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Quantitative Aptitude

PROFIT AND LOSS MCQs

Profit & Loss

Total Questions : 2016 | Page 196 of 202 pages
Question 1951. A trader marks his articles 20% more than the cost price. If he allows 20% discount, then find his gain or loss percent?
  1.    No profit No loss
  2.    4% profit
  3.    2% loss
  4.    2% profit
  5.    None of these
 Discuss Question
Answer: Option E. -> None of these
LET CP OF AN ARTICLE = RS. 100
MP= RS. 120
DISCOUNT = 20%
SP = M[(100 – D%)/100] = 120(80/100) = RS. 96
CLEARLY, THE TRADER GETS 4% LOSS.
Question 1952. 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?
  1.    Rs. 15000
  2.    Rs. 16200
  3.    Rs. 14700
  4.    Rs. 15900
  5.    None of these
 Discuss Question
Answer: Option A. -> Rs. 15000
LET THE CP BE RS. X.
HAD HE OFFERED 10% DISCOUNT, PROFIT = 8%
PROFIT = 8/100 X AND HENCE HIS SP = X + 8/100 X = RS. 1.08X = 18000 – 10/100(18000) = 18000 – 1800 = RS. 16200
=> 1.08X = 16200
=> X = 15000
Question 1953. 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?
  1.    Rs. 6400
  2.    Rs. 5600
  3.    Rs. 5000
  4.    Rs. 4800
  5.    None of these
 Discuss Question
Answer: Option C. -> Rs. 5000
GIVEN SP = RS. 6800
MARKED PRICE = [SP(100)]/(100 – D%) = (6800 * 100)/(100 – 15) = RS. 8000
IF SP = RS. 8000, PROFIT = 60%
CP = [SP(100)]/(100 + 60) = (8000 * 100)/160 = RS. 5000
Question 1954. 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?
  1.    Rs. 25000
  2.    Rs. 20000
  3.    Rs. 15000
  4.    Rs. 22000
  5.    None of these
 Discuss Question
Answer: Option B. -> Rs. 20000
LET THE TOTAL WORTH OF THE STOCK BE RS. X.
THE SP OF 20% OF THE STOCK = 1/5 * X * 1.1 = 11X/50
THE SP OF 80% OF THE STOCK = 4/5 * X * 0.95 = 19X/25 = 38X/50
TOTAL SP = 11X/50 + 38X/50 = 49X/50
OVERALL LOSS = X – 49X/50 = X/50
X/50 = 400 => X = 20000
Question 1955. 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________?
  1.    loss of Rs. 200
  2.    loss of Rs. 100
  3.    profit of Rs. 100
  4.    profit of Rs. 200
  5.    None of these
 Discuss Question
Answer: Option D. -> profit of Rs. 200
LET THE SP OF THE REFRIGERATOR AND THE MOBILE PHONE BE RS. R AND RS. M RESPECTIVELY.
R = 15000(1 – 4/100) = 15000 – 600
M = 8000(1 + 10/100) = 8000 + 800
TOTAL SP – TOTAL CP = R + M – (15000 + 8000) = -600 + 800 = RS. 200
AS THIS IS POSITIVE, AN OVERALL PROFIT OF RS. 200 WAS MADE.
Question 1956. 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?
  1.    Rs. 45
  2.    Rs. 40
  3.    Rs. 35
  4.    Rs. 50
  5.    None of these
 Discuss Question
Answer: Option D. -> Rs. 50
SP PER METRE = 18000/400 = RS. 45 LOSS PER METRE = RS. 5 CP PER METRE = 45 + 5 = RS. 50
Question 1957. By selling 99 pens, a trader gains the cost of 33 pens. Find his gain percentage?
  1.    33 1/3%
  2.    50%
  3.    25%
  4.    66 2/3%
  5.    None of these
 Discuss Question
Answer: Option A. -> 33 1/3%
LET THE CP OF EACH PEN BE RS. 1.
CP OF 99 PENS = RS. 99
PROFIT = COST OF 33 PENS = RS. 33
PROFIT% = 33/99 * 100 = 33 1/3%
Question 1958. 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?
  1.    Rs. 1,10,000
  2.    Rs. 1,20,000
  3.    Rs. 1,24,000
  4.    Rs. 1,21,000
  5.    None of these
 Discuss Question
Answer: Option B. -> Rs. 1,20,000
THE VALUE OF THE MACHINE AFTER TWO YEARS = 0.8 * 0.8 * 1,50,000 = RS. 96,000
SP SUCH THAT A PROFIT OF RS. 24,000 IS MADE = 96,000 + 24,000 = RS. 1,20,000
Question 1959. A fruit vendor purchased 20 dozens of bananas at Rs. 15 per dozen. But one-fourth of the bananas were rotten and had to be thrown away. He sold two-third of the remaining bananas at Rs. 22.50 per dozen. At what price per dozen should he sell the remaining bananas to make neither a profit nor a loss?
  1.    Rs. 20
  2.    Rs. 15
  3.    Rs. 22.50
  4.    Rs. 7.50
  5.    None of these
 Discuss Question
Answer: Option B. -> Rs. 15
CP OF 20 DOZEN OF BANANAS = 15 * 20 = RS. 300
NUMBER OF BANANAS WHICH ARE ROTTEN = 1/4 * 20 = 5 DOZEN.
SP OF TWO-THIRD OF REMAINING BANANAS = (2/3 * 15) * 22.5 = RS. 225
SP OF REMAINING 5 DOZENS OF BANANAS TO MAKE NO PROFIT AND NO LOSS =(300 – 225) = RS. 75.
SP OF 1 DOZEN BANANAS = 75/5 = RS. 15.
Question 1960. A dealer purchases 15 articles for Rs. 25 and sells 12 articles for Rs. 30. Find the profit percentage?
  1.    25%
  2.    50%
  3.    20%
  4.    5%
  5.    None of these
 Discuss Question
Answer: Option B. -> 50%
L.C.M OF 15 AND 12 = 60
CP OF 60 ARTICLES = RS. 100 (25 * 4)
SP OF 60 ARTICLES = RS. 150 (30 * 5)
PROFIT PERCENTAGE = (150 – 100)/100 * 100 = 50%

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