Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #261

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If an article is sold at Rs. 320, there is a loss of 20%. What is its cost price?

A. Rs. 380

B. Rs. 420

C. Rs. 400

D. Rs. 360

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Correct Answer: Option C

Explanation:
CP = 320/0.8 = 400.

This question belongs to: Maths Profit And Loss

Question #262

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A man sold a laptop for Rs. 18000, making a profit of 20%. Find the cost price.

A. Rs. 16000

B. Rs. 14000

C. Rs. 15000

D. Rs. 14500

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Correct Answer: Option C

Explanation:
CP = 18000/1.2 = 15000.

This question belongs to: Maths Profit And Loss

Question #263

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If the selling price of an article is Rs. 135 and the profit is 35%, find the cost price.

A. Rs. 95

B. Rs. 100

C. Rs. 110

D. Rs. 105

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Correct Answer: Option B

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Question #264

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A man buys a product for Rs. 240 and sells it for Rs. 300. What is the profit percentage?

A. 25%

B. 15%

C. 30%

D. 20%

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Correct Answer: Option A

Explanation:
Profit = 60, profit% = 60/240*100=25%.

This question belongs to: Maths Profit And Loss

Question #265

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A shopkeeper sells a radio for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 620

B. Rs. 640

C. Rs. 580

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

Question #266

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A person buys 100 items at Rs. 50 each and sells them at Rs. 60 each. What is the profit percentage?

A. 20%

B. 15%

C. 25%

D. 30%

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Correct Answer: Option A

Explanation:
CP = 5000, SP = 6000, profit = 1000, profit% = 1000/5000*100=20%.

This question belongs to: Maths Profit And Loss

Question #267

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If the cost price of an article is Rs. 120 and the selling price is Rs. 150, what is the profit percentage?

A. 30%

B. 20%

C. 15%

D. 25%

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Correct Answer: Option D

Explanation:
Profit = 30, profit% = 30/120*100=25%.

This question belongs to: Maths Profit And Loss

Question #268

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A man bought a shirt for Rs. 450 and sold it for Rs. 540. What is the gain percentage?

A. 15%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 90, gain% = 90/450*100=20%.

This question belongs to: Maths Profit And Loss

Question #269

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A shopkeeper sells a mobile for Rs. 8000, losing 20%. Find the cost price.

A. Rs. 10000

B. Rs. 10400

C. Rs. 9600

D. Rs. 9000

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Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #270

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If the selling price of an article is Rs. 450 and the profit is 12.5%, find the cost price.

A. Rs. 410

B. Rs. 420

C. Rs. 380

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #271

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A dealer marks his goods 30% above cost and gives a discount of 10%. What is his profit percent?

A. 15%

B. 18%

C. 20%

D. 17%

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Correct Answer: Option D

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Question #272

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A person bought a watch for Rs. 1200 and sold it for Rs. 1500. What is the profit percentage?

A. 20%

B. 15%

C. 25%

D. 30%

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Correct Answer: Option C

Explanation:
Profit = 300, profit% = 300/1200*100=25%.

This question belongs to: Maths Profit And Loss

Question #273

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A shopkeeper sells a book for Rs. 360, gaining 20%. Find the cost price.

A. Rs. 300

B. Rs. 320

C. Rs. 340

D. Rs. 280

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Correct Answer: Option A

Explanation:
CP = 360/1.2 = 300.

This question belongs to: Maths Profit And Loss

Question #274

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If an article is sold at Rs. 216, there is a profit of 8%. Find the cost price.

A. Rs. 208

B. Rs. 210

C. Rs. 190

D. Rs. 200

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Correct Answer: Option D

Explanation:
CP = 216/1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #275

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A trader gives a discount of 20% on the marked price and still gains 10%. If the cost price is Rs. 500, find the marked price.

A. Rs. 600

B. Rs. 687.5

C. Rs. 650

D. Rs. 700

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Correct Answer: Option B

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Question #276

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A man sells an article at a loss of 15%. If the selling price is Rs. 255, find the cost price.

A. Rs. 280

B. Rs. 320

C. Rs. 300

D. Rs. 290

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Correct Answer: Option C

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Question #277

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If the cost price of an article is Rs. 270 and the selling price is Rs. 324, what is the profit percentage?

A. 15%

B. 18%

C. 25%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 54, profit% = 54/270*100=20%.

This question belongs to: Maths Profit And Loss

Question #278

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A man bought a chair for Rs. 600 and sold it for Rs. 720. What is the gain percent?

A. 30%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Gain = 120, gain% = 120/600*100=20%.

This question belongs to: Maths Profit And Loss

Question #279

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A shopkeeper sells a T-shirt for Rs. 660, gaining 10%. Find the cost price.

A. Rs. 580

B. Rs. 620

C. Rs. 640

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 660/1.1 = 600.

This question belongs to: Maths Profit And Loss

Question #280

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If the cost price of an article is Rs. 200 and the selling price is Rs. 240, what is the profit percentage?

A. 15%

B. 25%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 40, profit% = 40/200*100=20%.

This question belongs to: Maths Profit And Loss

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