Profit & Loss MCQ Practice

721. Raju purchased an item for ₹ 8200 and sold it at a gain of 25%. From that amount he purchased another item and sold it at a loss of 20%. What is his overall gain/loss?

722. A fruit vendor sells mangoes at ₹ 9 per kg and loses 20%. At what price per kg should he sell to gain 5%?

723. When a plot is sold for ₹ 18,700, the owner loses 15%. At what price must the plot be sold in order to gain 15%?

724. By selling a bicycle for ₹ 2850, a shopkeeper gains 14%. If the profit is reduced to 8% then the selling price will be

725. A trader buys a chair for ₹ 600 and sells it for ₹ 765 on 4 months' credit. Taking money to be worth 6% p.a., what is his gain percent?

726. Ronit and Vinit purchased a scooter for ₹ 25000 and sold the same for ₹ 26250. If at the time of purchase Ronit paid 1 1 2 times as much as Vinit, how much did Vinit receive out of profit?

727. A manufacturer undertakes to supply 2000 pieces of a particular component at ₹ 25 per piece. According to his estimates, even if 5% fail to pass the quality tests, then he will make a profit of 25%. However, as it turned out, 50% of the components were rejected. What is the loss to the manufacturer?

728. Jacob buys a scooter, spends 10% of its cost on repairs, and sells it at a profit of ₹ 1100, which is a 20% profit. How much did he spend on repairs?

729. A person bought 20 litres of milk at the rate of ₹ 8 per litre. He got it churned after spending ₹ 10 and 5 kg of cream and 20 litres of toned milk were obtained. If he sold the cream at ₹ 30 per kg and toned milk at ₹ 4 per litre, his profit in the transaction is

730. Saransh purchased 120 reams of paper at ₹ 80 per ream. He spent ₹ 280 on transportation, paid octroi at the rate of 40 paise per ream and paid ₹ 72 to the coolie. If he wants to have a gain of 8%, what must be the selling price per ream?

731. A person purchased 10 dozen pens at the rate of ₹ 4 per dozen. On checking, he found that 20 pens were not working. In order to earn 25% profit, he should sell the remaining pens each at

732. Abhishek purchased 140 shirts and 250 trousers @ ₹ 450 and @ ₹ 550 respectively. What should be the overall average selling price of shirts and trousers so that 40% profit is earned? (rounded off to next integer)

733. A shopkeeper buys 144 eggs at 90 paise each. On the way 20 eggs were broken. He sold the remaining eggs at ₹ 1.20 each. The percentage gain or loss is

734. The selling price of an article including 10% sales tax is ₹ 616. If the shopkeeper makes a 12% profit, what is the cost price?

735. A shopkeeper expects a gain of 22½% on his cost price. If in a week, his sale was of ₹ 392, what was his profit?

736. A gold bracelet is sold for ₹ 14500 at a loss of 20%. What is the cost price of the gold bracelet?

737. The owner of a furniture shop charges his customer 28% more than the cost price. If a customer paid ₹ 23680 for a dining table set, then what was the original price of the dining set?

738. A trader sells an article and loses 1 12 %. 2 The ratio of cost price to the selling price is

739. If the ratio of cost price and selling price of an article be 10 : 11, the percentage of profit is

740. If an article is sold at 200 percent profit, then the ratio of its cost price to its selling price will be

741. A man buys 10 articles for ₹ 8 and sells them at ₹ 1.25 each. What is his profit?

742. A trader buys some goods for ₹ 150. If the overhead expenses be 12% of cost price, then at what price should it be sold to earn 10%?

743. By selling an article for ₹ 100, a man gains ₹ 15. Then, his gain % is

744. A sells to B an article that cost him ₹ 400 at a 20% profit. B sells it to C at a 10% profit on his own purchase price. How much does C pay?

745. 100 oranges are bought at the rate of ₹ 350 and sold at the rate of ₹ 48 per dozen. The percentage of profit or loss is

746. Sam buys 20 dozen toys at ₹ 375 per dozen and sells each toy at ₹ 33. What is his percentage profit?

747. A shopkeeper purchased 70 kg of potatoes for ₹ 420 and sold the whole lot at the rate of ₹ 6.50 per kg. What will be his gain percent?

748. Alfred purchases a second-hand scooter for ₹ 4700, spends ₹ 800 on repairs and sells it for ₹ 5800. What is his gain percent?

749. Harshad bought 15 pieces of DVD players @ ₹ 4500 each and sold all of them at the total price of ₹ 81000. What is the percent profit earned in the deal?

750. Mohanlal purchased a TV set for ₹ 12500 and spent ₹ 300 on transportation and ₹ 800 on installation. At what price should he sell it so as to earn an overall profit of 15%?

751. Rajni purchased a mobile phone and a refrigerator for ₹ 12000 and ₹ 10000 respectively. She sold the refrigerator at a loss of 12 percent and the mobile phone at a profit of 8 percent. What is her overall loss/profit?

752. Rakesh purchased a mobile phone for ₹ 5400 and a refrigerator for ₹ 9600. He sold the mobile phone at three-fourths of its cost price and the refrigerator at 1 1 3 of its cost price. What was the profit/loss?

753. The cost price of an article is ₹ 7840. What should be the selling price of the article so that there is a profit of 7%?

754. A shopkeeper buys an article for ₹ 2090.42. Approximately what profit percent does he make by selling it for ₹ 2602.58?

755. If books bought for prices from ₹ 200 to ₹ 350 are sold for prices from ₹ 300 to ₹ 425, what is the largest profit possible on eight books?

756. In terms of percentage profit, which is the best transaction? C.P. (in ₹) Profit (in ₹)

757. Mr Kashyap purchased an airconditioner for ₹ 12000 and sold it for ₹ 15000. What was the profit percentage?