NEOCODE

Profit and Loss MCQs

1. A person bought 76 cows and sold 20 cows at 15% profit, 40 cows at 19% profit, and remaining 16 cows at 25% profit and got a profit of Rs. 6570 as a whole. The cost price of each cow is:

2. For a new apartment complex, a person purchased 60 toilets and 20 shower heads. If the price of a toilet is three times the price of a shower head, the cost of all shower heads is what percentage of the total cost?

3. Krishna has 12 oranges with him. He sells x of them at a profit of 10% and the remaining at a loss of 10%. He gains 5% on the whole outlay. The value of x is:

4. An article when sold for Rs. 960 fetches 20% profit. What would be the percent profit/loss if 5 such articles are sold for Rs. 825 each?

5. 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?

6. A shopkeeper sells two watches for Rs. 308 each. On one he gets 12% profit and on the other 12% loss. His profit or loss in the entire transaction was:

7. Ajit and Mohit sold their articles at Rs. 3636 each but Ajit incurred a loss of 10% while Mohit gained by 1%. What is the ratio of cost price of the articles of Ajit to that of Mohit?

8. I sold two watches for Rs. 300 each, one at the loss of 10% and the other at the profit of 10%. What is the net profit/loss that resulted from the transaction?

9. A man wants to sell his scooter. There are two offers, one at Rs. 12000 cash and the other at a credit of Rs. 12880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?

10. A shopkeeper uses 880 gm in place of one kg to sell his goods. Find his actual gain % when he sells his article on 6% gain on cost price?

11. A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 6%. Find the profit percentage is:

12. The MP of an article is 30% higher than its CP and 20% discount is allowed on this article. Then the profit percentage is:

13. A dealer offers a discount of 15 on the marked price of an article and still makes a profit of 205. If its marked price is Rs. 800, then the cost price is:

14. Deepa bought calculator with 30% discounts on the listed price. Had she not got the discount, she would have paid Rs. 82.50 extra. At what price did she buy the calculator?

15. After allowing a discount of 11.11%, a trader still makes a gain of 14.285. At how many percentage above the cost price does he mark up his goods?