Quantitative Reasoning Profit Loss Mcqs Test Online

1. If 7% of the sale price of an article is equivalent to 8% of its cost price and 9% of its sale price exceeds 10% of its cost price by Re.1,then what is the cost price of the article?

2. A shopkeeper purchased 150 identical pieces of calculators at the rate of  ζ 250 each.He spent an amount of  ζ 2500 on transport and packing.He fixed the labelled price of each calculator at  ζ 320.However ,he decided to give a discount of 5% on the labelled price.What is the percentage profit earned by him?

3. A man sold two steel chairs for  ζ 500 each.On one, he gains 20% and on other,he loses 12% .How much does he gain or lose in the whole transaction?

4. What per cent selling price would be 34% of cost price if gross profit is 26% of the selling price?

5. A dealer buys dry fruit at the rate of ζ 100,ζ 80 and ζ 60 per kg.He bought them in the ratio 12:15:20 by weight.He in total gets 20% profit by selling the first two and at last he finds he has no gain no loss in selling the whole quantity which had.What was the percentage loss he suffered for the third quantity?

6. A trader marks his goods at such a price that he can deduct 15% for cash and yet make 20% profit.Find the market price of an item which cost him ζ 90.

7. Ravi sells an article at a gain of 12 1/2%.If had sold it ζ 22.50 more.he would have gained 25%.The cost price of the article is?

8. If the selling price of a product is increased by  ζ 162,then the business would make a profit of 17% instead of a loss of 19% .What is the cost price of the product?

9. The retail price of a water geyser is  ζ 1265.If the manufacturer gains 10%,the wholesale dealer gains 15% and the retailer gains 25%,then the cost of the product is?

10. If cost of 12 pencils is equal to the selling price of 10 pencils,then profit percent in the transaction is?

11. A person has deposited ζ 13,200 in a bank which pays 14 interest.He withdraws the money and invests in ζ 100 stock at ζ 110 which pays a dividend of 15%.How much does he gain or lose?

12. The sale price of an article including the Sales Tax is ζ 616.The rate of Sales Tax is 10%.If the shopkeeper has made a profit of 12%.then the cost price of the article is?

13. Vishal goes to a shop to buy a radio costing ζ2568.The rate of sales tax is 7%.He tells the shopkeeper to reduce the price of the radio to such an extent that he has to pay ζ 2568,inclusive of sales tax.Find the reduction needed in the price of the radio.

14. A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%.The wholesaler sells the same to a retailer at a profit of 20%,The retailer in turn sells them to a customer for  ζ 30. 09,thereby making a profit of 25%.The cost price of the manufacturer is?

15. By selling 33 meters of cloth, a shopkeeper gains the price of 11 meters of cloth.His gain percent is?