PROFIT AND LOSS MCQ SET 10
Q1. On selling 70 articles for Rs.160 a person incurred loss of 20% . How many articles he should sell for Rs.96 to earn profit of 20% .
(a) 24
(b) 28
(c) 36
(d) 40
Answer: B
Q2. By selling 18 table fans for Rs.11,664 a man incurs a loss of 10% . How many fans should be sell for Rs.17,424 to earn 10% profit?
(a) 23
(b) 18
(c) 20
(d) 22
Answer: D
Q3. Mohan sells fruits at their cost price but uses a weight of 850 gm in place of 1 kg . What is his profit percentage ?
(a) 17 11/17%
(b) 15 11/17%
(c) 17 11/15%
(d) 19 11/17%
Answer: A
Q4.ย A dishonest dealer decided to sell his goods at cost price , but uses a weight of 960 gm for a kilogram weight . His gain percentage is.
(a) 4 1/6%
(b) 2 1/4%
(c) 1 1/4%
(d) 3 1/6%
Answer: A
Q5. A dealer professing to sell his goods at cost price uses 950 gm weight for 1 kg . His gain percentage is: (rounded off to two decimal places)
(a) 5.35%
(b) 5.26%
(c) 5.86%
(d) 5.96%
Answer: B
Q6. A shopkeeper uses 940 gm weight in place of 1 kg weight . He sells it at 4% profit . What will be the actual profit percentage ? (rounded off to two decimal places)
(a) 9.25%
(b) 10.32%
(c) 10.64%
(d) 10.96%
Answer: C
Q7. A dishonest dealer announces selling his articles with 22% loss , but uses 35% lighter weights . What is the percentage of his profit or loss?
(a) 13% loss
(b) 20% profit
(c) 20% loss
(d) 13% profit
ย Answer: B
Q8. A man sells goods at 4% loss on cost price but he gives 20g instead of 40g what is his profit or loss percentage ?
(a) 84% profit
(b) 92% profit
(c) 82 % loss
(d) 92% loss
Answer: B
Q9. A man marks up his goods by 15% but he gives 920 gm instead of 11 kg to his customer . Find his profit percent ?
(a) 20%
(b) 25%
(c) 40%
(d) 33.33%
Answer: B
Q10. A trader cheats both his suppliers and his customer by using faulty weights . When he buys from the supplier , he takes 20% more than the indicated weight . When he sells to his customer , he gives 20% less than the indicated weight . If he sells his article at the cost price , what is his net profit% ?
(a) 50%
(b) 66.66%
(c) 44%
(d) None of these
Answer: A
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