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Profit and Loss MCQ for banking, upsc , ssc and other exams

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1) If by selling an article for Rs. 100 a man gains Rs. 15, then his gain percent is….

A. 15%

B. 12 2/3 %

C. 17 11/17 %

D. 17 ¼ %

2) When A commodity is sold for Rs. 34.80, there is a loss of 25%. What is the cost price of the commodity?

A. Rs. 46.40

B. Rs. 26.10

C. Rs. 43

D. Rs. 43.20

3) If the S.P. of an article for is 4/3 times its C.P. the profit percent is…….

A. 33 1/3%

B. 25 1/4 %

C. 20 ½ %

D. 20 ¾ %

4) By selling an article for Rs. 19.50, a dealer makes a profit of 30%. By how much should he increase his S.P. so as to make a profit of 40%?

A. Rs. 1.50

B. Rs. 1.75

C. Rs. 2

D. Rs. 4

5) The C.P. of 20 articles is the same as S.P. of 15 articles. The profit percent is….

A. 25%

B. 30%

C. 33 1/3 %

D. 50%

6) A fruit seller purchases oranges at the rate of 3 for Rs. 5 and sells them at 2 for Rs. 4. His profit is……

A. 10%

B. 11%

C. 20%

D. 25%

7) A dealer professing to sell his goods at C.P., uses a 900-gm weight for a kg. His gain percent is……

A. 9%

B. 10%

C. 11%

D. 11 1/9 %

8) A man buys eggs at 2 for Rs. 1 and an equal number at 3 for Rs. 2 and sells the whole at 5 for Rs. 3. His gain or loss percent is…

A. 2 2/7 %

B. 3 6/7 %

C. 3 2/7 %

D. 2 6/7 %

9) A sells a bicycle to B at a profit of 20% and B sells it to C at a profit of 25%. If C pays Rs. 1500, what did A pay for it?

A. Rs. 825

B. Rs. 1000

C. Rs.110

D. Rs. 1125

10) Two mixers and a TV costs Rs. 7000, while 2 TVs and a mixer cost Rs. 9800. The values of one TV is……

A. Rs. 2800

B. Rs. 2100

C. Rs. 4200

D. Rs. 8400