Free Profit and Loss MCQs with Answers

• A. Rs. 385
• B. Rs. 390
• C. Rs. 395
• D. Rs. 400

Explanation: If the cost price is x rupees, equal profit and loss give Rs. 425 - x = x - Rs. 355. Thus 2x = Rs. 780 and x = Rs. 390.

• A. Rs. 40
• B. Rs. 50
• C. Rs. 60
• D. Rs. 70

Explanation: Let the cost price be x rupees. Since the profit percentage has the same numerical value as the C.P., profit = x²/100 rupees, and the…

• A. No loss or gain
• B. Loss of Rs. 1000
• C. Gain of Rs. 1000
• D. Gain of Rs. 2000

Explanation: For the horse, Rs. 12,000 is 80% of its cost price, so its C.P. was Rs. 12,000 ÷ 0.80 = Rs. 15,000. For the cow, Rs.

• A. 0.25 % loss
• B. 0.25 % gain
• C. 25% loss
• D. 25% gain

Explanation: The first house cost Rs. 780,000 ÷ 1.05 = Rs. 742,857.14, while the second cost Rs. 780,000 ÷ 0.95 = Rs. 821,052.63. Total C.P. = Rs.

• A. No profit No loss
• B. Profit of Rs. 1000
• C. Profit of Rs. 1100
• D. Profit of Rs. 2000

Explanation: A sells the house for Rs. 10,000 × 1.10 = Rs. 11,000. B then sells it back for Rs. 11,000 × 0.90 = Rs. 9,900, so A receives Rs.

• A. Rs. 14.40
• B. Rs. 16.00
• C. Rs. 16.80
• D. Rs. 19.20

Explanation: The total cost is 4 dozen × Rs. 12 = Rs. 48 plus 2 dozen × Rs. 16 = Rs. 32, giving Rs. 80 for 6 dozen. Cost per dozen = Rs.

• A. 15.5
• B. 40
• C. 60
• D. None of these

Explanation: Total cost = Rs. 7,200 + Rs. 200 + Rs. 600 = Rs. 8,000. Total selling price = 330 × Rs. 28 = Rs. 9,240, so profit = Rs. 9,240 - Rs.

• A. 5
• B. 8
• C. 10
• D. 15

Explanation: Selling 12 oranges for Rs. 1 at a 20% loss means their cost is Rs. 1 ÷ 0.80 = Rs. 1.25.

• A. 9
• B. 10
• C. 11
• D. 11 1/9

Explanation: He charges the cost price of 1,000 grams but supplies only 900 grams. If 900 grams costs Rs. 90, he collects Rs. 100, so profit is Rs.

• A. 22
• B. 24
• C. 25
• D. 26

Explanation: Selling 20 articles for Rs. 60 at a 20% gain means their total cost was Rs. 60 ÷ 1.20 = Rs. 50. Therefore, each article cost Rs.

• A. 40
• B. 60
• C. 240
• D. 250

Explanation: Let the selling price be Rs. 100. Then the cost price is 40% of it, or Rs. 40, so the selling price as a percentage of cost price is (Rs.

• A. Rs. 300
• B. Rs. 320
• C. Rs. 440
• D. Rs. 500Primary & Secondary Schooling (K-12)

Explanation: Let the selling price be x rupees. A gain of 20% of the selling price means x - Rs. 400 = 0.20x, so 0.80x = Rs. 400 and x = Rs. 500.

• A. 10%
• B. 11%
• C. 21%
• D. 100%

Explanation: The cost of one book is Rs. 10 ÷ 11, while the selling price of one book is Rs. 11 ÷ 10. The ratio of S.P. to C.P.

• A. Rs. 400
• B. Rs. 600
• C. Cannot be determined
• D. None of these

Explanation: For the greatest possible profit, take the lowest purchase price, Rs. 200, and the highest selling price, Rs. 425. Profit per book = Rs.

• A. 10%
• B. 15%
• C. 20%
• D. 25%

Explanation: The cost of 320 mangoes is the cost of 320 mangoes, while the selling price equals the cost of 400 mangoes.

• A. Rs. 6
• B. Rs. 6.48
• C. Rs. 7.02
• D. Rs. 7.20

Explanation: Rs. 5.40 is 90% of the cost price because it represents a 10% loss, so cost price = Rs. 5.40/0.90 = Rs. 6.00 per kg.

• A. Rs. 12
• B. Rs. 12.96
• C. Rs. 14.40
• D. None of these

Explanation: Rs. 10.80 represents 90% of the cost price, so cost price = Rs. 10.80/0.90 = Rs. 12.00 per piece. A 20% profit requires Rs.

• A. 20%
• B. 50%
• C. 19 ½ %
• D. 56 ¼ %

Explanation: The cost of one article is Rs. 8/10 = Rs. 0.80, while its selling price is Rs. 1.25. Gain per article = Rs. 1.25 - Rs. 0.80 = Rs.

• A. 24.5
• B. 28.5
• C. 30
• D. Data inadequate
• E. None of these

Explanation: Take the cost price as Rs. 100. A profit of 23.5% means the discounted selling price is Rs.

• A. Rs. 8400
• B. Rs. 8721
• C. Rs. 8856
• D. None of these

Explanation: Successive discounts are applied one after another: Rs. 12,000 x 0.85 = Rs. 10,200, then Rs. 10,200 x 0.90 = Rs. 9,180, and finally Rs.