**Profit and Loss - Topic Wise Multiple Choice Questions (MCQ)**

**Online Topic Wise Profit and Loss MCQ for competitive exam Practice Multiple Choice Questions for IBPS SSC Online Test Private Job Interview **

1 )

**A Shopkeeper buys two Toys for Rs. 750. He sells first Toys at a profit of 22% and the second Toys at a loss of 8%. What is the SP of first Toys if in the whole transaction there is no profit no loss?**

244 * *** ✔**

264 * *

278 * *

284 * *

290 * *

2 )

**The cost price of item B is Rs. 200/- more than the cost price of item A. Item A was sold at a profit of 20% and item B was sold at a loss of 30%. If the respective ratio of selling prices of items A and B is 6 : 7, what is the cost price of item B?**

350 * *

400 * *** ✔**

425 * *

415 * *

375 * *

3 )

**Two Mangoes, three grapes and four apples cost Rs. 15. Three Mangoes, two grapes and one apple cost Rs. 10. I bought 3 Mangoes, 3 grapes and 3 apples. How much did I pay?**

11 * *

13 * *

14 * *

15 * *** ✔**

17 * *

4 )

**A watch dealer incurs an expense of Rs. 150 for producing every watch. He also incurs an additional expenditure of Rs. 30,000, which is independent of the number of watches produced. If he is able to sell a watch during the season, he sells it for Rs. 250. If he fails to do so, he has to sell each watch for Rs. 100.If he produces 1500 watches, what is the number of watches that he must sell during the season in order to breakeven, given that he is able to sell all the watches produced?**

650 * *

750 * *

600 * *

775 * *

700 * *** ✔**

5 )

**A dealer offers a cash discount of 20% and still makes a profit of 20%, when he further allows 16 articles to a dozen to a particularly sticky bargainer. How much per cent above the cost price were his wares listed ?**

95 * *

90 * *

80 * *

100 * *** ✔**

94 * *