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?
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
7- A man buys 10articles for Rs. 8 and sells them at the rate of Rs. 1.25 per article. His gain is
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?
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?
1-(D), 2-(C), 3-(D), 4-(B), 5-(A), 6-(B), 7-(D), 8-(B), 9-(C), 10-(A)