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Quantitative Aptitude

PROFIT AND LOSS MCQs

Profit & Loss

Total Questions : 2016 | Page 200 of 202 pages
Question 1991. A man sells two articles for Rs.3600 each and he gains 30% on the first and loses 30% on the next. Find his total gain or loss?
  1.    9% loss
  2.    400
  3.    4000
  4.    324
 Discuss Question
Answer: Option A. -> 9% loss
(30*30)/100 = 9%LOSS
Question 1992. A man purchases 8 pens for Rs.9 and sells 9 pens for Rs.8, how much profit or loss does he make?
  1.    20.98% profit
  2.    20.98% loss
  3.    20.89% profit
  4.    20.89% loss
 Discuss Question
Answer: Option B. -> 20.98% loss
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 1993. Ramees professes to sell his goods at the cost price but he made use of 900 grms instead of a kg, what is the gain percent?
  1.    11%
  2.    11 2/9%
  3.    11 1/9%
  4.    10%
 Discuss Question
Answer: Option C. -> 11 1/9%
900 — 100
100 — ? => 11 1/9%
Question 1994. A dishonest dealer professes to sell goods at the cost price but uses a false weight and gains 25%. Find his false weight age?
  1.    700 gms
  2.    750 gms
  3.    800 gms
  4.    850 gms
 Discuss Question
Answer: Option C. -> 800 gms
25 = E/(1000 – E) * 100
1000 – E = 4E
1000 = 5E => E = 200
1000 – 200 = 800
Question 1995. A dishonest dealer professes to sell goods at the cost price but uses a weight of 800 grams per kg, what is his percent?
  1.    20%
  2.    25%
  3.    30%
  4.    15%
 Discuss Question
Answer: Option B. -> 25%
800 — 200
100 — ? => 25%
Question 1996. A tradesman by means of his false balance defrauds to the extent of 20%? in buying goods as well as by selling the goods. What percent does he gain on his outlay?
  1.    20%
  2.    45%
  3.    44%
  4.    48%
 Discuss Question
Answer: Option C. -> 44%
G% = 20 + 20 + (20*20)/100
= 44%
Question 1997. Ramees sold two bicycles, each for Rs.990. If he made 10% profit on the first and 10% loss on the second, what is the total cost of both bicycles?
  1.    Rs.2000
  2.    Rs.1980
  3.    Rs.1891
  4.    Rs.1750
 Discuss Question
Answer: Option A. -> Rs.2000
(10*10)/100 = 1%LOSS
100 — 99
? — 1980 => RS.2000
Question 1998. The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?
  1.    15 5/15%
  2.    18 2/11%
  3.    16 2/3%
  4.    30%
 Discuss Question
Answer: Option B. -> 18 2/11%
13 CP = 11 SP
11 — 2 CP
100 — ? =>18 2/11%
Question 1999. By selling 50 meters of cloth. I gain the selling price of 15 meters. Find the gain percent?
  1.    35%
  2.    30%
  3.    40%
  4.    42 6/7%
 Discuss Question
Answer: Option D. -> 42 6/7%
SP = CP + G
50 SP = 50 CP + 15 SP
35 SP = 50 CP
35 — 15 CP GAIN
100 — ? => 42 6/7%
Question 2000. By selling 12 pencils for a rupee a man loses 20%. How many for a rupee should he sell in order to gain 20%?
  1.    8
  2.    9
  3.    12
  4.    16
 Discuss Question
Answer: Option A. -> 8
80% — 12
120% — ?
80/120 * 12 = 8

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