PROFIT AND LOSS MCQ SET 2
Q1. If a book is sold at 300% profit , then ratio of cost price to the selling price is :
(a) 1 : 2
(b) 1 : 3
(c) 1 : 4
(d) 2 : 3
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Answer: A
Q2. If a book is sold at 25% loss , then ratio of cost price to the selling price is:
(a) 3 : 2
(b) 4 : 3
(c) 5 : 4
(d) 2 : 3
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Answer: B
Q3. By selling a book for Rs.450 , I loss 20% . For what amount should I sell it to gain 20% profit ?
(a)Rs.675
(b)Rs.470
(c)Rs.150
(d)Rs.400
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Answer: A
Q4. When a article is sold for Rs.355 , there is a loss of 29% . To gain 21% , it should be sold for Rs. :
(a)Rs.629.20
(b)Rs.580.80
(c)Rs.605
(d)Rs.635
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Answer: C
Q5. If an article is sold for Rs.402 , there is a loss of 33% . At what price should it be sold to get 37% profit?
(a) Rs.911
(b) Rs.822
(c) Rs.822
(d) Rs.781
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Answer: B
Q6. An article is sold for Rs.810 at a loss of 10% . what should be the selling price if the loss is 20% ?
(a) Rs.750
(b) Rs.630
(c) Rs.600
(d) Rs.720
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Answer: D
Q7. When an article is sold for Rs.480 , there is a loss of 16 2/3% . To gain 8 1/3% should be sold for Rs. :
(a) Rs.620
(b) Rs.624
(c) Rs.605
(d) Rs.750
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ย Answer: B
Q8. by selling an article for Rs.2,200 , a profit of 10% is earned . If the same article is sold for Rs.2,600 , then what will be the gain percentage ?
(a) 20%
(b) 15%
(c) 37%
(d) 30%
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Answer: D
Q9. an article is sold for Rs.2070 at a profit of 15% . if the article is sold for Rs.1890 , then what will be gain or loss percent?
(a) 10% gain
(b) 10% loss
(c) 5% gain
(d) 5% loss
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Answer: C
Q10. Vipin bought a toy for Rs.1200 and spend Rs.200 on its repairing . He sold it for Rs.1680 , then his profit percent is .
(a) 20%
(b) 10%
(c) 8%
(d) 16%
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Answer: A
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