Profit and Loss MCQs (Chapter-4): 100 Essential Questions for Competitive Exams in India

Profit and Loss Practice: Sharpen Your Math Skills for Indian Competitive Exams. Prepare for competitive exams in India with these insightful Profit and Loss questions. Boost your math proficiency and excel in your exam preparations for competitive exams like SSC, Railway, SSC-CGL, Banking, IBPS, Delhi Police, ICAR, SSC, Railway, SSC-CGL, Banking, IBPS, Delhi Police, CRPF, RBI, RRB, EPFO, CTET, UGC NET, DSSSB, RPF, DRDO, ISRO, CISF, CDS, NDA, ITBP, Airforce, BSF. From price hikes to population shifts, discover strategies to tackle these math problems in just two lines.

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Profit and Loss MCQs Test-1

20 MCQs
20 Marks
30 Minutes

1 / 20

If the cost price is 95% of the selling price, what is the profit per cent ?

2 / 20

A trader buys 100 pens for Rs. 200 and sells them at a loss of 25%. To gain a profit of 20%, what should be the selling price per pen?

3 / 20

A merchant purchases a wrist watch for Rs.450 and fixes its list price in such a way that after allowing a discount of 10%, he earns a profit of 20%. Then the list price of the watch is

4 / 20

A person sells an article at a profit of 25%. If he had sold it for Rs. 100 more, he would have made a profit of 40%. What is the cost price of the article?

5 / 20

A person bought a bicycle for Rs. 400 and sold it at a loss of 20%. If he had sold it for Rs. 100 more, what would have been the percentage profit?

6 / 20

A man sells a car to his friend at 10% loss. If the friend sells it for Rs.54,000 and gains 20%, the original cost price of the car was

7 / 20

A trader buys a machine for Rs. 2,500 and spends Rs. 200 on repairs. He sells it for Rs. 3,000, making a profit of 20%. What is the percentage profit on the cost price of the machine?

8 / 20

A person buys a car for Rs. 20,000 and sells it for Rs. 16,000. What is the percentage loss incurred?

9 / 20

If books bought at prices from Rs.150 to Rs.300 are sold at prices ranging from Rs.250 to Rs.350, what is the greatest possible profit that might be made in selling 15 books ?

10 / 20

A retailer offers a 10% discount on a shirt and still makes a 25% profit. If the shirt was initially priced at Rs. 80, what is the cost price of the shirt?

11 / 20

If a person sells two shirts for Rs. 120 each and makes a profit of 20% on one shirt and a loss of 10% on the other, what is the overall profit or loss percentage?

12 / 20

A shopkeeper sells an item at a 10% loss. If the item was bought for Rs. 90, what is the selling price?

13 / 20

If an article is sold at a loss of 20%, and the selling price is Rs. 400, what is the cost price of the article?

14 / 20

A person sells an article at a loss of 10%. If the selling price is Rs. 180 more than the cost price, what is the cost price of the article?

15 / 20

A retailer marks up the cost price of an item by 50% and then offers a discount of 20%. If the final selling price is Rs. 180, what is the cost price of the item?

16 / 20

A retailer sells an item at a profit of 15%. If the cost price is increased by 20% and the selling price remains the same, what is the new profit percentage?

17 / 20

A shopkeeper sells two shirts at the same selling price, one at a profit of 25% and the other at a loss of 20%. If the overall profit is Rs. 40, what is the combined cost price of the shirts?

18 / 20

The cost price of a radio is Rs.600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be

19 / 20

A watch is sold at a profit of 25%. If the selling price is Rs. 125, what is the cost price of the watch?

20 / 20

If the cost price of an item is Rs. 50, and it is sold for Rs. 70, what is the profit percentage?

Topics/Syllabus covered in this Chapter’s Mock Test Series

MCQs set for Profit and Loss Practice
Explanations/Solutions of difficult questions are also given. As soon as you select the wrong answer, the explanation will be shown below the question.
If you need explanation/solution of any other question, then click    below the question in left corner and submit your query.

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