Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #541

Share Report

If the selling price of an article is Rs. 380 and the loss is 5%, find the cost price.

A. Rs. 400

B. Rs. 385

C. Rs. 410

D. Rs. 390

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

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

This question belongs to: Maths Profit And Loss

Question #542

Share Report

A trader marks his goods 30% above cost and gives a discount of 20%. What is his profit percent?

A. 10%

B. 8%

C. 6%

D. 4%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let CP = 100, MP = 130, SP = 130*0.8 = 104, profit = 4%.

This question belongs to: Maths Profit And Loss

Question #543

Share Report

A man sells an item for Rs. 570, gaining 14%. Find the cost price.

A. Rs. 520

B. Rs. 480

C. Rs. 540

D. Rs. 500

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 570 / 1.14 = 500.

This question belongs to: Maths Profit And Loss

Question #544

Share Report

If the cost price of an article is Rs. 240 and the selling price is Rs. 288, what is the profit percentage?

A. 18%

B. 20%

C. 25%

D. 15%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Profit = 48, profit% = 48/240*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #545

Share Report

A shopkeeper sells a bag for Rs. 600, losing 25%. Find the cost price.

A. Rs. 780

B. Rs. 850

C. Rs. 750

D. Rs. 800

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 75% of CP => CP = 600 / 0.75 = 800.

This question belongs to: Maths Profit And Loss

Question #546

Share Report

If the selling price of an article is Rs. 294 and the profit is 40%, find the cost price.

A. Rs. 200

B. Rs. 220

C. Rs. 230

D. Rs. 210

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
CP = 294 / 1.40 = 210.

This question belongs to: Maths Profit And Loss

Question #547

Share Report

A dealer marks his goods 50% above cost and gives a discount of 30%. What is his profit percent?

A. 5%

B. 15%

C. 20%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP = 100, MP = 150, SP = 150*0.7 = 105, profit = 5%.

This question belongs to: Maths Profit And Loss

Question #548

Share Report

A person sells a watch for Rs. 900, gaining 12.5%. Find the cost price.

A. Rs. 820

B. Rs. 780

C. Rs. 800

D. Rs. 840

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 900 / 1.125 = 800.

This question belongs to: Maths Profit And Loss

Question #549

Share Report

If the cost price of 11 articles is equal to the selling price of 10 articles, find the gain percent.

A. 12%

B. 15%

C. 8%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Let CP of 1 = 1, CP of 11 = 11, SP of 10 = 11 => SP of 1 = 11/10 = 1.1, gain = 10%.

This question belongs to: Maths Profit And Loss

Question #550

Share Report

If the selling price of an article is Rs. 340 and the loss is 15%, find the cost price.

A. Rs. 410

B. Rs. 390

C. Rs. 380

D. Rs. 400

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
SP = 85% of CP => CP = 340 / 0.85 = 400.

This question belongs to: Maths Profit And Loss

Question #551

Share Report

A trader allows a discount of 18% on the marked price and still gains 18%. If the cost price is Rs. 600, find the marked price.

A. Rs. 875

B. Rs. 863.41

C. Rs. 900

D. Rs. 850

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
SP = 600*1.18 = 708. MP = 708 / 0.82 = 863.41.

This question belongs to: Maths Profit And Loss

Question #552

Share Report

A man buys a shirt for Rs. 250 and sells it for Rs. 300. What is the gain percent?

A. 25%

B. 15%

C. 20%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
Gain = 50, gain% = 50/250*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #553

Share Report

If the cost price of an article is Rs. 600 and the selling price is Rs. 720, what is the profit percentage?

A. 25%

B. 20%

C. 15%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Profit = 120, profit% = 120/600*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #554

Share Report

If the selling price of an article is Rs. 312 and the profit is 20%, find the cost price.

A. Rs. 280

B. Rs. 250

C. Rs. 260

D. Rs. 270

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option C

Explanation:
CP = 312 / 1.20 = 260.

This question belongs to: Maths Profit And Loss

Question #555

Share Report

A dealer marks his goods 55% above cost and gives a discount of 30%. What is his profit percent?

A. 8.5%

B. 12%

C. 15%

D. 10%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Let CP = 100, MP = 155, SP = 155*0.7 = 108.5, profit = 8.5%.

This question belongs to: Maths Profit And Loss

Question #556

Share Report

A person sells an article for Rs. 540, gaining 35%. Find the cost price.

A. Rs. 400

B. Rs. 380

C. Rs. 420

D. Rs. 440

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
CP = 540 / 1.35 = 400.

This question belongs to: Maths Profit And Loss

Question #557

Share Report

A shopkeeper bought an article for Rs. 500 and sold it for Rs. 600. What is his profit percentage?

A. 10%

B. 15%

C. 25%

D. 20%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option D

Explanation:
Profit = Selling Price (SP) - Cost Price (CP) = 600 - 500 = 100. Profit Percentage = (Profit / CP) * 100 = (100 / 500) * 100 = 20%.

This question belongs to: Maths Profit And Loss

Question #558

Share Report

An item is sold for Rs. 720 at a loss of 10%. What was the cost price of the item?

A. Rs. 850

B. Rs. 800

C. Rs. 750

D. Rs. 810

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Selling Price is 90% of the Cost Price due to a 10% loss. So, 0.90 * CP = 720. CP = 720 / 0.90 = Rs. 800.

This question belongs to: Maths Profit And Loss

Question #559

Share Report

A man buys a watch for Rs. 1200 and sells it at a profit of 25%. What is the selling price of the watch?

A. Rs. 1500

B. Rs. 1400

C. Rs. 1450

D. Rs. 1600

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
Profit = 25% of 1200 = 300. Selling Price = Cost Price + Profit = 1200 + 300 = Rs. 1500.

This question belongs to: Maths Profit And Loss

Question #560

Share Report

If the selling price of an article is Rs. 960 and the profit earned is 20%, what is the cost price?

A. Rs. 700

B. Rs. 800

C. Rs. 900

D. Rs. 840

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Selling Price = 120% of Cost Price. Therefore, 1.2 * CP = 960. CP = 960 / 1.2 = Rs. 800.

This question belongs to: Maths Profit And Loss

Profit And Loss MCQs

Practice Questions

More Maths Topics