Practice MCQ Questions and Answer on Profit and Loss
51.
A house and a shop were sold for Rs. 1 lakh each. In this transaction, the house sale resulted into 20% loss whereas the shop sale resulted into 20% profit. The entire transaction resulted in -
- (A) No loss, no gain
- (B) Loss of Rs. $$\frac{1}{12}$$ lakh
- (C) Loss of Rs. $$\frac{1}{18}$$ lakh
- (D) Gain of Rs. $$\frac{1}{24}$$ lakh
52.
List price of a book is Rs. 100. A dealer sells three such books for Rs. 274.50 after allowing discount at a certain rate, find the rate of discount = ?
- (A) 8.33%
- (B) 8.16%
- (C) 8.50%
- (D) 8.34%
53.
A shopkeeper calculate percentage profit on the buying price and another on the selling price. What will be their difference in profits if both claim a profit of 20% on goods sold for Rs. 3000?
- (A) Rs. 200
- (B) Rs. 100
- (C) Rs. 150
- (D) Rs. 400
54.
A person sold an article at a loss of 16%. Had he sold it for Rs. 660 more, he would have gained 8%. If the article is sold at Rs. 3,080, then how much profit percentage is gained?
- (A) 20%
- (B) 15%
- (C) 12%
- (D) 10%
55.
An article is sold at a certain price. If it is sold at 80% of this price, then there will be a loss of 10%. What is the percentage profit when the article is sold at the original selling price?
- (A) $$15\frac{1}{2}$$
- (B) $$12\frac{1}{2}$$
- (C) 15
- (D) 12
56.
By selling an article at $$\frac{2}{3}$$ of the marked price, there is a loss of 10% . The profit percent, when the article is sold at the marked price, is -
- (A) 20%
- (B) 30%
- (C) 35%
- (D) 40%
57.
A man bought oranges at the rate of 8 for Rs. 34 and sold them at the rate of 12 for Rs. 57. How many oranges should be sold to earn a net profit of Rs. 45 ?
- (A) 90
- (B) 100
- (C) 135
- (D) 150
58.
An umbrella marked at Rs. 80 is sold for Rs. 68. The following rate of discount is:
- (A) 15%
- (B) 17%
- (C) 18.5%
- (D) 20%
59.
Anil bought two articles A and B at a total cost of Rs. 10,000. He sold the article A at 15% profit and the article B at 10% loss. In the whole deal, he made no profit or no loss. Find the selling price of the article A.
- (A) Rs. 4,500
- (B) Rs. 5,400
- (C) Rs. 4,600
- (D) Rs. 4,200
60.
By selling an umbrella for Rs. 300, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is -
- (A) 7%
- (B) 7.5%
- (C) 8%
- (D) 9%