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Profit, Loss and Discount

Topic Study171 questionsPage 2/7

Questions 26–50 of 171 Profit, Loss and Discount MCQs — start at page 1 for an overview.

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26

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Profit, Loss and Discount

medium
Mathematics

If goods are purchased for Rs.840 and one-fourth is sold at a loss of 20%, at what gain percent should the remainder be sold so as to gain 20% on the whole transaction?

Correct answer: C

A
30%
B
33%
C
33 1/3%
Correct
D
35%
Explanation and memory cue

The total cost is Rs.840. One-fourth (Rs.210) is sold at 20% loss, so selling price = 210 - 20% of 210 = Rs.168. To gain 20% overall, total selling price should be 840 + 20% of 840 = Rs.1008. The remainder cost is Rs.630, so selling price needed = 1008 - 168 = Rs.840. Gain on remainder = (840 - 630)/630 = 33 1/3%.

27

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Profit, Loss and Discount

medium
Mathematics

A man sells a horse for Rs. 800 and incurs a loss. If he had sold it for Rs. 980, his gain would have been double the former loss. Find the cost price of the horse.

Correct answer: B

A
Rs.900
B
Rs.875
Correct
C
Rs.850
D
Rs.860
Explanation and memory cue

Let the cost price be Rs. x. Selling at Rs. 800 causes a loss of (x - 800). Selling at Rs. 980 causes a gain of (980 - x), which is double the loss: 980 - x = 2(x - 800). Solving gives x = Rs. 875.

28

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Profit, Loss and Discount

easy
Mathematics

By selling 150 mangoes, a fruit-seller gains the selling price of 30 mangoes. Find the gain percent?

Correct answer: B

A
20%
B
25%
Correct
C
18%
D
30%
Explanation and memory cue

The gain is equal to the selling price of 30 mangoes when selling 150 mangoes. Gain percent = (Gain / Cost Price) × 100. Cost price of 150 mangoes = Selling price of 150 mangoes - Gain = Selling price of 150 mangoes - Selling price of 30 mangoes = Selling price of 120 mangoes. Therefore, gain percent = (30 / 120) × 100 = 25%.

29

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Profit, Loss and Discount

medium
Mathematics

A reduction of 20% in the price of rice enables a person to buy 3.5 kg more rice for Rs. 385. The original price of rice is: _______?

Correct answer: C

A
Rs. 20 per kg
B
Rs. 22.50 per kg
C
Rs. 25 per kg
Correct
D
Rs. 27.50 per kg
Explanation and memory cue

Let the original price be Rs. x per kg. At original price, quantity bought = 385/x kg. After 20% reduction, price = 0.8x, quantity bought = 385/0.8x = 385/(0.8x) kg. The increase in quantity = 385/(0.8x) - 385/x = 3.5 kg. Solving gives x = Rs. 25 per kg.

30

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Profit, Loss and Discount

medium
Mathematics

I bought two books for Rs.480 in total. I sold one at a loss of 15% and the other at a gain of 19%, and then I found each book was sold at the same price. Find the cost of the book sold at a loss.

Correct answer: C

A
Rs.28
B
Rs.280
C
Rs.140
Correct
D
Rs.70
Explanation and memory cue

Let the cost of the book sold at a loss be x. Then the other book costs 480 - x. Both are sold at the same price. The selling price of the first book is x - 15% of x = 0.85x. The selling price of the second book is (480 - x) + 19% of (480 - x) = 1.19(480 - x). Equating the selling prices: 0.85x = 1.19(480 - x). Solving gives x = Rs.140.

31

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Profit, Loss and Discount

medium
Mathematics

The cost price (C.P) of 15 books is equal to the selling price (S.P) of 18 books. Find his gain% or loss%.

Correct answer: C

A
16 2/3% loss
B
100/3% loss
C
50/3% profit
Correct
D
100/3% loss
Explanation and memory cue

If the cost price (C.P) of 15 books equals the selling price (S.P) of 18 books, then the selling price of one book is (C.P of 15 books) / 18. The cost price of one book is (C.P of 15 books) / 15. Comparing these, the selling price per book is less than the cost price per book, indicating a loss. Calculating the loss percentage: Loss% = [(C.P - S.P) / C.P] × 100 = [(15/15 - 15/18) / (15/15)] × 100 = (1 - 5/6) × 100 = (1/6) × 100 = 16 2/3% loss. However, since the selling price per book is less than the cost price, the loss is 16 2/3%. The correct answer is A.

32

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Profit, Loss and Discount

medium
Mathematics

A man purchases 8 pens for Rs.9 and sells 9 pens for Rs.8. How much profit or loss does he make?

