Profit & Loss Mcqs

Q.  A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?

a. neither profit nor loss
b. 1%
c. 2%
d. 3%


ANSWER: See Answer
 
Profit on first article = 20% of 1000 = 200.
This is equal to the loss he makes on the second article. That, is he makes neither profit nor loss.
MCQs:  Ramees professes to sell his goods at the cost price but he made use of 900 grms instead of a kg, what is the gain percent?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A dishonest dealer professes to sell goods at the cost price but uses a weight of 800 grams per kg, what is his percent?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A tradesman by means of his false balance defrauds to the extent of 20%? in buying goods as well as by selling the goods. What percent does he gain on his outlay?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  Ramees sold two bicycles, each for Rs.990. If he made 10% profit on the first and 10% loss on the second, what is the total cost of both bicycles?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  By selling 50 meters of cloth. I gain the selling price of 15 meters. Find the gain percent?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  By selling 12 pencils for a rupee a man loses 20%. How many for a rupee should he sell in order to gain 20%?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The C.P of 15 books is equal to the S.P of 18 books. Find his gain% or loss%?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The C.P of 10 pens is equal to the S.P of 12 pens. Find his gain % or loss%?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  By selling 150 mangoes, a fruit-seller gains the selling price of 30 mangoes. Find the gain percent?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  If a man lost 4% by selling oranges at the rate of 12 a rupee at how many a rupee must he sell them to gain 44%?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20%?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A single discount equivalent to the discount series of 20%, 10% and 5% is_______?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The list price of an article is Rs.65. A customer pays Rs.56.16 for it. He was given two successive discounts, one of them being 10%. The other discount is________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The sale price sarees listed for Rs.400 after successive discount is 10% and 5% is________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The cost price of a radio is Rs.1500 and it was sold for Rs.1230, find the loss %?
Category: Mathematics Quizzes,   Published by: T-Code Scripts