Profit, Loss and Discount CUET General Test MCQs

Question: If the loss on an article is 5% and its cost price is Rs 90, find the selling price.
a) Rs 95.50
b) Rs 85.50
c) Rs 85
d) Rs 95

Answer: b

Question: A businessman marks his goods at such price that after allowing a discount of 15%, he makes a profit of 20%. The marked price (in Rs) of an article having cost price Rs 170 is
a) 236
b) 220
c) 240
d) 204

Answer: c

Question: The list price of a watch is Rs 160. After two successive discounts, it is sold for Rs 122.40. If the first discount is 10%, what is the rate of the second discount?
a) 13%
b) 18%
c) 16%
d) 15%

Answer: d

Question: A dealer sold 3/4 of his articles at a gain of 24% and the remaining at the cost price. Percentage of gain in the whole transaction is
a) 15
b) 18
c) 24
d) 32

Answer: b

Question: Rekha purchased a scooter for Rs 20000 and sold it for Rs 22000. The percentage of profit is
a) 15
b) 12
c) 10
d) 20

Answer: c

Question: An article listed at Rs 26580 is sold at a discount of 10%. Due to festival season the shopkeeper allows a further discount of 5%. Find the selling price of the article.
a) Rs 22750.00
b) Rs 22825.00
c) Rs 22725.90
d) Rs 23922.00

Answer: c

Question: The cost price of 50 cups is equal to the sale price of 40 cups. The percentage of profit in the transaction is
a) 25
b) 30
c) 15
d) 20

Answer: a

Question: The difference between a discount of 35% and two successive discounts of 20% on a certain bill was Rs 22. The amount of the bill was
a) Rs 200
b) Rs 220
c) Rs 1100
d) Rs 2200

Answer: d

Question: A shopkeeper purchases 10 pieces of certain items for Rs 8.00 and sells them at 8 pieces for Rs 10.00. The profit percentage of the shopkeeper is
a) 56.50
b) 56.25
c) 25.50
d) 26.25

Answer: b

Question: A grocer buys 10 dozens of eggs at Rs 18 per dozen from the wholesale market. Out of these, 10 eggs were found broken and had to be thrown away. At what price per egg should he sell them so as to make a profit of 10%, if he spent Rs 24 on transportation?
a) Rs 2.00
b) Rs 2.25
c) Rs 2.04
d) Rs 2.50

Answer: c

Question: The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price. In this kind of sale, the seller
a) losses 1.5%
b) bears no loss, makes no gain
c) gains 1%
d) losses 1%

Answer: d

Question: The cost price of an article is 40% of the selling price. The per cent that the selling price is of cost price is
a) 250%
b) 240%
c) 60%
d) 40%

Answer: a

Question: If an article is sold at a gain of 6% instead of at a loss of 6%, then the seller gets Rs 6 more. The cost price of the article is
a) Rs 106
b) Rs 50
c) Rs 94
d) Rs 100

Answer: b

Question: A defective TV costing Rs 5000 is being sold at a loss of 50%. If the price is further reduced by 50%, then its selling price is
a) Rs 1225
b) Rs 1250
c) Rs 1025
d) Rs 1200

Answer: b

Question: The selling price of 20 articles is equal to the cost price of 22 articles. The gain percentage is
a) 12%
b) 9%
c) 10%
d) 11%

Answer: c

Question: If the discount sales reduce from 3 1/2% to 3 1/3%, what difference does it make to purchases for Rs 12102?
a) Rs 20.17
b) Rs 16.35
c) Rs 15.35
d) Rs 17.35

Answer: a

Question: A man gains 10% by selling an article for a certain price. If he sells it at double the price, then the profit made is
a) 120%
b) 20%
c) 40%
d) 100%

Answer: a

Question: A dishonest dealer marks his goods 20% above the cost price. He also makes a profit by using a false weight of 900 g in place of 1 kg while buying or selling. Find the percentage profit earned by the shopkeeper.
a) 20
b) 12
c) 42
d) 46.6

Answer: d

Question: The cost price of a book is Rs 300. The shopkeeper wants to gain 20% after allowing a discount of 10% on the marked price. Then, the marked price of the book must be
a) Rs 360
b) Rs 336
c) Rs 400
d) Rs 396

Answer: c

Question: The printed price of a book is Rs 60, but the seller allows successive discounts of 20% and 30%. The net sale price is subject to a sales tax of 5%. The net sale price is
a) Rs 36.28
b) Rs 33.60
c) Rs 36.60
d) Rs 35.28

Answer: d

Question: The marked price of a watch is Rs 1600. The shopkeeper gives successive discounts of 10% and x% to the customer. If the customer pays Rs 1224 for the watch, the value of x is
a) 5
b) 10
c) 15
d) 20

Answer: c

Question: Hundred apples were bought for Rs 300. Out of these four were rotten and the rest were sold at Rs 50 per dozen. Then, the net profit is
a) Rs 150
b) Rs 100
c) Rs 50
d) Rs 125

Answer: b

Question: If the cost price is 95% of the selling price, what is the profit per cent?
a) 4
b) 4.75
c) 5
d) 5.26

