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Profit & Loss MCQs

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Profit & Loss

Profit & Loss MCQs With Answers

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CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 2100 and is sold at a profit of 25%. What is the selling price?
A. Rs. 1575
B. Rs. 3150
C. Rs. 2125
D. Rs. 2625
Correct Answer: D
Profit = 25% of 2100 = 525; selling price = 2100+525 = Rs. 2625.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 1200 at a profit of 15%. What was its cost price?
A. Rs. 1020
B. Rs. 1215
C. Rs. 1185
D. Rs. 1043.48
Correct Answer: D
CP = SP × 100/(100+profit%) = 1200×100/115 = Rs. 1043.48.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 540 and sells it for Rs. 470. What is the loss percentage?
A. 17.0%
B. 14.9%
C. 13.0%
D. 70.0%
Correct Answer: C
Loss = 540−470=70; loss% = 70/540×100 = 13.0%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 370 and sold for Rs. 440. What is the profit percentage?
A. 70.0%
B. 15.9%
C. 23.9%
D. 18.9%
Correct Answer: D
Profit = 440−370=70; profit% = 70/370×100 = 18.9%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 200 is sold at a loss of 35%. Find the selling price.
A. Rs. 270
B. Rs. 130
C. Rs. 165
D. Rs. 60
Correct Answer: B
Loss = 35% of 200 = 70; SP = 200−70 = Rs. 130.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 1840 and is sold at a profit of 30%. What is the selling price?
A. Rs. 2944
B. Rs. 1870
C. Rs. 1288
D. Rs. 2392
Correct Answer: D
Profit = 30% of 1840 = 552; selling price = 1840+552 = Rs. 2392.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 1080 at a profit of 25%. What was its cost price?
A. Rs. 810
B. Rs. 864
C. Rs. 1055
D. Rs. 1105
Correct Answer: B
CP = SP × 100/(100+profit%) = 1080×100/125 = Rs. 864.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1330 and sells it for Rs. 1200. What is the loss percentage?
A. 130.0%
B. 13.8%
C. 9.8%
D. 10.8%
Correct Answer: C
Loss = 1330−1200=130; loss% = 130/1330×100 = 9.8%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1160 and sold for Rs. 1320. What is the profit percentage?
A. 160.0%
B. 18.8%
C. 13.8%
D. 12.1%
Correct Answer: C
Profit = 1320−1160=160; profit% = 160/1160×100 = 13.8%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1980 is sold at a loss of 5%. Find the selling price.
A. Rs. 2079
B. Rs. 1881
C. Rs. 1782
D. Rs. 1975
Correct Answer: B
Loss = 5% of 1980 = 99; SP = 1980−99 = Rs. 1881.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 820 and is sold at a profit of 35%. What is the selling price?
A. Rs. 1394
B. Rs. 1107
C. Rs. 855
D. Rs. 533
Correct Answer: B
Profit = 35% of 820 = 287; selling price = 820+287 = Rs. 1107.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 960 at a profit of 15%. What was its cost price?
A. Rs. 975
B. Rs. 945
C. Rs. 816
D. Rs. 834.78
Correct Answer: D
CP = SP × 100/(100+profit%) = 960×100/115 = Rs. 834.78.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 310 and sells it for Rs. 240. What is the loss percentage?
A. 29.2%
B. 70.0%
C. 26.6%
D. 22.6%
Correct Answer: D
Loss = 310−240=70; loss% = 70/310×100 = 22.6%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1950 and sold for Rs. 2050. What is the profit percentage?
A. 5.1%
B. 4.9%
C. 10.1%
D. 100.0%
Correct Answer: A
Profit = 2050−1950=100; profit% = 100/1950×100 = 5.1%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1780 is sold at a loss of 10%. Find the selling price.
A. Rs. 1424
B. Rs. 1770
C. Rs. 1958
D. Rs. 1602
Correct Answer: D
Loss = 10% of 1780 = 178; SP = 1780−178 = Rs. 1602.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 3220 and is sold at a profit of 5%. What is the selling price?
A. Rs. 3225
B. Rs. 3059
C. Rs. 3381
D. Rs. 3542
Correct Answer: C
Profit = 5% of 3220 = 161; selling price = 3220+161 = Rs. 3381.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 840 at a profit of 25%. What was its cost price?
A. Rs. 865
B. Rs. 815
C. Rs. 672
D. Rs. 630
Correct Answer: C
CP = SP × 100/(100+profit%) = 840×100/125 = Rs. 672.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1100 and sells it for Rs. 970. What is the loss percentage?
A. 15.8%
B. 11.8%
C. 13.4%
D. 130.0%
Correct Answer: B
Loss = 1100−970=130; loss% = 130/1100×100 = 11.8%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 930 and sold for Rs. 1120. What is the profit percentage?
A. 17.0%
B. 25.4%
C. 20.4%
D. 190.0%
Correct Answer: C
Profit = 1120−930=190; profit% = 190/930×100 = 20.4%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 760 is sold at a loss of 15%. Find the selling price.
A. Rs. 646
B. Rs. 532
C. Rs. 874
D. Rs. 745
Correct Answer: A
Loss = 15% of 760 = 114; SP = 760−114 = Rs. 646.
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