Profit and Loss MCQ Objective Type Question for Competitive Exams
Q.1 If by selling an article for Rs. 100 a man gains Rs. 15, then his gain percent is….
(A) 15%
(B) 12 2/3 %
(C) 17 11/17 %
(D) 17 ¼ %
Ans . C
Q.2 When A commodity is sold for Rs. 34.80, there is a loss of 25%. What is the cost price of the commodity?
(A) Rs. 46.40
(B) Rs. 26.10
(C) Rs. 43
(D) Rs. 43.20
Ans . A
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Q.3 If the S.P. of an article for is 4/3 times its C.P. the profit percent is…….
(A) 33 1/3%
(B) 25 1/4 %
(C) 20 ½ %
(D) 20 ¾ %
Ans . A
Q.4 By selling an article for Rs. 19.50, a dealer makes a profit of 30%. By how much should he increase his S.P. so as to make a profit of 40%?
(A) Rs. 1.50
(B) Rs. 1.75
(C) Rs. 2
(D) Rs. 3
Ans . A
Q.5 The C.P. of 20 articles is the same as S.P. of 15 articles. The profit percent is….
(A) 25%
(B) 30%
(C) 33 1/3 %
(C) 50%
Ans . C
Q.6 A fruit seller purchases oranges at the rate of 3 for Rs. 5 and sells them at 2 for Rs. 4. His profit is…….
(A) 10%
(B) 11%
(C) 20%
(D) 25%
Ans . C
Q.7 A dealer professing to sell his goods at C.P., uses a 900-gm weight for a kg. His gain percent is……
(A) 9%
(B) 10%
(C) 11%
(D) 11 1/9 %
Ans . D
Q.8 A man buys eggs at 2 for Rs. 1 and an equal number at 3 for Rs. 2 and sells the whole at 5 for Rs. 3. His gain or loss percent is…….
(A) 2 2/7 %
(B) 3 6/7 %
(C) 3 2/7 %
(D) 2 6/7 %
Ans . D
Q.9 A sells a bicycle to B at a profit of 20% and B sells it to C at a profit of 25%. If C pays Rs. 1500, what did A pay for it?
(A) Rs. 825
(B) Rs. 1000
(C) Rs.110
(D) Rs. 1125
Ans . B
Q.10 Two mixers and a TV costs Rs. 7000, while 2 TVs and a mixer cost Rs. 9800. The values of one TV is……
(A) Rs. 2800
(B) Rs. 2100
(C) Rs. 4200
(D) Rs. 8400
Ans . C
Profit and Loss
Q.11 A man sell two horses at the same amount. On one he gains 5% and on the other he loses 5%. His gain or loss percent in the whole transaction is….
(A) 0.25% loss
(B) 0.25% gain
(C) 2.5% loss
(D) 2.5% gain
Ans . A
Q.12 There would be 10% loss if a toy is sold at Rs. 10.80 per piece. At what price should it be sold to earn a profit of 20%?
(A) Rs. 12
(B) Rs. 12.96
(C) Rs. 14.40
(D) None of these
Ans . C
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Q.13 If by selling 110 mangoes, the C.P. of 120 mangoes is realized, the gain percent is….
(A) 11 1/9 %
(B) 9%
(C) 11%
(D) 9 1/11 %
Ans . D
Q.14 A reduction of 25% in the price of eggs will enable one to buy 4 dozen more eggs for Rs. 96. What is the price per dozen?
(A) Rs. 6
(B) Rs. 8
(C) Rs. 9
(D) Rs. None of these
Ans . B
Q.15 An article when sold at a gain of 5% yields Rs. 15 more than when sold at a loss of 5%. What is the C.P.?
(A) Rs. 64
(B) Rs. 80
(C) Rs. 150
(D) None of these
Ans . C
Q.16 The C.P. of an article is 40% of the S.P. The percent that the S.P. is of C.P. is….
(A) 250%
(B) 240%
(C) 60%
(D) 40%
Ans . A
Q.17 An article is sold at a certain price. By selling it at 2/3 of that price one loses 10%. The gain percent at original price is….
(A) 20%
(B) 33 1/3 %
(C) 35%
(D) 40%
Ans . C
Q.18 A person sold his watch for Rs. 75 and got a percent profit equal to the C.P. Find the C.P.
(A) Rs. 25
(B) Rs. 50
(C) Rs. 100
(D) None of these
Ans . B
Q.19 A seller marks his goods at 25% above their CP and allows a discount of 10%. His profit percent is….
(A) 10%
(B) 12.5%
(C) 20%
(D) None of these
Ans . B
Q.20 If an article is sold at 5% gain instead of 5% loss. The seller gets Rs. 6.72 more. The C.P. of the article is….
(A) Rs. 67.20
(B) Rs. 60
(C) Rs. 50
(D) None of these
Ans . A
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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