Profit And Loss MCQ Set 7
PROFIT AND LOSS MCQ SET 7
Q1. A man buys some oranges at the rate of 5 for Rs.1 and some number of oranges at 4 for Rs.1 . He sells all of them at 9 for Rs.2 . During the whole transaction he incurs a loss of Rs.30 . Find the number of oranges that he purchases?
(a) 11080
(b) 11000
(c) 10800
(d) 7200
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Answer: C
Q2. A man bought three artcles for Rs.3,000 each . He sold the articles respectively at 10% profit , 5% profit and 15% loss . The total percentage profit/loss he earned is:
(a) 10% loss
(b) 5% loss
(c) 5% profit
(d) No profit no loss
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Answer: D
Q3. A man bought three articles for Rs.6,000 each . He sold the articles respectively at 15% profit , 12% profit and 15% loss . The total percentage profit/loss he earned is:
(a) 4% profit
(b) 3% loss
(c) 4% loss
(d) No profit no loss
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Answer: C
Q4. A shopkeeper bought 40 pieces of an article at a rate of Rs.50 per item . He sold 35 pieces with 20% profit . The remaining 5 pieces were found to be damaged and he sold them with 10% loss . Find his overall profit percentage .
(a) 30%
(b) 32.5%
(c) 16.25%
(d) 10%
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Answer: C
Q5. A person bought some articles . He sold 1/3 articles at a profit of 14% , 3/5 articles at profit of 17.5% and rest at profit of 20% . Find his total profit% .
(a) 15.5%
(b) 16.5%
(c) 17.5%
(d) 18.5%
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Answer: B
Q6. A fruit merchant bought some bananas . One fifty of them got rotten and were thrown away . He sold two fifth of the remaining bananas with him at 15% profit and the remaining bananas at 10% profit . Find his overall loss or profit percent?
(a) Loss , 10.4%
(b) Profit , 10.4%
(c) Profit , 9.6%
(d) Loss , 9.6%
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Answer: A
Q7. A medical store owner purchased medicines worth Rs.18,000 from a company . He sold 2/5 part of the medicine at a 35% loss . On which gain , he should sell the rest of the medicines so that he has neither gain nor loss?
(a) 33 1/3%
(b) 20 2/3%
(c) 23 2/3%
(d) 20 1/3%
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Answer: A
Q8. Mukesh sells 80% part of a commodity at a profit of 20% and rest of the part at a loss of 5% an din this way earns a profit of Rs.9,300 . what was the cost price of the commodity for Mukesh?
(a) Rs.61,000
(b) Rs.58,000
(c) Rs.62,000
(d) Rs.60,000
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Answer: C
Q9. If two thirds of the articles are sold at 25% profit , 20% of them are sold at a loss of 20% and the remaining articles are sold at a profit of 20% , then the profit of Rs.3312 is obtained . Find the cost price of the articles .
(a) Rs.18,600
(b) Rs.21,400
(c) Rs.21,600
(d) Rs.20,000
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Answer: C
Q10. A cloth merchant sold half of his cloth at 20% profit , half of the remaining cloth at 20% loss and the rest was sold at his cost price . In the total transaction , his gain or loss will be
(a) 5% profit
(b) Neither loss or gain
(c) 5% loss
(d) 10% profit
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Answer: B