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Free Profit and Loss MCQs with Answers

172 Profit and Loss MCQs from Mathematics, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.

Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.

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172 questions · page 7 of 9

121. A dishonest dealer professes to sell goods at the cost price but uses a weight of 800 grams per kg, what is his percent?

  • A. 20%
  • B. 25%
  • C. 30%
  • D. 15%

Explanation: If 800 grams are supplied while the customer pays the cost price of 1,000 grams, the gain is the cost of 200 grams.

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Correct answer: 25%

122. A tradesman by means of his false balance defrauds to the extent of 20%? in buying goods as well as by selling the goods. What percent does he gain on his outlay?

  • A. 20%
  • B. 45%
  • C. 44%
  • D. 48%

Explanation: A 20% advantage while buying makes goods worth Rs.1.20 for every Rs.1.00 spent.

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Correct answer: 44%

123. Ramees sold two bicycles, each for Rs.990. If he made 10% profit on the first and 10% loss on the second, what is the total cost of both bicycles?

  • A. Rs.2000
  • B. Rs.1980
  • C. Rs.1891
  • D. Rs.1750

Explanation: For the first bicycle, the cost price is Rs.990/1.10 = Rs.900. For the second, the cost price is Rs.990/0.90 = Rs.1,100, so the total cost…

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Correct answer: Rs.2000

124. By selling 50 meters of cloth. I gain the selling price of 15 meters. Find the gain percent?

  • A. 35%
  • B. 30%
  • C. 40%
  • D. 42 6/7%

Explanation: Let the selling price per metre be Rs.s. The gain on 50 metres equals the selling price of 15 metres, so total cost of 50 metres is the…

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Correct answer: 42 6/7%

125. The cost price of 13 articles is equal to the selling price of 11 articles. Find the profit percent?

  • A. 15 5/15%
  • B. 18 2/11%
  • C. 16 2/3%
  • D. 30%Quiz Mode Feature

Explanation: Let the selling price of one article be Rs.s. Since the cost price of 13 articles equals the selling price of 11 articles, the cost per…

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Correct answer: 18 2/11%

126. By selling 12 pencils for a rupee a man loses 20%. How many for a rupee should he sell in order to gain 20%?

  • A. 8
  • B. 9
  • C. 12
  • D. 16

Explanation: Selling 12 pencils for Rs.1 means the selling price is Rs.1/12 per pencil.

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Correct answer: 8

127. The C.P of 15 books is equal to the S.P of 18 books. Find his gain% or loss%?

  • A. 16 2/3% loss
  • B. 100/3% loss
  • C. 50/3% profit
  • D. 100/3% loss

Explanation: The cost price of 15 books equals the selling price of 18 books. Taking the selling price per book as Rs.s, the cost price per book is…

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Correct answer: 16 2/3% loss

128. The C.P of 10 pens is equal to the S.P of 12 pens. Find his gain % or loss%?

  • A. 16 2/3% profit
  • B. 50/6% profit
  • C. 16 2/3% loss
  • D. 100/3% loss

Explanation: Let the cost price of one pen be CP and the selling price be SP. Since 10CP = 12SP, SP/CP = 10/12 = 5/6, so the loss is 1/6 x 100 = 16…

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Correct answer: 16 2/3% loss

129. By selling 150 mangoes, a fruit-seller gains the selling price of 30 mangoes. Find the gain percent?

  • A. 20%
  • B. 25%
  • C. 18%
  • D. 30%

Explanation: Let the selling price of one mango be Rs.1, so 150 mangoes sell for Rs.150 and the gain is the selling price of 30 mangoes, or Rs.30.

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Correct answer: 25%

130. If a man lost 4% by selling oranges at the rate of 12 a rupee at how many a rupee must he sell them to gain 44%?

  • A. 7
  • B. 8
  • C. 9
  • D. 10

Explanation: At 12 oranges per rupee, the selling price of one orange is Rs.1/12. A 4% loss means CP = (Rs.1/12)/0.96, and the required selling price…

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Correct answer: 8

131. By selling a house for Rs.45000, it was found that 1/8 of the outlay was gained, what ought the selling to price to have been in order to have lost 5 p.c?

