Selected MCQ

Current Question
A horse and a cow are each sold for Rs. 12000. The horse incurs 20% loss, and the cow gains 20%. What is the overall result?
  • A. No profit, no loss
  • B. Loss of Rs. 1000
  • C. Gain of Rs. 1000
  • D. Gain of Rs. 2000
Correct Answer: B
Explanation:
Unequal base cost results in a net loss of Rs. 1000.
Related Question 1
Goods purchased for Rs. 840. One-fourth sold at 20% loss. What gain percent is needed on rest to gain 20% overall?
  • A. 30%
  • B. 33%
  • C. 33⅓%
  • D. 35%
Correct Answer: C
Explanation:
Required gain = 33⅓%.
Related Question 2
A man sells a horse for Rs. 800 at a loss. If he sold it for Rs. 980, the gain would be double the loss. Find the cost price.
  • A. Rs. 900
  • B. Rs. 875
  • C. Rs. 850
  • D. Rs. 860
Correct Answer: D
Explanation:
Equation gives CP = Rs. 860.
Related Question 3
Selling 12 oranges for Rs. 1 results in 20% loss. How many should be sold for Rs. 1 to gain?
  • A. 5
  • B. 8
  • C. 10
  • D. 15
Correct Answer: B
Explanation:
Adjust quantity for profit.
Related Question 4
A shopkeeper incurs 15% loss. If the selling price is Rs. 102, what is the gain price for a 20% profit?
  • A. Rs. 150
  • B. Rs. 144
  • C. Rs. 138
  • D. Rs. 132
Correct Answer: B
Explanation:
First, find the cost price, then add 20%.
Related Question 5
If two goats are sold at same price, one at 10% gain and one at 10% loss, net result is ____.
  • A. No profit
  • B. 1% profit
  • C. 1% loss
  • D. 2% loss
Correct Answer: C
Explanation:
Equal gain/loss results in 1% loss.