Profit And Loss MCQs

Maths

Profit And Loss MCQs

Practice Profit and Loss MCQs with answers and detailed explanations. Learn concepts such as cost price, selling price, profit percentage, loss percentage, discount, marked price and quantitative aptitude questions designed for SSC, Railway, Banking, UPSC, JKSSB, Police, Teaching and other competitive exams.

616
Total Questions

Practice Questions

Page 13 of 31
Question #241
A man buys 10 articles for Rs. 8 and sells 8 articles for Rs. 10. Find the profit percentage.
A. 56.25%
B. 45%
C. 50%
D. 60%
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option A

This question belongs to: Maths Profit And Loss
Question #242
A shopkeeper sells a fan for Rs. 1200, gaining 20%. Find the cost price.
A. Rs. 1050
B. Rs. 1100
C. Rs. 980
D. Rs. 1000
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 1200/1.2 = 1000.
This question belongs to: Maths Profit And Loss
Question #243
If the selling price of an article is Rs. 150 and the loss is 25%, what is the cost price?
A. Rs. 190
B. Rs. 200
C. Rs. 220
D. Rs. 180
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 150/0.75 = 200.
This question belongs to: Maths Profit And Loss
Question #244
A trader allows a discount of 30% on the marked price and still makes a profit of 20%. If the cost price is Rs. 600, find the marked price.
A. Rs. 1100
B. Rs. 1028.57
C. Rs. 950
D. Rs. 1000
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option B

This question belongs to: Maths Profit And Loss
Question #245
A man sells an article at a profit of 25%. If the cost price is Rs. 320, what is the selling price?
A. Rs. 380
B. Rs. 360
C. Rs. 420
D. Rs. 400
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 320*1.25 = 400.
This question belongs to: Maths Profit And Loss
Question #246
A shopkeeper buys a product for Rs. 720 and sells it at a loss of 10%. What is the selling price?
A. Rs. 650
B. Rs. 660
C. Rs. 640
D. Rs. 648
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Loss = 10% of 720 = 72, SP = 720 - 72 = 648.
This question belongs to: Maths Profit And Loss
Question #247
If the cost price of an article is Rs. 180 and the selling price is Rs. 216, what is the profit percentage?
A. 25%
B. 15%
C. 20%
D. 18%
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Profit = 36, profit% = 36/180*100=20%.
This question belongs to: Maths Profit And Loss
Question #248
A dealer marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?
A. 6%
B. 8%
C. 10%
D. 4%
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option D

This question belongs to: Maths Profit And Loss
Question #249
A shopkeeper sells a table for Rs. 2400, losing 20%. Find the cost price.
A. Rs. 2500
B. Rs. 2800
C. Rs. 3200
D. Rs. 3000
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 2400/0.8 = 3000.
This question belongs to: Maths Profit And Loss
Question #250
If the selling price of an article is Rs. 420 and the profit is 5%, find the cost price.
A. Rs. 410
B. Rs. 400
C. Rs. 420
D. Rs. 390
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 420/1.05 = 400.
This question belongs to: Maths Profit And Loss
Question #251
A man sold a bicycle for Rs. 2500, gaining 25%. What was the cost price?
A. Rs. 2000
B. Rs. 2200
C. Rs. 1800
D. Rs. 2100
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 2500/1.25 = 2000.
This question belongs to: Maths Profit And Loss
Question #252
If the cost price of an item is Rs. 560 and it is sold at a profit of 15%, what is the selling price?
A. Rs. 660
B. Rs. 650
C. Rs. 640
D. Rs. 644
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 560*1.15 = 644.
This question belongs to: Maths Profit And Loss
Question #253
A shopkeeper sells a watch for Rs. 1980, losing 10%. Find the cost price.
A. Rs. 2100
B. Rs. 2300
C. Rs. 2200
D. Rs. 2000
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 1980/0.9 = 2200.
This question belongs to: Maths Profit And Loss
Question #254
A person bought a dress for Rs. 1200 and sold it for Rs. 1440. What is the profit percentage?
A. 15%
B. 25%
C. 18%
D. 20%
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Profit = 240, profit% = 240/1200*100=20%.
This question belongs to: Maths Profit And Loss
Question #255
If the selling price of an article is Rs. 180 and the loss is 10%, find the cost price.
A. Rs. 210
B. Rs. 200
C. Rs. 185
D. Rs. 190
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 180/0.9 = 200.
This question belongs to: Maths Profit And Loss
Question #256
A person sells an article at Rs. 275, gaining 10%. What is the cost price?
A. Rs. 260
B. Rs. 255
C. Rs. 250
D. Rs. 240
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 275/1.1 = 250.
This question belongs to: Maths Profit And Loss
Question #257
If the cost price of an article is Rs. 400 and the selling price is Rs. 500, what is the profit percentage?
A. 25%
B. 30%
C. 20%
D. 15%
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Profit = 100, profit% = 100/400*100=25%.
This question belongs to: Maths Profit And Loss
Question #258
A trader marks his goods 20% above cost and gives a discount of 10%. What is his profit percent?
A. 12%
B. 15%
C. 10%
D. 8%
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP=100, MP=120, SP=120*0.9=108, profit=8%.
This question belongs to: Maths Profit And Loss
Question #259
A person buys a book for Rs. 80 and sells it for Rs. 96. What is the gain percentage?
A. 18%
B. 15%
C. 25%
D. 20%
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Gain = 16, gain% = 16/80*100=20%.
This question belongs to: Maths Profit And Loss
Question #260
A shopkeeper sells a shirt at Rs. 880, gaining 10%. Find the cost price.
A. Rs. 780
B. Rs. 840
C. Rs. 800
D. Rs. 820
Discuss
Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 880/1.1 = 800.
This question belongs to: Maths Profit And Loss

More Maths Topics

Average MCQs
Compound Interest MCQs
Percentage MCQs
Ratio and Proportion MCQs
Simple Interest MCQs
Time and Work MCQs
Time Speed and Distance MCQs
Today's Top Topics
Time Speed and Distance 761 Average 965 Percentage 680 Ratio and Proportion 446 Time and Work 446
Explore Subjects
Geography GK 6121 Static General Knowledge 6362 Maths 5575 Economy GK 2220 English 15164
Practice Mix
Select the most appropriate meaning of the idiom: 'A queer fish'.
x86-64 is also known as:
My eyes are tired because I ___ on the computer for hours.
He stands ___ the door.
Which railway system is designed exclusively for urban mass rapid transport?