Profit and Loss Question Answers MCQ Quiz Test – Page 5

Profit and Loss Question Answers MCQ Quiz Test – Page 5

Profit and Loss Quiz Test = 5

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 Question 1
A shopkeeper gives gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labelled price of a radio. If the final sale price of the radio is Rs. 704, then what is its labelled price ?
 A Rs. 844.80 B Rs. 929.28 C Rs. 1000 D Rs. 1044.80
 Question 2
The difference between a discount of 35% and two successive discounts of 20% on a certain bill was Rs. 22. Find the amount of the bill.
 A Rs. 200 B Rs. 1100 C Rs. 2200 D Data inadequate E None of these
 Question 3
A fan is listed at Rs. 1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer to bring the net price to Rs. 1104 ?
 A 8% B 10% C 12% D 15%
 Question 4
Two shopkeepers announce the same price of Rs. 700 for a sewing machine. The first offers successive discounts of 30% and 6% while the second offers successive discounts of 20% and 16%. The shopkeeper that offers better discount, charges……….less than the other shopkeeper.
 A Rs. 9.80 B Rs. 16.80 C Rs. 22.40 D Rs. 36.40
 Question 5
After successive discounts of 12% and 5% an article was sold for Rs. 209. What was the original price of the article ?
 A Rs. 226 B Rs. 250 C Rs. 252 D Rs. 269
 Question 6
A trader marked the price of his commodity so as to include a profit of 25%. He allowed discount of 16% on the marked price. He actual profit was :
 A 5% B 9% C 16% D 25%
 Question 7
The marked price of a watch was Rs. 720. A man bought the same for Rs. 550.80 after getting two successive discounts, the first being 10%. What was the second discount rate ?
 A 12% B 14% C 15% D 18%
 Question 8
At what price should a shopkeeper mark a radio that costs him Rs. 1200 in order that he may offer a discount of 20% on the marked price and still make a profit of 25% ?
 A Rs. 1675 B Rs. 1875 C Rs. 1900 D Rs. 2025 E None of these
 Question 9
A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price to the printed price of the book is :
 A 45 : 56 B 50 : 61 C 55 : 69 D 99 : 125
 Question 10
Find the selling price of an article if a shopkeeper allows two successive discounts of 5% each on the marked price of Rs. 80.
 A Rs. 70.10 B Rs. 70.10 C Rs. 72 D Rs. 72.20
 Question 11
List price of an article at a showroom is Rs. 2000 and it is being sold at successive discounts of 20% and 10%. Its net selling price will be :
 A Rs. 1400 B Rs. 1440 C Rs. 1520 D Rs. 1700
 Question 12
The price of an article is raised by 30% and then two successive discounts of 10% each are allowed. Ultimately, the price of the article is :
 A decreased by 5.3% B increased by 3% C increased by 5.3% D increased by 10%
 Question 13
By selling an umbrella for Rs. 300, a shopkeeper gains 20%. During a clearance during the sale is :
 A 7 B 7.5 C 8 D 9
 Question 14
The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%.
 A 37.5% B 48% C 50.5% D 52%
 Question 15
Successive discounts of 10%, 12% and 15% amount to a single discount of :
 A 32.68% B 35.28% C 36.68% D None of these
 Question 16
A manufacturer offers a 20% rebate on the marked price of a product. The retailer offers another 30% rebate on the reduced price. The two reductions are equivalent to a single reduction of :
 A 40% B 44% C 46% D 50%
 Question 17
A discount of 15% on one article is the same as a discount of 20% on another article. The costs of the two articles can be :
 A Rs. 40, Rs. 20 B Rs. 60, Rs. 40 C Rs. 80, Rs. 60 D Rs. 60, Rs. 40
 Question 18
A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. The marked price is above the cost price by :
 A 20% B 39% C 40% D 50%
 Question 19
A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and a loss of 1%. He allowed a discount of :
 A 9% B 10% C 10.5% D 11%
 Question 20
Tarun got 30% concession on the labeled price of an sold it for Rs. 8750 with 25% profit on the price he bought. What was the labeled price ?
 A Rs. 10,000 B Rs. 12,000 C Rs. 16,000 D Data inadequate E None of these
 Question 21
Peter  bought an item at 20% discount on its original price. He sold it with 40% increase on the price he bought it. The new sale price is by what percent more than the original price ?
 A 7.5 B 8 C 10 D 12 E None of these
 Question 22
Komal buys an article at a discount of 25%. At what percentage above the cost price should he sell it to make a profit of 25% over the original list price /
 A 25 B 30 C 40 D 66.67
 Question 23
A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered ?
 A 24.5 B 28.5 C 30 D Data inadequate E None of these
 Question 24
Even after reducing the marked price of a transistor by Rs. 32, a shopkeeper makes a profit of 15%. If the cost price be Rs. 320, what percentage of profit would he have made if he had sold the transistor at the marked price ?
 A 10% B 20% C 25% D None of these
 Question 25
A product when sold with 10% rebate on the listed price gave a profit of Rs. 70. What was its cost price ?
 A Rs. 200 B Rs. 350 C Rs. 700 D Cannot be determined E None of these
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