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Quantitative Aptitude

PROFIT AND LOSS MCQs

Profit & Loss

Total Questions : 2016 | Page 4 of 202 pages
Question 31.

  1. A shopkeeper professes to sell his goods on cost price but with the false balance, he gains \(1\frac{1}{9}\)%. What does he use for a kilogram weight?

  1.    750 g
  2.    800 g
  3.    850 g
  4.    900 g
 Discuss Question
Answer: Option D. -> 900 g
Question 32.

  1. By selling an article for Rs 11, a man gained 10%. To lose 10%, he should sell it for

  1.    Rs 9
  2.    Rs 10
  3.    Rs 11
  4.    none of these
 Discuss Question
Answer: Option A. -> Rs 9
Question 33.

  1. X sold his goods to Y at a loss of 25%. Y sold it to Z at a price that would have given X a gain of 50%. Determine the gain per cent of Y.

  1.    90 %
  2.    100 %
  3.    110%
  4.    120%
 Discuss Question
Answer: Option B. -> 100 %
Question 34.
  1. A man bought buttons at 4 for 9 paise and sold them at 5 for 12 paise and thus gained Rs 120. What was the number of buttons bought?

  1.    75000
  2.    80000
  3.    85000
  4.    90000
 Discuss Question
Answer: Option B. -> 80000
Let the number of buttons bought be x.
According to the problem, the cost price (CP) of 4 buttons = 9 paiseTherefore, the CP of 1 button = 9/4 paise
Also, the selling price (SP) of 5 buttons = 12 paiseTherefore, the SP of 1 button = 12/5 paise
The man gained Rs 120, which is equal to 120*100 paise = 12000 paise.
The profit gained by selling 5 buttons = SP of 5 buttons - CP of 4 buttons= (5*(12/5)) - (4*(9/4)) paise= 3 paise
Therefore, the profit gained by selling 1 button = 3/5 paise
The total profit gained by selling x buttons can be calculated as:Total profit = Profit gained by selling 1 button * Number of buttons sold= (3/5)*x paise
As per the problem, the total profit gained is 12000 paise.Therefore, (3/5)x = 12000=> x = (120005)/3=> x = 20000
Hence, the number of buttons bought = x = 20000*4 = 80000.
Therefore, the correct option is B. 80000.If you think the solution is wrong then please provide your own solution below in the comments section .
Question 35.

  1. A cloth merchant has announced 25% rebate in prices. If one needs to have a rebate of Rs 42, then how many shirts costing Rs 28 each should he purchase?

  1.    5
  2.    6
  3.    7
  4.    8
 Discuss Question
Answer: Option B. -> 6
Question 36.

  1. A dishonest seller professes to sell his goods at cost price but uses a weight of 900 g for a kilogram weight. His gain % is

  1.    \(11\frac{1}{9}%\)
  2.    \(12\frac{1}{9}%\)
  3.    \(13\frac{1}{9}%\)
  4.    none of these
 Discuss Question
Answer: Option A. -> \(11\frac{1}{9}%\)
Question 37.

  1. A dishonest seller professes to sell his goods at cost price but uses a weight of 900 g for a kilogram weight. His gain % is

  1.    \(11\frac{1}{9}%\)%
  2.    \(12\frac{1}{9}%\)%
  3.    \(13\frac{1}{9}%\)%
  4.    none of these
 Discuss Question
Answer: Option A. -> \(11\frac{1}{9}%\)%
Question 38.

  1. Marked price of an article is 30% above cost price. What will be the gain % after allowing a 20% discount to a customer?

  1.    3%
  2.    4%
  3.    5%
  4.    6%
 Discuss Question
Answer: Option B. -> 4%
Question 39.

  1. A merchant marks his goods at 50% above cost price. He sells \(\frac{1}{3}\)rd of the stock at this rate,\(\frac{1}{3}\)rd of the remainder at a discount of 4% and the rest at cost price. His gain per cent is approximately

  1.    24
  2.    25
  3.    26
  4.    27
 Discuss Question
Answer: Option C. -> 26
Question 40.

  1. Mohini bought a hen. She sold it for Rs 31.25 making a percentage of profit equal to cost price in rupees. What is her cost price?

  1.    Rs.20
  2.    Rs 25
  3.    Rs30
  4.    Rs 35
 Discuss Question
Answer: Option B. -> Rs 25

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