Profit and Loss MCQs for Competitive Examination
Solve the following problems.
Q. 21
A person sold an article at a loss of 15%. Had he sold it for Rs 30.60 more, he would have gained 9%. To gain 10% he should have sold it for
(A) Rs 140.25
(B) Rs 132
(C) Rs 130
(D) Rs 128.40
Answer: (A) Rs 140.25
Explanation: N/A
Q. 22
The marked price of an article is Rs 315. It is sold for Rs 288. If there is a loss of 4% then by what per cent above the cost of the article marked?
(A) 5
(B) 8
(C) 1/2
(D) 5(1/2)
Answer: (A) 5
Explanation: N/A
Q. 23
Renu bought an article for Rs 1, 240 and sold it at a loss of 25%. With this amount she bought another article and sold it at a gain of 40%. Her overall percentage profit as
(A) 12
(B) 6(2/3)
(C) 5
(D) 15
Answer: (C) 5
Explanation: N/A
Q. 24
The marked price of an article is Rs 600. After allowing a discount of 25% on the marked price there was a loss of Rs 30. The loss percentage is
(A) 75%
(B) 7.25%
(C) 6.25%
(D) 6.50%
Answer: (C) 6.25%
Explanation: N/A
Q. 25
By selling 72 articles a loss equal to the selling of 8 articles was incurred. What is the loss percentage?
(A) 20%
(B) 10%
(C) 9(1/9)%
(D) 11(1/9)%
Answer: (B) 10%
Explanation: N/A
Q. 26
A person sold an article at a loss of 8%. Had he sold it at a gain 10.5% he would have received Rs 37 more. What is the cost price of the article?
(A) Rs 200
(B) Rs 250
(C) Rs 240
(D) Rs 210
Answer: (A) Rs 200
Explanation: N/A
Q. 27
A shopkeeper marks his goods at a price such that after giving a discount of 25% he gains 20%. If the cost price of the article is Rs 460. What is its marked price?
(A) Rs 736
(B) Rs 748
(C) Rs 728
(D) Rs 752
Answer: (A) Rs 736
Explanation: N/A
Q. 28
Selling price of an article is 8/7 of cost price. What is the profit percentage?
(A) 100/9
(B) 100/11
(C) 100/8
(D) 100/7
Answer: (D) 100/7
Explanation: N/A
Q. 29
Cost of 4 pens, 6 notebooks and 9 files is Rs 305. Cost of 3 pens, 4 notebooks and 2 files is Rs 145. What is the cost of 5 pens, 8 notebooks and 16 files?
(A) Rs 415
(B) Rs 465
(C) Rs 440
(D) Cannot be determined
Answer: (B) Rs 465
Explanation: Let cost a pen =x, cost of a notebook = y, and cost of a file = z
According to the question, 4x + 6y + 9z = 305———–(I)
and 3x + 4y + 2z = 145———(II)
Now, 2 * (I) – (II)
5x + 8y + 16z = 465
Q. 30
If the selling price is tripled and the cost price doubled the profit would become 65%. What is the present profit (in %)?
(A) 20
(B) 15
(C) 25
(D) 10
Answer: (D) 10
Explanation: N/A
Q. 31
A vendor buys bananas at 9 for Rs 8 and sells at 8 for Rs 9. What will be the profit or loss?
(A) 13.28% profit
(B) 26.56% profit
(C) 26.56% profit
(D) 13.28% loss
Answer: (C) 26.56% profit
Explanation: N/A
Q. 32
On a certain item profit is 150%. If the cost price increases by 25%. What will be the new profit margin?
(A) 25 %
(B) 50 %
(C) 100 %
(D) 75 %
Answer: (C) 100 %
Explanation: N/A
Q. 33
A wholesaler had 200 dozens of mangoes. He sold some of these mangoes at 20% profit and the rest at 10% profit, so that he made 13% profit on selling all the mangoes. How many mangoes (in dozens) did he sell at 20% profit?
(A) 140
(B) 60
(C) 80
(D) 120
Answer: (B) 60
Explanation: N/A
Q. 34
At a village trade fair, a man buys a horse and a camel together for Rs 51, 250. He sold the horse at a profit of 25% and the camel at a loss of 20%. If he sold both the animals at the same price, then the cost price of the cheaper animal was Rs______.
(A) 6600
(B) 7500
(C) 25000
(D) 20000
Answer: (D) 20000
Explanation: N/A
Q. 35
A trader had 1200 kg of rice. He sold a part of is at 5% profit and the rest at 11% profit, so that he made a total profit of 7%. How much (in kg) rice did he sell at 5% profit?
(A) 900
(B) 600
(C) 400
(D) 800
Answer: (D) 800
Explanation: N/A
Q. 36
A trader sold an article at a profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, he would have gained 50%. What is the value of cost price?
(A) Rs 150
(B) Rs 200
(C) Rs 250
(D) Rs 300
Answer: (A) Rs 150
Explanation: Let Cost Price = Rs 100, Selling Price = Rs 120
If Cost Price = Rs 40
Profit = 50%, hence Selling Price = (40 * 150)/100 = Rs 60
Difference of Selling Price = (120 – 60) = Rs 60
When difference is Rs 60, Cost Price = 100
When difference is 90, Cost Price = Rs 150
Q. 37
The ratio of cost price and selling price of an article is 25 : 26. The per cent of profit will be
(A) 26%
(B) 25%
(C) 1%
(D) 4%
Answer: (D) 4%
Explanation: N/A
Q. 38
Profit obtained on selling an article for Rs 540 is equal to the loss incurred on selling the article for Rs 370. If the selling price is Rs 910, then what is the profit per cent?
(A) 16(2/3)
(B) 33(1/3)
(C) 50
(D) 100
Answer: (D) 100
Explanation: N/A
Q. 39
A man bought 500 metres of electronic wire at 50 paise per metre. He sold 50% of it at a profit of 5%. At what per cent should he sell the remainder so as to gain 10% on the whole transaction?
(A) 13 %
(B) 12.5 %
(C) 15 %
(D) 20 %
Answer: (C) 15 %
Explanation: N/A
Q. 40
By selling cloth at Rs 9 per meter, a shopkeeper loses 10%. Find the rate at which it should be sold so as to earn profit of 15%
(A) Rs 11.20
(B) Rs 11.30
(C) Rs 11.40
(D) Rs 11.50
Answer: (D) Rs 11.50
Explanation: N/A