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14 questions · timed · auto-graded

MCQ 11 Mark
If the cost price of $15$ pens is equal to the selling price of $20$ pens, then the loss percent is
  • $25\%$
  • B
    $20\%$
  • C
    $15\%$
  • D
    $18\%$
Answer
Correct option: A.
$25\%$

Let the cost price of one pen be $₹1.$
Then, $CP$ of $20$ pens $= Rs. 20$
and $SP$ of $20$ pens $= Rs. 15 (\because SP$ of $20$ pens $= CP$ of $15$ pens$)$
Therfore, $CP$ is more than $SP.$
So, Loss $= CP - SP$
$= Rs. 20 - Rs. 15$
$= Rs. 5$
Loss $% =\frac{\text{Loss}}{\text{CP}}\times100$
$=\frac{5}{20}\times100$
$=25\%$
Hence, the correct option is $(a).$

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MCQ 21 Mark
On selling a pen for $Rs. 100$, a shopkeeper gains $Rs. 15$. The cost price of the pen is:
  • A
    $Rs. 115$
  • $Rs. 85$
  • C
    $Rs. 70$
  • D
    $Rs. 130$
Answer
Correct option: B.
$Rs. 85$
Let the $CP$ be $x.$
$SP = Rs. 100$
Profit $= Rs. 15$
Therfore, $SP$ is more than $CP.$
Now,
$CP = SP -$ Profit
$= Rs. 100 - Rs. 15$
$= Rs. 85$
Thus, $CP = Rs. 85$
Hence, the correct option is $(b).$
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MCQ 31 Mark
On selling an article for $Rs. 144$ a man loses $10\%$. At what price should he sell it to gain $10\%?$
  • A
    $Rs. 158.40$
  • B
    $Rs. 172.80$
  • $Rs. 176$
  • D
    $Rs. 192$
Answer
Correct option: C.
$Rs. 176$
Let the $CP$ of an article be $x.$
$SP$ of the article $= Rs. 144$
Loss $= 10\%$
Therefore, $CP$ is more than $SP.$
Now, Loss $= CP - SP$ and Loss $=$ Loss percent $\times CP$
Thus, $CP - SP =$ Loss percent $\times CP$
$\Rightarrow\text{x}-144=\frac{10}{100}\times\text{x}$
$\Rightarrow\text{x}-144=\frac{1}{10}\times\text{x}$
$\Rightarrow10\text{x}-1440=\text{x}$
$\Rightarrow10\text{x}-\text{x}=1440$
$\Rightarrow9\text{x}=1440$
$\Rightarrow\text{x}=\frac{1440}{9}$
$\Rightarrow\text{x}=160$
Therefore, $CP$ of the article $= Rs. 160$
Now, in order to gain $10\%$, let the new $SP$ be $y.$
Gain $=$ Gain percent $\times CP$
$=\frac{10}{100}\times160$
$= Rs. 16$
$SP = CP +$ Gain
$= Rs. 160 + Rs. 16$
$= Rs. 176$
Hence, the correct option is $(d).$
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MCQ 41 Mark
On selling a pen for $Rs. 48$, a shopkeeper loses $20\%$. In order to gain $20\%$ what should be the selling price?
  • A
    $Rs. 52$
  • B
    $Rs. 56$
  • C
    $Rs. 68$
  • $Rs. 72$
Answer
Correct option: D.
$Rs. 72$

Let the $CP$ of a pen be $x.$
$SP$ of a pen $= Rs. 48$
Loss $= 20\%$
Therefore, $CP$ is more than $SP.$
Now, Loss $= CP - SP$ and Loss $=$ Loss percent $\times CP$
Thus, $CP - SP =$ Loss percent $\times CP$
$\Rightarrow\text{x}-48=\frac{20}{100}\times\text{x}$
$\Rightarrow100\text{x}-4800=20\text{x}$
$\Rightarrow100\text{x}-20\text{x}=4800$
$\Rightarrow80\text{x}=4800$
$\Rightarrow\text{x}=\frac{4800}{80}$
$\Rightarrow\text{x}=60$
Therefore, $CP$ of the pen $= Rs. 60$
Now, in order to gain $20\%$, let the new $SP$ be $y.$
Gain $=$ Gain percent $\times CP$
$=\frac{20}{100}\times60$
$= Rs.12$
$SP = CP +$ Gain
$= Rs. 60 + Rs. 12$
$= Rs. 72$
Hence, the correct option is $(d).$

