Profit And Loss MCQ Set 3

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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 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