Profit and Loss Question Answers MCQ Quiz Test – Page 4

## Profit and Loss Quiz Test = 4

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Question 1 |

**A house worth Rs. 1,50,000 is sold by X to Y at 5% profit. Y sells the house back to X at 2% loss. Then, in the entire transaction :**

X loses Rs. 1350 | |

X gains Rs. 3150 | |

X loses Rs. 4350 | |

X gains Rs. 4350 |

Question 2 |

**The manufacturer of a certain item can sell all he can produce at the selling price of Rs. 60 each. It cost him Rs. 40 in materials and labour to produce each item and he has overhead expenses of Rs. 3000 per week in order to operate the plant. The number of units he should produce and sell in order to make a profit of at least Rs. 1000 per week, is :**

200 | |

250 | |

300 | |

400 |

Question 3 |

**A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225 for it, the cost price of the bicycle for A is :**

Rs. 110 | |

Rs. 120 | |

Rs. 125 | |

Rs. 150 |

Question 4 |

**A bought a radio set and spent Rs. 110 on its repairs. He then sold it to B at 20% profit, B sold it to C at a loss of 10% and C sold it for Rs. 1188 at a profit of 10%. What is the amount for what is the amount for which A bought the radio set ?**

Rs. 850 | |

Rs. 890 | |

Rs. 930 | |

Rs. 950 |

Question 5 |

**An article was sold for Rs. 144. If the percentage of profit was numerically equal to the cost price, the cost of the article was :**

Rs. 72 | |

Rs. 80 | |

Rs. 90 | |

Rs. 100 |

Question 6 |

**A man buys an article for 10% less than its value and sells it for 10% more than its value. His gain or loss percent is :**

no profit, no loss | |

20% profit | |

less than 20% profit | |

more than 20% profit |

Question 7 |

**If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is :**

Rs. 50 | |

Rs. 160 | |

Rs. 200 | |

Rs. 225 |

Question 8 |

**If a man reduces the selling price of a fan form Rs. 400 to Rs. 380, his loss increases by 2%. The cost price of the fan is :**

Rs. 480 | |

Rs. 500 | |

Rs. 600 | |

None of these |

Question 9 |

**The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs. 3. The ratio of the two selling price is :**

51 : 52 | |

52 : 53 | |

51 : 53 | |

52 : 55 |

Question 10 |

**The difference between the cost price and sale price of an article is Rs. 240. If the profit is 20%, the selling price is :**

Rs. 1240 | |

Rs. 1400 | |

Rs. 1600 | |

None of these |

Question 11 |

**A man bought goods worth Rs. 6000 and sold half of them at a gain of 10%. At what gain percent must he sell the remainder so as to get a gain of 25% on the whole ?**

25% | |

30% | |

35% | |

40% |

Question 12 |

**Sanket purchased 20 dozen notebook s at Rs. 48 per dozen. He sold 8 dozen at 10% profit and the remaining 12 dozen with 20% profit. What is his profit percentage in the transaction ?**

7.68 | |

15 | |

16 | |

19.2 |

Question 13 |

**Ranjan purchased 120 tables at a price of Rs. 110 per table. He sold 30 tables at a profit of Rs. 12 per table and 75 tables at a profit of Rs. 14 per table. The remaining tables were sold at a loss of Rs. 7 per table. What is the average profit per table ?**

Rs. 10.04 | |

Rs. 10.875 | |

Rs. 12.80 | |

Rs. 12.875 |

Question 14 |

**A person purchases 90 clocks and sells 40 clocks at a gain of 10% and 50 clocks at a gain of 20%. If he sold all of them at a uniform profit of 15%, then he would have got Rs. 40 less. The cost price of each clock is :**

Rs. 50 | |

Rs. 60 | |

Rs. 80 | |

Rs. 90 |

Question 15 |

**A fruitseller has 24 kg of apples. He sells a part of these at a gain of 20% and the balance at a loss of 5%. If on the whole he earns a profit of 10%, the amount of apples sold at a loss is :**

4.6 kg | |

6 kg | |

9.6 kg | |

11.4 kg |

Question 16 |

**The C.P. of two watches taken together is Rs. 840. If by selling one at a profit of 16% and the other at a loss of 12%, there is no loss or gain in the whole transaction, then the C.P. of the two watches are respectively :**

Rs. 360, Rs. 480 | |

Rs. 480, Rs. 360 | |

Rs. 380, Rs. 460 | |

Rs. 400, Rs. 440 |

Question 17 |

**A cloth merchant sold half of his cloth at 20% profit, half of the remaining at 20% loss and the rest was sold at the cost price. In the total transaction, his gain or loss will be :**

Neither loss nor gain | |

5% loss | |

5% gain | |

10% gain |

Question 18 |

**A pair of articles was bought for Rs. 37.40 at a discount of 15%. What must be the marked price of each of the articles ?**

Rs. 11 | |

Rs. 22 | |

Rs. 33 | |

Rs. 44 |

Question 19 |

**Albert buys 4 horses and 9 cows for Rs. 13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of Rs. 1880. The cost of a horse is :**

Rs. 1000 | |

Rs. 2000 | |

Rs. 2500 | |

Rs. 3000 |

Question 20 |

**Two-third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs. 400, the value of the consignment (in Rs.) was**

10,000 | |

12,000 | |

15,000 | |

20,000 |

Question 21 |

**A trader purchases a watch and a wall clock for Rs. 390. He sells them making a profit of 10% on the watch and 15% on the wall clock. He earns a profit of Rs. 51.50. The difference between the original prices of the wall clock and the watch is equal to :**

Rs. 80 | |

Rs. 100 | |

Rs. 110 | |

Rs. 120 |

Question 22 |

**A man purchases two clocks A and B at a total cost of Rs. 650. He sells A with 20% profit and B at a loss of 25% and gets the same selling price for both the clocks. What are the purchasing prices of A and B respectively, ?**

Rs. 225, Rs. 425 | |

Rs. 250, Rs. 400 | |

Rs. 275, Rs. 375 | |

Rs. 300, Rs. 350 |

Question 23 |

**A shopkeeper offers 2.5% discount on cash purchases. What cash amount would Rohan pay for a cycle, the marked price of which is Rs. 650 ?**

Rs. 633.25 | |

Rs. 633.75 | |

Rs. 634 | |

Rs. 635 |

Question 24 |

**If a company sells a car with a marked price of Rs. 2,72,000 and gives a discount of 4% on Rs. 2,00,000 and 2.5% on the remaining amount of Rs. 72,000, then the actual price of the company for the car is :**

Rs. 2,50,000 | |

Rs. 2,55,000 | |

Rs. 2,60,100 | |

Rs. 2,62,200 |

Question 25 |

**Garima purchased a briefcase with an additional 10% discount on the reduced price after deducting 20% on the labelled price. If the labelled price was Rs. 1400, at what price did she purchase the briefcases ?**

Rs. 980 | |

Rs. 1008 | |

Rs. 1056 | |

Rs. 1120 | |

None of these |

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