Profit and Loss Mcqs

The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price, in this kind of sale the seller

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The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price, in this kind of sale the seller

A. Bears no loss no gain
B. gains
C. loses 1%
D. None of these
Explanation:
C.P = Rs. 100
Marked price = Rs. 110
S.P = 90% of Rs. 110 = Rs. 99
Loss = 1%

While selling the watch, a shopkeeper gives a discount of 5% if he gives a discount of 7 % he earns Rs. 15 less as profit. The marked price of the watch is:

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While selling the watch, a shopkeeper gives a discount of 5% if he gives a discount of 7 % he earns Rs. 15 less as profit. The marked price of the watch is:

A. Rs. 697.50
B. Rs. 712.50
C. Rs. 787.50
D. None of these
Explanation:
Marked price is Rs. X
(7% of X) – 15 = 5% of X (Or)
7X/100 – 5X/100 = 15 or X = 750

A Shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed. The ratio of the cost price and the printed price of the book is:

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A Shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed. The ratio of the cost price and the printed price of the book is:

A. 45:56
B. 50:61
C. 99:125
D. None of these
Explanation:
Printed price of the book is Rs. 100
After a discount of 10% S.P = Rs. 90
Profit earned = 12%
C.P of the book = Rs. (100/112 × 90) = Rs. 1125/14
(C.P) : (Printed price) = 1125/14 : 100 or 45 : 56

A retailer buys a sewing machine at a discount of 15% and sells it for Rs. 1955. Thus, he makes a profit of 15%. The discount is:

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A retailer buys a sewing machine at a discount of 15% and sells it for Rs. 1955. Thus, he makes a profit of 15%. The discount is:

A. Rs. 270
B. Rs. 290
C. Rs. 300
D. None of these
Explanation:
Marked price be Rs. X
Discount availed by the retailer = 15% of Rs. X
C.P of the machine by the retailer
= (X – 15% of X) = Rs. 17X/20
15% of 17X/20 = 1955 – 17X/20
51X/400 + 17X/20 = 1955 or
X = 2000 Discount received retailer
= (15% of Rs. 2000) = Rs. 300

Kabir buys an article with 25% discount on its marked price. He makes a profit of 10 % by selling it at Rs. 660. The marked price is :

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Kabir buys an article with 25% discount on its marked price. He makes a profit of 10 % by selling it at Rs. 660. The marked price is :

A. Rs. 600
B. Rs. 700
C. Rs. 800
D. Rs. 685
Explanation:
Original price be Rs. X
C.P = (X – 25% of X) = 3X/4
S.P = (3X/4 + 10% of 3X/4) = 33X/40
33X/40 = 660
=> X = 800

The ratio of the prices of three different types of cars is 4:5:7. If the difference between the costliest and the cheapest cars is Rs. 60000 the price of the car of modest price is:

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The ratio of the prices of three different types of cars is 4:5:7. If the difference between the costliest and the cheapest cars is Rs. 60000 the price of the car of modest price is:

A. Rs. 80000
B. Rs. 100000
C. Rs. 140000
D. Rs. 120000
Explanation:
Let the prices be 4X, 5X and 7 X rupees
7X – 4X = 60000
=> X = 20000
Required price = 5X = Rs. 100000

A discount series of 10%, 20% and 40% is equal to a single discount of:_________?

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A discount series of 10%, 20% and 40% is equal to a single discount of:_________?

A. 50%
B. 56.8%
C. 60%
D. 70.28%
Explanation:
Original price = Rs. 100
Price after first discount = Rs. 90
Price after second discount = Rs. (80/100 × 90) = Rs. 72
Price after third discount = Rs. (60/100 × 72) = Rs. 43.20
Single discount = (100 – 43.20) = 56.8%

At what price must kashif sell a mixture of 80 kg sugar at Rs. 6.75 per kg with 120 kg at Rs. 8 per kg to gain 20%?

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At what price must kashif sell a mixture of 80 kg sugar at Rs. 6.75 per kg with 120 kg at Rs. 8 per kg to gain 20%?

A. Rs. 7.50 per kg
B. Rs. 8.20 per kg
C. Rs. 8.85 per kg
D. Rs. 9 per kg
Explanation:
C.P of 200 kg of sugar = Rs. (80 × 6.75 + 120 × 8) = Rs. 1500
C.P of 1 kg = Rs. (1500/200) = Rs. 7.50
Gain required = 20%
S.P of 1 kg = (120% of Rs. 7.50)
= Rs. (120/100 × 7.50) = Rs. 9 per kg