PROFIT AND LOSS MCQ SET 5
Q1. By selling an article for Rs.640 ,ย a person loses 15% of its selling price . At what price (in Rs.) should he sell it to gain 15% on its cost price?
(a) 835
(b) 832
(c) 836.60
(d) 846.40
Answer: D
Q2. There are 2 friends Neeraj and Deepsk . Neeraj calculates his profit % on SP whereas Deepak calculates his profit % on CP . If both claim to make 20% profit and the difference between there actual profit is Rs.100 and the SP of both is same . Find their SP .
(a) 2500
(b) 3000
(c) 2000
(d) None of these
Answer: B
Q3. The profit obtained by a vendor on selling goods at Rs.3,200 is equal to 7/5 th of the profit obtained by selling the same goods at Rs.3,000 . what is the cost price (in Rs) of the goods?
(a) 2,500
(b) 2,700
(c) 2,900
(d) 2,400
Answer: A
Q4. Anu sold an article for Rs.480 at some profit . Had she sold it for Rs.400 , then there would have been a loss equal to one-third of the initial profit . What was the cost price of the article?
(a) Rs.450
(b) Rs.430
(c) Rs.425
(d) Rs.420
Answer: D
Q5. The profit earned by selling an article for Rs.832 is equal to the loss incurred when the article is sold for Rs.448 . What will be the selling price of the article if it is sold at a 10% loss?
(a) Rs.576
(b) Rs.540
(c) Rs.625
(d) Rs.640
Answer: A
Q6. A shopkeeper sold an article for Rs.455 at a loss (in Rs.) . If he sells it for Rs.490 , then he would gain an amount four times the loss . At what price (in Rs.) should he sell the article to gain 25% ?
(a) 575
(b) 115.50
(c) 577.50
(d) 570.50
Answer: C
Q7. A lady sold an article for Rs.960 at some profit . Had she sold it for Rs.800 , then there would have been a loss equal to 1/3 of the initial profit . What was the profit percentage of the article?
(a)150/7%
(b) 50/7%
(c) 10/7%
(d) 100/7%
ย Answer: C
Q8. On selling an article for Rs.246.80 , the gain is 20% more than the amount of loss incurred on selling it for Rs.216 . If the article is sold for Rs.220.75 , then what is the gain/loss percent (correct to nearest integer)?
(a) Profit 7%
(b) Loss 4%
(c) Profit 3%
(d) Loss 5%
Answer: B
Q9. Ravi sellsย a laptop bag to Reeta for Rs.1,920 and he sells another similar laptop bag to Vinay for Rs.1,280 . The percentage profit earned in selling the laptop bag to Reeta is equal to the percentage loss in selling the laptop bag to Vinay . At what price (in Rs.) should Ravi sell the laptop bag to make a profit of 25%?
(a) 2,000
(b) 1,600
(c) 1,800
(d) 1,650
Answer: A
Q10. The percentage profit earned by selling an article for Rs.955 is equal to the percentage loss incurred by selling the same article for Rs.845 . at what price should the article be sold to make a 6% profit?
(a)Rs.954
(b) Rs.925
(c) Rs.955
(d) Rs.1,014
Answer: A
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