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Profit and Loss Mcqs

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

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

A. 20% loss
B. 20% profit
C. 10% profit
D. 25% loss
E. None of these
Explanation:
Given that, cost price of 50 article is equal to selling price of 40 articles.
Let cost price of one article = Rs. 1
Selling price of 40 articles = Rs. 50
But Cost price of 40 articles = Rs. 40
Therefore, the trader made profit.Percentage of profit = 10/40 * 100 = 25%

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

Mathematics Mcqs, Profit and Loss Mcqs

If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is_______?

Mathematics Mcqs, Profit and Loss Mcqs /
If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is_______?

A. 1.44% loss
B. 14.4% profit
C. 14.4% loss
D. 0%
E. None of these
Explanation:
SP of each car is Rs. 325475, he gains 12% on first car and losses 12% on second car.
In this case, there will be loss and percentage of loss is given by = [(profit%)(loss%)]/100 = (12)(12)/100 % = 1.44%

If a trader sold two cars each at Rs. 325475 and gains 12% on the first and loses 12% on the second, then his profit or loss percent on the whole is_______? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

Rehman mixed 24 kg of butter at Rs. 150 per kg with 36 kg butter at the rate of Rs. 125 per kg. At what price per kg should he sell the mixture to make a profit of 40% in the transaction?

Mathematics Mcqs, Profit and Loss Mcqs /
Rehman mixed 24 kg of butter at Rs. 150 per kg with 36 kg butter at the rate of Rs. 125 per kg. At what price per kg should he sell the mixture to make a profit of 40% in the transaction?

A. Rs. 135
B. Rs. 162
C. Rs. 189
D. Rs. 198
E. None of these
Explanation:
CP per kg of mixture = [24(150) + 36(125)]/(24 + 36) = Rs. 135
SP = CP[(100 + profit%)/100]
= 135 * [(100 + 40)/100] = Rs. 189.

Rehman mixed 24 kg of butter at Rs. 150 per kg with 36 kg butter at the rate of Rs. 125 per kg. At what price per kg should he sell the mixture to make a profit of 40% in the transaction? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

If an article is sold at 19% profit instead of 12% profit, then the profit would be Rs. 105 more. What is the cost price?

Mathematics Mcqs, Profit and Loss Mcqs /
If an article is sold at 19% profit instead of 12% profit, then the profit would be Rs. 105 more. What is the cost price?

A. Rs. 1505
B. Rs. 1510
C. Rs. 1500
D. Rs. 1490
E. None of these
Explanation:
Let the cost price of an article be Rs. x.
(19% of x) – (12% of x) = 105
19x/100 – 12x/100 = 105 => 7x = 105 * 100
=> x = 1500
Cost price = Rs. 1500

If an article is sold at 19% profit instead of 12% profit, then the profit would be Rs. 105 more. What is the cost price? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?

Mathematics Mcqs, Profit and Loss Mcqs /
A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%?

A. Rs. 150
B. Rs. 144
C. Rs. 138
D. Rs. 132
E. None of these
Explanation:
Given that SP = Rs. 102 and loss = 15%
CP = [100(SP)]/(100 – l%) = (100 * 102)/85 = 20 * 6 = Rs. 120.
To get 20% profit, New SP = [(100 + p%)CP]/100 = (120 * 120)/100 = Rs. 144

A shopkeeper loses 15%, if an article is sold for Rs. 102. What should be the selling price of the article to gain 20%? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A trader sells 85 meters of cloth for Rs. 8925 at the profit of Rs. 15 per metre of cloth. What is the cost price of one metre of cloth?

Mathematics Mcqs, Profit and Loss Mcqs /
A trader sells 85 meters of cloth for Rs. 8925 at the profit of Rs. 15 per metre of cloth. What is the cost price of one metre of cloth?

A. Rs. 80
B. Rs. 85
C. Rs. 90
D. Rs. 95
E. None of these
Explanation:
SP of 1m of cloth = 8925/85 = Rs. 105
CP of 1m of cloth = SP of 1m of cloth – profit on 1m of cloth
= Rs. 105 – Rs. 15 = Rs. 90.

A trader sells 85 meters of cloth for Rs. 8925 at the profit of Rs. 15 per metre of cloth. What is the cost price of one metre of cloth? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?

Mathematics Mcqs, Profit and Loss Mcqs /
Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent?

A. 14%
B. 16%
C. 18%
D. 22%
E. None of these
Explanation:
Total CP = Rs. 42000 + Rs. 13000 = Rs. 55000 and SP = Rs. 64900
Profit(%) = (64900 – 55000)/55000 * 100 = 18%

Raheem bought an old car for Rs. 42000. He spent Rs. 13000 on repairs and sold it for Rs. 64900. What is his profit percent? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A person purchased a TV set for Rs. 16000 and a DVD player for Rs. 6250. He sold both the items together for Rs. 31150. What percentage of profit did he make?

Mathematics Mcqs, Profit and Loss Mcqs /
A person purchased a TV set for Rs. 16000 and a DVD player for Rs. 6250. He sold both the items together for Rs. 31150. What percentage of profit did he make?

A. 30%
B. 35%
C. 40%
D. 45%
E. None of these
Explanation:
The total CP = Rs. 16000 + Rs. 6250 = Rs. 22250 and SP = Rs. 31150
Profit(%) = (31150 – 22250)/22250 * 100 = 40%

A person purchased a TV set for Rs. 16000 and a DVD player for Rs. 6250. He sold both the items together for Rs. 31150. What percentage of profit did he make? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8339 for a computer table, then what was the cost price of the computer table?

Mathematics Mcqs, Profit and Loss Mcqs /
The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8339 for a computer table, then what was the cost price of the computer table?

A. Rs. 5725
B. Rs. 5275
C. Rs. 6275
D. Rs. 6725
E. None of these
Explanation:
CP = SP * (100/(100 + profit%))
= 8339(100/124) = Rs. 6725.

The owner of a furniture shop charges his customer 24% more than the cost price. If a customer paid Rs. 8339 for a computer table, then what was the cost price of the computer table? Read More »

Mathematics Mcqs, Profit and Loss Mcqs

A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram?

Mathematics Mcqs, Profit and Loss Mcqs /
A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram?

A. 855 1/2 grams
B. 833 1/3 grams
C. 833 1/2 grams
D. 875 2/7 grams
Explanation:
If the cost price is Rs.100, then to get a profit of 20%, the selling price should be Rs.120.
If 120kg are to be sold, and the dealer gives only 100kg, to get a profit of 20%.
How many grams he has to give instead of one kilogram(1000 gm).
120 gm —— 100 gm
1000 gm —— ?
(1000 * 100)/120 = 2500/3 = 833 1/3 grams.

A dishonest dealer professes to sell his goods at Cost Price but still gets 20% profit by using a false weight. What weight does he substitute for a kilogram? Read More »

Mathematics Mcqs, Profit and Loss Mcqs