Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #301

Share Report

A man buys a shirt for Rs. 400 and sells it for Rs. 480. What is the gain percent?

A. 20%

B. 30%

C. 25%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Gain = 80, gain% = 80/400*100=20%.

This question belongs to: Maths Profit And Loss

Question #302

Share Report

A trader allows a discount of 40% on the marked price and still gains 20%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1000

B. Rs. 1300

C. Rs. 1100

D. Rs. 1200

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #303

Share Report

A person sells an article at a loss of 18%. If the selling price is Rs. 410, find the cost price.

A. Rs. 460

B. Rs. 500

C. Rs. 480

D. Rs. 520

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #304

Share Report

If the selling price of an article is Rs. 252 and the profit is 40%, find the cost price.

A. Rs. 180

B. Rs. 160

C. Rs. 200

D. Rs. 220

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #305

Share Report

A shopkeeper marks his goods 50% above cost and gives a discount of 15%. What is his profit percent?

A. 25%

B. 27.5%

C. 20%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

This question belongs to: Maths Profit And Loss

Question #306

Share Report

If the selling price of an article is Rs. 130 and the loss is 35%, find the cost price.

A. Rs. 220

B. Rs. 180

C. Rs. 200

D. Rs. 190

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #307

Share Report

A trader allows a discount of 20% on an article and still gains 25%. If the cost price is Rs. 400, find the marked price.

A. Rs. 600

B. Rs. 650

C. Rs. 625

D. Rs. 700

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

This question belongs to: Maths Profit And Loss

Question #308

Share Report

A person buys a watch for Rs. 800 and sells it for Rs. 640. What is the loss percentage?

A. 15%

B. 30%

C. 20%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Loss = 160, loss% = 160/800*100=20%.

This question belongs to: Maths Profit And Loss

Question #309

Share Report

If the selling price of an article is Rs. 288 and the profit is 44%, find the cost price.

A. Rs. 200

B. Rs. 190

C. Rs. 220

D. Rs. 210

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #310

Share Report

If the cost price of an article is Rs. 640 and the selling price is Rs. 800, what is the profit percentage?

A. 25%

B. 20%

C. 30%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

This question belongs to: Maths Profit And Loss

Question #311

Share Report

A shopkeeper marks his goods 70% above cost and gives a discount of 40%. What is his profit percent?

A. 8%

B. 10%

C. 5%

D. 2%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

This question belongs to: Maths Profit And Loss

Question #312

Share Report

A shopkeeper buys a pen for Rs. 25 and sells it for Rs. 30. What is the profit percentage?

A. 25%

B. 15%

C. 20%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Profit = 30 - 25 = 5. Profit% = (5/25)*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #313

Share Report

If the selling price of an article is Rs. 480 and the profit is 20%, find the cost price.

A. Rs. 420

B. Rs. 380

C. Rs. 400

D. Rs. 440

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 480 / 1.20 = 400.

This question belongs to: Maths Profit And Loss

Question #314

Share Report

A trader marks his goods 30% above cost and gives a discount of 15%. What is his profit percent?

A. 9%

B. 10.5%

C. 12%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Let CP = 100. MP = 130. SP = 130 * 0.85 = 110.5. Profit = 10.5%.

This question belongs to: Maths Profit And Loss

Question #315

Share Report

An item is sold at a loss of 12%. If the selling price is Rs. 528, what is the cost price?

A. Rs. 600

B. Rs. 550

C. Rs. 620

D. Rs. 580

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SP = 88% of CP => CP = 528 / 0.88 = 600.

This question belongs to: Maths Profit And Loss

Question #316

Share Report

A shopkeeper sells a shirt for Rs. 720, gaining 20%. What is the cost price?

A. Rs. 640

B. Rs. 600

C. Rs. 680

D. Rs. 560

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Question #317

Share Report

If the cost price of 8 articles is equal to the selling price of 6 articles, find the gain percent.

A. 33.33%

B. 30%

C. 20%

D. 25%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

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

This question belongs to: Maths Profit And Loss

Question #318

Share Report

A dealer sells a product for Rs. 380, losing 5%. What is the cost price?

A. Rs. 390

B. Rs. 400

C. Rs. 385

D. Rs. 410

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SP = 95% of CP => CP = 380 / 0.95 = 400.

This question belongs to: Maths Profit And Loss

Question #319

Share Report

A shopkeeper allows a discount of 10% on an article marked at Rs. 800. What is the selling price?

A. Rs. 740

B. Rs. 700

C. Rs. 760

D. Rs. 720

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 800 * 0.90 = 720.

This question belongs to: Maths Profit And Loss

Question #320

Share Report

A man buys a book for Rs. 150 and sells it for Rs. 180. What is the gain percent?

A. 18%

B. 25%

C. 15%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Gain = 30, gain% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

Profit And Loss MCQs

Practice Questions

More Maths Topics