Profit and Loss MCQs with Answers and Explanations for Competitive Exams

Question #141

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A man buys an article for Rs. 200 and sells it for Rs. 240. What is the gain percent?

A. 25%

B. 18%

C. 15%

D. 20%

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Correct Answer: Option D

Explanation:
Gain = 40, gain% = (40/200)*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #142

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If the selling price is Rs. 550 and the profit is 10%, find the cost price.

A. Rs. 495

B. Rs. 510

C. Rs. 505

D. Rs. 500

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Correct Answer: Option D

Explanation:
SP = 1.1 CP => CP = 550 / 1.1 = 500.

This question belongs to: Maths Profit And Loss

Question #143

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A trader gives a discount of 20% on the marked price and still gains 20%. If the marked price is Rs. 1500, what is the cost price?

A. Rs. 1200

B. Rs. 1000

C. Rs. 900

D. Rs. 1100

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Correct Answer: Option B

Explanation:
SP = 1500*0.8 = 1200. CP = 1200/1.2 = 1000.

This question belongs to: Maths Profit And Loss

Question #144

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The cost price of an article is Rs. 400. If it is sold at a loss of 5%, what is the selling price?

A. Rs. 390

B. Rs. 380

C. Rs. 385

D. Rs. 370

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Correct Answer: Option B

Explanation:
Loss = 5% of 400 = 20, SP = 400 - 20 = 380.

This question belongs to: Maths Profit And Loss

Question #145

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A person purchased an item for Rs. 1500 and sold it at a profit of 12%. What is the selling price?

A. Rs. 1720

B. Rs. 1620

C. Rs. 1680

D. Rs. 1580

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Correct Answer: Option C

Explanation:
SP = 1500 * 1.12 = 1680.

This question belongs to: Maths Profit And Loss

Question #146

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If the cost price is Rs. 300 and the selling price is Rs. 270, what is the loss percentage?

A. 9%

B. 10%

C. 12%

D. 8%

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Correct Answer: Option B

Explanation:
Loss = 30, loss% = (30/300)*100 = 10%.

This question belongs to: Maths Profit And Loss

Question #147

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A shopkeeper marks his goods 30% above cost price and allows a discount of 10%. What is his profit percentage?

A. 15%

B. 17%

C. 20%

D. 18%

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Correct Answer: Option B

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

This question belongs to: Maths Profit And Loss

Question #148

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An article is sold at Rs. 280 at a loss of 20%. What is its cost price?

A. Rs. 360

B. Rs. 320

C. Rs. 350

D. Rs. 340

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Correct Answer: Option C

Explanation:
SP = 80% of CP => CP = 280/0.8 = 350.

This question belongs to: Maths Profit And Loss

Question #149

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

A. 25%

B. 30%

C. 20%

D. 15%

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Correct Answer: Option A

Explanation:
Let CP of 1 = 1, CP of 15 =15, SP of 12 =15 => SP of 1 =15/12=1.25. Profit =25%.

This question belongs to: Maths Profit And Loss

Question #150

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A man sells an article at a profit of 25%. If he had bought it at 20% less and sold it for Rs. 10 less, he would have gained 30%. Find the cost price of the article.

A. Rs. 250

B. Rs. 220

C. Rs. 180

D. Rs. 200

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Correct Answer: Option D

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Question #151

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What is the selling price of an article if its cost price is Rs. 750 and the profit is 8%?

A. Rs. 800

B. Rs. 780

C. Rs. 810

D. Rs. 820

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Correct Answer: Option C

Explanation:
SP = 750 * 1.08 = 810.

This question belongs to: Maths Profit And Loss

Question #152

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A vendor sells oranges at Rs. 60 per dozen and makes a profit of 20%. What is the cost price per dozen?

A. Rs. 45

B. Rs. 48

C. Rs. 52

D. Rs. 50

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Correct Answer: Option D

Explanation:
SP = 1.2 CP => CP = 60/1.2 = 50.

This question belongs to: Maths Profit And Loss

Question #153

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An item is marked at Rs. 750 and sold at a discount of 12%. What is the selling price?

A. Rs. 640

B. Rs. 700

C. Rs. 680

D. Rs. 660

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Correct Answer: Option D

Explanation:
SP = 750 * 0.88 = 660.

This question belongs to: Maths Profit And Loss

Question #154

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A trader buys an article for Rs. 1200 and marks it 25% above cost. He gives a discount of 10%. Find his profit percent.

A. 10%

B. 14%

C. 12.5%

D. 15%

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Correct Answer: Option C

Explanation:
MP = 1200*1.25 = 1500. SP = 1500*0.9 = 1350. Profit = 150, profit% = (150/1200)*100 = 12.5%.

This question belongs to: Maths Profit And Loss

Question #155

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A shopkeeper sells a TV at Rs. 12000, incurring a loss of 20%. What is the cost price of the TV?

A. Rs. 14500

B. Rs. 15000

C. Rs. 14000

D. Rs. 16000

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Correct Answer: Option B

Explanation:
SP = 80% of CP => CP = 12000/0.8 = 15000.

This question belongs to: Maths Profit And Loss

Question #156

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If a man sells an article at a gain of 15%, he gets Rs. 45 more than when he sells at a loss of 10%. Find the cost price.

A. Rs. 220

B. Rs. 180

C. Rs. 200

D. Rs. 160

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Correct Answer: Option B

Explanation:
Let CP = x. 1.15x - 0.9x = 45 => 0.25x = 45 => x = 180.

This question belongs to: Maths Profit And Loss

Question #157

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

A. Rs. 780

B. Rs. 840

C. Rs. 800

D. Rs. 820

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Correct Answer: Option C

Explanation:
CP = 960 / 1.2 = 800.

This question belongs to: Maths Profit And Loss

Question #158

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A person bought a cycle for Rs. 2000 and sold it for Rs. 2400. What is his profit percentage?

A. 25%

B. 15%

C. 30%

D. 20%

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Correct Answer: Option D

Explanation:
Profit = 400, profit% = 400/2000*100 = 20%.

This question belongs to: Maths Profit And Loss

Question #159

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If the cost price of an article is Rs. 500 and the selling price is Rs. 450, what is the loss percentage?

A. 12%

B. 10%

C. 8%

D. 15%

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Correct Answer: Option B

Explanation:
Loss = 50, loss% = 50/500*100 = 10%.

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Question #160

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A shopkeeper allows a discount of 25% on his goods and still makes a profit of 25%. If the cost price is Rs. 600, what is the marked price?

A. Rs. 900

B. Rs. 950

C. Rs. 1100

D. Rs. 1000

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Correct Answer: Option D

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

This question belongs to: Maths Profit And Loss

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