Simple Profit and Loss MCQ Quiz in मल्याळम - Objective Question with Answer for Simple Profit and Loss - സൗജന്യ PDF ഡൗൺലോഡ് ചെയ്യുക
Last updated on Mar 28, 2025
Latest Simple Profit and Loss MCQ Objective Questions
Top Simple Profit and Loss MCQ Objective Questions
Simple Profit and Loss Question 1:
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 1 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 2:
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 2 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 3:
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 3 Detailed Solution
Given:
The selling price of the iPhone is = Rs.46,068
Loss = 12%
Formula used:
Loss = Cost Price-selling price
%Loss = \(\frac{\ loss}{\ cost \ Price}\) × 100
%Profit = \(\frac{\ selling \ price-\ cost \ price}{\ cost \ price}\) × 100
Calculation:
Now,
12 = \(\frac{\ cost \ price -46,068}{\ cost \ price}\) × 100
⇒ 0.12cost price = cost price - 46,068
⇒ 0.88cost price = 46,068
⇒ cost price = \(\frac{46,068}{0.88}\)
Cost Price = Rs.52350
The %profit:
⇒ 18 = \(\frac{selling \ price \;- \;52,350}{52,350}\) ×100
⇒ Selling Price - 52,350 = 9423
⇒ Selling Price = 61,773
Hence, the correct answer is Rs. 61,773.
Simple Profit and Loss Question 4:
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 4 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 5:
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 5 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 6:
If books bought at prices ranging from ₹200 to ₹260 are sold at prices ranging from ₹250 to 300, what is the greatest possible profit that might be made in selling 25 books?
Answer (Detailed Solution Below)
Simple Profit and Loss Question 6 Detailed Solution
Given:
Books bought at prices ranging from ₹200 to ₹260
Books sold at prices ranging from ₹250 to ₹300
Number of books = 25
Formula used:
Greatest possible profit per book = Highest selling price - Lowest buying price
Calculation:
Greatest possible profit per book = ₹300 - ₹200
⇒ Greatest possible profit per book = ₹100
Total profit for 25 books = 25 × ₹100
⇒ Total profit = ₹2500
∴ The correct answer is option (2).
Simple Profit and Loss Question 7:
A shopkeeper sold \(\frac{5}{8}\) of his articles at a gain of 20% and the remaining at the cost price. What is his gain percentage in the whole transaction?
Answer (Detailed Solution Below)
Simple Profit and Loss Question 7 Detailed Solution
Given:
A shopkeeper sold
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
Selling price of
Cost price of remaining
Selling price of remaining
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 = \(\frac{1}{8} \times 100\)
Overall Gain Percentage = 12.5%
The correct answer is option 4.
Simple Profit and Loss Question 8:
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 8 Detailed Solution
Given:
The cost price is 72% of the selling price.
Concept used:
Profit% = \({(Selling\ Price\ -\ Cost\ Price) \over Cost\ Price} \times 100\%\)
Calculation:
Let the selling price be 100x.
Cost price = 100x × 72% = 72x
Now, profit% = \(\frac {100x- 72x}{72x} \times 100\%\) ≈ 38.89%
∴ The profit percentage is 38.89%.
Simple Profit and Loss Question 9:
A table was bought for Rs. 3,000 and sold for Rs. 3,200. Find the gain or loss in terms of money.
Answer (Detailed Solution Below)
Simple Profit and Loss Question 9 Detailed Solution
Given:
Cost price (C.P) = Rs.3000
Selling price (S.P) = Rs.3200
Formula used:
Profit (P) = S.P - C.P
Calculation:
Profit (P) = S.P - C.P
⇒ (3200 - 3000) = Rs.200
∴ The correct answer is Rs.200.
Simple Profit and Loss Question 10:
Ram sold a plot for Rs. 4,00,000 at a 20% loss. For what price should he sell the plot to gain a 5% profit?
Answer (Detailed Solution Below)
Simple Profit and Loss Question 10 Detailed Solution
Given:
SP = Rs. 4,00,000
Loss% = 20%
New Profit = 5%
Calculation:
Let CP be 100x
Now, SP after 20% loss = Rs. 100x × (100 – 20)%
⇒ Rs. 80x
And, SP after 5% profit = Rs. 100x × (100 + 5)%
⇒ Rs. 105x
According to the question, ⇒
80x = Rs. 4,00,000
⇒ 105x = Rs. (4,00,000/80) × 105
⇒ Rs. 5,25,000
∴ The required selling price is Rs. 5,25,000.