Profit And Loss MCQ Set 5

PROFIT AND LOSS MCQ SET 5

Q1. By selling an article for Rs.640 ,  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

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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

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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

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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

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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

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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

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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%

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 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%

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Answer: B

Q9. Ravi sells  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

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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

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Answer: A