Profit & Loss Quants MCQs with Answer - Exercise V


Ques 1 Profit and Loss


Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at Rs. 30 less, but still she gained 20%. The cost price of the watch is?
  a) Rs 220
  b) Rs 240
  c) Rs 250
  d) Rs 270


c is the correct option




Ques 2 Profit and Loss


Pooja wants to sell a watch at a profit of 20%. She bought it at 10% less and sold it at Rs. 30 less, but still she gained 20%. The cost price of the watch is?Charging 30% above its production cost a radio marker puts a lable of Rs. 286 on a radio as its price. But at the-time of selling, it he allows 10% discount on the labelled price. What will his gain be?
  a) Rs. 35.00
  b) Rs. 39.60
  c) Rs. 37.40
  d) Rs. 38.70


c is the correct option




Ques 3 Profit and Loss


A shopkeeper allows a discount of 10% on the marked price of an item but charges a sales tax of 8% on the discounted price. If the customer pays Rs. 3,402 as the price including the sales tax, then the marked price is?
  a) Rs. 3400
  b) Rs. 3500
  c) Rs. 3600
  d) Rs. 3700


b is the correct option




Ques 4 Profit and Loss


By selling 25 metres of cloth a trader gains the selling price of 5 metres of cloth. The gain of the trader in % is?
  a) 15%
  b) 20%
  c) 25%
  d) 30%


c is the correct option




Ques 5 Profit and Loss


A fruit seller buys some oranges at the rate of 4 for Rs. 10 and an equal number more at 5 for Rs. 10. He sells the whole lot at 9 for Rs. 20. What is his loss or gain percent?
  a) 1.23% Loss
  b) 1.23% Profit
  c) 1.42% Loss
  d) 1.42% Profit


a is the correct option




Ques 6 Profit and Loss


A retailer purchases several pens of same cost for Rs.384 and then sells some of them for Rs.114 at no loss or gain. What is the least possible number of pens that he will be left with?
  a) 49
  b) 47
  c) 48
  d) 45


d is the correct option