Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #221

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A shopkeeper sells a chair for Rs. 800, gaining 25%. Find the cost price.

A. Rs. 660

B. Rs. 680

C. Rs. 620

D. Rs. 640

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Correct Answer: Option D

Explanation:
CP = 800/1.25 = 640.

This question belongs to: Maths Profit And Loss

Question #222

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If the selling price of an article is Rs. 260 and the profit is 30%, what is the cost price?

A. Rs. 220

B. Rs. 200

C. Rs. 210

D. Rs. 190

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Correct Answer: Option B

Explanation:
CP = 260/1.3 = 200.

This question belongs to: Maths Profit And Loss

Question #223

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A person bought an article for Rs. 150 and sold it for Rs. 180. What is the profit percentage?

A. 15%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option B

Explanation:
Profit = 30, profit% = 30/150*100=20%.

This question belongs to: Maths Profit And Loss

Question #224

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A shopkeeper sells a radio for Rs. 2200, making a profit of 10%. What was the cost price?

A. Rs. 2100

B. Rs. 2000

C. Rs. 1900

D. Rs. 2050

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Correct Answer: Option B

Explanation:
CP = 2200/1.1 = 2000.

This question belongs to: Maths Profit And Loss

Question #225

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If a product is sold at Rs. 1080, there is a loss of 10%. What is the cost price?

A. Rs. 1180

B. Rs. 1150

C. Rs. 1220

D. Rs. 1200

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Correct Answer: Option D

Explanation:
CP = 1080/0.9 = 1200.

This question belongs to: Maths Profit And Loss

Question #226

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A man sells an article at a profit of 12%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 275

B. Rs. 280

C. Rs. 290

D. Rs. 285

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Correct Answer: Option B

Explanation:
SP = 250*1.12 = 280.

This question belongs to: Maths Profit And Loss

Question #227

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The cost price of 12 articles is equal to the selling price of 9 articles. Find the gain percent.

A. 33.33%

B. 20%

C. 30%

D. 25%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 9 = 12 => SP of 1 = 12/9 = 4/3 = 1.333, gain=33.33%.

This question belongs to: Maths Profit And Loss

Question #228

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If a shopkeeper sells an item at Rs. 216, he gains 8%. Find the cost price.

A. Rs. 208

B. Rs. 210

C. Rs. 200

D. Rs. 190

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Correct Answer: Option C

Explanation:
CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #229

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A person sells a pen for Rs. 45, making a profit of 12.5%. What is the cost price?

A. Rs. 38

B. Rs. 44

C. Rs. 42

D. Rs. 40

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Correct Answer: Option D

Explanation:
CP = 45/1.125 = 40.

This question belongs to: Maths Profit And Loss

Question #230

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If the cost price of an article is Rs. 450 and the selling price is Rs. 405, what is the loss percentage?

A. 8%

B. 12%

C. 15%

D. 10%

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Correct Answer: Option D

Explanation:
Loss = 45, loss% = 45/450*100=10%.

This question belongs to: Maths Profit And Loss

Question #231

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A shopkeeper sells a shirt for Rs. 720, losing 10%. What is the cost price?

A. Rs. 780

B. Rs. 850

C. Rs. 800

D. Rs. 820

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Correct Answer: Option C

Explanation:
CP = 720/0.9 = 800.

This question belongs to: Maths Profit And Loss

Question #232

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A shopkeeper marks an article at Rs. 900 and sells it at a discount of 10%. What is the selling price?

A. Rs. 810

B. Rs. 820

C. Rs. 790

D. Rs. 800

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Correct Answer: Option A

Explanation:
SP = 900*0.9 = 810.

This question belongs to: Maths Profit And Loss

Question #233

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A man sold a TV for Rs. 15000, making a profit of 20%. Find the cost price.

A. Rs. 12000

B. Rs. 12500

C. Rs. 14000

D. Rs. 13000

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Correct Answer: Option B

Explanation:
CP = 15000/1.2 = 12500.

This question belongs to: Maths Profit And Loss

Question #234

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If the selling price of an article is Rs. 320 and the loss is 20%, what is the cost price?

A. Rs. 400

B. Rs. 380

C. Rs. 360

D. Rs. 420

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Correct Answer: Option A

Explanation:
CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss

Question #235

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A person buys a toy for Rs. 200 and sells it for Rs. 180. What is the loss percentage?

A. 15%

B. 20%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
Loss = 20, loss% = 20/200*100=10%.

This question belongs to: Maths Profit And Loss

Question #236

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A shopkeeper sells a book for Rs. 300, gaining 20%. Find the cost price.

A. Rs. 270

B. Rs. 240

C. Rs. 250

D. Rs. 260

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Correct Answer: Option C

Explanation:
CP = 300/1.2 = 250.

This question belongs to: Maths Profit And Loss

Question #237

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A man purchased an item for Rs. 400 and sold it for Rs. 480. What is his profit percentage?

A. 15%

B. 25%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
Profit = 80, profit% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

Question #238

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A shopkeeper gives a discount of 20% on an article marked at Rs. 400. What is the selling price?

A. Rs. 320

B. Rs. 360

C. Rs. 300

D. Rs. 340

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Correct Answer: Option A

Explanation:
SP = 400*0.8 = 320.

This question belongs to: Maths Profit And Loss

Question #239

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If the cost price of an article is Rs. 300 and it is sold at a loss of 5%, what is the selling price?

A. Rs. 280

B. Rs. 295

C. Rs. 285

D. Rs. 290

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Correct Answer: Option C

Explanation:
Loss = 5% of 300 = 15, SP = 300-15=285.

This question belongs to: Maths Profit And Loss

Question #240

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A trader sells an article for Rs. 540, gaining 8%. Find the cost price.

A. Rs. 520

B. Rs. 500

C. Rs. 480

D. Rs. 510

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Correct Answer: Option B

Explanation:
CP = 540/1.08 = 500.

This question belongs to: Maths Profit And Loss

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