Lakshya Education MCQs

Question:

  1. A student calculates profit percentage on the selling price instead of calculating it on the cost price of an article. The selling price of the article is Rs 312.50. If the actual profit is 20%, the profit calculated by him is

Options:
A.\(15\frac{2}{3}\)%
B.\(16\frac{2}{3}\)%
C.\(17\frac{2}{3}\) %
D.none of these
Answer: Option B

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Question 1.

  1. A student calculates profit percentage on the selling price instead of calculating it on the cost price of an article. The selling price of the article is Rs 312.50. If the actual profit is 20%, the profit calculated by him is

Options:
  1.    \(15\frac{2}{3}\)%
  2.    \(16\frac{2}{3}\)%
  3.    \(17\frac{2}{3}\) %
Answer: Option B
Question 2.

  1. In a transaction a man gained 40% of the list price. His actual gain % was

Options:
  1.    30%
  2.    40%
  3.    50%
  4.    none of these
Answer: Option D
Question 3.

  1. A dealer sells two scooters, one at a profit of 15% and the other at a loss of 15%. The selling price of both the scooters is the same as Rs 9775. The gain or loss in the transaction is

Options:
  1.    Loss 2 %
  2.    gain 2 %
  3.    Loss 2.25 %
  4.    Gain 2.25 %
Answer: Option C
Question 4.

  1. By selling 11 articles I gain the selling price of one article. The gain % is

Options:
  1.    1%
  2.    10%
  3.    11%
  4.    12%
Answer: Option B
Question 5.

  1. Cost of 15 pens was recovered by the sale of 12 pens only. The gain percentage is

Options:
  1.    20%
  2.    25%
  3.    30%
  4.    noe of these
Answer: Option B
Question 6.

  1. A trader marks his goods at 20% above cost price. If he allows his customers 10% discount, how much profit per cent does he make?

Options:
  1.    6%
  2.    8%
  3.    10%
  4.    12%
Answer: Option B