Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Profit and Loss Mcqs

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

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

A. 5
B. 8
C. 10
D. 15
Explanation:
Let S.P. of 12 toffees be Rs. x.
Then, 80:1 = 120:x or x = 120/180 = 3/2
For Rs. 3/2, toffees sold = 12.
For Re. 1, toffees sold = 12 * 2/3 = 8

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

Mathematics Mcqs, Profit and Loss Mcqs

A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

Mathematics Mcqs, Profit and Loss Mcqs /
A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A. 3
B. 4
C. 5
D. 6
Explanation:
C.P. of 6 toffees = Re. 1
S.P. of 6 toffees = 120% of Re. 1 = Rs. 6/5
For Rs. 6/5, toffees sold = 6. For re. 1.
Toffees sold = 6 * 5/6 = 5

A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of:________?

Mathematics Mcqs, Profit and Loss Mcqs /
On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of:________?

A. 15%
B. 16 1/6%
C. 16 2/3%
D. 20%
Explanation:
Clearly, the retailer gets 1 dozen out of 6 dozens free.
Equivalent discount = 1/6 * 100 = 16 2/3%.

On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of:________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is:

Mathematics Mcqs, Profit and Loss Mcqs /
If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is:

A. 20% loss
B. 20% gain
C. 25% loss
D. 25% gain
Explanation:
Let C.P. of each article be Re. 1.
Then, C.P. of 50 articles = Rs. 50;
S.P. of 50 articles = Rs. 40.
Loss % = 10/50 * 100 = 20%

If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is: Read More »

Mathematics Mcqs, Profit and Loss Mcqs

If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:

Mathematics Mcqs, Profit and Loss Mcqs /
If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:

A. 25%
B. 33 1/3 %
C. 50%
D. 66 2/3 %
Explanation:
Let C.P. of each pen be Re. 1.
Then, C.P. of 8 pens = Rs. 8; S.P. of 8 pens = Rs. 12.
Gain % = 4/8 * 100 = 50%

If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is: Read More »

Mathematics Mcqs, Profit and Loss Mcqs

The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

Mathematics Mcqs, Profit and Loss Mcqs /
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

A. Rs. 2000
B. Rs. 2200
C. Rs. 2400
D. None of these
Explanation:
Let C.P. be Rs. x.
Then, (1920 – x)/x * 100 = (x – 1280)/x * 100
1920 – x = x – 1280
2x = 3200 => x = 1600
Required S.P. = 125 % of Rs. 1600 = 125/100 * 1600 = Rs. 2000.

The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit?

Mathematics Mcqs, Profit and Loss Mcqs /
The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit?

A. Rs. 920
B. Rs. 960
C. Rs. 1060
D. Rs. 1200
Explanation:
Let C.P. = Rs. x.
Then, 832 – x = x – 448
2x = 1280 => x = 640
Required S.P. = 150% of Rs. 640 = 150/100 * 640 = Rs. 960.

The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

Mathematics Mcqs, Profit and Loss Mcqs /
In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

A. 30%
B. 70%
C. 100%
D. 250%
Explanation:
Let C.P. = Rs. 100. Then, profit = Rs. 320, S.P. = Rs. 420
New C.P. = 125% of Rs. 100 = Rs. 125.
New S.P. = Rs. 420
Profit = 420 – 125 = Rs. 295
Required percentage = 295/420 * 100 = 1475/21 = 70%

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

If selling price is doubled, the profit triples. Find the profit percent:

Mathematics Mcqs, Profit and Loss Mcqs /
If selling price is doubled, the profit triples. Find the profit percent:

A. 66 2/3
B. 100
C. 105 1/3
D. 120
Explanation:
Let C.P. be Rs. x and S.P. be Rx. y.
Then, 3(y – x) = (2y – x) => y = 2x
Profit = (y – x) = Rs. (2x – x) = Rs. x
Profit % = x/x * 100 = 100%.

If selling price is doubled, the profit triples. Find the profit percent: Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:________?

Mathematics Mcqs, Profit and Loss Mcqs /
A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:________?

A. 40
B. 100
C. 120
D. 140
Explanation:
Let C.P. = Rs. x.
Then, S.P. = Rs. (12% of x) = Rs. 6x/5
New S.P. = 2 * 6x/5 = Rs. 12x/5
Profit = 12x/5 – x = Rs. 7x/5
Profit = 7x/5 * 1/x * 100 = 140%.

A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:________? Read More »

Mathematics Mcqs, Profit and Loss Mcqs