Profit and Loss Mcqs Archives

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. 55 more he would have had a profit of 40 %. The C.P of the article is:

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. 55 more he would have had a profit of 40 %. The C.P of the article is:

A. Rs. 200
B. Rs. 225
C. Rs. 250
D. None of these
Explanation:
C.P = Rs. X
S.P = Rs. (90/100 × X) = Rs. (9/10 X)
C.P = Rs. (80/100 × X) = Rs. (4X/5) Gain = 40%
New S.P = Rs. (140/100 × 4X/5)
= Rs. (28/25 X) 28/25 X – 9/10 X = 55 or X = 250

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. 55 more he would have had a profit of 40 %. The C.P of the article is: Read More »

The cost price of an article which on being sold at a gain of 12 % yields Rs. 6 more than when it is sold at a loss of 12 % is:

Mathematics Mcqs, Profit and Loss Mcqs / admin

The cost price of an article which on being sold at a gain of 12 % yields Rs. 6 more than when it is sold at a loss of 12 % is:

A. Rs. 30
B. Rs. 25
C. Rs. 24
D. Rs. 20

The cost price of an article which on being sold at a gain of 12 % yields Rs. 6 more than when it is sold at a loss of 12 % is: Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A man sells a car to his friend at 10 % loss. If the friend sells it for Rs. 54000 and gains 20 %. The original C.P of the car was:_________?

Mathematics Mcqs, Profit and Loss Mcqs / admin

A man sells a car to his friend at 10 % loss. If the friend sells it for Rs. 54000 and gains 20 %. The original C.P of the car was:_________?

A. Rs. 25000
B. Rs. 37500
C. Rs. 50000
D. Rs. 60000
Explanation:
S.P = Rs. 54000,
Gain earned = 20%
C.P = Rs. (100/120 × 54000) = Rs. 45000
S.P = Rs. 45000 and loss = 10%
C.P = Rs. (100/90 × 45000) = Rs. 50000

A man sells a car to his friend at 10 % loss. If the friend sells it for Rs. 54000 and gains 20 %. The original C.P of the car was:_________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

If two mixers and one T.V cost Rs. 7000. While two T.V s and one mixer cost Rs. 9800. The value of one T.V is:_________?

Mathematics Mcqs, Profit and Loss Mcqs / admin

If two mixers and one T.V cost Rs. 7000. While two T.V s and one mixer cost Rs. 9800. The value of one T.V is:_________?

A. Rs. 2800
B. Rs. 2100
C. Rs. 4200
D. Rs. 8400
Explanation:
2X + Y = 7000
X + 2Y = 9800
Solving (i) and (ii), we get Y = 4200

If two mixers and one T.V cost Rs. 7000. While two T.V s and one mixer cost Rs. 9800. The value of one T.V is:_________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

Profit after selling a commodity for Rs. 425 is same as loss after selling it for Rs.355. The cost of the commodity is:________?

Mathematics Mcqs, Profit and Loss Mcqs / admin

Profit after selling a commodity for Rs. 425 is same as loss after selling it for Rs.355. The cost of the commodity is:________?

A. Rs. 385
B. Rs. 390
C. Rs. 395
D. Rs. 400
Explanation:
: C.P = Rs. X
425 – X = X – 355 (or )
2X = 780 or X= 390

Profit after selling a commodity for Rs. 425 is same as loss after selling it for Rs.355. The cost of the commodity is:________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A merchant sold his goods for Rs. 75 at a profit percent equal to C.P. The C.P was:________?

Mathematics Mcqs, Profit and Loss Mcqs / admin

A merchant sold his goods for Rs. 75 at a profit percent equal to C.P. The C.P was:________?

A. Rs. 40
B. Rs. 50
C. Rs. 60
D. Rs. 70
Explanation:
Let C.P = Rs. X
X + X% of X = 75
X2 + 100 X – 7500 = 0 Or (X+ 150) (X – 50) = 0
X = 50 (neglecting X= – 150)

A merchant sold his goods for Rs. 75 at a profit percent equal to C.P. The C.P was:________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20 % and the cow at a gain of 20 %. The entire transaction resulted in___________?

Mathematics Mcqs, Profit and Loss Mcqs / admin

A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20 % and the cow at a gain of 20 %. The entire transaction resulted in___________?

A. No loss or gain
B. Loss of Rs. 1000
C. Gain of Rs. 1000
D. Gain of Rs. 2000
Explanation:
Loss% = (20/10)2 = (2)2 = 4%
Total S.P = Rs. 24000
Total C.P = Rs. (100/96 × 24000) = Rs. 25000
Loss = Rs. 1000

A horse and a cow were sold for Rs. 12000 each. The horse was sold at a loss of 20 % and the cow at a gain of 20 %. The entire transaction resulted in___________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A man sold two houses for Rs. 7.8 lakhs each. On the one, he gained 5% and on the other, he lost 5%. What percent is the effect of the sale on the whole?

Mathematics Mcqs, Profit and Loss Mcqs / admin

A man sold two houses for Rs. 7.8 lakhs each. On the one, he gained 5% and on the other, he lost 5%. What percent is the effect of the sale on the whole?

A. 0.25 % loss
B. 0.25 % gain
C. 25% loss
D. 25% gain
Explanation:
Loss% = (5/10)2 = ¼% = 0.25%

A man sold two houses for Rs. 7.8 lakhs each. On the one, he gained 5% and on the other, he lost 5%. What percent is the effect of the sale on the whole? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

When the Price of fans was reduced by 20 %. The number of fans sold increased by 40 %. What was the effect on the sales of rupees?

Mathematics Mcqs, Profit and Loss Mcqs / admin

When the Price of fans was reduced by 20 %. The number of fans sold increased by 40 %. What was the effect on the sales of rupees?

A. 12 % Increase
B. 12 % decrease
C. 30 % increase
D. 40 % increase
Explanation:
Original cost of each is Rs. 100 and number originally sold be 100
Original sale proceed = Rs. (100 × 100) = Rs. 10000
New sale proceed = Rs. (80 × 140) = Rs. 11200
Increase % = (1200/10000 × 100)% = 12%

When the Price of fans was reduced by 20 %. The number of fans sold increased by 40 %. What was the effect on the sales of rupees? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

When the price of a toy was increased by 20 % of the number of toys sold was decreased by 15 %. What was the effect on the sales of the shop?

Mathematics Mcqs, Profit and Loss Mcqs / admin

When the price of a toy was increased by 20 % of the number of toys sold was decreased by 15 %. What was the effect on the sales of the shop?

A. 4 % increase
B. 4 % decrease
C. 2 % increase
D. 2 % decrease
Explanation:
Original cost of each toy Rs. 100 and number originally sold be 100
Original sale proceed = Rs. (100 × 100) = Rs. 10000
New sale proceed = Rs . (120 ×85) = Rs. 10200
Increase % = (200/10000 × 100)% = 2%

When the price of a toy was increased by 20 % of the number of toys sold was decreased by 15 %. What was the effect on the sales of the shop? Read More »

Mathematics Mcqs, Profit and Loss Mcqs