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**Profit and Loss Online MCQs with Answers**

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**Profit and Loss Online MCQs**

1. Some mangoes are purchased at the rate of 8 mangoes/Rs and some more mangoes at the rate of 6 mangoes/Rs, investment being equal in both the cases. Now, the whole quantity is sold at the rate of 3.5 mangoes/Rs What is the net percentage proï¬t/loss?

100% profit

110% profit

50% profit

70% profit

None of these

Correct Ans: 100% profit

2. A man would gain 25% by selling a chair for Rs. 47.5 and would gain 15% by selling a table for Rs. 57.5. He sells the chair for Rs. 45; what is the least price for which he must sell the table to avoid any loss on the two together?

Rs. 41.2

Rs. 42.2

Rs. 43

Rs. 45.2

None of these

Correct Ans: Rs. 43

3. By selling a pen at a profit of 60% a man got Rs 38 more than one third of its cost price. What is the cost price of pen?

30

45

60

70

None of these

Correct Ans: 30

4. Vipin started a business with an investment of Rs. 42,000. After 5 months Amit joined him with a capital of Rs. 22,000. At the end of the year the total profit was Rs.16,409. What is Vipin”™s share in the profit?

Rs. 12564

Rs. 12568

Rs. 12578

Rs. 12562

None of these

Correct Ans: Rs. 12568

5. Rahim marks up all Jeans in his shop 20% higher. He gave 25% discount on 2/5th of the total Jeans and 12% discount on 1/4th of the total Jeans. If Rahim gets an overall profit of 2.3%, then what percentage of discount should be given by Rahim to customers on the remaining Jeans.

5%

7%

8%

6%

None of these

Correct Ans: 5%

6. An article is sold at a loss of 10%. Had it been sold for Rs. 9 more, there would have been a gain of 12 (1/2)% on it. The cost price of the article is

20

30

40

60

None of these

Correct Ans: 40

7. A shopkeeper sold some articles at Rs.35 per article and earned a profit of 40%. At what price each article should have been sold so that 60% profit was earned?

40

25

34

60

None of these

Correct Ans: 40

8. A, B and C invested in the ratio 5:6:8 respectively. If C invested for “œx” month and A and B invested for one year. At the end of the year C”™s profit is Rs. 3200 and difference between the profit of A and B is Rs. 600 then what is the value of “œx”?

8 months

5 months

6 months

7 months

9 months

Correct Ans: 8 months

9. If the ratio between the cost price and marked price of an article is 2:3. If the selling price of that article is Rs 1920 and the shopkeeper gave two successive discounts of 20% on the marked price. Find the loss during this transaction?

80 Rs

20 Rs

40 Rs

60 Rs

50 Rs

Correct Ans: 80 Rs

10. 40 % of goods are sold at 10 % loss while the remaining is sold at 20 % profit. If there is total profit of Rs. 640, then the worth of goods sold is?

Rs. 8000

Rs. 9500

Rs. 8600

Rs. 9200

None of these

Correct Ans: Rs. 8000

11. The marked price of a doll is 45% above its manufacturing cost. The doll is sold through a retailer, who earns 10% profit on his purchase price. The retailer gives 20% discount on marked price. What is the approximate profit percentage for the doll manufacturer who sells his doll to the retailer?

5%

8%

10%

15%

12%

Correct Ans: 5%

12. A man sold an item for Rs. 2000 and incurred a loss. Had he sold the item for Rs. 3600, his gain would have been equal to three times of the amount of loss that he incurred. At what price should he sell the article to gain 20 %?

Rs. 2640

Rs. 2720

Rs. 2960

Rs. 2880

None of these

Correct Ans: Rs. 2880

13. A man buys a new mobile for Rs. 11000. After using it for an year he sell it at a loss of 15%. Then again he buys a new mobile at a price 15% higher than the previous one. He uses the new mobile for one year and sell it at a loss of 20% then find his average loss per year during this period?

1990

4180

2090

1265

None of these

Correct Ans: 2090

14. I bought 3 apple and 5 banana at Rs. 67. After eating 1 apple, I sold the remaining fruits to Raja at Rs. 67. Raja, after eating 1 apple and 1 banana, sold the remaining fruits to Sam at Rs. 67. If Raja had an effective profit of 35% in this manner, how much percentage profit did I earn?

40%

27%

20%

41.25%

None of these

Correct Ans: 20%

15. The selling price of Watch is Rs.920. The ratio of the marked price to cost price of the watch is 23: 20 and the ratio of the marked price to cost price of the Pen is 11: 10. If the ratio of the cost price of the watch to Pen is 2: 1 and the discount offers for watch is 20%, then what is the marked price of Pen?

Rs. 550

Rs. 650

Rs. 450

Rs. 350

None of these

Correct Ans: Rs. 550

16. A person purchased a cupboard and a cot for Rs. 19,200. He sold the cupboard at a profit of 23% and the cot at a profit of 39%. If his total profit was 27.833%; find the cost price of the cupboard?

Rs. 12900

Rs. 12000

Rs. 13400

Rs. 13100.9

None of these

Correct Ans: Rs. 13400

17. A sells to B goods at five-thirds the rate of profit at which B has decided to sell it to C. C, on other hand, sells it to D at one-third the rate of profit at which B sold it to C. If D gives Rs. 2145 to C at 10% profit, how much did A buy it for ?

Rs. 1000

Rs. 2000

Rs. 1500

Rs. 1800

None of these

Correct Ans: Rs. 1000

18. A man sells calculator at the rate of â‚¹ 250 each. The cost price of each calculator is 86% of the selling price of that calculator. What amount of profit will be earned in 19 days if he sells seven calculators per day?

4665

4565

4545

4655

None of these

Correct Ans: 4655

19. A person sold an electronic watch at Rs. 96 in such a way that his percentage profit is same as the cost price of the watch. If he sells it at twice the percentage profit of its previous percentage profit then the new selling price will be

Rs. 132

Rs. 150

Rs. 192

Rs. 180

None of these

Correct Ans: Rs. 132

20. If the profit on selling an article for Rs. 579 is the same as the loss on selling it for Rs. 337, then find the profit percent if its selling price is Rs. 687.

245%

25%

50%

27(1/2)%

None of these

Correct Ans: 50%