Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #521

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A person sells a watch for Rs. 480, gaining 20%. Find the cost price.

A. Rs. 400

B. Rs. 420

C. Rs. 440

D. Rs. 380

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Correct Answer: Option A

Explanation:
CP = 480 / 1.20 = 400.

This question belongs to: Maths Profit And Loss

Question #522

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If the selling price of an article is Rs. 195 and the profit is 30%, find the cost price.

A. Rs. 170

B. Rs. 140

C. Rs. 150

D. Rs. 160

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Correct Answer: Option C

Explanation:
CP = 195 / 1.30 = 150.

This question belongs to: Maths Profit And Loss

Question #523

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A shopkeeper marks his goods 35% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 12%

C. 8%

D. 15%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 135, SP = 135*0.8 = 108, profit = 8%.

This question belongs to: Maths Profit And Loss

Question #524

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A man buys a bag for Rs. 300 and sells it for Rs. 360. What is the gain percent?

A. 30%

B. 20%

C. 25%

D. 15%

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Correct Answer: Option B

Explanation:
Gain = 60, gain% = 60/300*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #525

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If the cost price of an article is Rs. 400 and the selling price is Rs. 480, what is the profit percentage?

A. 20%

B. 15%

C. 25%

D. 30%

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Correct Answer: Option A

Explanation:
Profit = 80, profit% = 80/400*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #526

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A shopkeeper sells a fan for Rs. 660, losing 10%. Find the cost price.

A. Rs. 720

B. Rs. 700

C. Rs. 733.33

D. Rs. 750

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Correct Answer: Option C

Explanation:
SP = 90% of CP => CP = 660 / 0.9 = 733.33.

This question belongs to: Maths Profit And Loss

Question #527

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If the selling price of an article is Rs. 216 and the profit is 8%, find the cost price.

A. Rs. 210

B. Rs. 190

C. Rs. 200

D. Rs. 208

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Correct Answer: Option C

Explanation:
CP = 216 / 1.08 = 200.

This question belongs to: Maths Profit And Loss

Question #528

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A dealer gives a discount of 20% on an article and still gains 10%. If the cost price is Rs. 600, find the marked price.

A. Rs. 800

B. Rs. 900

C. Rs. 825

D. Rs. 850

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Correct Answer: Option C

Explanation:
SP = 600*1.1 = 660. MP = 660 / 0.8 = 825.

This question belongs to: Maths Profit And Loss

Question #529

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

A. Rs. 205

B. Rs. 195

C. Rs. 210

D. Rs. 200

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Correct Answer: Option D

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

This question belongs to: Maths Profit And Loss

Question #530

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If the cost price of an article is Rs. 310 and the selling price is Rs. 372, what is the profit percentage?

A. 25%

B. 15%

C. 18%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 62, profit% = 62/310*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #531

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A shopkeeper sells a watch for Rs. 780, gaining 30%. Find the cost price.

A. Rs. 620

B. Rs. 580

C. Rs. 640

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 780 / 1.30 = 600.

This question belongs to: Maths Profit And Loss

Question #532

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If the selling price of an article is Rs. 270 and the loss is 10%, find the cost price.

A. Rs. 310

B. Rs. 280

C. Rs. 290

D. Rs. 300

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Correct Answer: Option D

Explanation:
SP = 90% of CP => CP = 270 / 0.9 = 300.

This question belongs to: Maths Profit And Loss

Question #533

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A trader marks his goods 45% above cost and gives a discount of 25%. What is his profit percent?

A. 12%

B. 15%

C. 8.75%

D. 10%

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Correct Answer: Option C

Explanation:
Let CP = 100, MP = 145, SP = 145*0.75 = 108.75, profit = 8.75%.

This question belongs to: Maths Profit And Loss

Question #534

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A man sells an article for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 840

B. Rs. 780

C. Rs. 800

D. Rs. 820

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Correct Answer: Option C

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

Question #535

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If the cost price of 3 articles is equal to the selling price of 2 articles, find the gain percent.

A. 50%

B. 33.33%

C. 40%

D. 25%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 3 = 3, SP of 2 = 3 => SP of 1 = 3/2 = 1.5, gain = 50%.

This question belongs to: Maths Profit And Loss

Question #536

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A shopkeeper sells a product for Rs. 720, gaining 20%. Find the cost price.

A. Rs. 640

B. Rs. 620

C. Rs. 580

D. Rs. 600

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Correct Answer: Option D

Explanation:
CP = 720 / 1.20 = 600.

This question belongs to: Maths Profit And Loss

Question #537

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If the selling price of an article is Rs. 336 and the profit is 12%, find the cost price.

A. Rs. 300

B. Rs. 310

C. Rs. 320

D. Rs. 290

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Correct Answer: Option A

Explanation:
CP = 336 / 1.12 = 300.

This question belongs to: Maths Profit And Loss

Question #538

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A person buys a toy for Rs. 150 and sells it for Rs. 180. What is the profit percentage?

A. 18%

B. 20%

C. 15%

D. 25%

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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 #539

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If the cost price of an article is Rs. 660 and it is sold at a loss of 10%, what is the selling price?

A. Rs. 610

B. Rs. 580

C. Rs. 600

D. Rs. 594

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Correct Answer: Option D

Explanation:
Loss = 10% of 660 = 66, SP = 660 - 66 = 594.

This question belongs to: Maths Profit And Loss

Question #540

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A shopkeeper sells a book for Rs. 315, gaining 5%. Find the cost price.

A. Rs. 300

B. Rs. 320

C. Rs. 310

D. Rs. 290

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Correct Answer: Option A

Explanation:
CP = 315 / 1.05 = 300.

This question belongs to: Maths Profit And Loss

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