Selected MCQ

Current Question
A sells a house worth Rs. 10000 at 10% profit. Then buys it back at 10% loss. What is his net gain?
  • A. No profit
  • B. Rs. 1000
  • C. Rs. 1100
  • D. Rs. 2000
Correct Answer: C
Explanation:
Net gain after two transactions is Rs. 1100.
Related Question 1
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 2
A shopkeeper sells goods worth Rs. 25000 at 20% profit and the rest at 10% loss. Find the total cost price.
  • A. Rs. 25000
  • B. Rs. 20000
  • C. Rs. 15000
  • D. Rs. 22000
Correct Answer: B
Explanation:
Net adjustment gives a total CP of Rs. 20000.
Related Question 3
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 4
A man buys an article for Rs. 500 and sells it at a loss of 10%. Selling price is ____.
  • A. Rs. 450
  • B. Rs. 400
  • C. Rs. 480
  • D. Rs. 420
Correct Answer: A
Explanation:
SP = 90% of 500 = 450.
Related Question 5
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.