Simple Profit and Loss MCQ Quiz in मल्याळम - Objective Question with Answer for Simple Profit and Loss - സൗജന്യ PDF ഡൗൺലോഡ് ചെയ്യുക
Last updated on Apr 22, 2025
Latest Simple Profit and Loss MCQ Objective Questions
Top Simple Profit and Loss MCQ Objective Questions
Simple Profit and Loss Question 1:
A person having bought goods for Rs. 400 sells half of it at a gain of 5%. At what gain percentage must he sell the remainder, so as to gain 25% on the whole?
Answer (Detailed Solution Below)
Simple Profit and Loss Question 1 Detailed Solution
Given:
A person having bought goods for Rs. 400 sells half of it at a gain of 5%
He has to gain 25% on the whole
Formula used:
Percentage =
Calculations:
As he sell half of it at a gain of 5%
Rs. 200 at a profit of 5%
⇒ SP = 200 + 5% of 200 = 200 + 10 = Rs. 210
Now he has to gain 25% on the whole
⇒ Gain = 400 + 25% of 400 = 400 + 100 = Rs. 500
⇒ Profit he has to earned more = 500 - 210 = Rs. 290
⇒ Profit = 290 - 200 = 90
According to the formula,
⇒ Percentage =
⇒ Hence, He has to sell the remaining part at 45%
Shortcut Trick
1st Half of 400 = 200, sells at 5% profit, CP = 200 SP = 210
Final profit on 400, 25% so CP = 400 and SP = 500
So, the 2nd half CP = 200 and SP = (500 - 210) = 290
Profit% = 90/200 × 100 = 45%
Simple Profit and Loss Question 2:
A shopkeeper purchases six small cold drink bottles for ₹100. For how much should he sell one such bottle to get a profit of 20%?
Answer (Detailed Solution Below)
Simple Profit and Loss Question 2 Detailed Solution
Given:
A shopkeeper purchases six small cold drink bottles for ₹100.
Calculation:
The selling price of the cold drinks is 100 × 120/100 = Rs 120
The selling price of each bottles is 120 /6 = Rs 20
∴ The correct option is 2
Simple Profit and Loss Question 3:
A notebook was sold for Rs. 28 with a profit of 12%. If it had been sold for Rs. 26.25, then what would have been the profit percentage?
Answer (Detailed Solution Below)
Simple Profit and Loss Question 3 Detailed Solution
Given:
Selling price of notebook = Rs 28
Profit Percentage = 12%
New selling price of notebook = 26.25
Concept Used:
Cost Price = (100/100 + profit%) × Selling price
Profit % = (Profit/C.P) × 100
Calculation:
Cost Price of pen = (100/100 + 12%) × 28
Cost Price of pen = ( 25/28)× 28
= 25 Rs
When the pen is sold at Rs 26.25,
⇒ Profit = Selling Price – Cost Price
⇒ Profit = 26.25 – 25 = Rs 1.25
⇒ So, Profit % =(1.25/25) × 100
⇒ 5%
The profit percentage will be 5%.
Simple Profit and Loss Question 4:
Sofia sold an iPhone at the cost of Rs.46,068 at a loss of 12%. At what cost will she have to sell it to get a profit of 18%?
Answer (Detailed Solution Below)
Simple Profit and Loss Question 4 Detailed Solution
Given:
The selling price of the iPhone is = Rs.46,068
Loss = 12%
Formula used:
Loss = Cost Price-selling price
%Loss =
%Profit =
Calculation:
Now,
12 =
⇒ 0.12cost price = cost price - 46,068
⇒ 0.88cost price = 46,068
⇒ cost price =
Cost Price = Rs.52350
The %profit:
⇒ 18 =
⇒ Selling Price - 52,350 = 9423
⇒ Selling Price = 61,773
Hence, the correct answer is Rs. 61,773.
Simple Profit and Loss Question 5:
A shopkeeper sold
Answer (Detailed Solution Below)
Simple Profit and Loss Question 5 Detailed Solution
Given:
A shopkeeper sold 58" id="MathJax-Element-69-Frame" role="presentation" style="position: relative;" tabindex="0">
Formula Used:
Overall Gain Percentage = (Total Gain / Total Cost Price) × 100
Calculation:
Let the total cost price of the articles be 8 units.
