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Profit and Loss

This document contains 20 multiple choice questions related to profit and loss calculations for business transactions. The questions involve calculating cost prices, selling prices, profits and losses given various markups, discounts and rates of profit/loss. Correct answers are provided for each question.

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Shrimant H. Nikam
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227 views

Profit and Loss

This document contains 20 multiple choice questions related to profit and loss calculations for business transactions. The questions involve calculating cost prices, selling prices, profits and losses given various markups, discounts and rates of profit/loss. Correct answers are provided for each question.

Uploaded by

Shrimant H. Nikam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PROFIT AND LOSS

Q.1. If an article is sold for Rs.585 a trader incurred a loss of


10% What should be the selling price if trader wants to gain
20% ?
1) 780 2) 631.8 3)686.75 4)740 5)786.5
Q.2. A trader sold an article at a profit of 18%. Had it been sold
for Rs. 222 more, he would have got a profit of 22%. What is
the cost price of an article?
1) 6660 2) 4440 3) 5550 4)7770 5) None
Q.3. A man bought two cows for the same price. He sold both
the cows one at 10% profit and other at 10% loss. Find his
overall profit and loss percent.
1) 5% gain 2) 5% loss 3) 2.5% gain 4) 2.5% loss 5) no gain no
loss
Q.4. Promod bought two bags of rice, each for Rs.48. He sold
one bag at 17.5% profit and another at 12.5% loss. Find his
overall percentage of profit in the transaction.
1) 2.5% 2) 3% 3) 5% 4)70% 5) None
Q.5. Prashant sold two horses at the same price. On one horse
he gained 20% and on other he lost 20%. What is Prashant
overall profit or loss percentage.
1) 6% loss 2) 4% profit 3)4%loss 4) 6% profit 5) None
Q.6. The selling price of 25 articles is equal to the cost price of
30 articles. What is the profit or loss percentage?
1) 10% profit 2) 20% loss 3)10%loss 4) 20%
profit 5) None
Q.7. A trader purchased a certain no. of pens at 36 for Rs.75
and sold them at 24 for Rs.100. What is the profit percentage?
1) 100% 2) 75% 3)125% 4) 50%
5) None
Q.8. Rajan bought 15 kg of palm oil for Rs.750. He was
constrained to sell it at a loss equal to selling price of 5 kg of
palm oil. What is the selling price per kg?
1) 45 2) 30 3) 36
4)42 5) None
Q.9. A shopkeeper bought an old chair for Rs.360 and then
spent 25% of its cost price on repairs. If he sells it for a profit of
Rs.150 then find his profit percentage.
1) 25% 2) 20% 3) 30%
4)33 (1/3)% 5) None
Q.10. A sells an article to B at a profit of 10% and B sells the
same to C at a profit of 20%. If A buys the article for Rs.300.
Then at what price did C purchase it?
1) 390 2) 380 3) 386
4)396 5) None
Q.11. A sells an article to B at a profit of 20% sells it to C at a
loss of 15%. If C pays 663, then what was A’s profit ?
1) 65 2) 130 3) 160
4)195 5) None
Q.12. A trader claims to sell goods at cost price that he weights
only 1500 gms for every 1800 gms. Then what is the profit
percentage of the trader ?
1) 16(2/3)% 2) 20% 3) 25%
4)18% 5) None
Q,13. A trader loses 10% by selling an article at ¾ of the actual
selling price. Find the profit percent ?
1) 25% 2)33(1/3)%
3) 16(2/3)% 4)20% 5) 12.5%
Rs.1800. He sold 2/5th of those at a loss of 20%. He earned an
overall profit of 15%. At what approximate profit % did X sell
the rest of the oranges ?
1) 30.33% 2) 34.67% 3) 38.33% 4)42.67% 5) 46.33%
Q.15. A man brought an article for Rs.17,500. He marked it at
40% above the cost price and sold it by offering a discount of
20%. What is the profit earned by the man ?
1) 1500 2) 1800 3) 2100
4)2400 5) None
Q.16. A television marked 25% above the cost price. In order to
gain 10%, how much discount percentage should be allowed ?
1) 12% 2) 11% 3) 13% 4)10% 5) None
Q.17. The marked price of the table is Rs.960. What will be the
selling price if 2 successive discounts of 10% and 37.5% are
allowed on it ?
1) 560 2) 520 3) 540
4)580 5) None
Q.17. The marked price of the table is Rs.960. What will be the
selling price if 2 successive discounts of 10% and 37.5% are
allowed on it ?
1) 560 2) 520 3) 540
4)580 5) None
Q.19. Mr.Arun purchased a television for Rs.10,500. He spent
Rs.400 for transportation and Rs.600 for installation. At what
price should he sell it in order to earn a profit of 18%.
1) 13,570 2) 14,070 3) 14,5704)15,070 5) None
Q.20. The profit earned on selling an article for Rs.3420 is
twice the loss incurred on selling the article for Rs.2880. what
is the cost price of the article ?
1) 2,940 2) 3,060 3) 3,180
4)3,300 5) None

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