Profit and loss MCQs with quick calculation techniques Assignment 1.1

Que 1: When an article is sold for Rs.703, there is a loss of 25% less than the profit earned when it is sold for Rs.836. What is the selling price of the article when it makes a profit of 20%?

Que 2: What is the profit earned on an article with a cost price of 2128 rs, given that the ratio of its marked price and the selling price is 12:7, and the ratio of the discount given and the profit earned is 7:6?

Que 3: What is the profit percentage made by the retailer who sells a commodity at the cost price, given that he receives 22% more from the wholesaler than he paid for and then gives 20% less while selling to his customer?

Que 4: What is the retail price per mango that would yield a 60% profit, if the cost of purchasing 5 dozen mangoes at a certain price resulted in a gain of 3/10th of the total outlay when sold at Rs 156 per 5 dozen?

Que 5: What percentage increase in the cost price is required to set the selling price such that a profit of 20% is earned, taking into account a commission of 10% on the selling price?

Que 6: The cost of a bedsheet bought by a man was 450 rs, and he sold it at a profit of 10%, calculated based on the selling price. What was the selling price of the bedsheet?

Que 7: Nisha purchased a certain quantity of oranges at the rate of 2 for 1 rupee and an equal amount at the rate of 3 for 1 rupee. To earn a profit of 20%, what should be the selling price of one dozen oranges?

Que 8: Pooja intends to sell a watch at a 20% profit. She purchased it at a discount of 10% and sold it for 30 less than its actual selling price, yet she still earned a profit of 20%. What was the cost price of the watch?

Que 9: A fruit merchant earns a profit of 25% by selling mangoes at a particular price. If he increases the price of each mango by Re. 1, he would earn a profit of 50%. What was the initial price of one mango?

Que 10: If bananas are purchased at the rate of 4 for 1 rupee, how many bananas must be sold for 1 rupee to earn a profit of 33.33%?

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