MCQs > General Knowledge & Aptitude > Profit And Loss MCQs > Basic Profit and Loss MCQs

Basic Profit and Loss MCQ

1. A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is.

Answer

Correct Answer: 21%

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2. The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs 3. The ratio of two selling prices is

Answer

Correct Answer: 52:53

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3. A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

Answer

Correct Answer: 7%

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4. A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is

Answer

Correct Answer: 12%

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5. A material is purchased for Rs. 600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage

Answer

Correct Answer: 2 1/2

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6. If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265

Answer

Correct Answer: 800

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7. A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%

Answer

Correct Answer: 11.81

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8. A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was

Answer

Correct Answer: 200

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9. If the cost price of 12 items is equal to the selling price of 16 items, the loss percent is

Answer

Correct Answer: 25%

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10. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25% then determine the value of x.

Answer

Correct Answer: 16

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11. 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

Answer

Correct Answer: 70%

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

Answer

Correct Answer: 50%

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

Answer

Correct Answer: 140%

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14. A shopkeeper sells a transistor at Rs. 840 at a gain of 20% and another for Rs. 960 at the loss of 4%. Find his total gain percent.

Answer

Correct Answer: 5 15/17%

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15. A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.

Answer

Correct Answer: 25300

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16. A shopkeeper expects a gain of 45/2 % on his C.P. If his sale was Rs. 392, then find his profit.

Answer

Correct Answer: 70

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17. Sushil purchased a machine at Rs 10000, then got it repaired at Rs 5000, then gave its transportation charges Rs 1000. Then he sold it with 50% of profit. At what price he actually sold it.

Answer

Correct Answer: 24000

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18. A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item.

Answer

Correct Answer: 960

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19. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of 48 per dozen. The percentage of profit is

Answer

Correct Answer: 14 2/7%

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20. A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

Answer

Correct Answer: 72

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21. Souvik purchased 70kg vegetable at Rs. 420, then sold them at the rate of Rs. 6.50 per kg, find the profit percent.

Answer

Correct Answer: 8 1/3%

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22. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x

Answer

Correct Answer: 16

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23. If the cost price is 25% of selling price. Then what is the profit percent.

Answer

Correct Answer: 400%

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24. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is

Answer

Correct Answer: 5 5/11%

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25. A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

Answer

Correct Answer: 1260

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

Answer

Correct Answer: 5

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27. A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.

Answer

Correct Answer: 20%

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28. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is

Answer

Correct Answer: 16

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29. A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

Answer

Correct Answer: 4%

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30. 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 eight books ?

Answer

Correct Answer: 1800

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