Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #421

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A trader marks his goods 35% above cost and gives a discount of 10%. What is his profit percent?

A. 18%

B. 20%

C. 25%

D. 21.5%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 135, SP = 135*0.9 = 121.5, profit = 21.5%.

This question belongs to: Maths Profit And Loss

Question #422

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A man sells a book for Rs. 220, losing 12%. What is the cost price?

A. Rs. 230

B. Rs. 250

C. Rs. 240

D. Rs. 260

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Correct Answer: Option B

Explanation:
SP = 88% of CP => CP = 220 / 0.88 = 250.

This question belongs to: Maths Profit And Loss

Question #423

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A shopkeeper sells a watch for Rs. 990, gaining 10%. Find the cost price.

A. Rs. 950

B. Rs. 880

C. Rs. 900

D. Rs. 920

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Correct Answer: Option C

Explanation:
CP = 990 / 1.10 = 900.

This question belongs to: Maths Profit And Loss

Question #424

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A person buys a toy for Rs. 250 and sells it for Rs. 200. What is the loss percentage?

A. 25%

B. 20%

C. 30%

D. 15%

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Correct Answer: Option B

Explanation:
Loss = 50, loss% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #425

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If the selling price of an article is Rs. 390 and the profit is 30%, find the cost price.

A. Rs. 320

B. Rs. 290

C. Rs. 310

D. Rs. 300

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Correct Answer: Option D

Explanation:
CP = 390 / 1.30 = 300.

This question belongs to: Maths Profit And Loss

Question #426

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A dealer marks his goods 45% above cost and gives a discount of 15%. What is his profit percent?

A. 23.25%

B. 20%

C. 25%

D. 18%

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 145, SP = 145*0.85 = 123.25, profit = 23.25%.

This question belongs to: Maths Profit And Loss

Question #427

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A man sells an article for Rs. 735, gaining 5%. Find the cost price.

A. Rs. 740

B. Rs. 700

C. Rs. 720

D. Rs. 680

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Correct Answer: Option B

Explanation:
CP = 735 / 1.05 = 700.

This question belongs to: Maths Profit And Loss

Question #428

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If the cost price of 5 articles is equal to the selling price of 4 articles, find the gain percent.

A. 20%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option B

Explanation:
Let CP of 1 = 1, CP of 5 = 5, SP of 4 = 5 => SP of 1 = 5/4 = 1.25, gain = 25%.

This question belongs to: Maths Profit And Loss

Question #429

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A shopkeeper sells a bag for Rs. 380, losing 5%. Find the cost price.

A. Rs. 390

B. Rs. 400

C. Rs. 410

D. Rs. 385

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Correct Answer: Option B

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

This question belongs to: Maths Profit And Loss

Question #430

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If the selling price of an article is Rs. 504 and the profit is 12%, find the cost price.

A. Rs. 450

B. Rs. 460

C. Rs. 440

D. Rs. 470

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Correct Answer: Option A

Explanation:
CP = 504 / 1.12 = 450.

This question belongs to: Maths Profit And Loss

Question #431

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A trader allows a discount of 20% on the marked price and still gains 15%. If the cost price is Rs. 600, find the marked price.

A. Rs. 862.5

B. Rs. 850

C. Rs. 900

D. Rs. 875

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Correct Answer: Option A

Explanation:
SP = 600*1.15 = 690. MP = 690 / 0.8 = 862.5.

This question belongs to: Maths Profit And Loss

Question #432

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A person buys a camera for Rs. 8000 and sells it for Rs. 7200. What is the loss percentage?

A. 15%

B. 12%

C. 10%

D. 8%

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Correct Answer: Option C

Explanation:
Loss = 800, loss% = 800/8000*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #433

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If the cost price of an article is Rs. 420 and it is sold at a profit of 15%, what is the selling price?

A. Rs. 470

B. Rs. 483

C. Rs. 490

D. Rs. 500

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Correct Answer: Option B

Explanation:
SP = 420 * 1.15 = 483.

This question belongs to: Maths Profit And Loss

Question #434

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A shopkeeper marks his goods 30% above cost and gives a discount of 25%. What is his profit or loss percent?

A. No profit no loss

B. Profit 2.5%

C. Loss 5%

D. Loss 2.5%

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Correct Answer: Option D

Explanation:
Let CP = 100, MP = 130, SP = 130*0.75 = 97.5, loss = 2.5%.

This question belongs to: Maths Profit And Loss

Question #435

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A man sells a watch for Rs. 650, gaining 30%. Find the cost price.

A. Rs. 480

B. Rs. 520

C. Rs. 500

D. Rs. 550

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Correct Answer: Option C

Explanation:
CP = 650 / 1.30 = 500.

This question belongs to: Maths Profit And Loss

Question #436

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If the selling price of an article is Rs. 315 and the loss is 10%, find the cost price.

A. Rs. 330

B. Rs. 340

C. Rs. 350

D. Rs. 360

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Correct Answer: Option C

Explanation:
SP = 90% of CP => CP = 315 / 0.9 = 350.

This question belongs to: Maths Profit And Loss

Question #437

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

A. Rs. 230

B. Rs. 260

C. Rs. 240

D. Rs. 250

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Correct Answer: Option C

Explanation:
CP = 270 / 1.125 = 240.

This question belongs to: Maths Profit And Loss

Question #438

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A shopkeeper sells a shirt for Rs. 280, gaining 40%. Find the cost price.

A. Rs. 200

B. Rs. 180

C. Rs. 220

D. Rs. 240

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Correct Answer: Option A

Explanation:
CP = 280 / 1.40 = 200.

This question belongs to: Maths Profit And Loss

Question #439

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If the selling price of an article is Rs. 160 and the profit is 25%, find the cost price.

A. Rs. 135

B. Rs. 130

C. Rs. 125

D. Rs. 128

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Correct Answer: Option D

Explanation:
CP = 160 / 1.25 = 128.

This question belongs to: Maths Profit And Loss

Question #440

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A trader marks his goods 50% above cost and gives a discount of 40%. What is his profit or loss percent?

A. Loss 10%

B. Loss 5%

C. Profit 10%

D. No profit no loss

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Correct Answer: Option A

Explanation:
Let CP = 100, MP = 150, SP = 150*0.6 = 90, loss = 10%.

This question belongs to: Maths Profit And Loss

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