Profit and Loss SSC MTS Questions

Profit and Loss

Profit and Loss MCQ Questions

1.

The cost price of an item is ₹4,350. What is the profit percentage (rounded off to 1 decimal place) if it is sold at ₹5,680?
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A.

28.5%

B.

40.7%

C.

36.8%

D.

30.6%

ANSWER :

D. 30.6%

2.

Raju sold an article to Ravi at 10% gain. Ravi sold the article to Ramu at a loss of 10%. If Ramu paid ₹1,485 to Ravi, find the selling price of Raju to Ravi.
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A.

₹1,200

B.

₹1,500

C.

₹1,650

D.

₹1,600

ANSWER :

C. ₹1,650

3.

The price of a fan is first decreased by 28% and then increased by 35%. If the resulting price is ₹1,215, find the original price of the fan.
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A.

₹1,250

B.

₹1,520

C.

₹2,150

D.

₹1,052

ANSWER :

A. ₹1,250

4.

Shobha purchased a small plot in a residential area for ₹6,00,000 and sold it to Lakshita at a profit of 20%. Lakshita, in turn, sold it to Dinesh at a loss of 10%. How much did Dinesh pay for the plot?
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A.

₹6,40,000

B.

₹6,48,000

C.

₹6,08,000

D.

₹6,00,000

ANSWER :

B. ₹6,48,000

5.

Samridhi sold a gold ring at a loss of 26%. If the cost price of the gold ring is ₹38,500, what is the selling price of the gold ring?
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A.

₹28,490

B.

₹30,500

C.

₹29,590

D.

₹38,600

ANSWER :

A. ₹28,490

6.

By selling a TV set for ₹16,800, a salesman gains a profit of 20%. If the production cost is increased by 20%, find the new selling price of the set so as to gain 20%
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A.

₹18,160

B.

₹18,480

C.

₹20,160

D.

₹20,480

ANSWER :

C. ₹20,160