# MCQ on Profit and Loss

**MCQ on Profit and Loss**

**1-A bookseller sold 500 copies of a book at a profit of 20 %. If he gains a profit of Rs. 5/book, what is the cost price of the book?**

(A) Rs. 25

(B) Rs. 50

(C) Rs. 75

(D) Rs. 100

**2-Raman purchased 10 toys at the rate of Rs. 400 per toy. He sold each one of them at the rate of Rs. 55. What was his profit or loss?**

(A) Profit of Rs. 10

(B) Loss of Rs. 10

(C) Profit of Rs. 15

(D) Loss of Rs. 15

**3-A land broker purchases a land for Rs.1,50,000 and sold for Rs 2,20,000. Find his gain percent.**

(A) 35.2%

(B) 37.1%

(C) 45.7%

(D) 46.7%

**4-What is the selling price of an article whose original price is if the article is sold at 15% loss?**

(A) Rs. 94.75

(B) Rs. 535.50

(C) Rs. 599.50

(D) Rs. 724.75

**5-A shopkeeper sold a shirt for Rs. 1250. If the cost price of the shirt Rs.980, find the profit percent.**

(A) 25.55%

(B) 26.55%

(C) 27.55%

(D) 28.55%

**6-What is the profit percentage of a shopkeeper if the selling price is four times the value of 1/3rd of the buying price?**

(A) 13.33%

(B) 23.33%

(C) 33.33%

(D) 66.67%

**7-Rahul purchased a jacket for Rs 500 while its original price was Rs 700. He also purchased a shirt for Rs 200, the cost price of which was Rs 400. Calculate the total profit Rahul made.**

(A) Rs. 200

(B) Rs. 300

(C) Rs. 400

(D) Rs. 500

**8-If the cost price of 60 guavas is equal to the selling price of 45 guavas, what is the profit percent in this transaction?**

(A) 31.33

(B) 32.33

(C) 33.33

(D) 34.33

**9-The farmer sells a cow for Rs. 15000 and got a profit percentage of 50 %. Find the cost price of the cow?**

(A) Rs. 10,000

(B) Rs. 12,000

(C) Rs. 12,500

(D) Rs. 14,500

**10-A soft toy was sold at a gain of 8%. Had it been sold for Rs.36 more, the gain would have been 12%. Find the cost price of the soft toy?**

(A) Rs. 600

(B) Rs. 900

(C) Rs. 1200

(D) Rs. 1500

**ANSWERS:**

**1-(A), 2-(C), 3-(D), 4-(B), 5-(C), 6-(C), 7-(C), 8-(C), 9-(A), 10-(B)**