Practice MCQ Questions and Answer on Profit and Loss
121.
A sells a suitcase to B at 10% profit. If B pays Rs. 2860 for it, then the price of which A bought is = ?
- (A) Rs. 1000
- (B) Rs. 1600
- (C) Rs. 2600
- (D) Rs. 2500
122.
A dishonest dealer marks up the price of his goods by 20% and gives a discount of 10% to the customer. He also uses a 900 gram weight instead of a 1 kilogram weight. Find his percentage profit due to these maneuvers?
- (A) 20%
- (B) 11%
- (C) 14%
- (D) 18%
123.
A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:
- (A) A neither losses nor gains
- (B) A makes a profit of 11%
- (C) A makes a profit of 20%
- (D) B loses 20%
124.
A dealer buys an article listed at Rs. 100 and gets successive discount of 10% and 20% . He spends 10% of the cost price on transportation. At what price should he sell the article to earn a profit of 15% ?
- (A) Rs. 90.80
- (B) Rs. 92.00
- (C) Rs. 91.20
- (D) Rs. 91.08
125.
A loss of 20% gets converted into a profit of 15% when the selling price of an article is increased by Rs. 70. Find the cost price of the article = ?
- (A) Rs. 100
- (B) Rs. 150
- (C) Rs. 200
- (D) Rs. 250
126.
Abhishek purchased 140 shirts and 250 trousers @ Rs. 450 and @ Rs. 550 respectively. What should be the overall average selling price of shirts and trousers so that 40% profit is earned ? (rounded off to next integer)
- (A) Rs. 700
- (B) Rs. 710
- (C) Rs. 720
- (D) Rs. 725
127.
A man buys a chair and table for Rs. 6000. He sells the chair at a loss of 10% and the table at gain of 10%. He still gains Rs. 100 on the whole. Cost price of chair is:
- (A) Rs. 2500
- (B) Rs. 2850
- (C) Rs. 3050
- (D) Rs. 3500
128.
On a Rs. 10000 payment order, a person has choice between 3 successive discounts of 10%, 10% and 30%, and 3 successive discounts of 40%, 5% and 5%. By choosing the better one he can save (in rupees)
- (A) 200
- (B) 255
- (C) 400
- (D) 433
129.
A trader marked his goods at 20% above the cost price. He sold half the stock at the marked price,one quarter at a discount of 20% on the marked price and the rest at a discount of 40% on the marked price. His total gain is -
- (A) 2%
- (B) 4.5%
- (C) 13.5%
- (D) 15%
130.
A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs. 40 then how many metres of cloth costing Rs. 32 per metre he should purchase = ?
- (A) 6m
- (B) 5m
- (C) 10m
- (D) 7m