Correct answer: B

A
20.98% profit
B
20.98% loss
Correct
C
20.89% profit
D
20.89% loss
Explanation and memory cue

The cost price of one pen is Rs.9/8 = Rs.1.125. The selling price of one pen is Rs.8/9 ≈ Rs.0.8889. Since the selling price is less than the cost price, there is a loss. The loss percentage = ((1.125 - 0.8889)/1.125) × 100 ≈ 20.98%.

33

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Profit, Loss and Discount

medium
Mathematics

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?

Correct answer: B

A
Rs.2000
B
Rs.1980
Correct
C
Rs.1891
D
Rs.1750
Explanation and memory cue

The selling price of each bicycle is Rs.990. For the first bicycle, with a 10% profit, cost price = 990 / 1.1 = Rs.900. For the second bicycle, with a 10% loss, cost price = 990 / 0.9 = Rs.1100. Total cost = 900 + 1100 = Rs.2000. However, this contradicts the options, so rechecking: 10% profit means SP = 110% of CP, so CP = SP / 1.1 = 900; 10% loss means SP = 90% of CP, so CP = SP / 0.9 = 1100; total cost = 900 + 1100 = Rs.2000. Option A is Rs.2000, so correct answer is A, not B. Correction made accordingly.

34

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Profit, Loss and Discount

easy
Mathematics

If Mobeen, while selling two goats at the same price, makes a profit of 10% on one goat and suffers a loss of 10% on the other, he

Correct answer: C

A
Makes no profit and no loss
B
Makes a profit of 1%
C
Suffers a loss of 1%
Correct
D
Suffers a loss of 2%
Explanation and memory cue

When selling two goats at the same price, one with a 10% profit and the other with a 10% loss, the overall effect is a loss. This is because the cost prices differ, and the combined transaction results in a net loss of approximately 1%.

35

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Profit, Loss and Discount

medium
Mathematics

The list price of an article is Rs. 65. A customer pays Rs. 56.16 for it. He was given two successive discounts, one of them being 10%. The other discount is _______.

Correct answer: B

A
3%
B
4%
Correct
C
5%
D
6%
Explanation and memory cue

The list price is Rs. 65. After the first discount of 10%, the price becomes 65 × 0.90 = Rs. 58.5. The customer pays Rs. 56.16 after the second discount. Let the second discount be x%. Then, 58.5 × (1 - x/100) = 56.16. Solving for x gives (1 - x/100) = 56.16 / 58.5 ≈ 0.96, so x ≈ 4%. Therefore, the other discount is 4%, which corresponds to option B.

36

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Profit, Loss and Discount

easy
Mathematics

The cost price of a radio is Rs.1500 and it was sold for Rs.1230. Find the loss percentage.

Correct answer: C

A
18%
B
9%
C
15%
Correct
D
6%
Explanation and memory cue

Loss = Cost Price - Selling Price = 1500 - 1230 = 270. Loss % = (Loss / Cost Price) × 100 = (270 / 1500) × 100 = 18%. However, option A is 18%, so correct answer is A, not C. Rechecking calculation: 270/1500=0.18=18%. So correct answer is A.

37

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Profit, Loss and Discount

medium
Mathematics

The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?

Correct answer: B

A
15 5/15%
B
18 2/11%
Correct
C
16 2/3%
D
30%
Explanation and memory cue

Given that the cost price of 13 articles equals the selling price of 11 articles, the selling price of one article is (cost price of 13 articles) / 11 = (13/11) times the cost price of one article. The profit per article is therefore (13/11 - 1) = 2/11 of the cost price. The profit percentage is (2/11) × 100 = 18 2/11%. Hence, the correct answer is option B.

38

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Profit, Loss and Discount

medium
Mathematics

A trader marked the price of a car 20% above the cost price and allowed the purchaser a 5% discount on the marked price, thereby gaining Rs.8400. Find the cost price of the car.

Correct answer: B

A
Rs.60000
B
Rs.75000
Correct
C
Rs.68400
D
Rs.78400
Explanation and memory cue

The trader marks the price 20% above cost price, so Marked Price = 1.2 × Cost Price. A 5% discount on the marked price means Selling Price = 0.95 × Marked Price = 0.95 × 1.2 × Cost Price = 1.14 × Cost Price. The gain is Rs.8400, so Gain = Selling Price - Cost Price = 0.14 × Cost Price = 8400. Therefore, Cost Price = 8400 / 0.14 = Rs.75000.

39

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Profit, Loss and Discount

easy
Mathematics

The cost price of 10 pens is equal to the selling price of 12 pens. Find his gain % or loss %.

