Selected MCQ

Current Question
A shopkeeper buys two items for Rs. 1000 each and sells both at the same price. He gains 10% on one and loses 10% on the other. Result is ____.
  • A. Neither profit nor loss
  • B. 1%
  • C. 2%
  • D. 3%
Correct Answer: A
Explanation:
Equal gain/loss cancels out.
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
A trader buys two TVs for Rs. 35000 and sells one at Rs. 21000. Find the selling price of the second for no loss.
  • A. Rs. 21000
  • B. Rs. 17500
  • C. Rs. 19000
  • D. Rs. 24500
Correct Answer: A
Explanation:
Total SP must equal total CP.
Related Question 3
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 4
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%.
Related Question 5
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.