Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #401

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A shopkeeper sells a fan for Rs. 800, losing 20%. Find the cost price.

A. Rs. 950

B. Rs. 900

C. Rs. 1050

D. Rs. 1000

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Correct Answer: Option D

Explanation:
SP = 80% of CP => CP = 800 / 0.8 = 1000.

This question belongs to: Maths Profit And Loss

Question #402

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A person buys 3 pens for Rs. 15 and sells 2 pens for Rs. 12. What is the profit percentage?

A. 25%

B. 15%

C. 20%

D. 30%

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Correct Answer: Option C

Explanation:
CP per pen = 15/3 = 5. SP per pen = 12/2 = 6. Profit = 1, profit% = 1/5*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #403

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If the selling price of an article is Rs. 330 and the profit is 10%, find the cost price.

A. Rs. 320

B. Rs. 310

C. Rs. 290

D. Rs. 300

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Correct Answer: Option D

Explanation:
CP = 330 / 1.10 = 300.

This question belongs to: Maths Profit And Loss

Question #404

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A dealer allows a discount of 10% on the marked price and still gains 15%. If the cost price is Rs. 500, find the marked price.

A. Rs. 700

B. Rs. 650

C. Rs. 600

D. Rs. 638.89

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Correct Answer: Option D

Explanation:
SP = 500*1.15 = 575. MP = 575 / 0.9 = 638.89.

This question belongs to: Maths Profit And Loss

Question #405

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A man sells an article at a profit of 18%. If the cost price is Rs. 250, what is the selling price?

A. Rs. 285

B. Rs. 290

C. Rs. 295

D. Rs. 300

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Correct Answer: Option C

Explanation:
SP = 250 * 1.18 = 295.

This question belongs to: Maths Profit And Loss

Question #406

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If the cost price of 9 articles is equal to the selling price of 11 articles, find the loss percent.

A. 15%

B. 12%

C. 20%

D. 18.18%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 9 = 9, SP of 11 = 9 => SP of 1 = 9/11 = 0.818, loss = (1-0.818)*100 = 18.18%.

This question belongs to: Maths Profit And Loss

Question #407

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A shopkeeper sells a product for Rs. 630, losing 10%. Find the cost price.

A. Rs. 700

B. Rs. 720

C. Rs. 650

D. Rs. 680

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Correct Answer: Option A

Explanation:
SP = 90% of CP => CP = 630 / 0.9 = 700.

This question belongs to: Maths Profit And Loss

Question #408

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If the selling price of an article is Rs. 468 and the profit is 30%, find the cost price.

A. Rs. 340

B. Rs. 400

C. Rs. 380

D. Rs. 360

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Correct Answer: Option D

Explanation:
CP = 468 / 1.30 = 360.

This question belongs to: Maths Profit And Loss

Question #409

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A trader marks his goods 60% above cost and gives a discount of 30%. What is his profit percent?

A. 12%

B. 18%

C. 15%

D. 10%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 160, SP = 160*0.7 = 112, profit = 12%.

This question belongs to: Maths Profit And Loss

Question #410

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A person bought a chair for Rs. 800 and sold it for Rs. 640. What is the loss percentage?

A. 25%

B. 15%

C. 30%

D. 20%

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Correct Answer: Option D

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

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Question #411

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A shopkeeper sells a book for Rs. 440, gaining 10%. Find the cost price.

A. Rs. 380

B. Rs. 420

C. Rs. 410

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 440 / 1.10 = 400.

This question belongs to: Maths Profit And Loss

Question #412

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A dealer 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. 1100

B. Rs. 1000

C. Rs. 1200

D. Rs. 1300

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Correct Answer: Option C

Explanation:
SP = 600*1.2 = 720. MP = 720 / 0.6 = 1200.

This question belongs to: Maths Profit And Loss

Question #413

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A man sells an item for Rs. 600, gaining 20%. What is the cost price?

A. Rs. 550

B. Rs. 520

C. Rs. 500

D. Rs. 480

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Correct Answer: Option C

Explanation:
CP = 600 / 1.20 = 500.

This question belongs to: Maths Profit And Loss

Question #414

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If the selling price of an article is Rs. 105 and the loss is 30%, find the cost price.

A. Rs. 160

B. Rs. 145

C. Rs. 150

D. Rs. 140

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Correct Answer: Option C

Explanation:
SP = 70% of CP => CP = 105 / 0.7 = 150.

This question belongs to: Maths Profit And Loss

Question #415

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A shopkeeper marks his goods 25% above cost and gives a discount of 5%. What is his profit percent?

A. 15%

B. 12%

C. 20%

D. 18.75%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 125, SP = 125*0.95 = 118.75, profit = 18.75%.

This question belongs to: Maths Profit And Loss

Question #416

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A person buys 5 kg of sugar at Rs. 35 per kg and sells at Rs. 42 per kg. What is the profit percentage?

A. 25%

B. 20%

C. 30%

D. 15%

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Correct Answer: Option B

Explanation:
CP = 5*35 = 175, SP = 5*42 = 210, profit = 35, profit% = 35/175*100 = 20%.

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Question #417

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If the cost price of 10 articles is equal to the selling price of 12 articles, find the loss percent.

A. 10%

B. 20%

C. 15%

D. 16.67%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 10 = 10, SP of 12 = 10 => SP of 1 = 10/12 = 0.833, loss = 16.67%.

This question belongs to: Maths Profit And Loss

Question #418

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A dealer sells a TV for Rs. 13500, losing 10%. Find the cost price.

A. Rs. 14000

B. Rs. 15500

C. Rs. 14500

D. Rs. 15000

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 13500 / 0.9 = 15000.

This question belongs to: Maths Profit And Loss

Question #419

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A shopkeeper sells a shirt for Rs. 350, gaining 40%. Find the cost price.

A. Rs. 260

B. Rs. 270

C. Rs. 240

D. Rs. 250

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Correct Answer: Option D

Explanation:
CP = 350 / 1.40 = 250.

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Question #420

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If the selling price of an article is Rs. 240 and the profit is 20%, find the cost price.

A. Rs. 200

B. Rs. 220

C. Rs. 190

D. Rs. 210

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Correct Answer: Option A

Explanation:
CP = 240 / 1.20 = 200.

This question belongs to: Maths Profit And Loss

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