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Profit & Loss MCQs

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Profit & Loss MCQs With Answers

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CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 280 and sells it for Rs. 210. What is the loss percentage?
A. 25.0%
B. 29.0%
C. 70.0%
D. 33.3%
Correct Answer: A
Loss = 280−210=70; loss% = 70/280×100 = 25.0%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1920 and sold for Rs. 2110. What is the profit percentage?
A. 14.9%
B. 9.9%
C. 9.0%
D. 190.0%
Correct Answer: B
Profit = 2110−1920=190; profit% = 190/1920×100 = 9.9%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1750 is sold at a loss of 20%. Find the selling price.
A. Rs. 1730
B. Rs. 1050
C. Rs. 2100
D. Rs. 1400
Correct Answer: D
Loss = 20% of 1750 = 350; SP = 1750−350 = Rs. 1400.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 1580 and is sold at a profit of 15%. What is the selling price?
A. Rs. 1817
B. Rs. 1595
C. Rs. 2054
D. Rs. 1343
Correct Answer: A
Profit = 15% of 1580 = 237; selling price = 1580+237 = Rs. 1817.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 920 at a profit of 25%. What was its cost price?
A. Rs. 690
B. Rs. 895
C. Rs. 736
D. Rs. 945
Correct Answer: C
CP = SP × 100/(100+profit%) = 920×100/125 = Rs. 736.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 2000. A discount of 10% is allowed. What is the selling price?
A. Rs. 3800
B. Rs. 2200
C. Rs. 1800
D. Rs. 1990
Correct Answer: C
Discount = 10% of 2000; SP = 2000×90/100 = Rs. 1800.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1070 and sells it for Rs. 940. What is the loss percentage?
A. 130.0%
B. 16.1%
C. 12.1%
D. 13.8%
Correct Answer: C
Loss = 1070−940=130; loss% = 130/1070×100 = 12.1%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 900 and sold for Rs. 1030. What is the profit percentage?
A. 130.0%
B. 14.4%
C. 19.4%
D. 12.6%
Correct Answer: B
Profit = 1030−900=130; profit% = 130/900×100 = 14.4%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1460 is sold at a loss of 25%. Find the selling price.
A. Rs. 1095
B. Rs. 1825
C. Rs. 1435
D. Rs. 730
Correct Answer: A
Loss = 25% of 1460 = 365; SP = 1460−365 = Rs. 1095.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 560 and is sold at a profit of 20%. What is the selling price?
A. Rs. 784
B. Rs. 672
C. Rs. 448
D. Rs. 580
Correct Answer: B
Profit = 20% of 560 = 112; selling price = 560+112 = Rs. 672.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 800 at a profit of 15%. What was its cost price?
A. Rs. 680
B. Rs. 815
C. Rs. 785
D. Rs. 695.65
Correct Answer: D
CP = SP × 100/(100+profit%) = 800×100/115 = Rs. 695.65.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 1700. A discount of 30% is allowed. What is the selling price?
A. Rs. 2890
B. Rs. 2210
C. Rs. 1670
D. Rs. 1190
Correct Answer: D
Discount = 30% of 1700; SP = 1700×70/100 = Rs. 1190.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1860 and sells it for Rs. 1790. What is the loss percentage?
A. 3.9%
B. 70.0%
C. 7.8%
D. 3.8%
Correct Answer: D
Loss = 1860−1790=70; loss% = 70/1860×100 = 3.8%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1690 and sold for Rs. 1760. What is the profit percentage?
A. 4.0%
B. 70.0%
C. 4.1%
D. 9.1%
Correct Answer: C
Profit = 1760−1690=70; profit% = 70/1690×100 = 4.1%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1520 is sold at a loss of 30%. Find the selling price.
A. Rs. 1490
B. Rs. 1976
C. Rs. 608
D. Rs. 1064
Correct Answer: D
Loss = 30% of 1520 = 456; SP = 1520−456 = Rs. 1064.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 2700 and is sold at a profit of 25%. What is the selling price?
A. Rs. 2025
B. Rs. 3375
C. Rs. 2725
D. Rs. 4050
Correct Answer: B
Profit = 25% of 2700 = 675; selling price = 2700+675 = Rs. 3375.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 680 at a profit of 25%. What was its cost price?
A. Rs. 510
B. Rs. 544
C. Rs. 655
D. Rs. 705
Correct Answer: B
CP = SP × 100/(100+profit%) = 680×100/125 = Rs. 544.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 1400. A discount of 25% is allowed. What is the selling price?
A. Rs. 1375
B. Rs. 1750
C. Rs. 2450
D. Rs. 1050
Correct Answer: D
Discount = 25% of 1400; SP = 1400×75/100 = Rs. 1050.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 840 and sells it for Rs. 710. What is the loss percentage?
A. 15.5%
B. 130.0%
C. 19.5%
D. 18.3%
Correct Answer: A
Loss = 840−710=130; loss% = 130/840×100 = 15.5%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 670 and sold for Rs. 830. What is the profit percentage?
A. 160.0%
B. 23.9%
C. 28.9%
D. 19.3%
Correct Answer: B
Profit = 830−670=160; profit% = 160/670×100 = 23.9%.
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