Profit & Loss Mcqs

Q.  If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425. What is the greatest possible profit that might be made in selling 8 books?

a. Rs. 400
b. Rs. 600
c. Cannot be determined
d. None of these


ANSWER: See Answer
 
Profit is maximum when C.P is minimum and S.P Maximum.

Thus, C.P = Rs. (200 × 8) = Rs. 1600

S.P = Rs. (425 × 8) = Rs. 3400

Gain = Rs. 1800
MCQs:  A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
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:________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is:
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is:
Category: Mathematics Quizzes,   Published by: T-Code Scripts
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?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
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