Most Important Profit and Loss MCQ
1) A person sold a stove for Rs. 423 and incurred a loss of 6%. At what price would it be sold so as to earn a profit of 8%?
- A. Rs. 490
- B. Rs. 486
- C. Rs. 525
- D. Rs. 500
2) A sells a car to B at 10% loss. If B sells it for Rs. 54000 and gains 20%, the cost price of the car for A was
- A. Rs. 37500
- B. Rs. 50000
- C. Rs. 60000
- D. Rs. 25000
3) Ramesh gets a profit of 20% in one trade and suffers a loss of 20% in the second when he sells 2 cycles for Rs. 4000 each. What is his profit or loss in the entire trade?
- A. Profit = 16%
- B. Loss = 4%
- C. Profit = 4%
- D. Loss = 16%
4) Chaman sells 40 fans at 10% profit. He wants a total of 20% profit on the entire sale. Since he got 160 fans at rate of Rs. 100 each, at what profit must he sell the remaining fans?
- A. 160/58%
- B. 100/3%
- C. 70/3%
- D. 30%
5) P sells an article to Q at 10 % profit. Q sells it to R at 25 % profit. If R pays Rs. 250 for it, What did P pay for it ?
- A. Rs. 181.81
- B. Rs. 198..50
- C. Rs. 162.30
- D. Rs. 225
6) P, Q, R subscribe Rs. 50,000 for a business. P subscribes Rs. 4000 more than Q and Q Rs. 5000 more than R. Out of a total profit of Rs. 25,000, what will be P's share?
- A. Rs. 13,600
- B. Rs. 8400
- C. Rs. 14,700
- D. Rs. 10,500
7) If selling price of 12 pens is equal to the cost price of 18 pens, find the profit percent.
- A. 50%
- B. 25%
- C. 33.3%
- D. 40%
8) A man sells 45 lemons for Rs 40 and loses 20%. At how much price should he sell 24 lemons to the next customer to make a 20% profit?
9) The cost price of a particular amount of articles is same as the number of articles. Selling price of the articles comes out to be 20. Over the whole transaction 25% is gained. What is X?
10) The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:
11) A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
12) Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
13) On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:
- A. Rs. 60
- B. Rs. 55
- C. Rs. 45
- D. Rs. 50
14) A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:
- A. 10%
- B. 8%
- C. 5%
- D. No profit, no loss
15) A shopkeeper sells his goods at cost price but uses a faulty meter that weighs 950 grams. Find the profit percent.
- A. 100/19%
- B. 100/23%
- C. 100/13%
- D. 100/17%
16) In terms of percentage profit, which among following the best transaction.
- A. C.P. 40, Profit 19
- B. C.P. 60, Profit 29
- C. C.P. 50, Profit 24
- D. C.P. 36, Profit 17
17) The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x
18) In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit
- A. 80%
- B. 90%
- C. 70%
- D. None of above
19) If the manufacturer gains 10 %, the wholesale dealer 15 % and the retailer 25 %, then find the cost of production of a table if the retail price was Rs 1265
- A. Rs. 800
- B. Rs. 850
- C. Rs. 900
- D. Rs. 750
20) A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is
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Profit and Loss MCQ & Online Quiz 2023 -...: Profit and loss MCQ Questions: Whether you are freshers or experience these Profit and loss MCQ questions are for you to brush up your oops skills before an interview. In this Profit and loss quiz have listed the best questions. Here you can also take the Profit and loss mock test which is also known as the Profit and loss online test.
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