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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
An article is sold for Rs. 1200 at a profit of 25%. What was its cost price?
A. Rs. 1225
B. Rs. 1175
C. Rs. 960
D. Rs. 900
Correct Answer: C
CP = SP × 100/(100+profit%) = 1200×100/125 = Rs. 960.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 2200. A discount of 30% is allowed. What is the selling price?
A. Rs. 2860
B. Rs. 2170
C. Rs. 1540
D. Rs. 3740
Correct Answer: C
Discount = 30% of 2200; SP = 2200×70/100 = Rs. 1540.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 380 and sells it for Rs. 250. What is the loss percentage?
A. 52.0%
B. 38.2%
C. 34.2%
D. 130.0%
Correct Answer: C
Loss = 380−250=130; loss% = 130/380×100 = 34.2%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 210 and sold for Rs. 280. What is the profit percentage?
A. 38.3%
B. 25.0%
C. 70.0%
D. 33.3%
Correct Answer: D
Profit = 280−210=70; profit% = 70/210×100 = 33.3%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1850 is sold at a loss of 20%. Find the selling price.
A. Rs. 1830
B. Rs. 1480
C. Rs. 2220
D. Rs. 1110
Correct Answer: B
Loss = 20% of 1850 = 370; SP = 1850−370 = Rs. 1480.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 1680 and is sold at a profit of 15%. What is the selling price?
A. Rs. 2184
B. Rs. 1932
C. Rs. 1428
D. Rs. 1695
Correct Answer: B
Profit = 15% of 1680 = 252; selling price = 1680+252 = Rs. 1932.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 1080 at a profit of 15%. What was its cost price?
A. Rs. 918
B. Rs. 1095
C. Rs. 939.13
D. Rs. 1065
Correct Answer: C
CP = SP × 100/(100+profit%) = 1080×100/115 = Rs. 939.13.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 1900. A discount of 25% is allowed. What is the selling price?
A. Rs. 3325
B. Rs. 2375
C. Rs. 1425
D. Rs. 1875
Correct Answer: C
Discount = 25% of 1900; SP = 1900×75/100 = Rs. 1425.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1170 and sells it for Rs. 1100. What is the loss percentage?
A. 6.0%
B. 10.0%
C. 6.4%
D. 70.0%
Correct Answer: A
Loss = 1170−1100=70; loss% = 70/1170×100 = 6.0%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1000 and sold for Rs. 1160. What is the profit percentage?
A. 160.0%
B. 16.0%
C. 21.0%
D. 13.8%
Correct Answer: B
Profit = 1160−1000=160; profit% = 160/1000×100 = 16.0%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1660 is sold at a loss of 25%. Find the selling price.
A. Rs. 1635
B. Rs. 830
C. Rs. 2075
D. Rs. 1245
Correct Answer: D
Loss = 25% of 1660 = 415; SP = 1660−415 = Rs. 1245.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 660 and is sold at a profit of 20%. What is the selling price?
A. Rs. 924
B. Rs. 528
C. Rs. 680
D. Rs. 792
Correct Answer: D
Profit = 20% of 660 = 132; selling price = 660+132 = Rs. 792.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 960 at a profit of 25%. What was its cost price?
A. Rs. 985
B. Rs. 720
C. Rs. 935
D. Rs. 768
Correct Answer: D
CP = SP × 100/(100+profit%) = 960×100/125 = Rs. 768.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 1600. A discount of 20% is allowed. What is the selling price?
A. Rs. 1580
B. Rs. 1920
C. Rs. 2880
D. Rs. 1280
Correct Answer: D
Discount = 20% of 1600; SP = 1600×80/100 = Rs. 1280.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1960 and sells it for Rs. 1830. What is the loss percentage?
A. 10.6%
B. 130.0%
C. 6.6%
D. 7.1%
Correct Answer: C
Loss = 1960−1830=130; loss% = 130/1960×100 = 6.6%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1790 and sold for Rs. 1890. What is the profit percentage?
A. 100.0%
B. 5.3%
C. 5.6%
D. 10.6%
Correct Answer: C
Profit = 1890−1790=100; profit% = 100/1790×100 = 5.6%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1620 is sold at a loss of 30%. Find the selling price.
A. Rs. 1590
B. Rs. 1134
C. Rs. 2106
D. Rs. 648
Correct Answer: B
Loss = 30% of 1620 = 486; SP = 1620−486 = Rs. 1134.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 2900 and is sold at a profit of 25%. What is the selling price?
A. Rs. 2175
B. Rs. 3625
C. Rs. 4350
D. Rs. 2925
Correct Answer: B
Profit = 25% of 2900 = 725; selling price = 2900+725 = Rs. 3625.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 840 at a profit of 15%. What was its cost price?
A. Rs. 855
B. Rs. 714
C. Rs. 730.43
D. Rs. 825
Correct Answer: C
CP = SP × 100/(100+profit%) = 840×100/115 = Rs. 730.43.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 1300. A discount of 15% is allowed. What is the selling price?
A. Rs. 1285
B. Rs. 2405
C. Rs. 1105
D. Rs. 1495
Correct Answer: C
Discount = 15% of 1300; SP = 1300×85/100 = Rs. 1105.
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