Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #181

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If the cost price is Rs. 250 and the selling price is Rs. 300, find the profit percentage.

A. 18%

B. 25%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 50, profit% = 50/250*100=20%.

This question belongs to: Maths Profit And Loss

Question #182

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A shopkeeper marks an article at Rs. 800 and sells it at a discount of 12%. What is the selling price?

A. Rs. 704

B. Rs. 700

C. Rs. 720

D. Rs. 680

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Correct Answer: Option A

Explanation:
SP = 800*0.88 = 704.

This question belongs to: Maths Profit And Loss

Question #183

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A person purchased an item for Rs. 700 and sold it at a loss of 15%. What is the selling price?

A. Rs. 595

B. Rs. 580

C. Rs. 615

D. Rs. 600

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Correct Answer: Option A

Explanation:
Loss = 15% of 700 = 105, SP = 700 - 105 = 595.

This question belongs to: Maths Profit And Loss

Question #184

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If the selling price of an article is Rs. 330 and the profit is 10%, what is the cost price?

A. Rs. 310

B. Rs. 290

C. Rs. 300

D. Rs. 320

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Correct Answer: Option C

Explanation:
CP = 330 / 1.1 = 300.

This question belongs to: Maths Profit And Loss

Question #185

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A man sells an article at a profit of 30%. If the cost price is Rs. 500, what is the selling price?

A. Rs. 650

B. Rs. 550

C. Rs. 700

D. Rs. 600

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Correct Answer: Option A

Explanation:
SP = 500*1.3 = 650.

This question belongs to: Maths Profit And Loss

Question #186

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The cost price of 8 articles is equal to the selling price of 6 articles. Find the gain percent.

A. 33.33%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 6 = 8 => SP of 1 = 8/6 = 4/3 = 1.333, gain = 33.33%.

This question belongs to: Maths Profit And Loss

Question #187

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A shopkeeper buys a product for Rs. 450 and sells it at a loss of 8%. What is the selling price?

A. Rs. 400

B. Rs. 430

C. Rs. 420

D. Rs. 414

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Correct Answer: Option D

Explanation:
Loss = 8% of 450 = 36, SP = 450 - 36 = 414.

This question belongs to: Maths Profit And Loss

Question #188

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A dealer marks his goods 25% above cost and gives a discount of 10%. What is his profit percent?

A. 12.5%

B. 20%

C. 15%

D. 10%

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Correct Answer: Option A

Explanation:
Let CP=100, MP=125, SP=125*0.9=112.5, profit=12.5%.

This question belongs to: Maths Profit And Loss

Question #189

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A person sold a table for Rs. 1200, gaining 20%. What was the cost price?

A. Rs. 1100

B. Rs. 1000

C. Rs. 1050

D. Rs. 980

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Correct Answer: Option B

Explanation:
CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

Question #190

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A shopkeeper sells a shirt for Rs. 800, making a profit of 25%. What is the cost price?

A. Rs. 640

B. Rs. 660

C. Rs. 680

D. Rs. 620

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Correct Answer: Option A

Explanation:
CP = 800/1.25 = 640.

This question belongs to: Maths Profit And Loss

Question #191

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If the selling price of an article is Rs. 450, there is a loss of 10%. What is the cost price?

A. Rs. 460

B. Rs. 520

C. Rs. 500

D. Rs. 480

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Correct Answer: Option C

Explanation:
CP = 450/0.9 = 500.

This question belongs to: Maths Profit And Loss

Question #192

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A fruit seller buys 100 oranges at Rs. 4 each and sells them at Rs. 5 each. What is his profit percentage?

A. 15%

B. 30%

C. 20%

D. 25%

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Correct Answer: Option D

Explanation:
CP = 400, SP = 500, profit = 100, profit% = (100/400)*100=25%.

This question belongs to: Maths Profit And Loss

Question #193

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A shopkeeper marks his goods at Rs. 1500 and gives a discount of 20%. What is the selling price?

A. Rs. 1200

B. Rs. 1250

C. Rs. 1300

D. Rs. 1100

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Correct Answer: Option A

Explanation:
SP = 1500*0.8 = 1200.

This question belongs to: Maths Profit And Loss

Question #194

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A person bought a watch for Rs. 2000 and sold it for Rs. 1600. What is the loss percentage?

A. 30%

B. 20%

C. 15%

D. 25%

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Correct Answer: Option B

Explanation:
Loss = 400, loss% = (400/2000)*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #195

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If the cost price of an article is Rs. 320 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 420

B. Rs. 400

C. Rs. 380

D. Rs. 350

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Correct Answer: Option B

Explanation:
SP = 320*1.25 = 400.

This question belongs to: Maths Profit And Loss

Question #196

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A man sells an article at a loss of 5%. If he had sold it for Rs. 60 more, he would have gained 10%. Find the cost price.

A. Rs. 350

B. Rs. 400

C. Rs. 500

D. Rs. 450

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Correct Answer: Option B

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Question #197

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A shopkeeper bought 12 kg of rice at Rs. 30 per kg and 8 kg at Rs. 40 per kg. He mixed them and sold at Rs. 45 per kg. What is his profit percentage?

A. 20%

B. 15%

C. 30%

D. 25%

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #198

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A shopkeeper sells a product at a profit of 15%. If the cost price is Rs. 400, what is the selling price?

A. Rs. 470

B. Rs. 460

C. Rs. 480

D. Rs. 450

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Correct Answer: Option B

Explanation:
SP = 400*1.15 = 460.

This question belongs to: Maths Profit And Loss

Question #199

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An article is sold at Rs. 720, incurring a loss of 10%. What is the cost price?

A. Rs. 800

B. Rs. 850

C. Rs. 780

D. Rs. 820

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Correct Answer: Option A

Explanation:
CP = 720 / 0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #200

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If a shopkeeper sells an item at Rs. 360, he gains 20%. Find the cost price.

A. Rs. 320

B. Rs. 280

C. Rs. 340

D. Rs. 300

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Correct Answer: Option D

Explanation:
CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

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