# PROFIT AND LOSS BASED MCQ QUESTION PART-1

Q.N(1) The man bought 10 cycles for Rs.500 each. He sold four cycles for Rs. 400, three for Rs. 600. At what price he should sell the remaining cycles so as to earn an average profit of Rs. 300 per cycle approximately

A. 1533.33

B. 1622.99

C.1944.55

D.1811

OPTION A CORRECT

Q.N(2) Rohit sells a chair for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. find the cost price of the chair?

A. 760

B.860

C.850

D.550

OPTION B CORRECT

Q.N(3) When the price of petrol is decreased by 20%, the consumption increases by 40%. What is the net effect on scales?

A. 10

B.12

C.14

D.15

OPTION B CORRECT

Q.N(4) A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain20%?

A. 3

B.2

C.5

D.9

OPTION C CORRECT

Q.N(5) Rahul bought a hair machine at two-thirds of its MRP and sell it to Rajat at 3% more than MRP. What would be the Gain percentage of Rahul?

A. 54.5%CO

B.50.98%

C.45.23%

D.53.5

OPTION A CORRECT