Answer: d

Question: If I purchased 11 books for Rs 100 and sold 10 books for Rs 110, the percentage of profit per book sold is
a) 10
b) 11.5
c) 17.3
d) 21

Answer: d

Question: A bookseller sells a book on 10% profit. If he purchase this book on 4% loss and sells Rs 6 more, then he earns 18 3/4% profit. Find the cost price of the book.
a) Rs 130
b) Rs 140
c) Rs 150
d) Rs 160

Answer: c

Question: The cost price of a refrigerator is Rs 28000. The shopkeeper offers a discount of 20% on it and loses 10%. The marked price of the refrigerator is
a) Rs 28000
b) Rs 31500
c) Rs 25200
d) Rs 27000

Answer: b

Question: Ravi purchased two toffees in one rupee of some quantity and sells it five toffees in one rupee. Find the loss per cent.
a) 120
b) 90
c) 30
d) 60

Answer: d

Question: The percentage profit earned by selling an article for Rs 1920 is equal in the percentage loss incurred by selling the same article for Rs 1280. At what price should the article he sold to make 25% profit?
a) Rs 2000
b) Rs 2200
c) Rs 24000
d) Data inadequate

Answer: a

Question: A shopkeeper has certain number of eggs of which 5% are found to be broken. He sells 93% of the remainder and still has 266 eggs left. How many eggs did he originally have?
a) 3800
b) 4000
c) 4200
d) None of these

Answer: b

Question: If 5 lemons are bought for Rs 16, then the selling price of a lemon at 25% profit will be
a) Rs 5
b) Rs 4
c) Rs 6
d) Rs 8

Answer: b

Question: A vendor bought toffees at 6 for a rupee. How many for a rupee must be sell to gain 20%?
a) 3
b) 4
c) 5
d) 6

Answer: c

Question: It cost Rs 1 to photocopy a sheet of paper. However, 2% discount is allowed on all photocopies done after first 1000 sheets. How much will it cost to photocopy 5000 sheets of paper?
a) Rs 3920
b) Rs 3980
c) Rs 4900
d) Rs 4920

Answer: d

Question: When the selling price of an article is Rs 280, the loss percentage is 20%. What is the loss or gain percentage, if the selling price is increased to Rs 380?
a) 8 4/7%, profit
b) 4 5/7% , loss
c) 50/3%, profit
d) 4 9/11% , profit

Answer: a

Question: A man buys 25 chairs for Rs 375 and sells them at a prof it equal to the selling price of 5 chairs. What is the selling price of one chair?
a) Rs 18.75
b) Rs 14.50
c) Rs 15.20
d) Rs 17.20

Answer: a

Question: If a man reduces the selling price of a fan from Rs 400 to Rs 380, his loss increases from x% to (x + 4)%. What is the cost price of the fan?
a) Rs 420
b) Rs 550
c) Rs 500
d) Rs 400

Answer: c

Question: If the cost price of 36 books is equal to the selling price of 30 books, then the gain percentage is
a) 20%
b) 16 4/6%
c) 16%
d) 8 2/6%

Answer: a

Question: A man buys 6 dozen eggs for Rs 10.80 and 12 eggs are found rotten and the rest are sold at 5 eggs per rupee. Find his gain or loss percentage.
a) 11 1/9% , gain
b) 11 1/9%, loss
c) 9 1/11% , gain
d) 9 1/11 %, loss

Answer: a

Question: A cloth merchant sold half of his cloth at 40% profit, half of remaining at 40% loss and the rest was sold at the cost price. In the total transaction, his gain or loss will be
a) 20% gain
b) 25% loss
c) 10% gain
d) 15% loss

Answer: c

Question: 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 per cent is
a) 4 4/7
b) 5 5/11
c) 10
d) 12

Answer: b

Question: Sunanda is making a profit of 25% on his selling price, what is her actual profit percentage?
a) 100/3
b) 20
c) 25
d) 30

Answer: a

Question: Find the rate of discount when marked price is Rs 250 and selling price is Rs 235.
a) 6.0%
b) 7.0%
c) 6.5%
d) 5.0%

Answer: a

Question: If a commission of 10% given on the marked price of an article, the gain is 25%. Find the gain per cent, if commission is increased to 20%.
a) 11 1/9
b) 12
c) 100/3
d) 50/3

Answer: a

Question: Mukul bought 80 kg of rice for Rs 1200 and sold it at a loss of as much money as he received for 20 kg rice. At what price per kg did he sell the rice?
a) Rs 12 per kg
b) Rs 10 per kg
c) Rs 8 per kg
d) Rs 11 per kg

Answer: a

Question: A furniture shop allows 20% discount on the marked price of each item what price must be marked on a table costing Rs 560, so as to make a profit of 25%?
a) Rs 800
b) Rs 825
c) Rs 700
d) Rs 875

Answer: d

Question: A shopkeeper allows a discount of 12.5% on the marked price of a certain article and makes a profit of 20%. If the article costs the shopkeeper Rs 210, what price must be marked on the article ?
a) Rs 280
b) Rs 288
c) Rs 300
d) None of these

Answer: b