Top 20 Profit and Loss – Mathematics MCQ – Part 2

If you are preparing for Defence Exam, then here you can practice Top 20 Profit and Loss MCQ which can help in your defence preparation.

Question 1 -Liza allows 20% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a suit for her marked price at Rs.6600?

(A) Rs. 4400

(B) Rs. 5500

(D) Rs. 7700

Question 2 -Amit loses the selling price of 5 books on selling 35 books. His loss percentage is

(A) 10%

(B) 11.5%

(D) 14.5%

Question 3-The Selling Price of an article is 3/4th of the Cost Price of the article. Find the loss percentage.

(A) 20%

(B) 25%

(D) 35%

Question 4-A person bought a clock at Rs. 350 and sold it at a profit of 12%. What is the selling price?

(A) Rs. 361

(B) Rs. 381

(D) Rs. 402

Question 5- What is the profit earned if a sweater costing Rs.800 is sold for a profit percentage of 43% ?

(A) Rs. 314

(B) Rs. 324

(D) Rs. 344

Profit and Loss – Mathematics MCQ – Part 2

Question 6- Rahul sold an article for Rs. 600. If the cost price of the article is 500, find the profit percent.

(A) 15%

(B) 20%

(D) 30%

Question 7- Mumtaz bought a microwave oven for Rs. 9000. She sold it at a profit of 15%. What was the selling price of the microwave oven?

(A) Rs. 7760

(B) Rs. 9650

(D) Rs. 10700

Question 8- 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. 300

(B) Rs. 400

(D) Rs. 600

Question 9- Sudha buys a painting that has a marked price of Rs. 800. The shopkeeper offered a discount of 15% on the marked price. If Sudha sells the bag for Rs. 925, what will be her profit?

(A) Rs. 120

(B) Rs. 245

(D) Rs. 480

Question 10- Kurush sells his camera such that the cost price of the camera is 20% of its selling price. What is Kurush’s profit percentage?

(A) 100%

(B) 200%

(D) 400%

Profit and Loss – Mathematics MCQ – Part 2

Question 11- If the profit on an article is equal to one third of the selling price of an article, find the profit percentage.

(A) 10%

(B) 25%

(D) 75%

Question 12- Ascertain the profit earned during the year, when the capital is increased by Rs. 50,000 and drawings by Rs. 7,500.

(A) Rs. 41,700

(B) Rs. 52,500

(D) Rs. 59,000

Question 13- A person sold a clock at Rs. 460 to earn 15% profit. What was his cost price?

(A) Rs. 250

(B) Rs. 300

(D) Rs. 400

Question 14- A bookseller sold 240 copies of a book at a profit of 20%. If the cost price of all the books is Rs.12000, what is the selling price of all the books?

(A) Rs. 14,400

(B) Rs. 15,400

(D) Rs. 17,400

Question 15- Altaf earns a profit of 15% on selling price. Find the profit percent on the cost price.

(A) 14.82%

(B) 16.06%

(D) 18.52%

Profit and Loss – Mathematics MCQ – Part 2

Question 16- Priti purchased a cycle for Rs. 1800 and sold it for Rs. 2050. Find her gain percent (approximate).

(A) 8%

(B) 10%

(D) 14%

Question 17- Ram sold a laptop to a customer at a cost price of Rs 25000 with a profit of 40%. Calculate the selling price.

(A) Rs. 34,000

(B) Rs. 35,000

(D) Rs. 37,000

Question 18- John purchased a novel for Rs 20000, and sold it for Rs 16000. Find the loss per cent.

(A) 18%

(B) 20%

(D) 24%

Question 19- A person sold a toy for Rs. 300 and he gains Rs. 50. Calculate the gain percentage.

(A) 5%

(B) 10%

(D) 20%

Question 20- A bicycle is bought for Rs. 900 and sold for Rs. 1260. Find the gain percent?

(A) 20

(B) 30

(D) 50

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