PROFIT AND LOSS MCQ SET 3
Q1. The difference between the cost price and selling price of an article is Rs.360 . If the profit is 20% . The selling price is:
(a) Rs.1000
(b) Rs.1500
(c) Rs.1800
(d) Rs.2160
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Answer: D
Q2. The difference between the cost price and selling price of a bat is Rs.180 . If there is a profit of 20% . Then what is the selling price of the bat ?
(a) Rs.1,080
(b) Rs.1,240
(c) Rs.1,040
(d) Rs. 1,120
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Answer: B
Q3. A shopkeeper gains 20% in a place of 16% loss if the selling price of an article is increased by Rs.324 . The cost price of the article is:
(a) Rs.900
(b) Rs.750
(c) Rs.1,350
(d) Rs.60
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Answer: A
Q4. If the difference between the selling prices of article at profits of 10% and 7% is Rs.6 , then the cost price (in Rs.) of the article is:
(a) 175
(b) 150
(c) 200
(d) 100
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Answer: C
Q5. A person sold an article at a loss of 18% . Had he sold it for Rs.960 more , he would have gained 12% . if the article is sold for Rs.3840 then how much is the profit percentage ?
(a) 15%
(b) 24%
(c) 20%
(d) 21%
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Answer: C
Q6.When an article is sold for Rs.768 , the profit percentage is x% . When the same article is sold for Rs.896 , the profit percentage is (x + 20)% . What is the value of x?
(a) 20
(b) 15
(c) 25
(d) 30
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Answer: A
Q7. If the cost price of 70 articles is equal to the selling price of 40 articles , what will be the profit percentage ?
(a) 75%
(b) 65%
(c) 60%
(d) 70%
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ย Answer: A
Q8. If the selling price if 7 articles is equal to the cost price of 8 articles , then what is the profit percentage (correct to one decimal place) ?
(a) 13.9%
(b) 14.3%
(c) 15.4%
(d) 11.7%
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Answer: D
Q9. If the cost price of 28 oranges is equal to selling price of 24 ranges , then the profit percentage is:
(a) 16 2/3%
(b) 16 1/3%
(c) 18 2/3%
(d) 18 1/3%
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Answer: A
Q10. By selling 14 articles a person loses the cost price of 2 articles . what is its loss percentage ? (up to one decimal place)
(a)14.3%
(b) 14.1%
(c) 13.2%
(d) 12.5%
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Answer: A
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