Cost price of 58" id="MathJax-Element-70-Frame" role="presentation" style="position: relative;" tabindex="0">
Selling price of 58" id="MathJax-Element-71-Frame" role="presentation" style="position: relative;" tabindex="0">
Cost price of remaining 38" id="MathJax-Element-72-Frame" role="presentation" style="position: relative;" tabindex="0">
Selling price of remaining 38" id="MathJax-Element-73-Frame" role="presentation" style="position: relative;" tabindex="0">
Total Selling Price = 6 + 3 = 9 units
Total Cost Price = 8 units
Total Gain = Total Selling Price - Total Cost Price
Total Gain = 9 - 8 = 1 unit
Overall Gain Percentage = (1 / 8) × 100
Overall Gain Percentage = 12.5%
The correct answer is option 4.
Simple Profit and Loss Question 6:
By selling a watch for Rs. 2,000, a shopkeeper loses 20%. How much would he gain or lose by selling it for Rs. 3,000?
Answer (Detailed Solution Below)
Simple Profit and Loss Question 6 Detailed Solution
Given:
By selling a watch for Rs. 2,000, a shopkeeper loses 20%
Concept used:
Profit is calculated on cost price.
Calculation:
The cost price is 2000 × 100/80 = Rs 2500
By selling it for 3000
Profit is 3000 - 2500 = Rs 500
Profit percentage is (500/2500) × 100 = 20%
∴ The correct option is 1
Simple Profit and Loss Question 7:
A horse was sold for Rs. 60,000 at a profit of 20%. For what price should he have sold to gain a 30% profit?
Answer (Detailed Solution Below)
Simple Profit and Loss Question 7 Detailed Solution
Given:
By selling a horse for Rs. 60,000 a man gains 20%.
Formula used:
SP = CP(100+Profit%)/100
Calculations:
Let the CP = 100x.
By selling the horse at 20% profit, so SP will be:
SP = 100x(100+20)/100 = 120x
According to the question:
⇒ 120x = 60000
⇒ x = 500
⇒ CP = 100x = 50000
Now to gain 30%
⇒ SP = 50000(100+30)/100 = 65000
∴ The answer is Rs. 65,000.
Shortcut Trick
We know 20% = 1/5, so CP = 5 unit & SP = 6 unit
So, CP of the horse = 60000 × 5/6 = 50000
To gain 30% profit the required SP = 50000 × 130/100 = Rs.65,000
Simple Profit and Loss Question 8:
Find the gain percentage, given that Siddhi sold her scooter for ₹31902 gaining
Answer (Detailed Solution Below)
Simple Profit and Loss Question 8 Detailed Solution
Given:
Selling price (SP) = ₹31902
Siddhi gained (1/6)th of the selling price.
Formula Used:
Gain percentage = (Gain / Cost Price) × 100
Calculation:
Gain = (1/6) × SP
Gain = (1/6) × 31902
Gain = ₹5317
Cost Price (CP) = SP - Gain
CP = 31902 - 5317
CP = ₹26585
Gain percentage = (Gain / CP) × 100
Gain percentage = (5317 / 26585) × 100
Gain percentage = 0.2 × 100
Gain percentage = 20%
The correct answer is option 1.
Simple Profit and Loss Question 9:
Ramesh purchased 130 books at the rate of ₹200 each and sold half of them at the rate of ₹300 each, one-fifth of them at the rate of ₹350 each and the rest at the cost price. Find his profit percentage.
Answer (Detailed Solution Below)
Simple Profit and Loss Question 9 Detailed Solution
Given:
Ramesh purchased 130 books at the rate of ₹200 each.
He sold half of them (65 books) at the rate of ₹300 each.
He sold one-fifth of them (26 books) at the rate of ₹350 each.
The rest of the books (39 books) were sold at the cost price of ₹200 each.
Formula Used:
Profit Percentage =
Calculation:
Cost Price (CP) of 130 books = 130 × 200
CP = 26000
Selling Price (SP) of 65 books at ₹300 each = 65 × 300
SP1 = 19500
Selling Price (SP) of 26 books at ₹350 each = 26 × 350
SP2 = 9100
Selling Price (SP) of 39 books at ₹200 each = 39 × 200
SP3 = 7800
Total Selling Price (SP) = SP1 + SP2 + SP3
SP = 19500 + 9100 + 7800
SP = 36400
Profit = SP - CP
Profit = 36400 - 26000
Profit = 10400
Profit Percentage =
Profit Percentage =
Profit Percentage = 40%
The profit percentage is 40%.
Simple Profit and Loss Question 10:
If the cost price is 72% of the selling price, then what is the percentage of profit (correct to 2 decimal places)
Answer (Detailed Solution Below)
Simple Profit and Loss Question 10 Detailed Solution
Given:
The cost price is 72% of the selling price.
Concept used:
Profit% =
Calculation:
Let the selling price be 100x.
Cost price = 100x × 72% = 72x
Now, profit% =
∴ The profit percentage is 38.89%.