(IGP) IAS Pre Paper - 2: GS - Basic Numeracy - Profit & Loss (MCQ -7)

Basic Numeracy
Profit and Loss (MCQ -7)

1. A man purchased a box full of pencils at the rate of 7 for Rs. 9 and sold all of them at the rate of 8 for Rs. 11. In this transaction, he gained Rs. 10. How many pencils did the box contain?
(a) 111
(b) 112
(c) 114
(d) 116

2. A man bought a number of clips at 3 for a rupee and an equal number at 2 for a rupee. At what price per dozen should he sell them to make a profit of 20%?
(a) Rs. 9
(b) Rs. 10
(c) Rs. 6
(d) Rs. 7

3. A man bought some oranges at Rs. 10 per dozen and bought the same number of oranges at Rs. 8 per dozen. He sold these oranges at Rs. 11 per dozen and gained Rs.120. The total number of oranges bought by him was:
(a) 55 dozens
(b) 80 dozens
(c) 90 dozens
(d) 60 dozens

4. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
(a) 8
(b) 9
(c) 5
(d) 2

5. By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?
(a) 6
(b) 8
(c) 10
(d) 9

6. By selling 45 lemons for Rs. 40, a man loses 20%. How many should he sell for Rs. 24 to gain 20% in the transaction?
(a) 19
(b) 18
(c) 24
(d) 22

7. A trader mixes 26 kg of rice at Rs.20 per kg with 30 kg of rice of other variety at Rs.36 per kg and sells the mixture at Rs.30 per kg. His profit percent is:
(a) 6%
(b) 5%
(c) 11%
(d) 10%

8. Arun purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of Rs. 14.25 per kg. He mixed the two and sold the mixture. Approximately what price per kg should he sell the mixture to make 30% profit?
(a) Rs. 15.80
(b) Rs. 16.40
(c) Rs. 15.60
(d) Rs. 16.30

9. Padam purchased 30 kg of rice at the rate of Rs.17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs.18.60 per kg and made 20% overall profit. At what price per kg did he purchase the lot of another 30 kg rice?
(a) Rs. 14.50
(b) Rs. 13.50
(c) Rs. 17.50
(d) Rs. 16.50

10. A trader mixes three varieties of groundnuts costing Rs. 50, Rs. 20 and Rs. 30 per kg in the ratio 2 : 4 : 3 in terms of weight, and sells the mixture at Rs. 33 per kg. What percentage of profit does he make?
(a) 8%
(b) 3%
(c) 11%.
(d) 10%

11. A dairyman pays Rs. 6.40 per litre of milk. He adds water and sells themixture at Rs. 8 per litre, thereby making 37.5% profit. The proportion of water to milk received by the customers is:
(a) 1 : 10
(b) 1 : 12
(c) 2 : 7
(d) 3 : 20

12. A fruit seller has 24 kg of apples. He sells a part of these at a gain of 20% and the balance at a loss of 5%. If on the whole he earns a profit of 10%, the amount of apples sold at a loss is:
(a) 9.8 kg
(b) 8 kg
(c) 9.6 kg
(d) 12.4 kg

13. Two-third of a consignment was sold at a profit of 5% and the remainder at a loss of 2%. If the total profit was Rs. 400, the value of the consignment (in Rs.) was
(a) 13,000
(b) 17,000
(c) 15,000
(d) 40,000

14. A trader purchases a watch and a wall clock for Rs. 390. He sells them making a profit of 10% on the watch and 15% on the wall clock.He earns a profit of Rs. 51.50. The difference between the original prices of the wall clock and the watch is equal to:
(a) Rs. 111
(b) Rs. 150
(c) Rs. 110
(d) Rs. 130

15. Albert buys 4 horses and 9 cows for Rs.13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of Rs.1880. The cost of a horse is:
(a) Rs. 2200
(b) Rs. 2000
(c) Rs. 2700
(d) Rs. 3200

16. A man purchases two clocks A and B at a total cost of Rs. 650. He sells A with 20% profit and B at a loss of 25% and gets the same selling price for both the clocks. What are the purchasing prices of A and B respectively?
(a) Rs. 550, Rs. 660
(b) Rs. 250, Rs. 400
(c) Rs. 378, Rs. 375
(d) Rs. 300, Rs. 350

17. The C.P. of two watches taken together is Rs. 840. If by selling one at a profit of 16% and the other at a loss of 12%, there is no loss or gain in the whole transaction, then the C.P of the two watches are respectively:
(a) Rs. 360, Rs. 480
(b) Rs. 500, Rs. 360
(c) Rs. 360, Rs. 460
(d) Rs. 400, Rs. 440

18. On selling a chair at 7% loss and a table at 17% gain, a man gains Rs.296. If he sells the chair at 7% gain and the table at 12% gain, then he gains Rs.400. The actual price of the table is:
(a) Rs. 2100
(b) Rs. 1900
(c) Rs. 2200
(d) Rs. 2400

19. A shopkeeper offers 2.5% discount on cash purchases. What cash amount would Rohan pay for a cycle, the marked price of which is Rs. 650?
(a) Rs. 633
(b) Rs. 633.75
(c) Rs. 635
(d) Rs. 750

20. A chair costing Rs. 400 has been sold for Rs. 300. The percentage loss was
(a) 20%
(b) 25%
(c) 15%
(d) 10%