Profit and Loss Mcqs

If goods be purchased for Rs.840 and one-fourth be sold at a loss of 20% at what gain percent should the remainder be sold so as to gain 20% on the whole transaction?

by
If goods be purchased for Rs.840 and one-fourth be sold at a loss of 20% at what gain percent should the remainder be sold so as to gain 20% on the whole transaction?

A. 30%
B. 33%
C. 33 1/3%
D. 35%
Explanation:
1/4 CP = 210 SP = 21*(80/100) = 168
SP = 840*(120/100) = 1008
1008 – 168 = 840
3/4 SP = 630
Gain = 210
630 — 210
100 — ? => 33 1/3%

A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?

by
A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?

A. Rs.250
B. Rs.225
C. Rs.275
D. Rs.200
Explanation:
CP1 = 100 SP1 = 90
CP2 = 80 SP2 = 80 * (140/100) = 112
22 —– 100
55 —– ? => Rs.250

A man buys an article and sells it at a profit of 20%. If he had bought it at 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?

by
A man buys an article and sells it at a profit of 20%. If he had bought it at 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?

A. Rs.370
B. Rs.375
C. Rs.350
D. Rs.300
Explanation:
CP1 = 100 SP1 = 120
CP2 = 80 SP2 = 80 * (125/100) = 100
20 —– 100
75 —– ? => 375

I bought two books; for Rs.480. I sold one at a loss of 15% and other at a gain of 19% and then I found each book was sold at the same price. Find the cost of the book sold at a loss?

by
I bought two books; for Rs.480. I sold one at a loss of 15% and other at a gain of 19% and then I found each book was sold at the same price. Find the cost of the book sold at a loss?

A. Rs.28
B. Rs.280
C. Rs.140
D. Rs.70
Explanation:
x*(85/100) = (480 – x)119/100
x = 280