Practice MCQ Questions and Answer on Profit and Loss
21.
Prateek sold a music system to Karthik at 20% gain and karthik sold it to Swastik at 40% gain. If Swastik paid Rs. 10500 for the music system, What amount did Prateek pay for the same ?
- (A) Rs. 6250
- (B) Rs. 7500
- (C) Rs. 8240
- (D) Cannot be determined
22.
A milkman cheats his customer in two ways. He mixes 10% water in pure milk and increases the price of milk by 10% . He purchases 20 kg pure milk at a rate of Rs. 15 per kg. His total profit by selling it is -
- (A) Rs. 40
- (B) Rs. 63
- (C) Rs. 80
- (D) Rs. 100
23.
A trader bought 640 kg of rice. He sold a part of the rice at 20% profit and the rest of 5% loss. He earned a profit of 15% in the entire transaction. What is the ratio of the quantity of rice that he sold at a loss of 5% to that of the quantity that he sold at a profit of 20%?
- (A) 3 : 1
- (B) 1 : 3
- (C) 4 : 1
- (D) 1 : 4
24.
A man purchased 150 pens at the rate of Rs. 12 per pen. He sold 50 pens at a gain of 10%. The percentage gain at which he must sell the remaining pens so as to gain 15% on the whole outlay is = ?
- (A) $$21\frac{1}{2}$$%
- (B) 20%
- (C) 17%
- (D) $$17\frac{1}{2}$$%
25.
A shopkeeper bought 40 pieces of an article at a rate of Rs. 50 per item. He sold 35 pieces with 20% profit. The remaining 5 pieces were found to be damaged and he sold them with 10% loss. Find his overall profit percentage.
- (A) 30%
- (B) 32.5%
- (C) 16.25%
- (D) 10%
26.
Raghavan purchase a scooter at $$\frac{13}{15}$$ of its selling price and sold it at 12% more than its selling price. His gain is -
- (A) 20%
- (B) $$29\frac{3}{{13}}$$%
- (C) 30%
- (D) $$38\frac{1}{{13}}$$%
27.
When an article was sold for Rs. 696, percent profit earned was P%. When the same article was sold for Rs. 841, percent profit earned was (p + 25%). What is the value of P?
- (A) 10%
- (B) 25%
- (C) 15%
- (D) 20%
28.
A merchant marked cloth at Rs. 50 metre. He offers 2 successive discounts of 15% and 20%. The net price/metre is = ?
- (A) Rs. 32.50
- (B) Rs. 42.50
- (C) Rs. 34.00
- (D) Rs. 40.00
29.
A shopkeeper sells sugar in such a way that the selling price of 950g of sugar is the same s the cost price of 1 kg of sugar. What is his gain percent?
- (A) $$5 {\frac{5}{{19}}} \% $$
- (B) $$5 {\frac{1}{{5}}} \% $$
- (C) 5 %
- (D) $$4 {\frac{1}{{19}}} \% $$
30.
By selling 80 ball pens for Rs. 140 a retailer losses 30%. How many ball pens should he sell for Rs. 104 so as to make a profit of 30% ?
- (A) 32
- (B) 52
- (C) 48
- (D) 42