Profit & Loss Mcqs

Q.  A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is:________?

a. 9
b. 10
c. 11
d. 11 1/9


ANSWER: See Answer
 
Gain % = {Error/(True value – error) × 100} %

= (100/900 × 100)% = 11 1/9%
MCQs:  A sells a bicycle to B at a profit of 20%. B sells it to C at a profit of 25%. If C pays Rs. 225 for it, the cost price of the bicycle for A is:________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is:________?
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MCQs:  By mixing two brands of tea and selling the mixture at the rate of Rs. 177 per kg. a shopkeeper makes a profit of 18%. If to every 2 kg of one brand costing Rs. 200 per kg, 3 kg of the other brand is added, then how much per kg does the other brand cost?
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MCQs:  Haroon purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of 14.25 per kg. He mixed the two and sold the mixture. Approximately what price per kg should be sell the mixture to make 30% profit?
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MCQs:  By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should be sell to get a gain of 20%?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
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MCQs:  On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of:________?
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MCQs:  If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is:
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MCQs:  If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:
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MCQs:  The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit?
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MCQs:  In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
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MCQs:  If selling price is doubled, the profit triples. Find the profit percent:
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MCQs:  A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:________?
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MCQs:  The ratio between the sale price and the cost price of an article is 7:5. What is the ratio between the profit and the cost price of that article?
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MCQs:  The ratio of the cost price and the selling price is 4:5. The profit percent is:__________?
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MCQs:  Let C.P. = Rs. 4x. Then, S.P. = Rs. 5x Gain = (5x – 4x) = Rs. x Gain % = (x * 100)/ 4x = 25%.
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MCQs:  The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is:
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MCQs:  Samad purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs. 6.50 per kg. What will be his gain percent?
Category: Mathematics Quizzes,   Published by: T-Code Scripts