Profit and Loss MCQs
Profit and Loss MCQs
These Profit and Loss multiple-choice questions and their answers will help you strengthen your grip on the subject of Profit and Loss. You can prepare for an upcoming exam or job interview with these 30 Profit and Loss MCQs.
So scroll down and start answering.
1: If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books ?
A. 1800
B. 600
C. 1200
D. 1801
2: A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent
A. 1%
B. 2%
C. 3%
D. 4%
3: The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is
A. 25
B. 18
C. 15
D. 16
4: A TV is purchased at Rs. 5000 and sold at Rs. 4000, find the lost percent.
A. 28%
B. 10%
C. 20%
D. 25%
5: A farmer bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
A. 5
B. 6
C. 7
D. 2
6: A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.
A. 1200
B. 1260
C. 1280
D. 1240
7: Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is
A. 6/19%
B. 3 5/11%
C. 6/17%
D. 5 5/11%
8: If the cost price is 25% of selling price. Then what is the profit percent.
A. 150%
B. 200%
C. 300%
D. 400%
9: The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x
A. 16
B. 17
C. 18
D. 19
10: Souvik purchased 70kg vegetable at Rs. 420, then sold them at the rate of Rs. 6.50 per kg, find the profit percent.
A. 5 1/3/%
B. 6 1/3%
C. 7 1/3%
D. 8 1/3%
11: A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
A. 70.20
B. 72
C. 75
D. 80
12: 100 oranges are bought at the rate of Rs. 350 and sold at the rate of 48 per dozen. The percentage of profit is
A. 11 2/7%
B. 13 2/7%
C. 14 2/7%
D. 16 2/7%
13: A man buys an item at Rs. 1200 and sells it at the loss of 20 percent. Then what is the selling price of that item.
A. 860
B. 960
C. 660
D. 460
14: Sushil purchased a machine at Rs 10000, then got it repaired at Rs 5000, then gave its transportation charges Rs 1000. Then he sold it with 50% of profit. At what price he actually sold it.
A. 24000
B. 25500
C. 26000
D. 28000
15: A shopkeeper expects a gain of 45/2 % on his C.P. If his sale was Rs. 392, then find his profit.
A. 70
B. 71
C. 72
D. 73
16: A plot is sold for Rs. 18,700 with a loss of 15%. At what price it should be sold to get profit of 15%.
A. 25200
B. 25300
C. 25400
D. 25500
17: A shopkeeper sells a transistor at Rs. 840 at a gain of 20% and another for Rs. 960 at the loss of 4%. Find his total gain percent.
A. 5 12/17%
B. 5 13/17%
C. 5 14/17%
D. 5 15/17%
18: A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be.
A. 140%
B. 150%
C. 160%
D. 170%
19: If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is ?
A. 20%
B. 30%
C. 50%
D. 70%
20: In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit
A. 50%
B. 60%
C. 70%
D. None Of Above
21: The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25% then determine the value of x.
A. 16
B. 17
C. 18
D. 19
22: If the cost price of 12 items is equal to the selling price of 16 items, the loss percent is
A. 22%
B. 23%
C. 24%
D. 25%
23: A man bought an article and sold it at a gain of 5 %. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10%. The C.P. of the article was
A. 100
B. 200
C. 300
D. 400
24: A fruit seller sells mangoes at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%
A. 11.81
B. 12.81
C. 13.81
D. 14.81
25: If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265
A. 700
B. 800
C. 860
D. 950
26: A material is purchased for Rs. 600. If one fourth of the material is sold at a loss of 20% and the remaining at a gain of 10%, Find out the overall gain or loss percentage
A. 2 1/2
B. 3 1/2
C. 1 1/2
D. 4 1/2
27: A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is
A. 10%
B. 11%
C. 12%
D. 13%
28: A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400
A. 2%
B. 4%
C. 5%
D. 7%
29: The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs 3. The ratio of two selling prices is
A. 52:53
B. 53:54
C. 54:56
D. 55:54
30: A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is.
A. 19%
B. 20%
C. 21%
D. 22%
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