Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

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

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%?

Mathematics Mcqs, Profit and Loss Mcqs /
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

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%? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 20%?

Mathematics Mcqs, Profit and Loss Mcqs /
A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 20%?

A. Rs.600
B. Rs.500
C. Rs.250
D. Rs.700
Explanation:
Cost price = Rs.500
profit = 20% of 500 = Rs.100
Selling price = Cost price + Profit
= 500 + 100 = 600

A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 20%? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A man buys milk at a certain rate per liter and after adding water to it sells the mixture at the same rate. Find in what ration he much mix water to milk so as to gain 20% on his outlay?

Mathematics Mcqs, Profit and Loss Mcqs /
A man buys milk at a certain rate per liter and after adding water to it sells the mixture at the same rate. Find in what ration he much mix water to milk so as to gain 20% on his outlay?

A. 1:5
B. 1:20
C. 2:5
D. 1:6

A man buys milk at a certain rate per liter and after adding water to it sells the mixture at the same rate. Find in what ration he much mix water to milk so as to gain 20% on his outlay? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

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?

Mathematics Mcqs, Profit and Loss Mcqs /
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

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? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A trader marked the price of a car 20% above the cost price and allowed the purchaser 5% discount on the marked price there by gained Rs.8400. Find the cost price of the car?

Mathematics Mcqs, Profit and Loss Mcqs /
A trader marked the price of a car 20% above the cost price and allowed the purchaser 5% discount on the marked price there by gained Rs.8400. Find the cost price of the car?

A. Rs.60000
B. Rs.75000
C. Rs.68400
D. Rs.78400

A trader marked the price of a car 20% above the cost price and allowed the purchaser 5% discount on the marked price there by gained Rs.8400. Find the cost price of the car? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

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?

Mathematics Mcqs, Profit and Loss Mcqs /
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

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? Read More »

Mathematics Mcqs, Profit and Loss Mcqs