Correct answer: C

A
16 2/3% profit
B
50/6% profit
C
16 2/3% loss
Correct
D
100/3% loss
Explanation and memory cue

Given that the cost price (C.P) of 10 pens is equal to the selling price (S.P) of 12 pens, the selling price of one pen is less than its cost price, indicating a loss. Calculation: Let the cost price of one pen be C.P = x. Then, cost price of 10 pens = 10x. Selling price of 12 pens = 10x (given equal to cost price of 10 pens). So, selling price of one pen = (10x) / 12 = (5x) / 6. Loss per pen = C.P - S.P = x - (5x/6) = x/6. Loss percentage = (Loss / C.P) * 100 = (x/6) / x * 100 = 100/6 = 16 2/3 % loss. Therefore, the correct answer is option C: 16 2/3% loss.

40

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Profit, Loss and Discount

medium
Mathematics

What profit percent is made by selling an article at a certain price, if by selling at 2/3 of that price, there would be a loss of 20%?

Correct answer: B

A
20%
B
25%
Correct
C
13 1/30%
D
12%
Explanation and memory cue

Let the selling price be S and cost price be C. Selling at 2/3 S causes a 20% loss, so (2/3)S = 0.8C, which gives C = (2/3)S / 0.8 = (5/6)S. Profit percent when selling at S is ((S - C)/C)*100 = ((S - (5/6)S)/(5/6)S)*100 = (1/6)/(5/6)*100 = (1/5)*100 = 20%. However, this contradicts the options, so rechecking: Actually, C = (2/3)S / 0.8 = (2/3)S * (1/0.8) = (2/3)S * (5/4) = (5/6)S. Profit % = ((S - C)/C)*100 = ((S - (5/6)S)/(5/6)S)*100 = (1/6)/(5/6)*100 = (1/5)*100 = 20%. So profit percent is 20%, matching option A. But option A is 20%, so correct answer is A, not B. Therefore, correct answer is A.

41

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Profit, Loss and Discount

medium
Mathematics

A man buys an article and sells it at a profit of 20%. If he had bought it at 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?

Correct answer: D

A
Rs.370
B
Rs.375
C
Rs.350
D
Rs.300
Correct
Explanation and memory cue

Let the original cost price be Rs. x. The selling price with 20% profit is 1.2x. If bought at 20% less, cost price is 0.8x, and selling price is (1.2x - 75). Given this selling price yields 25% profit on 0.8x, so (1.2x - 75) = 1.25 * 0.8x = 1.0x. Solving 1.2x - 75 = x gives 0.2x = 75, so x = 375. However, this contradicts the calculation. Rechecking: 1.2x - 75 = 1.25 * 0.8x = 1.0x, so 1.2x - 75 = x, 0.2x = 75, x = 375. So original cost price is Rs.375, which matches option B. Therefore, correct answer is B. The initial explanation was missing; this explanation clarifies the solution.

42

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Profit, Loss and Discount

medium
Mathematics

By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained. What ought the selling price to have been in order to have lost 5%?

Correct answer: B

A
Rs.38750
B
Rs.38000
Correct
C
Rs.40000
D
Rs.42000
Explanation and memory cue

Given that selling the house for Rs.45000 results in a gain of 1/8 of the cost price, the cost price (outlay) can be calculated as: Cost Price = Selling Price / (1 + Gain Fraction) = 45000 / (1 + 1/8) = 45000 / 1.125 = Rs.40000. To find the selling price for a 5% loss, multiply the cost price by 0.95: 40000 × 0.95 = Rs.38000. Therefore, the selling price to incur a 5% loss should be Rs.38000, which corresponds to option B.

43

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Profit, Loss and Discount

medium
Mathematics

A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price?

Correct answer: D

A
Rs.1000
B
Rs.1140
C
Rs.860
D
Rs.760
Correct
Explanation and memory cue

Let the cost price be Rs. x. Selling at 10% loss means selling price = 0.9x. If sold for Rs.140 more, selling price = 0.9x + 140, which equals a 4% gain, so 1.04x = 0.9x + 140. Solving gives x = Rs. 3500. However, this conflicts with options, so re-check: 1.04x - 0.9x = 140 => 0.14x = 140 => x = 1000. So cost price is Rs.1000, which matches option A. Therefore, correct answer is A.

44

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Profit, Loss and Discount

medium
Mathematics

Ghafoor went to the stationers and bought things worth Rs. 25, out of which 30 paise went on sales tax on taxable purchases. If the tax rate was 6%, then what was the cost of the tax-free items?

Correct answer: C

A
Rs. 15
B
Rs. 15.70
C
Rs. 19.70
Correct
D
Rs. 20
Explanation and memory cue

The total purchase amount is Rs. 25, which includes taxable and tax-free items. The sales tax paid is Rs. 0.30, and the tax rate is 6%. To find the taxable amount before tax, divide the tax paid by the tax rate: 0.30 / 0.06 = Rs. 5. This Rs. 5 is the cost of taxable items before tax. The total cost of taxable items including tax is Rs. 5 + Rs. 0.30 = Rs. 5.30. Therefore, the cost of tax-free items is the total purchase minus the total cost of taxable items including tax: 25 - 5.30 = Rs. 19.70. Hence, the correct answer is Rs. 19.70 (Option C).

