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Profit and Loss Mcqs

A owns a house worth Rs. 10000. He sells it to B at a profit of 10% based on the worth of the house. B sells the house back to A at a loss of 10% in this transaction A gets:

Mathematics Mcqs, Profit and Loss Mcqs /
A owns a house worth Rs. 10000. He sells it to B at a profit of 10% based on the worth of the house. B sells the house back to A at a loss of 10% in this transaction A gets:

A. No profit No loss
B. Profit of Rs. 1000
C. Profit of Rs. 1100
D. Profit of Rs. 2000
Explanation:
B = 110% of Rs. 10000 = Rs. 11000
Loss of B = 10%
B = 90% of Rs. 1100 = Rs. 9900
A = Rs. 9900
= [(10% of Rs. 10000) + (10000 – 9900)] = Rs. 1100

A owns a house worth Rs. 10000. He sells it to B at a profit of 10% based on the worth of the house. B sells the house back to A at a loss of 10% in this transaction A gets: Read More »

Mathematics Mcqs, Profit and Loss Mcqs

Ramees bought 4 dozen apples at Rs. 12 per dozen and 2 dozen apples at Rs. 16 per dozen. He sold all of them to earn 20%. At what price per dozen did he sell the apples?

Mathematics Mcqs, Profit and Loss Mcqs /
Ramees bought 4 dozen apples at Rs. 12 per dozen and 2 dozen apples at Rs. 16 per dozen. He sold all of them to earn 20%. At what price per dozen did he sell the apples?

A. Rs. 14.40
B. Rs. 16.00
C. Rs. 16.80
D. Rs. 19.20
Explanation:
6 dozen apples = Rs. (12 × 4 + 16 × 2) = Rs. 80
Gain = 20%
S.P = Rs. (120/100 × 80) = Rs. 96
Per dozen = Rs. (96/6) = Rs. 16

Ramees bought 4 dozen apples at Rs. 12 per dozen and 2 dozen apples at Rs. 16 per dozen. He sold all of them to earn 20%. At what price per dozen did he sell the apples? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

Jameel bought paper sheets for Rs. 7200 and spent Rs. 200 on transport. Paying Rs 600 he had 330 boxes made. Which he said at Rs. 28 each. What is his profit Percentage?

Mathematics Mcqs, Profit and Loss Mcqs /
Jameel bought paper sheets for Rs. 7200 and spent Rs. 200 on transport. Paying Rs 600 he had 330 boxes made. Which he said at Rs. 28 each. What is his profit Percentage?

A. 15.5
B. 40
C. 60
D. None of these
Explanation:
330 boxes = Rs. (7200 + 200 600) = Rs. 8000
330 boxes = Rs. (330 × 28) = Rs. 9240
Gain% = (1240/8000 × 100)% = 15.5%

Jameel bought paper sheets for Rs. 7200 and spent Rs. 200 on transport. Paying Rs 600 he had 330 boxes made. Which he said at Rs. 28 each. What is his profit Percentage? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

By selling Toffees at 20 for a rupee, a man loses 40 %. To gain 20 %, for one rupee he must sell?

Mathematics Mcqs, Profit and Loss Mcqs /
By selling Toffees at 20 for a rupee, a man loses 40 %. To gain 20 %, for one rupee he must sell?

A. 16 toffees
B. 20 toffees
C. 25 toffees
D. 24 toffees
Explanation:
He sells 20 toffees
S.P = Rs. 1 and loss = 4%
C.P = (11/96 × 1) = Rs. 25/24
Gain = 20%
S.P = Rs. (120/100 × 25/24) = Rs. 5/4
Rs. 5/4 toffees sold = 20
Rs. 1 toffees sold = (20 × 4/5) = 16

By selling Toffees at 20 for a rupee, a man loses 40 %. To gain 20 %, for one rupee he must sell? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

By selling 12 oranges for one rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?

Mathematics Mcqs, Profit and Loss Mcqs /
By selling 12 oranges for one rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?

A. 5
B. 8
C. 10
D. 15
Explanation:
He buys 12 oranges,
Then S.P = Rs. 1
Now, 80 : 1 :: 120 : X
X = 1 × 120/80 = 3/2 Rs. 3/2,
oranges sold = 12 Rs. 1,
oranges sold = (12 × 2/3) = 8

By selling 12 oranges for one rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is:________?

Mathematics Mcqs, Profit and Loss Mcqs /
A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is:________?

A. 9
B. 10
C. 11
D. 11 1/9
Explanation:
Gain % = {Error/(True value – error) × 100} %
= (100/900 × 100)% = 11 1/9%

A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is:________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A man sold 20 articles for Rs. 60 and gained 20%. How many articles did he buy for Rs.60?

Mathematics Mcqs, Profit and Loss Mcqs /
A man sold 20 articles for Rs. 60 and gained 20%. How many articles did he buy for Rs.60?

A. 22
B. 24
C. 25
D. 26
Explanation:
S.P of 20 articles = Rs. 60,
Gain = 20%
C.P of 20 articles = Rs. (100/120 × 60) = Rs. 50
Rs. 50, he bought = 20 articles
Rs. 60, he bought = (20/50 × 60) = 24 articles

A man sold 20 articles for Rs. 60 and gained 20%. How many articles did he buy for Rs.60? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A man purchased a watch for Rs. 400 and sold it at a gain of 20% of the selling price. The selling price of the watch is:__________?

Mathematics Mcqs, Profit and Loss Mcqs /
A man purchased a watch for Rs. 400 and sold it at a gain of 20% of the selling price. The selling price of the watch is:__________?

A. Rs. 300
B. Rs. 320
C. Rs. 440
D. Rs. 500
Explanation:
Let S.P = Rs. X
Then, 400 + 20% of x = x
(Or) 400 + X/5 = X
(Or) 4X/5 = 400
(or) x = 400 × 5/4 = 500
S.P = Rs. 500

A man purchased a watch for Rs. 400 and sold it at a gain of 20% of the selling price. The selling price of the watch is:__________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

If I purchased 11 books for Rs. 10 and sold all at the rate of 10 books for Rs. 11, the profit percent

Mathematics Mcqs, Profit and Loss Mcqs /
If I purchased 11 books for Rs. 10 and sold all at the rate of 10 books for Rs. 11, the profit percent

A. 10%
B. 11%
C. 21%
D. 100%
Explanation:
Suppose I Purchased 110 books
C.P = Rs. (10/11 × 110) = Rs. 100
S.P = Rs. (11/10 × 110) = Rs. 121
Gain % = 21%

If I purchased 11 books for Rs. 10 and sold all at the rate of 10 books for Rs. 11, the profit percent Read More »

Mathematics Mcqs, Profit and Loss Mcqs