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Profit & Loss Quiz For Upcoming Exams

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Q41.
If a shirt costing Rs. 385 is sold at a loss of 5% of the
cost price, find the selling price.
(a)Rs. 364
(b)Rs. 364.74
(c)Rs. 365
(d)Rs. 365.75
(e) None of these

Q42.
If the cost price of 24 articles is equal to the selling
price of 21 articles, what is the percentage gain or
loss?
(a)100/7 % gain
(b)100/7 % loss
(c)12.5% loss
(d)12.5% gain
(e) None of these

Q43.
Of the two varieties of rice available, variety A is
bought at Rs. 32 per kg. and variety B at Rs. 80 per
kg. Two varieties of rice are mixed together in the
respective ratio of 8:5 and the mixture is sold at Rs.
72 per kg. What per cent of profit approximately the
Seller receives ?
(a)43%
(b)46%
(c)38%
(d)39%
(e) None of these

Q44.
If the manufacturer gains 10%, the wholesale dealer
15% and the retailer 25%, then the cost of production
of an article Whose retail price is Rs. 1265, is:
(a)Rs. 632.50
(b)Rs. 800
(c)Rs. 814
(d)Rs. 834.34
(e) None of these

Q45.
The income of a broker remains unchanged though
the rate of commission is increased from 4 per cent to
5 per cent. The percentage of slump in business is:
(a)10 percent
(b)15 percent
(c)20 percent
(d)30 percent
(e) None of these

Q46.
A watch is sold at a profit of 20%. If both the cost
price and the selling price of the watch are decreased
by Rs. 100, the profit would be 5% more. Original cost
price of the watch is
(a)Rs. 450
(b)Rs. 500
(c)Rs. 550
(d)Rs. 600
(e) None of these

Q47.
A vendor sells calculators at the rate of Rs. 250 each
and earns d commission of 20% on each- He also sells
pens at the rate of Rs. 50 each and earns a
commission of 10% on each. How much amount of
commission will he earn in three days if he sells 10
calculators and 5 pens a day ?
(a)Rs.1575
(b)Rs. 1445
(c)Rs. 1550
(d)Rs. 1450
(e) None of these

Q48.
A person bought 864 articles and sold 800 of them for
the price he paid for 864 articles. He sold the
remaining articles at the same price per article as the
other 800, The percentage gain on the entire
transaction is
(a)7.50%
(b)8%
(c)8.50%
(d)9%
(e) None of these

Q49.
Prof. Chatterjee bought a car and got 15% of its
original price as a dealer’s discount. He then sold It at
20% profit on his purchase price. What percentage
profit did he get on the original price ?
(a)2%
(b)12%
(c)5%
(d)17%
(e) None of these

Q50.
Cost of 4 fans and 3 blowers is Rs. 16,500. Also cost of
2 fans, 2 tables and 2 blowers is Rs. 12.000. Cost of
one table is Rs. 1000.What is the cost of 3 fans and one
blower?
(a)Rs. 8,000
(b)Rs. 7,500
(c)Rs. 8,500
(d)Cannot be determined
(e)None of these

Q51.
By selling 18 chocolates, a vendor loses the selling
price of 2 chocolates. Find his loss percent.
(a)9%
(b)10%
(c)11%
(d)12%
(e) None of these

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