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