B. Rs.2000
C. Rs.2150
D. Rs.2200

At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?

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At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?

A. Rs.62.50
B. Rs.72.50
C. Rs.75.00
D. Rs.80.00
Explanation:
CP = 47.50
SP = 47.50*(125/100) = 59.375
MP*(95/100) = 59.375
MP = 62.5