  • A. Rs.38750
  • B. Rs.38000
  • C. Rs.40000
  • D. Rs.42000

Explanation: A gain of 1/8 means the selling price Rs.45,000 is 9/8 of the cost price, so CP = Rs.45,000 x 8/9 = Rs.40,000.

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Correct answer: Rs.38000

132. A man sells a horse for Rs.800 and loses something, if he had sold it for Rs.980, his gain would have been double the former loss. Find the cost price of the horse?

  • A. Rs.900
  • B. Rs.875
  • C. Rs.850
  • D. Rs.860

Explanation: Let the cost price be Rs.x. The loss at Rs.800 is Rs.x - Rs.800, while the gain at Rs.980 is Rs.980 - Rs.x; hence Rs.980 - x = 2(x -…

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Correct answer: Rs.860

133. A trader bought a car at 20% discount on its original price. He sold it at a 40% increase on the price he bought it. What percent of profit did he make on the original price?

  • A. 10%
  • B. 11%
  • C. 12%
  • D. 15%

Explanation: Take the original price as Rs.100. The trader buys the car for 80% of it, or Rs.80, and sells it for 140% of Rs.80, or Rs.112.

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Correct answer: 12%

134. What profit percent is made by selling an article at a certain price, if by selling at 2/3rd of that price, there would be a loss of 20%?

  • A. 20%
  • B. 25%
  • C. 13 1/30%
  • D. 12%

Explanation: Let the stated selling price be Rs.100. At two-thirds of this price, the selling price is Rs.66 2/3 and this represents 80% of the cost…

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Correct answer: 20%

135. A single discount equivalent to the discount series of 20%, 10% and 5% is_______?

  • A. 25%
  • B. 30%
  • C. 31.6%
  • D. 33.5%Education

Explanation: Successive discounts multiply the prices that remain: 100% x 80% x 90% x 95% = 68.4% of the list price.

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Correct answer: 31.6%

136. The list price of an article is Rs.65. A customer pays Rs.56.16 for it. He was given two successive discounts, one of them being 10%. The other discount is________?

  • A. 3%
  • B. 4%
  • C. 5%
  • D. 6%

Explanation: After the 10% discount, the price is Rs.65 x 90% = Rs.58.50. The second discount reduces Rs.58.50 to Rs.56.16, and Rs.56.16/Rs.58.50 =…

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Correct answer: 4%

137. The sale price sarees listed for Rs.400 after successive discount is 10% and 5% is________?

  • A. Rs.357
  • B. Rs.340
  • C. Rs.342
  • D. Rs.338

Explanation: Apply the discounts successively: Rs.400 x 90% = Rs.360, then Rs.360 x 95% = Rs.342. Thus the sale price is Rs.342.

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Correct answer: Rs.342

138. A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price?

  • A. Rs.1000
  • B. Rs.1140
  • C. Rs.860
  • D. Rs.760

Explanation: Let the cost price be Rs.x. The original selling price is 90% of CP, or Rs.0.90x, and the increased selling price is 104% of CP, or…

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Correct answer: Rs.1000

139. The cost price of a radio is Rs.1500 and it was sold for Rs.1230, find the loss %?

  • A. 18%
  • B. 9%
  • C. 15%
  • D. 6%Educational Resources

Explanation: The loss is Rs.1,500 - Rs.1,230 = Rs.270. Loss percent = Rs.270/Rs.1,500 x 100 = 18%.

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Correct answer: 18%

140. An article is bought for Rs.600 and sold for Rs.500, find the loss percent?

  • A. 16 4/3%
  • B. 100/3%
  • C. 16%
  • D. 16 2/3%

Explanation: The loss is Rs.600 - Rs.500 = Rs.100. Therefore loss percent = Rs.100/Rs.600 x 100 = 16 2/3%.

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Correct answer: 16 2/3%
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