Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #461

Share Report

A trader marks his goods 25% above cost and gives a discount of 12%. What is his profit percent?

A. 15%

B. 8%

C. 12%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let CP = 100, MP = 125, SP = 125*0.88 = 110, profit = 10%.

This question belongs to: Maths Profit And Loss

Question #462

Share Report

A person sells a table for Rs. 1200, gaining 20%. Find the cost price.

A. Rs. 1050

B. Rs. 980

C. Rs. 1020

D. Rs. 1000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 1200 / 1.20 = 1000.

This question belongs to: Maths Profit And Loss

Question #463

Share Report

If the selling price of an article is Rs. 375 and the loss is 25%, find the cost price.

A. Rs. 450

B. Rs. 500

C. Rs. 480

D. Rs. 520

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SP = 75% of CP => CP = 375 / 0.75 = 500.

This question belongs to: Maths Profit And Loss

Question #464

Share Report

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

A. 8%

B. 5%

C. 2%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let CP = 100, MP = 170, SP = 170*0.6 = 102, profit = 2%.

This question belongs to: Maths Profit And Loss

Question #465

Share Report

A man buys a chair for Rs. 400 and sells it for Rs. 460. What is the gain percent?

A. 12%

B. 20%

C. 10%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Gain = 60, gain% = 60/400*100 = 15%.

This question belongs to: Maths Profit And Loss

Question #466

Share Report

If the cost price of 7 articles is equal to the selling price of 6 articles, find the gain percent.

A. 15%

B. 12%

C. 16.67%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Let CP of 1 = 1, CP of 7 = 7, SP of 6 = 7 => SP of 1 = 7/6 = 1.1667, gain = 16.67%.

This question belongs to: Maths Profit And Loss

Question #467

Share Report

A shopkeeper sells a product for Rs. 770, gaining 10%. Find the cost price.

A. Rs. 720

B. Rs. 700

C. Rs. 750

D. Rs. 680

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
CP = 770 / 1.10 = 700.

This question belongs to: Maths Profit And Loss

Question #468

Share Report

If the selling price of an article is Rs. 234 and the profit is 30%, find the cost price.

A. Rs. 180

B. Rs. 170

C. Rs. 190

D. Rs. 200

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 234 / 1.30 = 180.

This question belongs to: Maths Profit And Loss

Question #469

Share Report

A trader allows a discount of 25% on the marked price and still gains 25%. If the cost price is Rs. 600, find the marked price.

A. Rs. 1000

B. Rs. 950

C. Rs. 1050

D. Rs. 900

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
SP = 600*1.25 = 750. MP = 750 / 0.75 = 1000.

This question belongs to: Maths Profit And Loss

Question #470

Share Report

A person sells a book for Rs. 150, losing 25%. Find the cost price.

A. Rs. 210

B. Rs. 200

C. Rs. 180

D. Rs. 190

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SP = 75% of CP => CP = 150 / 0.75 = 200.

This question belongs to: Maths Profit And Loss

Question #471

Share Report

If the cost price of an article is Rs. 720 and it is sold at a profit of 25%, what is the selling price?

A. Rs. 920

B. Rs. 880

C. Rs. 900

D. Rs. 850

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 720 * 1.25 = 900.

This question belongs to: Maths Profit And Loss

Question #472

Share Report

A shopkeeper marks his goods 40% above cost and gives a discount of 10%. What is his profit percent?

A. 30%

B. 26%

C. 25%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Let CP = 100, MP = 140, SP = 140*0.9 = 126, profit = 26%.

This question belongs to: Maths Profit And Loss

Question #473

Share Report

A man sells a watch for Rs. 560, gaining 12%. Find the cost price.

A. Rs. 480

B. Rs. 540

C. Rs. 520

D. Rs. 500

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 560 / 1.12 = 500.

This question belongs to: Maths Profit And Loss

Question #474

Share Report

If the selling price of an article is Rs. 306 and the loss is 15%, find the cost price.

A. Rs. 370

B. Rs. 350

C. Rs. 360

D. Rs. 340

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
SP = 85% of CP => CP = 306 / 0.85 = 360.

This question belongs to: Maths Profit And Loss

Question #475

Share Report

A dealer sells a product for Rs. 680, gaining 36%. Find the cost price.

A. Rs. 540

B. Rs. 520

C. Rs. 500

D. Rs. 480

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 680 / 1.36 = 500.

This question belongs to: Maths Profit And Loss

Question #476

Share Report

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

A. 11.11%

B. 10%

C. 15%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

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 #477

Share Report

A shopkeeper sells a bag for Rs. 480, losing 20%. Find the cost price.

A. Rs. 620

B. Rs. 560

C. Rs. 580

D. Rs. 600

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 80% of CP => CP = 480 / 0.8 = 600.

This question belongs to: Maths Profit And Loss

Question #478

Share Report

A person buys a shirt for Rs. 350 and sells it for Rs. 420. What is the profit percentage?

A. 18%

B. 15%

C. 25%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Profit = 70, profit% = 70/350*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #479

Share Report

If the selling price of an article is Rs. 176 and the profit is 10%, find the cost price.

A. Rs. 165

B. Rs. 155

C. Rs. 170

D. Rs. 160

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 176 / 1.10 = 160.

This question belongs to: Maths Profit And Loss

Question #480

Share Report

A trader marks his goods 30% above cost and gives a discount of 10%. What is his profit percent?

A. 17%

B. 15%

C. 20%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP = 100, MP = 130, SP = 130*0.9 = 117, profit = 17%.

This question belongs to: Maths Profit And Loss

Profit And Loss MCQs

Practice Questions

More Maths Topics