Profit and Loss MCQ Question with Answer

Profit and Loss MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

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Question No : 1
If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ?

1800
600
1200
1801

Question No : 2
A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

1%
2%
3%
4%

Question No : 3
The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is

25
18
15
16

Question No : 4
A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.

28%
10%
20%
25%

Question No : 5
A farmer bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

5
6
7
2

Question No : 6
A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

1200
1260
1280
1240

Question No : 7
Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is

$3\frac{5}{11}$$%$
$6/17$$%$
$5\frac{5}{11}%$

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