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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. 590 and is sold at a profit of 10%. What is the selling price?
A. Rs. 649
B. Rs. 708
C. Rs. 600
D. Rs. 531
Correct Answer: A
Profit = 10% of 590 = 59; selling price = 590+59 = Rs. 649.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 720 at a profit of 15%. What was its cost price?
A. Rs. 705
B. Rs. 612
C. Rs. 735
D. Rs. 626.09
Correct Answer: D
CP = SP × 100/(100+profit%) = 720×100/115 = Rs. 626.09.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1890 and sells it for Rs. 1820. What is the loss percentage?
A. 3.8%
B. 70.0%
C. 7.7%
D. 3.7%
Correct Answer: D
Loss = 1890−1820=70; loss% = 70/1890×100 = 3.7%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1720 and sold for Rs. 1850. What is the profit percentage?
A. 12.6%
B. 7.0%
C. 7.6%
D. 130.0%
Correct Answer: C
Profit = 1850−1720=130; profit% = 130/1720×100 = 7.6%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1550 is sold at a loss of 20%. Find the selling price.
A. Rs. 1530
B. Rs. 930
C. Rs. 1240
D. Rs. 1860
Correct Answer: C
Loss = 20% of 1550 = 310; SP = 1550−310 = Rs. 1240.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 1380 and is sold at a profit of 15%. What is the selling price?
A. Rs. 1587
B. Rs. 1395
C. Rs. 1173
D. Rs. 1794
Correct Answer: A
Profit = 15% of 1380 = 207; selling price = 1380+207 = Rs. 1587.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 600 at a profit of 25%. What was its cost price?
A. Rs. 575
B. Rs. 625
C. Rs. 480
D. Rs. 450
Correct Answer: C
CP = SP × 100/(100+profit%) = 600×100/125 = Rs. 480.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 870 and sells it for Rs. 740. What is the loss percentage?
A. 14.9%
B. 18.9%
C. 130.0%
D. 17.6%
Correct Answer: A
Loss = 870−740=130; loss% = 130/870×100 = 14.9%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 700 and sold for Rs. 770. What is the profit percentage?
A. 10.0%
B. 15.0%
C. 9.1%
D. 70.0%
Correct Answer: A
Profit = 770−700=70; profit% = 70/700×100 = 10.0%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1060 is sold at a loss of 25%. Find the selling price.
A. Rs. 795
B. Rs. 1035
C. Rs. 1325
D. Rs. 530
Correct Answer: A
Loss = 25% of 1060 = 265; SP = 1060−265 = Rs. 795.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 360 and is sold at a profit of 20%. What is the selling price?
A. Rs. 288
B. Rs. 432
C. Rs. 504
D. Rs. 380
Correct Answer: B
Profit = 20% of 360 = 72; selling price = 360+72 = Rs. 432.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 1480 at a profit of 15%. What was its cost price?
A. Rs. 1286.96
B. Rs. 1258
C. Rs. 1495
D. Rs. 1465
Correct Answer: A
CP = SP × 100/(100+profit%) = 1480×100/115 = Rs. 1286.96.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1660 and sells it for Rs. 1590. What is the loss percentage?
A. 70.0%
B. 4.4%
C. 8.2%
D. 4.2%
Correct Answer: D
Loss = 1660−1590=70; loss% = 70/1660×100 = 4.2%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1490 and sold for Rs. 1650. What is the profit percentage?
A. 10.7%
B. 160.0%
C. 15.7%
D. 9.7%
Correct Answer: A
Profit = 1650−1490=160; profit% = 160/1490×100 = 10.7%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1320 is sold at a loss of 30%. Find the selling price.
A. Rs. 1290
B. Rs. 528
C. Rs. 1716
D. Rs. 924
Correct Answer: D
Loss = 30% of 1320 = 396; SP = 1320−396 = Rs. 924.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 2300 and is sold at a profit of 25%. What is the selling price?
A. Rs. 3450
B. Rs. 1725
C. Rs. 2325
D. Rs. 2875
Correct Answer: D
Profit = 25% of 2300 = 575; selling price = 2300+575 = Rs. 2875.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 1360 at a profit of 25%. What was its cost price?
A. Rs. 1020
B. Rs. 1385
C. Rs. 1335
D. Rs. 1088
Correct Answer: D
CP = SP × 100/(100+profit%) = 1360×100/125 = Rs. 1088.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 640 and sells it for Rs. 510. What is the loss percentage?
A. 24.3%
B. 20.3%
C. 25.5%
D. 130.0%
Correct Answer: B
Loss = 640−510=130; loss% = 130/640×100 = 20.3%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 470 and sold for Rs. 570. What is the profit percentage?
A. 100.0%
B. 26.3%
C. 17.5%
D. 21.3%
Correct Answer: D
Profit = 570−470=100; profit% = 100/470×100 = 21.3%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 300 is sold at a loss of 35%. Find the selling price.
A. Rs. 195
B. Rs. 265
C. Rs. 90
D. Rs. 405
Correct Answer: A
Loss = 35% of 300 = 105; SP = 300−105 = Rs. 195.
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