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) $$33\frac{1}{3}$$