Practice MCQ Questions and Answer on Profit and Loss
461.
If selling price of an article is $$\frac{8}{5}$$ times of its cost price, the profit percent on it is = ?
- (A) 120%
- (B) 160%
- (C) 40%
- (D) 60%
462.
Profit on selling 10 candles equals selling price of 3 bulbs. While loss on selling 10 bulbs equal selling price of 4 candles. Also profit percentage equals to the loss percentage and cost of a candle is half of the cost of a bulb. What is the ratio of selling price of candles to the selling price of a bulb?
- (A) 5 : 4
- (B) 3 : 2
- (C) 4 : 5
- (D) 3 : 4
463.
The sale price of an article including the sales tax is Rs. 1232. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is = ?
- (A) Rs. 900
- (B) Rs. 950
- (C) Rs. 1000
- (D) Rs. 1120
464.
How much percent above the cost price should a shopkeeper marks his goods so as to earn a profit of 32% after allowing a discount of 12% on the marked price = ?
- (A) 50%
- (B) 40%
- (C) 60%
- (D) 45%
465.
A got 30% concession on the label price of an article and sold for Rs. 8750 with 25% profit on the price he bought. The label price was = ?
- (A) Rs. 13000
- (B) Rs. 16000
- (C) Rs. 12000
- (D) Rs. 10000
466.
A faulty weighing machine reads 1 kg when 900 gm is actually weighted on it. The shopkeeper marked the price of his goods by 10%, but unfortunately he was caught by the metrology department and then they ordered him to repair his weighing machine and gave punishment to sell the goods at 10% discount on cost price for a month. If each customer is now paying Rs. 20 for 1 kg, then before the raid . . . . . . . . amount they have paid for the same quantity. (Rounded off to two places of decimal)
- (A) Rs. 27.16
- (B) Rs. 27.04
- (C) Rs. 28.05
- (D) Rs. 28.15
467.
The profit percentage on three articles A, B and C is 10%, 20%, and 25% and the ratio of the cost price is 1 : 2 : 4. Also the ratio of number of articles sold of A, B and C is 2 : 5 : 2, then overall profit percentage is:
- (A) 18.5%
- (B) 21%
- (C) 23%
- (D) 27%
468.
Raza purchased a bicycle for Rs. 6810. He had paid a VAT of 13.5%. The list price of the bicycle was = ?
- (A) Rs. 6696.50
- (B) Rs. 6140
- (C) Rs. 5970.50
- (D) Rs. 6000
469.
The marked price of an item is twice the cost price. For a gain of 15%, the discount should be:
- (A) 7.5%
- (B) 20.5%
- (C) 32.5%
- (D) 42.5%
470.
The price of an article reduces to 576 after two successive discounts. The markup is 80% above the cost price of Rs. 500. What is the new profit percentage if instead of two successive discounts the markup price was further increased successively two times by the same percentage?
- (A) 259.2%
- (B) 157%
- (C) 159.2%
- (D) 300%