Profit & Loss MCQs

A Microwave oven is sold in Hyderabad for Rs. M. A retailer, Elahi from Hyderabad went to Madras and bought it for 25% less (when compared to the price in Hyderabad). He spends Rs. 1.000 on transport to bring it from Madras to Hyderabad. He sold it in Hyderabad for Rs. M making a profit of 10%. Find the value of M (in Rs.).

A man bought an article and sold it at a gain of 10%. If he bought the article at 20% less and sold it for Rs. 1,000 more, he would have made a profit of 40%. The cost price of the article (in Rs.) is:

In terms of percentage profit which is the best transaction ?

	C.P. (in Rs.)	Profit (in Rs.)
i.	36	17
ii.	50	24
iii.	40	19
iv.	60	29

A stockiest wants to make some profit by selling sugar. He contemplates about various methods. Which of the following would maximize his profit? I. Sell sugar at 10% profit. II. Use 900 g of weight instead of 1 kg. III. Mix 10% impurities in sugar and selling sugar at cost price. IV. Increase the price by 5% and reduced weights by 5%.

A company offers three types of successive discounts
i. 25% and 15%
ii. 30% and 10%
iii. 35% and 5%
Which offer is the best for a customer ?

A sells a car priced at Rs. 36000. He gives a discount of 8% on the 1^st Rs. 20000 and 5% on the remaining Rs. 16000 B also sells a car of the same make, period at Rs. 36000. He gives a discount of 7% on the total price. Calculate the actual price charged by A and B for the cars =

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:

A lady buys goods worth Rs. 200 from a shop. (shopkeeper is selling the goods with zero profit). The lady gives him a Rs. 1000 note. The shopkeeper gets the change from the next shop and keeps Rs. 200 for himself and returns Rs.800 to the lady. Later the shopkeeper of the next shop comes with the Rs.1000 note saying “duplicate” and takes his money back. How much LOSS did the shopkeeper face?

Previously, the manufacturing cost of a product was thrice the cost of raw material. Now the cost of raw material increases in the ratio 5 : 12 and manufacturing cost increases in the ratio of 3 : 5. The previous cost of the product was Rs. 8. What should be the present selling price so that 25% profit can be made?