Following quiz provides Multiple Choice Questions (MCQs) related to Profit & Loss. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.
Q 1 - If a man were to offer his seat for Rs. 720, he would misfortune 25 %. To increase 25% he ought to offer it for:
Let the C.P. be Rs x. Then, 75% of x=720. ∴ 75/100 * x = 720 ⇒ x = (720*4/3) =960. Now, C.P. =Rs 960 and gain =25%. ∴ S.P. =Rs (125/100*960) =Rs 1200.
Q 2 - By offering 33m of fabric Rajesh picked up the expense cost of 11m. The increase percent is.
Let the C.P be Rupee 1 per m. (S.P of 33m) - (C.P of 33m) = gain =C.P of 11 m C.P of 33 m = Rs. 33, S.P of 33m =C.P of 44m =Rs.44 Gain = Rs. (44-33) = Rs 11 ∴ Gain % = (11/33*100) %= 100/3%
Q 3 - On offering an article at a sure value, a man increases 10%. On offering the same articles at twofold value, pick up percent is:
Let the First S.P be Rs. x, gain%= 10% ∴ C.P = (100/110*X) = Rs. 10x/11, new S.P = Rs. 2x Gain = Rs. (2x-10X/11) = Rs. 12x/11 Gain% = (12x/11 *11/10x*100) % = 120%
Q 4 - A trader offers a couple of shades at a benefit of 25%. In the event that he had purchased it at 25% less and sold it for Rs. 10 less, then he would have increased 40%. The expense cost of the pair of shades is:
Let the C.P be rs. x then, S.P = rs. (125/100*x) = rs. 5x/4 New C.P = (75/100*x) = 3x/4, New S.P= Rs. (5x/4-10) ∴ (5x/4-10) = 140/100*3x/4= 21x/20 ⇒ 5x/4- 21x/20 =10 ⇒ 4x= 200 ⇒ x= 50 ∴ C.P = Rs. 50.
Q 5 - The profit earned after selling an article for Re 625 is the same as the loss incurred after selling the article for Re 435. What is the cost price of the article?
Let profit = loss = Re x As per question, 625 ? x = 435 + x Or, 2x = 190 Or, x = Re 95 ∴ CP = Re (435 + 95) = Re 530
Q 6 - By selling 12 gloves at Rs. 360, there is a loss equal to the cost price of 4 gloves. The cost price of a glove is
(C.P. of 12 glove) - (S.P. of 12 glove) = (C.P. of 4 glove) C.P. of 8 glove = S.P. of 12 glove = Rs.360. C.P. of 1 glove = 360/( 8)=Rs.45
Q 7 - A merchant sold his goods for Rs. 56 at a profit percent equal to C.P. The C.P is
Let C.P. = Rs. X. Then X+X% of X = 56 =>X+XxX/100=56 =>X=Rs.40
Q 8 - Which of the accompanying is the most reduced proportion?
7/13 =0.538, 17/25 =0.68, 7/15= 0.466, 15/23 =0.652 Clearly, 7/15 is the smallest.
Q 9 - A retailer cases to offer his articles at a rebate of 10%, however marks his articles by expanding the expense of each by 20%. His addition Percent is:
Let C.P be Rs. 100. then , M.P= rs. 120 ∴ S.P = (90/100*120) = Rs. 108 Gain% = 8%
Q 10 - A vender permits a rebate of 5% on a watch. On the off chance that he permits a markdown of 7%, he acquires Rs. 15 less in the benefit. What is the checked cost?
Let the m.p be rs .X ,then, (95% of x)- (93% of x)= 15% ⇒ (95/100*x)-(93/100*x) =15 ⇒ (95x-93x)= 1500 ⇒2x= 1500 ⇒x= 750 ∴ M.P = Rs. 750.