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Profit and Loss Mcqs

A reduction of 40% in the price of bananas would enable a man to obtain 64 more for Rs.40, what is reduced price per dozen?

July 25, 2021February 2, 2020 by admin
A reduction of 40% in the price of bananas would enable a man to obtain 64 more for Rs.40, what is reduced price per dozen?

A. Rs.5
B. Rs.4
C. Rs.2
D. Rs.3
Explanation:
40*(40/100) = 16 — 64
? — 12 => Rs.3

Categories Mathematics Mcqs, Profit and Loss Mcqs

A man purchases 8 pens for Rs.9 and sells 9 pens for Rs.8, how much profit or loss does he make?

July 25, 2021February 2, 2020 by admin
A man purchases 8 pens for Rs.9 and sells 9 pens for Rs.8, how much profit or loss does he make?

A. 20.98% profit
B. 20.98% loss
C. 20.89% profit
D. 20.89% loss

Categories Mathematics Mcqs, Profit and Loss Mcqs

A dishonest dealer professes to sell goods at the cost price but uses a false weight and gains 25%. Find his false weight age?

July 25, 2021February 2, 2020 by admin
A dishonest dealer professes to sell goods at the cost price but uses a false weight and gains 25%. Find his false weight age?

A. 700 gms
B. 750 gms
C. 800 gms
D. 850 gms
Explanation:
25 = E/(1000 – E) * 100
1000 – E = 4E
1000 = 5E => E = 200
1000 – 200 = 800

Categories Mathematics Mcqs, Profit and Loss Mcqs

Ramees professes to sell his goods at the cost price but he made use of 900 grms instead of a kg, what is the gain percent?

July 25, 2021February 2, 2020 by admin
Ramees professes to sell his goods at the cost price but he made use of 900 grms instead of a kg, what is the gain percent?

A. 11%
B. 11 2/9%
C. 11 1/9%
D. 10%
Explanation:
900 — 100
100 — ? => 11 1/9%

Categories Mathematics Mcqs, Profit and Loss Mcqs

A dishonest dealer professes to sell goods at the cost price but uses a weight of 800 grams per kg, what is his percent?

July 25, 2021February 2, 2020 by admin
A dishonest dealer professes to sell goods at the cost price but uses a weight of 800 grams per kg, what is his percent?

A. 20%
B. 25%
C. 30%
D. 15%
Explanation:
800 — 200
100 — ? => 25%

Categories Mathematics Mcqs, Profit and Loss Mcqs

A tradesman by means of his false balance defrauds to the extent of 20%? in buying goods as well as by selling the goods. What percent does he gain on his outlay?

July 25, 2021February 2, 2020 by admin
A tradesman by means of his false balance defrauds to the extent of 20%? in buying goods as well as by selling the goods. What percent does he gain on his outlay?

A. 20%
B. 45%
C. 44%
D. 48%
Explanation:
g% = 20 + 20 + (20*20)/100
= 44%

Categories Mathematics Mcqs, Profit and Loss Mcqs

Ramees sold two bicycles, each for Rs.990. If he made 10% profit on the first and 10% loss on the second, what is the total cost of both bicycles?

July 25, 2021February 2, 2020 by admin
Ramees sold two bicycles, each for Rs.990. If he made 10% profit on the first and 10% loss on the second, what is the total cost of both bicycles?

A. Rs.2000
B. Rs.1980
C. Rs.1891
D. Rs.1750
Explanation:
(10*10)/100 = 1%loss
100 — 99
? — 1980 => Rs.2000

Categories Mathematics Mcqs, Profit and Loss Mcqs

By selling 50 meters of cloth. I gain the selling price of 15 meters. Find the gain percent?

July 25, 2021February 2, 2020 by admin
By selling 50 meters of cloth. I gain the selling price of 15 meters. Find the gain percent?

A. 35%
B. 30%
C. 40%
D. 42 6/7%
Explanation:
SP = CP + g
50 SP = 50 CP + 15 SP
35 SP = 50 CP
35 — 15 CP gain
100 — ? => 42 6/7%

Categories Mathematics Mcqs, Profit and Loss Mcqs

The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?

July 25, 2021February 2, 2020 by admin
The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?

A. 15 5/15%
B. 18 2/11%
C. 16 2/3%
D. 30%
Explanation:
13 CP = 11 SP
11 — 2 CP
100 — ? =>18 2/11%

Categories Mathematics Mcqs, Profit and Loss Mcqs

By selling 12 pencils for a rupee a man loses 20%. How many for a rupee should he sell in order to gain 20%?

July 25, 2021February 2, 2020 by admin
By selling 12 pencils for a rupee a man loses 20%. How many for a rupee should he sell in order to gain 20%?

A. 8
B. 9
C. 12
D. 16
Explanation:
80% — 12
120% — ?
80/120 * 12 = 8

Categories Mathematics Mcqs, Profit and Loss Mcqs
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