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Profit and Loss Mcqs

If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425. What is the greatest possible profit that might be made in selling 8 books?

Mathematics Mcqs, Profit and Loss Mcqs /
If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425. What is the greatest possible profit that might be made in selling 8 books?

A. Rs. 400
B. Rs. 600
C. Cannot be determined
D. None of these
Explanation:
Profit is maximum when C.P is minimum and S.P Maximum.
Thus, C.P = Rs. (200 × 8) = Rs. 1600
S.P = Rs. (425 × 8) = Rs. 3400
Gain = Rs. 1800

If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425. What is the greatest possible profit that might be made in selling 8 books? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A man sells 320 mangoes at the cost of 400 mangoes. His gain percent is:_________?

Mathematics Mcqs, Profit and Loss Mcqs /
A man sells 320 mangoes at the cost of 400 mangoes. His gain percent is:_________?

A. 10%
B. 15%
C. 20%
D. 25%
Explanation:
Let C.P of each mango = Rs. 1
C.P of 320 mangoes = Rs. 320
S.P of 320 mangoes = Rs. 400
Gain = (80/320 × 100)% = 25 %

A man sells 320 mangoes at the cost of 400 mangoes. His gain percent is:_________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

There would be 10% loss if rice is sold at Rs. 5.40 per kg. At what price per kg should it be sold to earn a profit of 20%

Mathematics Mcqs, Profit and Loss Mcqs /
There would be 10% loss if rice is sold at Rs. 5.40 per kg. At what price per kg should it be sold to earn a profit of 20%

A. Rs. 6
B. Rs. 6.48
C. Rs. 7.02
D. Rs. 7.20
Explanation:
90 : 5.40 :: 120 : x
X = (5.40 x 120)/90 = 7.20

There would be 10% loss if rice is sold at Rs. 5.40 per kg. At what price per kg should it be sold to earn a profit of 20% Read More »

Mathematics Mcqs, Profit and Loss Mcqs

There would be 10% loss if a toy is said at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%?

Mathematics Mcqs, Profit and Loss Mcqs /
There would be 10% loss if a toy is said at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%?

A. Rs. 12
B. Rs. 12.96
C. Rs. 14.40
D. None of these
Explanation:
90 : 10.80 :: 120 : x
X = (10.80 ×120)/90 = 14.40
Hence, the toy must be sold for Rs. 14.40

There would be 10% loss if a toy is said at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A man buys 10 articles for Rs. 8 and Sells them at the rate of Rs. 1.25 per article. His gain is:________?

Mathematics Mcqs, Profit and Loss Mcqs /
A man buys 10 articles for Rs. 8 and Sells them at the rate of Rs. 1.25 per article. His gain is:________?

A. 20%
B. 50%
C. 19 ½ %
D. 56 ¼ %
Explanation:
C.P of 10 articles = Rs. 8
S.P of 10 articles = Rs. (1.25 × 10) = Rs. 12.50
Gain = (4.5/8 × 100)% = 56 ¼%

A man buys 10 articles for Rs. 8 and Sells them at the rate of Rs. 1.25 per article. His gain is:________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered?

Mathematics Mcqs, Profit and Loss Mcqs /
A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered?

A. 24.5
B. 28.5
C. 30
D. Data inadequate
E. None of these
Explanation:
Let C.P. be Rs. 100.
Then, S.P. = Rs. 123.50
Let marked price be Rs. x. Then, 95/100 x = 123.50
x = 12350/95 = Rs. 130
Now, S.P. = Rs. 130, C.P. = Rs. 100
Profit % = 30%.

A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%?

Mathematics Mcqs, Profit and Loss Mcqs /
The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%?

A. 37.5%
B. 48%
C. 50.5%
D. 52%
Explanation:
Let marked price = Rs. 100.
Then, C.P. = RS. 64, S.P. = Rs. 88
Gain % = 24/64 * 100 = 37.5%.

The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

By selling an umbrella for Rs. 300, a shop keeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:________?

Mathematics Mcqs, Profit and Loss Mcqs /
By selling an umbrella for Rs. 300, a shop keeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:________?

A. 7
B. 7.5
C. 8
D. 9
Explanation:
Marked price = Rs. 300
C.P. = 100/120 * 300 = Rs. 250
Sale price = 90% of Rs. 300 = Rs. 270
Required gain % = 20/250 * 100 = 8%.

By selling an umbrella for Rs. 300, a shop keeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

The price of a VCR is marked at Rs. 12,000. If successive discounts of 15%, 10% and 5% be allowed, then at what price does a customer buy it?

Mathematics Mcqs, Profit and Loss Mcqs /
The price of a VCR is marked at Rs. 12,000. If successive discounts of 15%, 10% and 5% be allowed, then at what price does a customer buy it?

A. Rs. 8400
B. Rs. 8721
C. Rs. 8856
D. None of these
Explanation:
Actual price = 95% of 90% of 85% of Rs. 12000
= 95/100 * 90/100 * 85/100 * 12000 = Rs. 8721.

The price of a VCR is marked at Rs. 12,000. If successive discounts of 15%, 10% and 5% be allowed, then at what price does a customer buy it? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

Aleem buys 4 horses and 9 cows for Rs. 13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of Rs. 1880. The cost of a horse is:_________?

Mathematics Mcqs, Profit and Loss Mcqs /
Aleem buys 4 horses and 9 cows for Rs. 13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of Rs. 1880. The cost of a horse is:_________?

A. Rs. 1000
B. Rs. 2000
C. Rs. 2500
D. Rs. 3000
Explanation:
Let C.P. of each horse be Rs. x and C.P. of each cow be Rs. y.
Then, 4x + 9y = 13400 — (i)
And, 10% of 4x + 20% of 9y = 1880
2/5 x + 9/5 y = 1880 => 2x + 9y = 9400 — (ii)
Solving (i) and (ii), we get : x = 2000 and y = 600.
Cost price of each horse = Rs. 2000.

Aleem buys 4 horses and 9 cows for Rs. 13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of Rs. 1880. The cost of a horse is:_________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs