Profit and Loss MCQs Math MCQs - Maths Practice | PakExamPoint

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Profit and Loss MCQs Math MCQs and revision practice

Study Profit and Loss MCQs Math through multiple-choice questions in Maths. This subtopic contains 156 practice questions. Read the wording carefully, compare the options and attempt an answer before checking the solution in learning mode.

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Profit and Loss MCQs Math: questions and answer review

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61. If the cost of sugar increased by 25%. how much percent consumption of sugar should be decreased in order to keep expenditure fixed?

اگر چینی کی قیمت میں 25 فیصد اضافہ ہوا۔ اخراجات کو درست رکھنے کے لیے چینی کی کھپت میں کتنی فیصد کمی کی جائے؟

Check answer and explanation

Answer: 20%

Explanation ND11-4-2023

62. Aslam bought a bicycle for Rs. 10,000 and sold it for Rs. 11,000. What is his profit percentage?

Check answer and explanation

Answer: 10%

Explanation Profit = Selling Price − Cost Price = 11,000 − 10,000 = 1,000 Profit % = (Profit / Cost Price) × 100 = (1,000 / 10,000) × 100 = 10%

63. Two chairs and one table cost Rs.400, while one table and one chair cost Rs 300. What is the price of the table?

Check answer and explanation

Answer: Rs.200

Explanation Given : Two chairs and one table cost Rs.400, while one table and one chair cost Rs.300. To Find : The price of the table. Solution : Let us assume that, the price of one table is "x" and the price of one chair is "y" respectively. As it is given that, two chairs and one table cost Rs.400. → x + 2y = 400 .......(1) As it is also given that, one table and one chair cost Rs.300. → x + y = 300 ........(2) Our equation are, x + 2y = 400 .......(1) x + y = 300 ........(2) Subtract equation (2) from equation (1), → (x + 2y) - (x + y) = 400 - 300 → x + 2y - x - y = 400 - 300 → x - x + 2y - y = 400 - 300 → 2y - y = 400 - 300 → y = 400 - 300 → y = 100 Now, substitute the value of y in equation (2), → x + y = 300 → x + 100 = 300 → x = 300 - 100 → x = 200 Hence, the price of the table is Rs.200.

64. The cost price of a pair of socks is Rs.120 and has a profit margin of 42%. What is the selling price?

Check answer and explanation

Answer: Rs. 170.4

Explanation - Cost price (CP) = Rs.120 - Profit margin = 42% of CP Profit = 42% of 120 = (42/100) × 120 = Rs.50.4 Selling price (SP) = CP + Profit = 120 + 50.4 = Rs.170.4

65. A man bought some toys at Rs. 60 and sold them at Rs.50. Find his loss percent?

Check answer and explanation

Answer: 16.6%.

Explanation As S.P

66. On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

Check answer and explanation

Answer: 60

Explanation

67. A business brought a product for Rs.5000 and sold it for Rs. 7500. What is the percentage profit?

ایک کاروبار 5000 روپے میں ایک پروڈکٹ لایا اور اسے روپے میں فروخت کیا۔ 7500۔ فیصد منافع کیا ہے؟

Check answer and explanation

Answer: 50%

Explanation Profit= Selling price - cost price = 7500 - 5000= 2500 Profit% = (Profit/Cost price) x 100 = (2500/5000) x 100 = 50%

68. The marked price of an electric iron is Rs.690. The shopkeeper allows a discount of 10% and gains 8%. If no discount is allowed, his gain percent would be

Check answer and explanation

Answer: 20%

Explanation M.P. of an electric Iron = Rs. 690 After Discount, S.P. = 90% of 690 = Rs. 621 Gain = 8% C.P of an electric Iron = 621×100100+8 = 621×100108= Rs.575 No Discount, gain of Iron = 690 - 575 = Rs. 115 gain % = 115575×100= 20

69. A 2 m-wide pathway is to be constructed all around on the inside of a rectangular plot whose area is 96 m². If the rate of construction is Rs. 50 per m², what is the total cost?

Check answer and explanation

Answer: Rs. 3 600

Explanation Outer dimensions: 16 m by 6 m → area = 96 m² Inner rectangle ( after 2 m margin on each side): Length = 16 − 2 − 2 = 12 m Breadth = 6 − 2 − 2 = 2 m Inner area = 12 × 2 = 24 m² Area of pathway: 96 − 24 = 72 m² Cost: 72 m² × Rs. 50/ m² = Rs. 3 600

70. The total cost of 10 of meat at Rs 1.69 a lb and 20 lemons at Rs 60 per dozen will be ?

Check answer and explanation

Answer: None of these

Explanation Given: 10 lb of meat at Rs 1.69 per lb 20 lemons at Rs 60 per dozen Step 1: Cost of meat 10 text{ lb} times 1.69 = 16.90 10 lb × 1.69 = 16.90 Step 2: Cost of lemons 1 dozen = 12 lemons So, price per lemon = frac{60}{12} = 5 60 ​/12 = 5 Rs per lemon 20 lemons = 20 × 5 = 100 Rs Step 3: Total cost 16.90 + 100 = 116.90 16.90 + 100 = 116.90 Correct answer: (D) None of these

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