Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #441

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A man buys 4 kg of apples for Rs. 160 and sells them at Rs. 50 per kg. What is the profit percentage?

A. 25%

B. 15%

C. 30%

D. 20%

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Correct Answer: Option A

Explanation:
CP per kg = 160/4 = 40, SP = 50, profit = 10, profit% = 10/40*100 = 25%.

This question belongs to: Maths Profit And Loss

Question #442

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If the cost price of 8 articles is equal to the selling price of 7 articles, find the gain percent.

A. 15%

B. 20%

C. 12.5%

D. 14.28%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 8 = 8, SP of 7 = 8 => SP of 1 = 8/7 = 1.1428, gain = 14.28%.

This question belongs to: Maths Profit And Loss

Question #443

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A shopkeeper sells a fan for Rs. 1080, losing 10%. Find the cost price.

A. Rs. 1100

B. Rs. 1200

C. Rs. 1150

D. Rs. 1250

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Correct Answer: Option B

Explanation:
SP = 90% of CP => CP = 1080 / 0.9 = 1200.

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Question #444

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A person sells an item at Rs. 800, gaining 25%. What is the cost price?

A. Rs. 660

B. Rs. 620

C. Rs. 640

D. Rs. 680

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Correct Answer: Option C

Explanation:
CP = 800 / 1.25 = 640.

This question belongs to: Maths Profit And Loss

Question #445

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If the selling price of an article is Rs. 210 and the loss is 16.67%, find the cost price.

A. Rs. 250

B. Rs. 252

C. Rs. 240

D. Rs. 260

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Correct Answer: Option B

Explanation:
SP = 83.33% of CP => CP = 210 / 0.8333 ≈ 252.

This question belongs to: Maths Profit And Loss

Question #446

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A dealer allows a discount of 15% on an article and still gains 20%. If the cost price is Rs. 400, find the marked price.

A. Rs. 540

B. Rs. 580

C. Rs. 564.71

D. Rs. 550

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Correct Answer: Option C

Explanation:
SP = 400*1.2 = 480. MP = 480 / 0.85 = 564.71.

This question belongs to: Maths Profit And Loss

Question #447

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A man sells a book for Rs. 190, losing 5%. Find the cost price.

A. Rs. 195

B. Rs. 200

C. Rs. 205

D. Rs. 210

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Correct Answer: Option B

Explanation:
SP = 95% of CP => CP = 190 / 0.95 = 200.

This question belongs to: Maths Profit And Loss

Question #448

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If the cost price of an article is Rs. 300 and it is sold at a profit of 20%, what is the selling price?

A. Rs. 360

B. Rs. 350

C. Rs. 370

D. Rs. 340

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Correct Answer: Option A

Explanation:
SP = 300 * 1.20 = 360.

This question belongs to: Maths Profit And Loss

Question #449

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A person buys a pair of shoes for Rs. 600 and sells them for Rs. 720. What is the gain percent?

A. 30%

B. 25%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 120, gain% = 120/600*100 = 20%.

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Question #450

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A trader gives a discount of 10% on the marked price and still gains 20%. If the cost price is Rs. 500, find the marked price.

A. Rs. 600

B. Rs. 650

C. Rs. 700

D. Rs. 666.67

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Correct Answer: Option D

Explanation:
SP = 500*1.2 = 600. MP = 600 / 0.9 = 666.67.

This question belongs to: Maths Profit And Loss

Question #451

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A man sells a watch for Rs. 880, gaining 10%. Find the cost price.

A. Rs. 780

B. Rs. 800

C. Rs. 840

D. Rs. 820

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Correct Answer: Option B

Explanation:
CP = 880 / 1.10 = 800.

This question belongs to: Maths Profit And Loss

Question #452

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If the cost price of an article is Rs. 150 and the selling price is Rs. 180, what is the profit percentage?

A. 25%

B. 20%

C. 18%

D. 15%

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Correct Answer: Option B

Explanation:
Profit = 30, profit% = 30/150*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #453

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A dealer sells a product for Rs. 920, losing 8%. Find the cost price.

A. Rs. 980

B. Rs. 950

C. Rs. 1000

D. Rs. 1020

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Correct Answer: Option C

Explanation:
SP = 92% of CP => CP = 920 / 0.92 = 1000.

This question belongs to: Maths Profit And Loss

Question #454

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If the selling price of an article is Rs. 540 and the profit is 35%, find the cost price.

A. Rs. 420

B. Rs. 380

C. Rs. 440

D. Rs. 400

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Correct Answer: Option D

Explanation:
CP = 540 / 1.35 = 400.

This question belongs to: Maths Profit And Loss

Question #455

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A shopkeeper allows a discount of 10% on an article marked at Rs. 450. What is the selling price?

A. Rs. 410

B. Rs. 415

C. Rs. 400

D. Rs. 405

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Correct Answer: Option D

Explanation:
SP = 450 * 0.9 = 405.

This question belongs to: Maths Profit And Loss

Question #456

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A person buys 10 kg of rice for Rs. 300 and sells at Rs. 36 per kg. What is the profit percentage?

A. 25%

B. 30%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
CP per kg = 300/10 = 30, SP = 36, profit = 6, profit% = 6/30*100 = 20%.

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Question #457

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If the cost price of 12 articles is equal to the selling price of 15 articles, find the loss percent.

A. 25%

B. 10%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 12 = 12, SP of 15 = 12 => SP of 1 = 12/15 = 0.8, loss = 20%.

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Question #458

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A man sells an article at a profit of 15%. If the cost price is Rs. 300, what is the selling price?

A. Rs. 360

B. Rs. 330

C. Rs. 340

D. Rs. 345

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Correct Answer: Option D

Explanation:
SP = 300 * 1.15 = 345.

This question belongs to: Maths Profit And Loss

Question #459

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A shopkeeper sells a book for Rs. 230, losing 8%. Find the cost price.

A. Rs. 240

B. Rs. 250

C. Rs. 260

D. Rs. 245

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Correct Answer: Option B

Explanation:
SP = 92% of CP => CP = 230 / 0.92 = 250.

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Question #460

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If the selling price of an article is Rs. 108 and the profit is 20%, find the cost price.

A. Rs. 85

B. Rs. 90

C. Rs. 100

D. Rs. 95

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Correct Answer: Option B

Explanation:
CP = 108 / 1.20 = 90.

This question belongs to: Maths Profit And Loss

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