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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
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%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 500 is sold at a loss of 35%. Find the selling price.
A. Rs. 675
B. Rs. 150
C. Rs. 465
D. Rs. 325
Correct Answer: D
Loss = 35% of 500 = 175; SP = 500−175 = Rs. 325.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 330 and is sold at a profit of 30%. What is the selling price?
A. Rs. 360
B. Rs. 528
C. Rs. 429
D. Rs. 231
Correct Answer: C
Profit = 30% of 330 = 99; selling price = 330+99 = Rs. 429.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 560 at a profit of 15%. What was its cost price?
A. Rs. 545
B. Rs. 575
C. Rs. 486.96
D. Rs. 476
Correct Answer: C
CP = SP × 100/(100+profit%) = 560×100/115 = Rs. 486.96.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 1100. A discount of 20% is allowed. What is the selling price?
A. Rs. 880
B. Rs. 1320
C. Rs. 1080
D. Rs. 1980
Correct Answer: A
Discount = 20% of 1100; SP = 1100×80/100 = Rs. 880.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1630 and sells it for Rs. 1560. What is the loss percentage?
A. 70.0%
B. 4.5%
C. 4.3%
D. 8.3%
Correct Answer: C
Loss = 1630−1560=70; loss% = 70/1630×100 = 4.3%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1460 and sold for Rs. 1560. What is the profit percentage?
A. 6.4%
B. 6.8%
C. 11.8%
D. 100.0%
Correct Answer: B
Profit = 1560−1460=100; profit% = 100/1460×100 = 6.8%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 2580 is sold at a loss of 5%. Find the selling price.
A. Rs. 2451
B. Rs. 2709
C. Rs. 2575
D. Rs. 2322
Correct Answer: A
Loss = 5% of 2580 = 129; SP = 2580−129 = Rs. 2451.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 1120 and is sold at a profit of 35%. What is the selling price?
A. Rs. 1904
B. Rs. 1512
C. Rs. 1155
D. Rs. 728
Correct Answer: B
Profit = 35% of 1120 = 392; selling price = 1120+392 = Rs. 1512.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 1440 at a profit of 25%. What was its cost price?
A. Rs. 1465
B. Rs. 1152
C. Rs. 1080
D. Rs. 1415
Correct Answer: B
CP = SP × 100/(100+profit%) = 1440×100/125 = Rs. 1152.00.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 800. A discount of 15% is allowed. What is the selling price?
A. Rs. 1480
B. Rs. 680
C. Rs. 785
D. Rs. 920
Correct Answer: B
Discount = 15% of 800; SP = 800×85/100 = Rs. 680.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 610 and sells it for Rs. 480. What is the loss percentage?
A. 25.3%
B. 130.0%
C. 21.3%
D. 27.1%
Correct Answer: C
Loss = 610−480=130; loss% = 130/610×100 = 21.3%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 440 and sold for Rs. 630. What is the profit percentage?
A. 30.2%
B. 190.0%
C. 48.2%
D. 43.2%
Correct Answer: D
Profit = 630−440=190; profit% = 190/440×100 = 43.2%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An item bought for Rs. 270 is sold at a loss of 10%. Find the selling price.
A. Rs. 216
B. Rs. 243
C. Rs. 297
D. Rs. 260
Correct Answer: B
Loss = 10% of 270 = 27; SP = 270−27 = Rs. 243.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article costs Rs. 3820 and is sold at a profit of 5%. What is the selling price?
A. Rs. 4202
B. Rs. 3825
C. Rs. 3629
D. Rs. 4011
Correct Answer: D
Profit = 5% of 3820 = 191; selling price = 3820+191 = Rs. 4011.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is sold for Rs. 1320 at a profit of 15%. What was its cost price?
A. Rs. 1305
B. Rs. 1122
C. Rs. 1335
D. Rs. 1147.83
Correct Answer: D
CP = SP × 100/(100+profit%) = 1320×100/115 = Rs. 1147.83.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
The marked price of an article is Rs. 500. A discount of 10% is allowed. What is the selling price?
A. Rs. 490
B. Rs. 450
C. Rs. 550
D. Rs. 950
Correct Answer: B
Discount = 10% of 500; SP = 500×90/100 = Rs. 450.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
A trader buys an item for Rs. 1400 and sells it for Rs. 1330. What is the loss percentage?
A. 9.0%
B. 5.3%
C. 5.0%
D. 70.0%
Correct Answer: C
Loss = 1400−1330=70; loss% = 70/1400×100 = 5.0%.
CSS - PMS - CCE - PCS - Mathematics Profit & Loss
An article is bought for Rs. 1230 and sold for Rs. 1360. What is the profit percentage?
A. 15.6%
B. 130.0%
C. 10.6%
D. 9.6%
Correct Answer: C
Profit = 1360−1230=130; profit% = 130/1230×100 = 10.6%.
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