Practice MCQ Questions and Answer on Profit and Loss

21.

Sanjay made a profit of 8% by selling a shirt after offering a discount of 12%. If the marked price of the shirt is Rs. 1080, find cost price = ?

  • (A) Rs. 890
  • (B) Rs. 780
  • (C) Rs. 880
  • (D) Rs. 900

22.

A publisher printed 2000 copies of a book at a cost of Rs. 70000. He distributes 400 copies free as specimen copies. He gave 30% discount on marked price of each book which is Rs. 75. What is his gain or loss percentage = ?

  • (A) 20% gain
  • (B) 20% loss
  • (C) 10% loss
  • (D) 10% gain

23.

A shopkeeper allows 23% commission on his advertised price and still makes a profit of 10% . If he gains Rs. 56 on one item, his advertised price of the item, in Rs. is = ?

  • (A) 820
  • (B) 780
  • (C) 790
  • (D) 800

24.

A dealer purchased a washing machine for Rs. 7660. After allowing a discount of 12% on its marked price, he still gains 10% . Find the marked price of the washing machine = ?

  • (A) Rs. 9575
  • (B) Rs. 8426
  • (C) Rs. 8246
  • (D) Rs. 9755

25.

Find the selling price of goods if two salesmen claim to make 25% profit each, one calculating it on cost price while another on the selling price, the difference in the profits earned being Rs. 100 and selling price being the same in both the cases?

  • (A) Rs. 1200
  • (B) Rs. 1600
  • (C) Rs. 2400
  • (D) Rs. 2500

26.

By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:

  • (A) Rs. 2600
  • (B) Rs. 2700
  • (C) Rs. 2800
  • (D) Rs. 3000

27.

By mixing two brands of tea and selling the mixture at the rate of Rs. 177 per kg, a shopkeeper makes a profit of 18% . If to every 2 kg of one brand costing Rs. 200 per kg, 3 kg of the other brand is added, then how much per kg does he other brand cost ?

  • (A) Rs. 110
  • (B) Rs. 120
  • (C) Rs. 140
  • (D) None of these

28.

A bookseller procures 40 books for Rs. 3200 and sells them at a profit equal to the selling price of 8 books. What is the selling price of one dozen books, if the price of each book is same?

  • (A) Rs. 720
  • (B) Rs. 960
  • (C) Rs. 1200
  • (D) Rs. 1440

29.

A sold a watch to B at a profit of 20%. B sold it to C at 30% profit. C sold it to D at 10% loss. If B's profit is Rs. 80 more than that of A, then D bought it for:

  • (A) Rs. 700
  • (B) Rs. 680
  • (C) Rs. 652
  • (D) Rs. 702

30.

A discount series of p% and q% on an invoice is the same as a single discount of -

  • (A) [p+q+pq100]%
  • (B) [pq+pq100]%
  • (C) 100 - [p+q+pq100]%
  • (D) None of these