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MCQ 51 Mark
If $SP = Rs. 924$ and gain $= 10\%$, then $CP =$
Disclaimer: There is a misprint in the question. $CP$ should be ask instead of $SP.$
  • A
    $Rs. 480$
  • B
    $Rs. 804$
  • C
    $Rs. 408$
  • $Rs. 840$
Answer
Correct option: D.
$Rs. 840$
Let the $CP$ be $x.$
$SP = Rs. 924$
Gain $= 10\%$
Therfore, $SP$ is more than $CP$.
Now,
Gain$=10\%$ of $CP$ and $SP = CP +$ gain
So, $SP = CP + 10\%$ of $CP$
$\Rightarrow924=\text{x}+\frac{10}{100}\times\text{x}$
$\Rightarrow924=\Big(1+\frac{1}{10}\Big)\text{x}$
$\Rightarrow924=\Big(\frac{11}{10}\Big)\text{x}$
$\Rightarrow\text{x}=\Big(\frac{9240}{11}\Big)$
$\Rightarrow\text{x}=840$
Thus, $CP = Rs. 840$
Hence, the correct option is $(d).$
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MCQ 61 Mark
The $CP$ of a chair is $Rs. 3300$. If it is sold at a loss of $10\%$, then $SP$ is:
  • A
    $Rs. 3000$
  • B
    $Rs. 3070$
  • C
    $Rs. 2790$
  • $Rs. 2970$
Answer
Correct option: D.
$Rs. 2970$

Let the $SP$ be $x.$
$CP = Rs. 3300$
Loss $= 10\%$
Therfore, $CP$ is more than $SP.$
Now,
Loss $= 10\%$ of $CP$ and $SP = CP -$ loss
So, $SP = CP - 10\%$ of $CP$
$\Rightarrow\text{x}=3300-\frac{10}{100}\times3300$
$\Rightarrow\text{x}=\Big(1-\frac{1}{10}\Big)3300$
$\Rightarrow\text{x}=\Big(\frac{9}{10}\Big)3300$
$\Rightarrow\text{x}=2970$
Thus, $SP = Rs. 2970$
Hence, the correct option is $(d).$

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MCQ 71 Mark
A vendor bought lemons at $6$ for a rupee and sold them at $4$ for a rupee. His gain $\%$ is:
  • $50\%$
  • B
    $40\% $
  • C
    $33\frac{1}{3}\%$
  • D
    $16\frac{2}{3}\%$
Answer
Correct option: A.
$50\%$

Let the total lemons be $12.$
$CP$ of $6$ lemons $= Rs. 1$
then, $CP$ of $12$ lemons $= Rs. 2$
Also, $SP$ of $4$ lemons $= Rs. 1$
then, $SP$ of $12$ lemons $= Rs. 3$
Therefore, $SP$ is more than $CP.$
So, Gain $= SP - CP$
$= Rs. 3 - Rs. 2$
$= Rs. 1$
Gain % $=\frac{\text{Profit}}{\text{CP}}\times100$
$=\frac{1}{2}\times100$
$=50\%$
Hence, the correct option is $(a).$

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MCQ 81 Mark
On selling a plastic chair for $Rs. 630$, a man loses $10\%$, the cost price of the chair is:
  • A
    $Rs. 567$
  • B
    $Rs. 693$
  • $Rs. 700$
  • D
    $Rs. 730$
Answer
Correct option: C.
$Rs. 700$

Let the $CP$ be $x.$
$SP = Rs. 630$
Loss $= 10\%$
Therfore, $CP$ is more than $SP.$
Now,
Loss $= 10\%$ of $CP$ and $SP = CP -$ loss
So, $SP = CP - 10\%$ of $CP$
$\Rightarrow630=\text{x}-\frac{10}{100}\times\text{x}$
$\Rightarrow630=\Big(1-\frac{1}{10}\Big)\text{x}$
$\Rightarrow630=\Big(\frac{9}{10}\Big)\text{x}$
$\Rightarrow\text{x}=\frac{6300}{9}$
$\Rightarrow\text{x}=700 $
Thus, $CP = Rs. 700$
Hence, the correct option is $(c).$

