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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.

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Question No : 8
If the cost price is 25% of selling price. Then what is the profit percent.

150%
200%
300%
400%

Question No : 9
The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x

16
17
18
19

Question No : 10
Souvik purchased 70kg vegetable at Rs. 420, then sold them at the rate of Rs. 6.50 per kg, find the profit percent.

513%
613%
713%
813%

Question No : 11
A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

70.20
72
75
80

Question No : 12
100 oranges are bought at the rate of Rs. 350 and sold at the rate of 48 per dozen. The percentage of profit is

1127%
1327%
1427%
1627%

Question No : 13
A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item.

860
960
660
460

Question No : 14
Sushil purchased a machine at Rs 10000, then got it repaired at Rs 5000, then gave its transportation charges Rs 1000. Then he sold it with 50% of profit. At what price he actually sold it.

24000
25500
26000
28000