Practice MCQ Questions and Answer on Profit and Loss
1.
The marked price of a CD is Rs. 250. It is sold for Rs. 225. The rate of discount is = ?
- (A) $$11\frac{1}{9}$$%
- (B) 25%
- (C) 2.5%
- (D) 10%
2.
An increase of Rs. 3 in the selling price of an article turns a loss of $$7\frac{1}{2}$$% into a gain of $$7\frac{1}{2}$$%. The cost price in (Rs.) of the article is -
- (A) 10
- (B) 15
- (C) 20
- (D) 25
3.
A firm of readymade garments makes both men's and women's shirts. Its average profit is 6% of the sales. Its profit in men's shirt average 8% of the sales and women's shirts comprise 60% of the output. The average profit per sales rupee in women's shirts is
- (A) 0.0166
- (B) 0.0466
- (C) 0.0666
- (D) None of these
4.
A man bought two goats for Rs. 1008. He sold one at a loss of 20% and other at a profit of 44% if each goat was sold for the same price the cost price of the goat which was sold at loss, was = ?
- (A) Rs. 648
- (B) Rs. 360
- (C) Rs. 568
- (D) Rs. 440
5.
If selling price of an article is $$\frac{8}{5}$$ times of its cost price, the profit percent on it is = ?
- (A) 120%
- (B) 160%
- (C) 40%
- (D) 60%
6.
A merchant buys an article for Rs. 27 and sells it at a profit of 10 percent of the selling price. The selling price of the article is -
- (A) Rs. 29.70
- (B) Rs. 30
- (C) Rs. 32
- (D) Rs. 37
7.
A man sells his goods at a certain price, 20% of which is his profit. If the price at which he buys the goods increases by 10% and he sells them at an 8% higher price, then what will be his profit percent (correct to one decimal place)?
- (A) 21.8
- (B) 23.4
- (C) 21.4
- (D) 22.7
8.
A man buys a toy for Rs. 25 and sells it for Rs. 30. His gain percent is = ?
- (A) 20%
- (B) 10%
- (C) 5%
- (D) 2.5%
9.
The price of an article by 30% and then two successive discounts of 10% each are allowed. Ultimately, the price of the article is -
- (A) Decreased by 5.3%
- (B) Increased by 3%
- (C) Increased by 5.3%
- (D) Decreased by 10%
10.
Two successive price increase of 10% and 10% of an article are equivalent to a single price increase of:
- (A) $$26\frac{2}{3}$$
- (B) 25%
- (C) 21%
- (D) $$33\frac{1}{3}$$