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MCQ 91 Mark
If the cost price of $6$ pencils is equal to the selling price of $5$ pencils, then the gain percent is:
  • A
    $10\%$
  • B
    $20\%$
  • C
    $15\%$
  • D
    $25\%$
Answer

Let the cost price of one pencil be $Rs. 1.$
Then, $CP$ of $5$ pencils $= Rs. 5$
and $SP$ of $5$ pencils $= Rs. 6 (\because \ SP$ of $5$ pencils $= CP$ of $6$ pencils$)$
Therfore, $SP$ is more than $CP.$
So, Profit $= SP - CP$
$= Rs. 6 - Rs. 5$
$= Rs. 1$
Gain $% =\frac{\text{Gain}}{\text{CP}}\times100$
$=\frac{1}{5}\times100$
$=20\%$
Hence, the correct option is $(a).$

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MCQ 101 Mark
If $CP = Rs. 120$ and $SP = Rs. 80$, then the profit or loss is equal to:
  • $Rs. 40$ loss
  • B
    $Rs. 60$ loss
  • C
    $Rs. 40$ profit
  • D
    $Rs. 60$ profit
Answer
Correct option: A.
$Rs. 40$ loss

Since, $CP$ is more than $SP.$
Therefore, loss $= CP − SP$
$= Rs. 120 - Rs. 80$
$= Rs. 40$
Hence, the correct option is $(a).$

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MCQ 111 Mark
If $CP = Rs. 200$ and $SP = Rs. 250$, then the profit or loss is equal to:
  • A
    $Rs. 50$ loss
  • $Rs. 50$ profit
  • C
    $Rs. 25$ profit
  • D
    $Rs. 25$ loss
Answer
Correct option: B.
$Rs. 50$ profit
Since, $SP$ is more than $CP$.
Therefore, profit $= SP - CP$
$= Rs 250 - Rs. 200$
$= Rs. 50$
Hence, the correct option is $(b).$
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MCQ 121 Mark
If the cost price of $15$ pens is equal to the selling price of $20$ pens, then the loss percent is:
  • $25\%$
  • B
    $20\%$
  • C
    $15\%$
  • D
    $10\%$
Answer
Correct option: A.
$25\%$
Let the cost price of one pen be $Rs. 1.$
Then, $CP$ of $20$ pens $= Rs. 20$
and $SP$ of $20$ pens $= Rs. 15 (\because SP$ of $20$ pens $= CP$ of $15$ pens$)$
Therefore, $CP$ is more than $SP.$
So, Loss $= CP - SP$
$= Rs. 20 - Rs. 15$
$= Rs. 5$
Loss $% =\frac{\text{Loss}}{\text{CP}}\times100$
$=\frac{5}{20}\times100$
$=25\%$
Hence, the correct option is $(a).$
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MCQ 131 Mark
If $CP = Rs. 950$ and gain $6\%,$ then $SP =$
Disclaimer: There is a misprint in the options. Option $(c)$ must be equal to $Rs. 1007.$
  • A
    $Rs. 1100$
  • B
    $Rs. 1117$
  • C
    $Rs. 1107$
  • D
    $Rs. 1170$
Answer
Let the $SP$ be $x.$
$CP = Rs. 950$
Gain $= 6\%$
Therfore, $SP$ is more than $CP.$
Now,
Gain $= 6\%$ of $CP$
$=\frac{6}{100}\times950$
$= 3 \times 19$
$= 57$
Thus, $SP = CP +$ gain
$= Rs. 950 + Rs. 57$
$= Rs. 1007$
Hence, the correct option is $(c).$
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MCQ 141 Mark
A trader purchased a bicycle for $₹2500$ and sold at $₹2700$. His profit percentage is:
  • $8\%$
  • B
    $10\%$
  • C
    $6\%$
  • D
    $4\%$
Answer
Correct option: A.
$8\%$
$CP = Rs. 2500$
$SP = Rs. 2700$
Since, SP is more than $CP.$
Therefore, Profit $= SP - CP$
$= Rs. 2700 - Rs. 2500$
$= Rs. 200$
Profit Percent $=\frac{\text{Profit}}{\text{CP}}\times100$
$=\frac{200}{2500}\times100$
$=8\%$
Hence, the correct option is $(a).$
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