Profit and Loss Mcqs

By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c?

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By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c?

A. Rs.38750
B. Rs.38000
C. Rs.40000
D. Rs.42000
Explanation:
CP + CP/8 = 45000
CP = 40000
SP = 40000*(95/100) = 38000

A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse?

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A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse?

A. Rs.900
B. Rs.875
C. Rs.850
D. Rs.860
Explanation:
CP = SP + 1CP = SP – g
800 + x = 980 – 2x
3x = 180 => x = 60
CP = 800 + 60 = 860

A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price?

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A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price?

A. 10%
B. 11%
C. 12%
D. 15%
Explanation:
Original price = 100
CP = 80
S = 80*(140/100) = 112
100 – 112 = 12%