Practise Profit and Loss MCQs Math MCQs in Maths. Attempt multiple-choice questions, check answers and revise related subtopics.
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Answer: Rs.15000
Explanation Discount = 25% of 60,000 = 0.25 × 60,000 = 15,000
Answer: Rs 1352
Explanation We use the formula for equal annual installments under compound interest : Let the installment be Rs. x Principal ( P) = ₹ 2550 Rate ( R) = 4% = 0.04 Time ( T) = 2 years Installments are paid at the end of each year. Using the formula for compound installment repayment: P = x ( 1 + r ) 1 + x ( 1 + r ) 2 P = frac{x}{(1 + r)^1} + frac{x}{(1 + r)^2} Substitute values: 2550 = x 1.04 + x ( 1.04 ) 2 2550 = frac{x}{1.04} + frac{x}{(1.04)^2} 2550 = x 1.04 + x 1.0816 2550 = frac{x}{1.04} + frac{x}{1.0816} Take LCM or solve directly: 2550 = x ( 1 1.04 + 1 1.0816 ) 2550 = x left(frac{1}{1.04} + frac{1}{1.0816} right) 2550 = x ( 0.9615 + 0.9246 ) = x ( 1.8861 ) 2550 = x (0.9615 + 0.9246) = x (1.8861) x = 2550 1.8861 ≈ 1352 x = frac{2550}{1.8861} ≈ 1352
Answer: 28.30
Explanation Given the cost price (CP) of the suit is Rs. 182.30 and the selling price (SP) is Rs. 210.60: Step 1: Calculate the profit. Profit = SP - CP = 210.60 - 182.30 = 28.30
Answer: 2600
Explanation Let the cost price of the dog be Rs. X ∴ the cost price of the cat = Rs. (6500 – X) The man sold the dog at a gain of 20% ∴ Gain in selling the dog = 20% of X = 0.2X Also, the man sold the cat at a loss of 10% ∴ loss in selling the cat = 10% of (6500 – X) = 0.1 × (6500 – X) = 650 – 0.1X He gained 2% in the overall. ∴ Gain in overall transaction = 2% of 6500 = 130 ∴ 130 = 0.2X – (650 – 0.1X) 0.3X = 130 + 650 = 780 X = 780/0.3 = 2600
Answer: 20
Explanation To calculate the loss, we subtract the selling price from the buying price: Loss = Buying Price - Selling Price Loss = Rs. 60 - Rs. 40 Loss = Rs. 20
Answer: 80 cm
Explanation Let the percentage deduction in weight be y% y−4100−y×100=20⇒y−4100−y=15⇒5y−20=100−y⇒6y=120⇒y=20 Hence, for a meter, length used = (100 - 20)% of 1 m = 80% of 100 cm = 80 cm
Answer: 30 rupees
Explanation - Price of 1 dozen eggs = 12 rupees - Price of 1 egg = 12 / 12 = 1 rupee - Number of eggs in 2.5 dozen = 2.5 × 12 = 30 eggs - Price of 30 eggs = 30 × 1 = 30 rupees
Answer: 33.3%
Explanation profit/cost price*100 10/30*100= 33.33.....%
Answer: 27435
Explanation Total income = Mujahid's income + Wife's income = 56,835 + 35,600 = 92,435 Expenditure = Rs 65,000 Savings = Income − Expenditure = 92,435 − 65,000 = 27,435
Answer: 1.79%
Explanation Profit = 85,503 − 84,000 = 1,503 Profit % = (1,503 ÷ 84,000) × 100 ≈ 1.79% The girl made 1.79% profit on the jewellery set.
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