Multiple Choice Questions (MCQ) on Profit and Loss

Multiple Choice Questions (MCQ) on Profit and Loss

1-The list price of a book is Rs. 220. A discount of 20% on sales is announced. What is the amount of discount on it and its selling price?

(A) 20, 84

(B) 30, 95

(C) 52, 180

(D) 44, 176

 

2- If a discount of 20% is given then selling price of an article is Rs. 24. What would be the selling price if the discount of 30% is given?

(A) Rs. 19

(B) Rs. 20

(C) Rs. 21

(D) Rs. 22

 

3- Sara baked cakes for the school festival. The cost of one cake was Rs. 55. She sold 25 cakes and made a profit of Rs. lion each cake. Find the selling price of the cakes

(A) Rs. 1,350

(B) Rs. 1,450

(C) Rs. 1,500

(D) Rs. 1,650

 

4- A bicycle marked at Rs. 1,500 is sold to a 1,350. What is the percentage of discount?

(A) 7.5%

(B) 10%

(C) 12%

(D) 15%

 

5- A man sells two wrist watches at Rs. 594 each. On one he gains 10% and on the other he loses 10%. On the whole there is

(A) 1% loss

(B) 1% profit

(C) 11% loss

(D) 11% profit

 

6-The cost price of 20 articles is the same as selling price of x articles. If the profit is 25% then the number of articles is

(A) 15

(B) 16

(C) 17

(D) 18

 

7- A man buys 10articles for Rs. 8 and sells them at the rate of Rs. 1.25 per article. His gain is

(A) 20.5%

(B) 50.25%

(C) 52%

(D) 56.25%

 

8-Raman bought an old bike for Rs. 4300 and spends Rs. 900 on its repair. He sold the bike for Rs. 4200. Did he make a profit or incur a loss and by how much?

(A) Profit of Rs. 1000

(B) Loss of Rs. 1000

(C) Profit of Rs. 1500

(D) Loss of Rs. 1200

 

9-John purchases 20 dozens of toys at the rate of Rs.225 per dozen. He sells each toy at the rate of Rs.25. What is his percentage profit?

(A) 45.23%

(B) 35.55%

(C) 33.33%

(D) 56.23%

 

10-In a transaction, the profit percentage is 50% of the cost. If the cost increases by 20%, but the selling price remains the same, how much is the decrease in profit percentage?

(A) 25%

(B) 35%

(C) 45%

(D) 40%

 

ANSWERS:

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