Quantitative - Mathematics - Word Problems:

Profit and Loss

MCQ - 416-13183

Question:

A company makes a profit of 7% selling goods which cost $2,000; it also makes a profit of 6% selling a machine that cost the company $5,000. How much total profit did the company make on both transactions?

$300
$400
$420
$400
$490

Correct Answer: D

Explanation:

Profit on selling goods = 2000 × $\frac{7}{100}$ = 140

Profit on selling the machine = 5000 × $\frac{6}{100}$ = 300

Total Profit = 140 + 300 = 440

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1297 MCQ for effective preparation of the test of Profit and Loss of Word Problems section.

Read the MCQ statement: A company makes a profit of 7% selling goods which cost $2,000; it also makes a profit of 6% selling a machine that cost the company $5,000. How much .... oth transactions? , keenly and apply the method you have learn through the video lessons for Profit and Loss to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 416-13183.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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