Top 50+ Solved PROFIT AND LOSS MCQ Questions Answer
Q. person sold a stove for Rs. 423 and incurred a loss of 6%. At what price would it be sold so asto earn a profit of 8%?
a. rs. 525
b. rs. 500
c. rs. 490
d. rs. 486
Q. A fruit seller buys lemons at 2 for a rupee and sells then at 5 for three rupees. His gain percentis
a. 10%
b. 15%
c. 20%
d. 25%
Q. A sells a car to B at 10% loss. If B sells it for Rs. 54000 and gains 20%, the cost price of thecar for A was
a. rs. 25000
b. rs. 50000
c. rs. 37500
d. rs. 60000
Q. If selling price of 40 articles is equal to cost price of 50 articles, the loss or gain percent is
a. 25% loss
b. 20% loss
c. 25% gain
d. 20% gain
Q. Two bicycles were sold for Rs. 3990 each, gaining 5% on one and losing 5% on the other. Thegain or loss percent on the whole transaction is
a. neither gain nor loss
b. 2.5% gain
c. 2.5% loss
d. 0.25% loss
Q. The ratio of cost price and selling price is 4:5. The profit percent is
a. 10%
b. 20%
c. 25%
d. 30%
Q. If a person sells a ‘sari’ for Rs. 5200, making a profit of 30%, then the cost price of the sari is
a. rs. 4420
b. rs. 4000
c. rs. 3900
d. rs. 3800
Q. Ramesh gets a profit of 20% in one trade and suffers a loss of 20% in the second when hesells 2 cycles for Rs. 4000 each. What is his profit or loss in the entire trade?
a. loss = 4%
b. loss = 16%
c. profit = 16%
d. profit = 4%
Q. Guddi buys some oranges in a shop at 4 per rupee. She goes to other shop and buys samenumber of oranges at 5 per rupee. She then combines them in a basket and sells them at 4 perrupee. Will she get a profit or loss? And how much?
a. profit = 100/9 %
b. loss = 100/9 %
c. profit = 116/9 %
d. loss = 116/9 %
Q. Uma wants to gain 15% profit on her sale of sugar. She buys 120 kg of sugar at Rs. 24 per kgto mix with 180 kg of sugar bought at Rs. 28 per kg. She sells the sugar mix at ….
a. rs. 8159
b. rs. 9108
c. rs. 9756
d. rs. 8564
Q. Rohit got profit of 11½% by selling his old car. However he realized that had he sold it forRs. 8100 more, his profit would be 38.5%. At what price did he buy the car?
a. rs. 44500
b. rs. 55000
c. rs. 41000
d. rs. 30000