Profit and Loss MCQ Questions and Answers on Arithmetic Ability

Profit and Loss MCQ Questions and Answers on Arithmetic Ability

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Profit and Loss MCQ Questions and Answers on Arithmetic Ability: here learn Profit and Loss objective questions and answers on arithmetic ability and you can also download study material pdf.

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1) A shopkeeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the book is:

2) By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:

3) A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction:

4) A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:

5) If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for:

6) A man sold two chairs at Rs. 1,200 each. On one he gained 20% and on the other he lost 20%. His gain or loss in the whole transaction is:

7) A shopkeeper marks his goods 30% above his cost price but allows a discount of 10% at the time of sale. His gain is:

8) If the profit per cent got on selling an article is numerically equal to its cost price in rupees and the selling price is Rs. 39, then cost price (in Rs.) will be:

9) A man buys a field of agricultural land for Rs. 3,60,000. He sells one-third at a loss of 20% and two-fifths at a gain of 25%. At what price must he sell the remaining field so as to make an overall profit of 10%?

10) An article is listed at Rs. 920. A customer pays Rs. 742.90 for it after getting two successive discounts. If the rate of first discount is 15%, the rate of 2nd discount is:

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