# Profit and Loss MCQ - Multiple Choice Question and Answer

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

Question No : 22
If the cost price of 12 items is equal to the selling price of 16 items, the loss percent is

22%
23%
24%
25%

Question No : 23
A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was

100
200
300
400

Question No : 24
A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%

11.81
12.81
13.81
14.81

Question No : 25
If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265

700
800
860
950

Question No : 26
A material is purchased for Rs. 600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage

$2\frac{1}{2}$
$3\frac{1}{2}$
$1\frac{1}{2}$
$4\frac{1}{2}$

Question No : 27
A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is

10%
11%
12%
13%

Question No : 28
A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

2%
4%
5%
7%