Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #361

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If the cost price of an article is Rs. 200 and the selling price is Rs. 250, what is the profit percentage?

A. 30%

B. 15%

C. 25%

D. 20%

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Correct Answer: Option C

Explanation:
Profit = 50, profit% = 50/200*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #362

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A dealer 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. 1150

B. Rs. 1200

C. Rs. 1300

D. Rs. 1250

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Correct Answer: Option B

Explanation:
SP = 700*1.2 = 840. MP = 840 / 0.7 = 1200.

This question belongs to: Maths Profit And Loss

Question #363

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A man sells an item for Rs. 450, gaining 12.5%. What is the cost price?

A. Rs. 410

B. Rs. 400

C. Rs. 380

D. Rs. 420

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Correct Answer: Option B

Explanation:
CP = 450 / 1.125 = 400.

This question belongs to: Maths Profit And Loss

Question #364

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If the selling price of 9 articles is equal to the cost price of 10 articles, find the gain percent.

A. 15%

B. 12%

C. 11.11%

D. 10%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1. CP of 10 = 10, SP of 9 = 10 => SP of 1 = 10/9 = 1.111, gain = 11.11%.

This question belongs to: Maths Profit And Loss

Question #365

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A shopkeeper buys a product for Rs. 360 and sells it for Rs. 432. What is the profit percentage?

A. 18%

B. 25%

C. 20%

D. 15%

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Correct Answer: Option C

Explanation:
Profit = 72, profit% = 72/360*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #366

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A person sells a watch for Rs. 1750, losing 30%. Find the cost price.

A. Rs. 2300

B. Rs. 2500

C. Rs. 2400

D. Rs. 2600

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Correct Answer: Option B

Explanation:
SP = 70% of CP => CP = 1750 / 0.7 = 2500.

This question belongs to: Maths Profit And Loss

Question #367

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If the cost price of an article is Rs. 540 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 660

B. Rs. 650

C. Rs. 700

D. Rs. 675

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Correct Answer: Option D

Explanation:
SP = 540 * 1.25 = 675.

This question belongs to: Maths Profit And Loss

Question #368

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A trader marks his goods 45% above cost and gives a discount of 20%. What is his profit percent?

A. 25%

B. 16%

C. 20%

D. 15%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 145, SP = 145*0.8 = 116, profit = 16%.

This question belongs to: Maths Profit And Loss

Question #369

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A man buys a dozen eggs for Rs. 36 and sells them at Rs. 4 per egg. What is the profit percentage?

A. 20%

B. 30%

C. 33.33%

D. 25%

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Correct Answer: Option C

Explanation:
CP per egg = 36/12 = 3. SP = 4. Profit = 1, profit% = 1/3*100 = 33.33%.

This question belongs to: Maths Profit And Loss

Question #370

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If the selling price of an article is Rs. 288 and the loss is 10%, find the cost price.

A. Rs. 320

B. Rs. 310

C. Rs. 340

D. Rs. 300

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 288 / 0.9 = 320.

This question belongs to: Maths Profit And Loss

Question #371

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A shopkeeper sells a book for Rs. 270, gaining 12.5%. Find the cost price.

A. Rs. 260

B. Rs. 250

C. Rs. 240

D. Rs. 230

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Correct Answer: Option C

Explanation:
CP = 270 / 1.125 = 240.

This question belongs to: Maths Profit And Loss

Question #372

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If the cost price of 7 articles is equal to the selling price of 5 articles, find the gain percent.

A. 25%

B. 20%

C. 40%

D. 30%

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Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 7 = 7, SP of 5 = 7 => SP of 1 = 7/5 = 1.4, gain = 40%.

This question belongs to: Maths Profit And Loss

Question #373

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A dealer sells a chair for Rs. 720, losing 20%. What is the cost price?

A. Rs. 900

B. Rs. 850

C. Rs. 950

D. Rs. 800

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Correct Answer: Option A

Explanation:
SP = 80% of CP => CP = 720 / 0.8 = 900.

This question belongs to: Maths Profit And Loss

Question #374

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A person buys a shirt for Rs. 500 and sells it for Rs. 400. What is the loss percentage?

A. 20%

B. 15%

C. 30%

D. 25%

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Correct Answer: Option A

Explanation:
Loss = 100, loss% = 100/500*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #375

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If the selling price of an article is Rs. 630 and the profit is 5%, find the cost price.

A. Rs. 590

B. Rs. 600

C. Rs. 620

D. Rs. 610

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Correct Answer: Option B

Explanation:
CP = 630 / 1.05 = 600.

This question belongs to: Maths Profit And Loss

Question #376

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A trader allows a discount of 20% on the marked price and still gains 25%. If the cost price is Rs. 800, find the marked price.

A. Rs. 1250

B. Rs. 1300

C. Rs. 1200

D. Rs. 1150

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Correct Answer: Option A

Explanation:
SP = 800*1.25 = 1000. MP = 1000 / 0.8 = 1250.

This question belongs to: Maths Profit And Loss

Question #377

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A man sold a mobile for Rs. 15000, gaining 25%. Find the cost price.

A. Rs. 12500

B. Rs. 12000

C. Rs. 13000

D. Rs. 11500

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Correct Answer: Option B

Explanation:
CP = 15000 / 1.25 = 12000.

This question belongs to: Maths Profit And Loss

Question #378

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If the cost price of an article is Rs. 420 and the selling price is Rs. 504, what is the profit percentage?

A. 20%

B. 15%

C. 25%

D. 18%

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Correct Answer: Option A

Explanation:
Profit = 84, profit% = 84/420*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #379

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A shopkeeper marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?

A. 8%

B. 4%

C. 6%

D. 10%

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Correct Answer: Option B

Explanation:
Let CP = 100, MP = 130, SP = 130*0.8 = 104, profit = 4%.

This question belongs to: Maths Profit And Loss

Question #380

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A person sells an article at a loss of 8%. If the selling price is Rs. 460, find the cost price.

A. Rs. 500

B. Rs. 490

C. Rs. 480

D. Rs. 520

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Correct Answer: Option A

Explanation:
SP = 92% of CP => CP = 460 / 0.92 = 500.

This question belongs to: Maths Profit And Loss

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