Top 20 Profit and Loss MCQ – Mathematics MCQ – Part 1

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Question 1- A bookseller sold 500 copies of a book at a profit of 20 %. If he gains a profit of Rs. 5/book, what is the cost price of the book?

(A) Rs. 25

(B) Rs. 50

(C) Rs. 75

(D) Rs. 100

Question 2- Raman purchased 10 toys at the rate of Rs. 400 per toy. He sold each one of them at the rate of Rs. 55. What was his profit or loss?

(A) Profit of Rs. 10

(B) Loss of Rs. 10

(C) Profit of Rs. 15

(D) Loss of Rs. 15

Question 3- A land broker purchases a land for Rs.1,50,000 and sold for Rs 2,20,000. Find his gain percent.

(A) 35.2%

(B) 37.1%

(C) 45.7%

(D) 46.7%

Question 4 – What is the selling price of an article whose original price is if the article is sold at 15% loss?

(A) Rs. 94.75

(B) Rs. 535.50

(C) Rs. 599.50

(D) Rs. 724.75

Question 5- A shopkeeper sold a shirt for Rs. 1250. If the cost price of the shirt Rs.980, find the profit percent.

(A) 25.55%

(B) 26.55%

(C) 27.55%

(D) 28.55%

Profit and Loss – Mathematics MCQ

Question 6- What is the profit percentage of a shopkeeper if the selling price is four times the value of 1/3rd of the buying price?

(A) 13.33%

(B) 23.33%

(C) 33.33%

(D) 66.67%

Question 7- Rahul purchased a jacket for Rs 500 while its original price was Rs 700. He also purchased a shirt for Rs 200, the cost price of which was Rs 400. Calculate the total profit Rahul made.

(A) Rs. 200

(B) Rs. 300

(C) Rs. 400

(D) Rs. 500

Question 8- If the cost price of 60 guavas is equal to the selling price of 45 guavas, what is the profit percent in this transaction?

(A) 31.33

(B) 32.33

(C) 33.33

(D) 34.33

Question 9- The farmer sells a cow for Rs. 15000 and got a profit percentage of 50 %. Find the cost price of the cow?

(A) Rs. 10,000

(B) Rs. 12,000

(C) Rs. 12,500

(D) Rs. 14,500

Question 10- A soft toy was sold at a gain of 8%. Had it been sold for Rs.36 more, the gain would have been 12%. Find the cost price of the soft toy?

(A) Rs. 600

(B) Rs. 900

(C) Rs. 1200

(D) Rs. 1500

Profit and Loss – Mathematics MCQ

Question 11- Lata buys a smart TV for Rs.70,700 and sold it at a gain of 4(3/7)% . For how much does she sell it?

(A) Rs. 72,474

(B) Rs. 73,831

(C) Rs. 74,147

(D) Rs. 75,684

Question 12- By selling a toy for Rs.318.50, a seller loses 2%. For how much should he sell the toy to gain 6%?

(A) Rs. 344.50

(B) Rs. 312.50

(C) Rs. 351.50

(D) Rs. 354.50

Question 13- Sudha buys a table for Rs.5600 and sells it at a loss of 5.5%. For how much does she sell it?

(A) Rs. 5382

(B) Rs. 5142

(C) Rs. 5545

(D) Rs. 5292

Question 14- After selling 160 apples Arshad earns a profit equal to selling price of 20 apples. His profit percentage is:

(A) 14.28%

(B) 12.46%

(C) 13.64%

(D) 11.52%

Question 15- The revenue of a Company during 2019-2020 is Rs. 50 lakhs. The cost of goods sold was Rs. 20 lakhs. What is the gross profit margin of the company?

(A) 60%

(B) 70%

(C) 80%

(D) 90%

Profit and Loss – Mathematics MCQ

Question 16- On selling a washing machine for Rs.14000, Bharath gains 12%. For how much did he purchase it?

(A) Rs. 11,500

(B) Rs. 12,000

(C) Rs. 12,500

(D) Rs. 13,000

Question 17- A vendor buys 10 dozens of toys at the rate of Rs.600 per dozen. He sold each toy at the rate of Rs.55. What is the profit percentage?

(A) 8%

(B) 10%

(C) 12%

(D) 14%

Question 18- A book is sold for a profit of 40%. If the cost price of the book is Rs.25, find its selling price.

(A) Rs. 28

(B) Rs. 30

(C) Rs. 32

(D) Rs. 35

Question 19- The selling price of 10 T-Shirts is equal to the cost price of 13 T-Shirts. Find the profit percentage in this transaction.

(A) 20%

(B) 25%

(C) 30%

(D) 35%

Question 20- A vendor bought bottles at Rs 12 per bottle. He sold each at Rs 10. What is his loss%?

(A) 16.66%

(B) 20%

(C) 67.6%

(D) 73%

Profit and Loss – Mathematics MCQ, Profit and Loss – Mathematics MCQ, Profit and Loss – Mathematics MCQ

Top 20 Profit and Loss – Mathematics MCQ – Part 1 Answer Key: –