Profit and Loss MCQs pdf questions with answers and explanations. Profit and loss statement for small businesses MCQs. Profit and loss mcqs online test and basic Maths mcqs with answers pdf.
Cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12% ____ ?
A. 42 %
B. 27.5 %
C. 37.5 %
D. 38.5 %A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is _____ ?
A. 5
B. 12
C. 10
D. 15Suppose he has 100 items. Let C.P. of each item be Re. 1.
Total cost = Rs. 100. Number of items left after theft = 80.
S.P. of each item = Rs. 1.10
Total sale = 1.10 * 80 = Rs. 88
Hence, loss % = 12/100 * 100 = 12%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 ______ ?
A. Rs. 150
B. Rs. 125
C. Rs. 110
D. Rs. 120A man buys an article for 10% less than its value and sells it for 10% more than its value. His gain or loss percent is ____ ?
A. 20% profit
B. less than 20% profit
C. more than 20% profit
D. no profit, no lossLet the article be worth Rs. x.
C.P. 90% of Rs. x = Rs. 9x/10
S.P. = 110% of Rs. x = Rs. 11x/10
Gain = (11x/10 – 9x/10) = Rs. x/5
Gain % = x/5 * 10/9x * 100 = 22 2/9 % > 20%If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is _____ ?
A. Rs. 200
B. Rs. 225
C. Rs. 50
D. Rs. 160A person purchases 90 clocks and sells 40 clocks at a gain of 10% and 50 clocks at a gain of 20%. If he sold all of them at a uniform profit of 15%, then he would have got Rs. 40 less. The cost price of each clock is _______ ?
A. Rs.80
B. Rs.90
C. Rs.50
D. Rs.60Let C.P. of clock be Rs. x.
Then, C.P. of 90 clocks = Rs. 90x.
[(110% of 40x) + (120% of 50x)] – (115% of 90x) = 40
44x + 60x – 103.5x = 40
0.5x = 40 => x = 80Cash difference between the selling prices of an article at a profit of 4% and 6% is Rs. 3. The ratio of the two selling prices is: ______ ?
A. 51:53
B. 52:55
C. 52:53
D. 51:52