# Profit & Loss Mcqs

Q.  A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered?

a. 24.5
b. 28.5
c. 30
d. Data inadequate
e. None of these

ANSWER: See Answer

Let C.P. be Rs. 100.

Then, S.P. = Rs. 123.50
Let marked price be Rs. x. Then, 95/100 x = 123.50
x = 12350/95 = Rs. 130
Now, S.P. = Rs. 130, C.P. = Rs. 100
Profit % = 30%.
 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? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  If selling price is doubled, the profit triples. Find the profit percent: Category: Mathematics Quizzes,   Published by: T-Code Scripts 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:________? Category: Mathematics Quizzes,   Published by: T-Code Scripts 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? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  The ratio of the cost price and the selling price is 4:5. The profit percent is:__________? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  Let C.P. = Rs. 4x. Then, S.P. = Rs. 5x Gain = (5x – 4x) = Rs. x Gain % = (x * 100)/ 4x = 25%. Category: Mathematics Quizzes,   Published by: T-Code Scripts 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: Category: Mathematics Quizzes,   Published by: T-Code Scripts 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 MCQs:  The successive discounts 20% and 15% are equal to a single discount of__________? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  Rahat purchased a refrigerator for Rs. 12500 after getting a discount of 20% on the labelled price. He spent Rs. 125 on transport and Rs. 250 on installation. At what price should it be sold so that the profit earned would be 10% if no discount was offered? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  Mahad marks an article 15% above the cost price of Rs. 540. What must be his discount percentage if he sells it at Rs. 496.80? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  An article was sold after a discount of 20% and there was a gain of 20%. If the profit made on it was Rs. 6 less than the discount offered on it, find its selling price? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  A trader marks his articles 20% more than the cost price. If he allows 20% discount, then find his gain or loss percent? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  Mahad sold an article for Rs. 18000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price of the article? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  Rayyan purchased a refrigerator and a mobile phone for Rs. 15000 and Rs. 8000 respectively. He sold the refrigerator at a loss of 4 percent and the mobile phone at a profit of 10 percent. Overall he make a________? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  A shopkeeper sells 400 metres of cloth for Rs. 18000 at a loss of Rs.5 per metre. Find his cost price for one metre of cloth? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  The value of a machine depreciates at 20% per annum. If its present value is Rs. 1,50,000, at what price should it be sold after two years such that a profit of Rs. 24,000 is made? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  After allowing a discount of 15% on the marked price, the selling price is Rs. 6800 for an article. If it was sold at marked price, there would have been a profit of 60%. The cost price of the article is? Category: Mathematics Quizzes,   Published by: T-Code Scripts MCQs:  A shopkeeper sells 20% of his stock at 10% profit ans sells the remaining at a loss of 5%. He incurred an overall loss of Rs. 400. Find the total worth of the stock? Category: Mathematics Quizzes,   Published by: T-Code Scripts