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:

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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

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?

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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

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?

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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%

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

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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

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:__________?

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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