A shopkeeper buys 100 pens at Rs. 10 each and sells 80 pens at Rs. 12 each and the remaining at Rs. 8 each. What is his profit or loss percentage? MCQ with Answer and Explanation

A shopkeeper buys 100 pens at Rs. 10 each and sells 80 pens at Rs. 12 each and the remaining at Rs. 8 each. What is his profit or loss percentage?
A. No profit no loss
B. Profit 4%
C. Loss 4%
D. Profit 2%
Answer: Option B
Solution (By JKSSB Mock Tests)
Total CP = 100*10 = 1000. SP = 80*12 + 20*8 = 960 + 160 = 1120. Profit = 120, profit% = 12%? Wait 120/1000*100=12%, not in options. Let's check: actually 80*12=960, 20*8=160, total SP=1120, CP=1000, profit=120, profit%=12%. But option A says 4%. That's wrong. Let's recalc: maybe he sells 80 at Rs.12 each (960) and remaining 20 at Rs.8 each (160) total 1120, profit 120, 12%. Not in options. So this question is flawed. Delete and regenerate.

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Practice More Profit And Loss Questions

Question #1
By selling 12 items for Rs. 60, a man loses 25%. How many items must he sell for Rs. 100 to gain 25%?
A. 15
B. 12
C. 10
D. 16

Correct Answer: Option B


Explanation:
Selling Price of 12 items = 60. Selling Price of 1 item = 5. Cost Price of 1 item = 5 / 0.75 = 20 / 3. Desired Selling Price for 25% profit = (20 / 3) * 1.25 = 25 / 3. Number of items for Rs. 100 = 100 / (25 / 3) = 12 items.

This question belongs to: Maths Profit And Loss
Question #2
An electronics store allows successive discounts of 15% and 20% on a laptop marked at Rs. 60,000. If the store still makes a 20% profit, what is the cost price?
A. Rs. 40000
B. Rs. 36000
C. Rs. 32000
D. Rs. 34000

Correct Answer: Option D


Explanation:
Marked Price = 60000. Price after 15% discount = 51000. Price after further 20% discount = 51000 * 0.80 = 40800. Selling Price = 40800. Profit = 20%. Cost Price = 40800 / 1.20 = 34000.

This question belongs to: Maths Profit And Loss
Question #3
A man buys a bag for Rs. 300 and sells it for Rs. 360. What is the gain percent?
A. 30%
B. 25%
C. 15%
D. 20%

Correct Answer: Option D


Explanation:
Gain = 60, gain% = 60/300*100 = 20%.

This question belongs to: Maths Profit And Loss