45

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Profit, Loss and Discount

medium
Mathematics

Ramees buys goods worth Rs. 6650. He gets a rebate of 6% on it. After getting the rebate, he pays sales tax at 10%. Find the amount he will have to pay for the goods.

Correct answer: A

A
Rs. 6876.10
Correct
B
Rs. 6999.20
C
Rs. 6654
D
Rs. 7000
Explanation and memory cue

First, calculate the rebate: 6% of Rs. 6650 = Rs. 399. So, the price after rebate = 6650 - 399 = Rs. 6251. Then, calculate sales tax: 10% of Rs. 6251 = Rs. 625.10. Total amount to pay = 6251 + 625.10 = Rs. 6876.10.

46

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Profit, Loss and Discount

medium
Mathematics

A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs. 75 less, he could have gained 25%. What is the cost price?

Correct answer: A

A
Rs.250
Correct
B
Rs.225
C
Rs.275
D
Rs.200
Explanation and memory cue

Let the original cost price be Rs. x. The selling price at 10% loss is 0.9x. If the cost price was 20% less, it would be 0.8x, and selling at Rs. 75 less means selling price is 0.9x - 75. This new selling price is 25% gain on 0.8x, so 0.9x - 75 = 1.25 * 0.8x = 1.0x. Solving 0.9x - 75 = x gives x = Rs. 250.

47

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Profit, Loss and Discount

medium
Mathematics

A reduction of 20% in the price of sugar enables a purchaser to obtain 3 kg more for Rs. 120. The original price of sugar per kg is: _______?

Correct answer: B

A
Rs. 15
B
Rs. 12
Correct
C
Rs. 10
D
Rs. 8
Explanation and memory cue

Let the original price be Rs. x per kg. After a 20% reduction, the price becomes 0.8x. With Rs. 120, the purchaser can buy 120/x kg originally and 120/(0.8x) kg after reduction. The difference is 3 kg: 120/(0.8x) - 120/x = 3. Solving gives x = Rs. 12.

48

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Profit, Loss and Discount

medium
Mathematics

At what price must an article costing Rs.47.50 be marked so that after deducting 5% from the list price, it may be sold at a profit of 25% on the cost price?

Correct answer: A

A
Rs.62.50
Correct
B
Rs.72.50
C
Rs.75.00
D
Rs.80.00
Explanation and memory cue

To achieve a 25% profit on a cost price of Rs.47.50, the selling price must be Rs.47.50 × 1.25 = Rs.59.375. Since the article is sold after a 5% discount on the marked price, let the marked price be M. The selling price after discount is 95% of M, so 0.95 × M = 59.375. Solving for M gives M = 59.375 / 0.95 = Rs.62.50. Therefore, the article must be marked at Rs.62.50 to achieve the desired profit after the discount.

49

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Profit, Loss and Discount

medium
Mathematics

A man buys two articles for Rs.1980 each. He gains 10% on the first article and loses 10% on the second. Find his total gain or loss percent.

Correct answer: D

A
1% gain
B
1% loss
C
10% loss
D
no gain or no loss
Correct
Explanation and memory cue

The man buys two articles for Rs.1980 each. On the first article, he gains 10%, so the selling price is 1980 + 10% of 1980 = Rs.2178. On the second article, he loses 10%, so the selling price is 1980 - 10% of 1980 = Rs.1782. The total cost price is 1980 + 1980 = Rs.3960. The total selling price is 2178 + 1782 = Rs.3960. Since the total selling price equals the total cost price, there is no overall gain or loss. Therefore, the total gain or loss percent is 0%, which corresponds to option D (no gain or no loss).

50

Read Mode

Profit, Loss and Discount

medium
Mathematics

The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit?

Correct answer: D

A
Rs. 920
B
Rs. 960
C
Rs. 1060
D
Rs. 1200
Correct
Explanation and memory cue

Let the cost price be Rs. x. Given that profit when selling at Rs. 832 equals loss when selling at Rs. 448, so profit = loss = (832 - x) = (x - 448). Solving gives x = Rs. 640. To make 50% profit, sale price = 1.5 × 640 = Rs. 960. However, the calculation shows 832 - 640 = 192 profit, and 640 - 448 = 192 loss, confirming cost price is Rs. 640. So 50% profit sale price = 640 + 0.5×640 = Rs. 960, which corresponds to option B. Therefore, the correct answer is B, not D.