Profit and Loss Question Answers MCQ Quiz Test – Page 3

## Profit and Loss Quiz Test = 3

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Question 1 |

**At what profit percent must an article be sold so that by selling at half that price, there may be a loss of 30% ?**

25% | |

36% | |

40% | |

42% |

Question 2 |

**By selling an article, Michael earned a profit equal to one-fourth of the price he bought it. If he sold it for Rs. 375, what was the cost price ?**

Rs. 281.75 | |

Rs. 300 | |

Rs. 312.50 | |

Rs. 350 |

Question 3 |

**A man bought some fruits at the rate of 16 for Rs. 24 and sold them at the rate of 8 for Rs. 18. What is the profit percent ?**

25% | |

40% | |

50% | |

60% | |

None of these |

Question 4 |

**A man busy 2 dozen bananas at Rs. 16 per dozen. After selling 18 bananas at the rate of Rs. 12 per dozen, the shopkeeper reduced the rate to Rs. 4 per dozen. The percent loss is :**

25.2% | |

32.4% | |

c) 36.5% | |

37.5% |

Question 5 |

**A dairyman pays Rs. 6.40 per litre of milk. He adds water and sells the mixture at Rs. 8 per litre, thereby making 37.5% profit. The proportion of water to milk received by the customers is**

1 : 10 | |

1 : 12 | |

1 : 15 | |

1 : 20 |

Question 6 |

**A man bought apples at the rate**

**of 8 for Rs. 34 and sold at the rate of 12 for Rs. 57. How many apples should be sold to earn a net profit of Rs. 45 ?**

90 | |

100 | |

135 | |

150 |

Question 7 |

**If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is :**

20% loss | |

20% gain | |

25% loss | |

25% gain |

Question 8 |

**On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is :**

Rs. 45 | |

Rs. 50 | |

Rs. 55 | |

Rs. 60 |

Question 9 |

**If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is :**

20% loss | |

20% gain | |

25% loss | |

25% gain |

Question 10 |

**A man sold 18 cost for Rs. 16,800, gaining thereby the cost price of 3 cost. The cost price of a cot is :**

Rs. 650 | |

Rs. 700 | |

Rs. 750 | |

Rs. 800 |

Question 11 |

**The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is :**

15 | |

16 | |

18 | |

25 |

Question 12 |

**A man purchased a box full of pencils at the rate of 7 for Rs. 9 and sold all of them at the rate of 8 for Rs. 11. In this transaction, he gained Rs. 10. How many pencils did the box contain ?**

100 | |

112 | |

114 | |

115 |

Question 13 |

**A trader mixes three varieties of groundnuts costing Rs. 50, Rs. 20 and Rs. 30 per kg in the ratio 2 : 4 : 3 in terms of weight, and sells the mixture at Rs. 33 per kg. What percentage of profit does he make ?**

8% | |

9% | |

10% | |

None of these |

Question 14 |

**Arun purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of Rs. 14.25 per. He mixture two and sold the mixture. Approximately what price per kg should he sell the mixture to make 30% profit ?**

Rs. 14.80 | |

Rs. 15.40 | |

Rs. 15.60 | |

Rs. 16.30 | |

Rs. 18.20 |

Question 15 |

**A man bought a number of clips at 3 for a rupee and an equal number at 2 for a rupee. At what price per dozen should he sell them to make a profit of 20% ?**

Rs. 4 | |

Rs. 5 | |

Rs. 6 | |

Rs. 7 |

Question 16 |

**By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20% ?**

5 | |

8 | |

10 | |

15 |

Question 17 |

**By selling 45 lemons for Rs. 40, a man loses 20%. How many should he sell for Rs. 24 to gain 20% in the transaction ?**

16 | |

18 | |

20 | |

22 |

Question 18 |

**A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20% ?**

3 | |

4 | |

5 | |

6 |

Question 19 |

**Padam purchased 30 kg of rice at the rate os Rs. 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20% overall profit. At what price per kg did he purchase the lot of another 30 kg rice ?**

Rs. 12.50 | |

Rs. 13.50 | |

Rs. 14.50 | |

Rs. 15.50 | |

None of these |

Question 20 |

**A man bought some oranges at Rs. 10 per dozen and bought the same number of oranges at Rs. 8 per dozen. He sold these oranges at Rs. 11 per dozen and gained Rs. 120. The total number of oranges bought by him was :**

30 dozens | |

40 dozens | |

50 dozens | |

60 dozens |

Question 21 |

**A trader mixes 26 kg of wheat at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is :**

No profit, no loss | |

5% | |

8% | |

10% | |

None of these |

Question 22 |

**A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesaler sells the same to a retailer at a profit of 20%. The retailer in turn sells them to a customer for Rs. 30.09, thereby earning a profit of 25%. The cost price for the manufacturer is :**

Rs. 15 | |

Rs. 16 | |

Rs. 17 | |

Rs. 18 |

Question 23 |

**A dishonest dealer used a scale of 90 cm instead of a meter scale and claims to sell at cost price. His profit is :**

9% | |

10% | |

12% | |

None of these |

Question 24 |

**By mixing two brands of tea and selling the mixture at the rate of Rs. 177 per kg, a shopkeeper makes a profit of 18%. If two every 2 kg of one brand costing Rs. 200 per kg, 3 kg of the other brand is added, then how much per kg does the other brand cost ?**

Rs. 110 | |

Rs. 120 | |

Rs. 140 | |

None of these |

Question 25 |

**A grocer sells rice at a profit of 10% and uses weight which are 20% less than the market weight. The total gain earned by him will be :**

30% | |

35% | |

37.5% | |

None of these |

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