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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. 1990 and sells it for Rs. 1860. What is the loss percentage?
A. 6.5%
B. 130.0%
C. 7.0%
D. 10.5%
Correct Answer: A
Loss = 1990−1860=130; loss% = 130/1990×100 = 6.5%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1820 and sold for Rs. 1980. What is the profit percentage?
A. 8.8%
B. 160.0%
C. 8.1%
D. 13.8%
Correct Answer: A
Profit = 1980−1820=160; profit% = 160/1820×100 = 8.8%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1650 is sold at a loss of 20%. Find the selling price.
A. Rs. 1980
B. Rs. 1320
C. Rs. 990
D. Rs. 1630
Correct Answer: B
Loss = 20% of 1650 = 330; SP = 1650−330 = Rs. 1320.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 1480 and is sold at a profit of 15%. What is the selling price?
A. Rs. 1924
B. Rs. 1495
C. Rs. 1702
D. Rs. 1258
Correct Answer: C
Profit = 15% of 1480 = 222; selling price = 1480+222 = Rs. 1702.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 760 at a profit of 15%. What was its cost price?
A. Rs. 660.87
B. Rs. 646
C. Rs. 775
D. Rs. 745
Correct Answer: A
CP = SP × 100/(100+profit%) = 760×100/115 = Rs. 660.87.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 2100. A discount of 20% is allowed. What is the selling price?
A. Rs. 3780
B. Rs. 2520
C. Rs. 1680
D. Rs. 2080
Correct Answer: C
Discount = 20% of 2100; SP = 2100×80/100 = Rs. 1680.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 970 and sells it for Rs. 900. What is the loss percentage?
A. 7.2%
B. 11.2%
C. 7.8%
D. 70.0%
Correct Answer: A
Loss = 970−900=70; loss% = 70/970×100 = 7.2%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 800 and sold for Rs. 900. What is the profit percentage?
A. 12.5%
B. 11.1%
C. 17.5%
D. 100.0%
Correct Answer: A
Profit = 900−800=100; profit% = 100/800×100 = 12.5%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1260 is sold at a loss of 25%. Find the selling price.
A. Rs. 630
B. Rs. 1235
C. Rs. 945
D. Rs. 1575
Correct Answer: C
Loss = 25% of 1260 = 315; SP = 1260−315 = Rs. 945.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 460 and is sold at a profit of 20%. What is the selling price?
A. Rs. 480
B. Rs. 552
C. Rs. 644
D. Rs. 368
Correct Answer: B
Profit = 20% of 460 = 92; selling price = 460+92 = Rs. 552.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 640 at a profit of 25%. What was its cost price?
A. Rs. 480
B. Rs. 665
C. Rs. 615
D. Rs. 512
Correct Answer: D
CP = SP × 100/(100+profit%) = 640×100/125 = Rs. 512.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 1800. A discount of 15% is allowed. What is the selling price?
A. Rs. 1785
B. Rs. 1530
C. Rs. 3330
D. Rs. 2070
Correct Answer: B
Discount = 15% of 1800; SP = 1800×85/100 = Rs. 1530.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1760 and sells it for Rs. 1630. What is the loss percentage?
A. 130.0%
B. 7.4%
C. 8.0%
D. 11.4%
Correct Answer: B
Loss = 1760−1630=130; loss% = 130/1760×100 = 7.4%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1590 and sold for Rs. 1780. What is the profit percentage?
A. 11.9%
B. 10.7%
C. 16.9%
D. 190.0%
Correct Answer: A
Profit = 1780−1590=190; profit% = 190/1590×100 = 11.9%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 1420 is sold at a loss of 30%. Find the selling price.
A. Rs. 1846
B. Rs. 1390
C. Rs. 994
D. Rs. 568
Correct Answer: C
Loss = 30% of 1420 = 426; SP = 1420−426 = Rs. 994.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 2500 and is sold at a profit of 25%. What is the selling price?
A. Rs. 1875
B. Rs. 3125
C. Rs. 3750
D. Rs. 2525
Correct Answer: B
Profit = 25% of 2500 = 625; selling price = 2500+625 = Rs. 3125.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 520 at a profit of 15%. What was its cost price?
A. Rs. 535
B. Rs. 442
C. Rs. 505
D. Rs. 452.17
Correct Answer: D
CP = SP × 100/(100+profit%) = 520×100/115 = Rs. 452.17.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 1500. A discount of 10% is allowed. What is the selling price?
A. Rs. 1650
B. Rs. 1350
C. Rs. 2850
D. Rs. 1490
Correct Answer: B
Discount = 10% of 1500; SP = 1500×90/100 = Rs. 1350.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 740 and sells it for Rs. 670. What is the loss percentage?
A. 70.0%
B. 9.5%
C. 10.4%
D. 13.5%
Correct Answer: B
Loss = 740−670=70; loss% = 70/740×100 = 9.5%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 570 and sold for Rs. 700. What is the profit percentage?
A. 27.8%
B. 18.6%
C. 130.0%
D. 22.8%
Correct Answer: D
Profit = 700−570=130; profit% = 130/570×100 = 22.8%.
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