Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #281

A trader allows a discount of 20% on an article and still gains 20%. If the marked price is Rs. 1200, find the cost price.

A. Rs. 850

B. Rs. 750

C. Rs. 800

D. Rs. 900

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Correct Answer: Option C

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Question #282

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A man sells an article at a profit of 15%. If the cost price is Rs. 200, what is the selling price?

A. Rs. 225

B. Rs. 230

C. Rs. 235

D. Rs. 240

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Correct Answer: Option B

Explanation:
SP = 200*1.15 = 230.

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Question #283

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A shopkeeper sells a product for Rs. 855, gaining 12.5%. Find the cost price.

A. Rs. 740

B. Rs. 800

C. Rs. 780

D. Rs. 760

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Correct Answer: Option D

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Question #284

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If the selling price of an article is Rs. 110 and the loss is 15%, find the cost price.

A. Rs. 129.41

B. Rs. 120

C. Rs. 125

D. Rs. 130

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Correct Answer: Option A

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Question #285

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A dealer marks his goods 40% above cost and gives a discount of 20%. What is his profit percent?

A. 15%

B. 12%

C. 10%

D. 20%

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Correct Answer: Option B

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Question #286

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

A. 20%

B. 15%

C. 30%

D. 25%

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Correct Answer: Option A

Explanation:
Loss = 60, loss% = 60/300*100=20%.

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Question #287

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If the cost price of an article is Rs. 450 and the selling price is Rs. 540, what is the profit percentage?

A. 18%

B. 20%

C. 15%

D. 25%

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Correct Answer: Option B

Explanation:
Profit = 90, profit% = 90/450*100=20%.

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Question #288

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A trader marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 8%

B. 12%

C. 10%

D. 15%

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Correct Answer: Option A

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Question #289

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A person buys 2 kg of sugar at Rs. 40 per kg and 3 kg at Rs. 50 per kg. He mixes and sells at Rs. 60 per kg. What is his profit percentage?

A. 35%

B. 30%

C. 40%

D. 45%

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Correct Answer: Option C

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Question #290

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A shopkeeper sells an item for Rs. 450, gaining 12.5%. Find the cost price.

A. Rs. 410

B. Rs. 420

C. Rs. 400

D. Rs. 380

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Correct Answer: Option C

Explanation:
CP = 450/1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #291

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A man sold a car for Rs. 300000, losing 20%. What was the cost price?

A. Rs. 400000

B. Rs. 350000

C. Rs. 375000

D. Rs. 360000

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Correct Answer: Option C

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Question #292

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If the cost price of an article is Rs. 520 and the selling price is Rs. 650, what is the profit percentage?

A. 15%

B. 30%

C. 25%

D. 20%

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Correct Answer: Option C

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Question #293

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A shopkeeper sells a product for Rs. 630, gaining 5%. Find the cost price.

A. Rs. 620

B. Rs. 640

C. Rs. 600

D. Rs. 580

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Correct Answer: Option C

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Question #294

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A person buys a pen for Rs. 20 and sells it for Rs. 25. What is the gain percentage?

A. 30%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option C

Explanation:
Gain = 5, gain% = 5/20*100=25%.

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Question #295

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If the cost price of an article is Rs. 160 and the selling price is Rs. 192, what is the profit percentage?

A. 25%

B. 15%

C. 18%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 32, profit% = 32/160*100=20%.

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Question #296

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A person sells an article at a profit of 25%. If the cost price is Rs. 240, what is the selling price?

A. Rs. 300

B. Rs. 280

C. Rs. 320

D. Rs. 260

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Correct Answer: Option A

Explanation:
SP = 240*1.25 = 300.

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Question #297

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If the selling price of an article is Rs. 224 and the loss is 20%, find the cost price.

A. Rs. 280

B. Rs. 270

C. Rs. 260

D. Rs. 290

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Correct Answer: Option A

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Question #298

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A trader allows a discount of 30% on the marked price and still gains 20%. If the cost price is Rs. 700, find the marked price.

A. Rs. 1250

B. Rs. 1150

C. Rs. 1200

D. Rs. 1300

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Correct Answer: Option C

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Question #299

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If the cost price of an article is Rs. 900 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 1020

B. Rs. 1050

C. Rs. 1000

D. Rs. 1035

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Correct Answer: Option D

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Question #300

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A trader marks his goods 25% above cost and gives a discount of 20%. What is his profit percent?

A. 5%

B. 2%

C. 0%

D. 10%

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Correct Answer: Option C

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