Profit and Loss - Quantitative Aptitude (MCQ) questions 1

11 . The marked price of a radio is 20% more than its cost price. If a discount of 10% is given on the marked price, the gain per cent is: 5 10 8 15 Answer - [ 8 ] 12 . A shopkeeper sells sugar in such a way that the selling price of 950g of sugar is the same s the cost price of 1 kg of sugar. What is his gain percent? 5(5/7) % 5(5/19) % 8 % 6(7/12) % Answer - [ 5(5/19)% ] 13 . A dealer buys dry fruits at Rs. 100, Rs. 80, and Rs. 60 per kilogram. He mixes them in the ratio 3:4:5 by weight and sells at a profit of 50%. At what price per kilogram does he sell the dry fruits? Rs 85 Rs 115 Rs 80 Rs 95 Answer - [ Rs 115 ] 14 . After allowing a discount of 11.11%, a trader still makes a gain of 14.28%. At how many percent above the cost price does he mark on his goods? 28 % 28.56 % 40 % 22 % Answer - [ 28.56 % ] 15 . The cost price of an article is 80% of its marked price for sale. How much per cent does the tradesman gain after allowing a discount of 12%? 34 % 10 % 40 % 50 % Answer - [ 10 % ] 16 .A merchant has announced 25% rebate on prices of ready-made garments at the time of sale. If a purchaser needs to have a rebate of Rs. 400, then how many shirts, each costing Rs. 320, should he purchase? 4 7 5 10 Answer - [ 5 ] 17 . A reduction of 10% in the price of tea enables a dealer to purchase 25 kg more tea for Rs. 22500. What is the reduced price per kg of tea? Rs 40 Rs 90 Rs 50 Rs 10 Answer - [ Rs 90 ]  18 . A sells an article to B at gain of 25% B sells it to C at a gain of 20% and C sells it to D at a gain 10%. If D pays Rs. 330 for it, how much did it cost to A? Rs 800 Rs 200 Rs 350 Rs 600 Answer - [ Rs 200 ] 19 . I sold two watches for Rs. 300 each, one at loss of 20% and other at the profit of 20%. What is the percentage of loss (-) or profit (+) that resulted from the transaction? - 4 - 5 + 5 + 4 Answer :[ - 4 ] 20 . A shopkeeper wishes to give 5% commission on the marked price of an article but also wants to earn a profit of 10%. If his cost price is Rs. 95, then marked price is: Rs 200 Rs 110 Rs 540 Rs 600 Answer - [ Rs 110 ]