Profit and Loss Question Answers MCQ Quiz Test – Page 2

## Profit and Loss Quiz Test = 2

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Question 1 |

**I gain 70 paise on Rs. 70. My gain percent is :**

0.1% | |

1% | |

7% | |

10% |

Question 2 |

**The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is :**

Rs. 500 | |

Rs. 515 | |

Rs. 550 | |

Rs. 600 |

Question 3 |

**If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ?**

Rs. 400 | |

Rs. 600 | |

Cannot be determined | |

None of these |

Question 4 |

**A man busy a cycle for Rs. 1400 and sells it a loss of 15%. What is the selling price of the cycle ?**

Rs. 1090 | |

Rs. 1160 | |

Rs. 1190 | |

Rs. 1202 |

Question 5 |

**Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit ?**

3.5 | |

4.5 | |

5.6 | |

6.5 | |

None of these |

Question 6 |

**When a commodity is sold for Rs. 34.80, there is a loss of 2%. What is the cost price of the commodity ?**

Rs. 26.10 | |

Rs. 43 | |

Rs. 43.20 | |

Rs. 46.40 |

Question 7 |

**A sells an article which costs him Rs. 400 to B at a profit of 20%. B then sells it to C, making a profit of 10% on the price he paid to A. How much does C pay B ?**

Rs. 472 | |

Rs. 476 | |

Rs. 528 | |

Rs. 532 |

Question 8 |

**A shopkeeper sold an article for Rs. 2090.42. Approximately, what will be the percentage profit if he sold that article for Rs. 2602.58 ?**

15% | |

20% | |

25% | |

30% |

Question 9 |

**Peter purchased a machine for 80,000 and spent Rs. 5000 on repair and Rs. 1000 on transport and sold it with 25% profit. At what price did he sell the machine ?**

Rs. 1,05,100 | |

Rs. 1,06,250 | |

Rs. 1,07,500 | |

Rs. 1,17,500 | |

None of these |

Question 10 |

**Saransh purchased 120 reams of paper at Rs. 80 per ream. He spent Rs.280 on transportation, paid octroi at the rate of 40 paise per ream and paid Rs. 72 to the coolie. If he wants to have a gain of 8%, what must be the selling price per ream ?**

Rs. 86 | |

Rs. 87.48 | |

Rs. 89 | |

Rs. 90 |

Question 11 |

**The ratio between the sale price and the cost price of an article is 7 : 5. What is the ratio between the profit and the cost price of that article ?**

2 : 7 | |

5 : 2 | |

7 : 2 | |

Data inadequate | |

None of these |

Question 12 |

**The ratio of the cost price and the selling price is 4 : 5. The profit percent is :**

10% | |

20% | |

25% | |

30% |

Question 13 |

**When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must the plot be sold in order to gain 15% ?**

Rs. 21,000 | |

Rs. 22,500 | |

Rs. 25,300 | |

Rs. 25,800 |

Question 14 |

**A man gains 20% by selling an article for a certain price. If he sells it at double the price , the percentage of profit will be :**

40 | |

100 | |

120 | |

140 |

Question 15 |

**A person bought 20 litres of milk at the rate of Rs. 8 per litre. He got it churned after spending Rs. 10 and 5 kg of cream and 20 litres of toned milk were obtained. If he sold the cream at Rs. 30 per kg and toned milk at Rs. 4 per litre, his profit in the transaction is :**

25% | |

35.3% | |

37.5% | |

42.5% |

Question 16 |

**A fruitseller sells mangoes at the rate of Rs. 9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5% ?**

Rs. 11.81 | |

Rs. 12 | |

Rs. 12.25 | |

Rs. 12.31 |

Question 17 |

**Jacob bought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20% ?**

Rs. 400 | |

Rs. 440 | |

Rs. 500 | |

Rs. 550 |

Question 18 |

**A manufacturer undertakes to supply 2000 pieces of a particular component at Rs. 25 per piece. According to his estimates, even if 5% fail to pass the quality tests, then he will make a profit of 25%. However, as it turned out, 50% of the components were rejected. What is the loss to the manufacturer ?**

Rs. 12,000 | |

Rs. 13,000 | |

Rs. 14,000 | |

Rs. 15,000 |

Question 19 |

**Profit earned by selling an article for Rs. 1060 is 20% more than the loss incurred by selling the article for Rs. 950. At what price should the article be sold to earn 20% profit ?**

Rs. 890 | |

Rs. 1080 | |

Rs. 1800 | |

None of these |

Question 20 |

**The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit ?**

Rs. 920 | |

Rs. 960 | |

Rs. 1060 | |

Rs. 1200 | |

None of these |

Question 21 |

**The C.P. of an article is 40% of the S.P. The percent that the S.P. is of C.P. is :**

250 | |

240 | |

60 | |

40 |

Question 22 |

**By selling a pen for Rs. 15, a man loses one-sixteenth of what it cost him. The cost price of the pen is :**

Rs. 16 | |

Rs. 18 | |

Rs. 20 | |

Rs. 21 |

Question 23 |

**In a certain store, the profit is 320% of the cost. If the cost increases by 25% but, the selling price remains constant, approximately what percentage of the selling price is the profit ?**

30% | |

70% | |

100% | |

250% |

Question 24 |

**The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should the article be sold to make 25% profit ?**

Rs. 600 | |

Rs. 750 | |

Rs. 800 | |

Data inadequate |

Question 25 |

**The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit ?**

Rs. 2000 | |

Rs. 2200 | |

Rs. 2400 | |

Data inadequate | |

None of these |

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