MCQs with Solutions for all Competitive Examinations

Profit and Loss MCQs for Competitive Examination

Solve the following problems.

Q. 61
An item costing Rs 840 was sold by a shopkeeper at a gain of 10% and it was again sold by the new buyer at a loss of 5%. The final selling price of the item is

(A) Rs 877.80
(B) Rs 798
(C) Rs 924
(D) Rs 37.80

Answer: (A) Rs 877.80
Explanation: N/A

Q. 62
An article was sold at a profit of 12%. If the cost price would be 10% less and selling price would be Rs 5.75 more, there would be a profit of 30%. Then at what price it should be sold to make a profit of 20%?

(A) Rs 115
(B) Rs 120
(C) Rs 138
(D) Rs 215

Answer: (C) Rs 138
Explanation: N/A

Q. 63
Sourav purchased 30 kg of rice at the rate of Rs 10 per kg and 35 kg at the rate of Rs 11 per kg. He mixed the two. At what price per kg (in Rs) should he sell the mixture to make a 30% profit in the transaction?

(A) 12.5
(B) 13
(C) 13.7
(D) 14.25

Answer: (C) 13.7
Explanation: N/A

Q. 64
A dishonest dealer professes to sell his goods at the cost price but uses a false weight of 850 g instead of 1 kg. His gain per cent is

(A) 17(12/17)%
(B) 17(11/17)%
(C) 71(11/17)%
(D) 11(11/17)%

Answer: (B) 17(11/17)%
Explanation: N/A

Q. 65
A merchant bought 200 eggs, out of which 38 eggs were broken. He sold the remaining eggs at the rate of Rs 4.80 per dozen and thus gained 8%. His total investment is

(A) Rs 80
(B) Rs 60
(C) Rs 45
(D) Rs 120

Answer: (B) Rs 60
Explanation: N/A

Q. 66
A tradesman marks his goods 30% more than the cost price. If he allows a discount of 6(1/4)%, then his gain per cent is

(A) 23(3/4)%
(B) 22%
(C) 21(7/8)%
(D) 30%

Answer: (C) 21(7/8)%
Explanation: N/A

Q. 67
The cost of manufacture of a tape recorder is Rs 1500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a discount in such a way as to get a profit of 8%. The rate of discount is

(A) 12%
(B) 8%
(C) 20%
(D) 10%

Answer: (D) 10%
Explanation: N/A

Q. 68
How much per cent above the cost price should a shopkeeper mark his goods so as to earn a profit of 32% after allowing a discount of 12% on the marked price?

(A) 50%
(B) 40%
(C) 60%
(D) 45%

Answer: (A) 50%
Explanation: N/A

Q. 69
To gain 8% after allowing a discount of 10%, by what per cent cost price should be hiked in the list price?

(A) 9%
(B) 11%
(C) 18%
(D) 20%

Answer: (D) 20%
Explanation: N/A

Q. 70
The marked price of an article is 50% above the cost price. When the marked price is increased by 20% and selling price is increased by 20%, the profit doubles. If the original marked price is Rs 300, then the original selling price is

(A) Rs 200
(B) Rs 250
(C) Rs 240
(D) Rs 275

Answer: (B) Rs 250
Explanation: N/A

Q. 71
A shopkeeper allows 23% commission on his advertised price and still makes a profit of 10%. If he gains Rs 56 on one item, his advertised price of the item (In Rs) is

(A) 820
(B) 780
(C) 790
(D) 800

Answer: (D) 800
Explanation: N/A

Q. 72
The marked price of an article is 10% higher than cost price. A discount of 10% is given on marked price. In this kind of sale, the seller bears

(A) No loss, no gain
(B) A loss of 5%
(C) A gain of 1%
(D) A loss of 1%

Answer: (D) A loss of 1%
Explanation: N/A

Q. 73
At what per cent above the cost price, must a shopkeeper mark his goods so that he gains 20% even after giving a discount of 10% on the marked price?

(A) 25%
(B) 30%
(C) 33(1/3)%
(D) 37(1/2)%

Answer: (C) 33(1/3)%
Explanation: N/A

Q. 74
A clock was sold for Rs 144. If the percentage of profit was numerically equal to the cost price, the cost of the clock was

(A) Rs 72
(B) Rs 80
(C) Rs 90
(D) Rs 100

Answer: (B) Rs 80
Explanation: N/A

Q. 75
By selling 12 kg of potatoes for Rs 63, a shopkeeper gains 5%. What does he gain or lose per cent by selling 50 kg of the same potatoes for Rs 247.50?

(A) 1% loss
(B) No profit no loss
(C) 2.5% loss
(D) 1% profit

Answer: (A) 1% loss
Explanation: N/A

Q. 76
A businessman bought an article and sold it at a loss of 5%. If he had bought it for 10% less and sold it for Rs 33 more, he would have had a profit of 30%. The cost price of the article is

(A) Rs 330
(B) Rs 155
(C) Rs 150
(D) Rs 300

Answer: (C) Rs 150
Explanation: N/A

Q. 77
A man purchased an article and sold it to B at a profit of 25% and B sold it to C at a loss of 10% and C paid Rs 675 for it. For how much did A purchase it (in Rs)?

(A) 625
(B) 575
(C) 600
(D) 550

Answer: (C) 600
Explanation: N/A

Q. 78
If the difference between the selling prices of an article at profit of 6% and 4% is Rs 3, then the cost price of the article should be

(A) Rs 100
(B) Rs 150
(C) Rs 175
(D) Rs 200

Answer: (B) Rs 150
Explanation: N/A

Q. 79
A manufacturer fixes his selling price at 33% over the cost of production. If the cost of production goes up by 12% and the manufacturer raises his selling price by 10%, his percentage profit is

(A) 28(3/8)%
(B) 30(5/8)%
(C) 36(5/9)%
(D) 35%

Answer: (B) 30(5/8)%
Explanation: N/A

Q. 80
If a man reduces the selling price of a fan from Rs 1250 to Rs 1000 his loss increases by 10%. The cost price of the fan is

(A) Rs 2400
(B) Rs 2450
(C) Rs 2500
(D) Rs 2350

Answer: (C) Rs 2500
Explanation: N/A

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