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 9 of 9
- A. Rs. 1851
- B. Rs. 1941
- C. Rs. 1951
- D. Rs. 1961
Explanation: Nine months contains 3 quarterly periods, and the quarterly rate is 16% / 4 = 4%. Compound interest is Rs. 15,625[(1.04)^3 - 1] = Rs.
Correct answer: Rs. 1951- A. Rs. 2.04
- B. Rs. 3.06
- C. Rs. 4.80
- D. Rs. 8.30
Explanation: For yearly compounding over 1.5 years, the amount is Rs. 5000 x 1.04 plus half-year simple interest on Rs. 5200, giving Rs. 5200 + Rs.
Correct answer: Rs. 2.04- A. 16
- B. 8
- C. 12
- D. 20
Explanation: If the money doubles in 4 years, each 4-year period multiplies it by 2.
Correct answer: 12- A. 18
- B. 12
- C. 9
- D. 6
Explanation: The amount becomes 3 times in 3 years, so each 3-year interval multiplies the principal by 3.
Correct answer: 6- A. 4%
- B. 5%
- C. 6%
- D. 8%
Explanation: For 2 years, the difference between compound and simple interest is P(r/100)^2 = Rs. 41 - Rs. 40 = Rs. 1.
Correct answer: 5%- A. Rs.81.60
- B. Rs.160
- C. Rs.1081.60
- D. Rs.99
Explanation: Simple interest of Rs. 80 at 4% for 2 years gives P x 4 x 2 / 100 = Rs. 80, so P = Rs. 1000. Compound interest is Rs.
Correct answer: Rs.81.60- A. Rs.6620
- B. Rs.6500
- C. Rs.6800
- D. Rs.6400
Explanation: The compound interest on Rs. 20,000 for 3 years at 10% is Rs. 20,000[(1.10)^3 - 1] = Rs. 20,000 x 0.331 = Rs. 6620.
Correct answer: Rs.6620- A. 4 years
- B. 6 years
- C. 2 years
- D. 3 years
Explanation: The growth factor is Rs. 9261 / Rs. 8000 = 1.157625, and 1.05^3 = 1.157625. Therefore the interval is 3 years at 5% compound interest.
Correct answer: 3 years- A. Rs.420.20
- B. Rs.319.06
- C. Rs.306.04
- D. Rs.294.75
Explanation: For half-yearly compounding, the rate per half-year is 4% / 2 = 2%, and 1.5 years contains 3 half-years. Compound interest is Rs.
Correct answer: Rs.306.04- A. Rs. 21000
- B. Rs. 17500
- C. Rs. 19000
- D. Rs. 24500
Explanation: Let the cost prices be x rupees and y rupees, so x + y = 35000 rupees. The total profit is 32% of 35000 rupees = 11200 rupees, giving…
Correct answer: Rs. 21000- A. 14.85%
- B. 9.98%
- C. 16.20%
- D. 14.50%
Explanation: A selling price of Rs. 50000 at 17% profit means the cost price is Rs. 50000 / 1.17 = Rs. 42735.04 approximately.
Correct answer: 9.98%- A. 37.5%
- B. 48%
- C. 50.5%
- D. 52%
Explanation: Let the marked price be Rs. 100, so the cost price is Rs. 64. After a 12% discount, selling price = Rs. 100 x 0.88 = Rs.
Correct answer: 37.5%