Practice MCQ Questions and Answer on Profit and Loss
31.
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
32.
A dishonest merchant sells goods at a 12.5% loss on the cost price, but uses 28 g weight instead of 36 g. What is his percentage profit or loss?
- (A) 6.25% loss
- (B) 12.5% gain
- (C) 18.75% gain
- (D) 10.5% loss
33.
An item when sold for Rs. 1690 earned 30% profit on the cost price. Then the cost price is = ?
- (A) Rs. 507
- (B) Rs. 630
- (C) Rs. 1300
- (D) Rs. 130
34.
A person purchased 10 dozen pens at the rate of Rs. 4 per dozen. On checking, he found that 20 pens were not working. In order to earn 25% profit, he should sell the remaining pens each at -
- (A) 40 paise
- (B) 44 paise
- (C) 50 paise
- (D) 55 paise
35.
A dishonest dealer sells the goods at 7% loss on cost price but uses 18% less weight. What is his percentage of profit? (Correct to 2 decimal places)
- (A) 25.65%
- (B) 12.82%
- (C) 28.75%
- (D) 13.41%
36.
By selling a bicycle for Rs. 2850, 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
37.
If the cost price of 18 articles is equal to the selling price of 16 articles, the gain or loss is = ?
- (A) 25% gain
- (B) 25% loss
- (C) $$12\frac{1}{2}$$% loss
- (D) $$12\frac{1}{2}$$% gain
38.
A shopkeeper bought 15 kg of rice at the rate of Rs. 29 per kg and 25 kg of rice at the rate of Rs. 20 per kg. He sold the mixture of both types of rice at the rate of Rs. 27 per kg. His profit in this transaction is = ?
- (A) Rs. 125
- (B) Rs. 150
- (C) Rs. 140
- (D) Rs. 145
39.
By selling 4 articles for 1 rupee, a man losses 4%. Had he sold three articles per rupee, the profit would have been = ?
- (A) 30%
- (B) 28%
- (C) 16%
- (D) 12%
40.
If the loss of percent on article is 15%. Then the ratio of the cost price and selling price will be = ?
- (A) 17 : 20
- (B) 20 : 17
- (C) 23 : 15
- (D) 15 : 23