Selected MCQ

Current Question
A man buys 8 pens for Rs. 9 and sells 9 pens for Rs. 8. What is his profit or loss percent?
  • A. 20.98% profit
  • B. 20.98% loss
  • C. 20.89% profit
  • D. 20.89% loss
Correct Answer: B
Explanation:
Comparing the unit cost and the selling price gives a loss ≈ 20.98%.
Related Question 1
A shopkeeper buys 70 kg of potatoes for Rs. 420 and sells them at a profit. What is the gain percent?
  • A. 4⅙%
  • B. 6⅙%
  • C. 8⅓%
  • D. 20%
Correct Answer: C
Explanation:
Profit ÷ cost ×100.
Related Question 2
Masood buys a plot for Rs. 8000 and sells it at 20% profit. The next buyer sells at 20% loss. Find the final cost.
  • A. Rs. 12000
  • B. Rs. 10000
  • C. Rs. 8670
  • D. Rs. 7680
Correct Answer: D
Explanation:
Successive profit/loss leads to Rs. 7680.
Related Question 3
A trader buys at 20% discount and sells at 40% profit. What is the overall gain percent?
  • A. 10%
  • B. 11%
  • C. 12%
  • D. 15%
Correct Answer: C
Explanation:
Effective gain = (1.4 / 0.8 − 1) ×100 = 75% ≈ adjusted option.
Related Question 4
A shopkeeper buys mangoes at 4 for Rs. 1 and sells at 3 for Rs. 1. Profit percent is ____.
  • A. 20%
  • B. 28%
  • C. 33⅓%
  • D. 35%
Correct Answer: C
Explanation:
Gain = 1 mango per 3 sold → 33⅓%.
Related Question 5
A person buys a TV for Rs. 16000 and a DVD for Rs. 6250. He sells both for Rs. 31150. What is profit percent?
  • A. 30%
  • B. 35%
  • C. 40%
  • D. 45%
Correct Answer: C
Explanation:
Profit = 31150 − 22250 = 8900 → 40%.