Profit and Loss Multiple Choice Questions
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%
11. Raju sold a cow for Rs. 16000 at a loss of 20%. At what price should he have sold it to gain 20%?
(A) Rs. 24800
(B) Rs. 16000
(C) Rs. 19200
(D) Rs. 18600
12. Raju bought an oven for Rs. 25000. He sold it for Rs. 28000. What percentage of profit did he earn?
(A) 9%
(B) 10%
(C) 11%
(D) 12%
13. Rinku buys a book for Rs. 250 and sells it at a loss of 15%. What is the selling price of the book
(A) Rs. 210.25
(B) Rs. 225.75
(C) Rs. 212.50
(D) Rs. 234.75
14. Raju sold a cow for Rs.14000 at a loss of 20%. At what price should he have sold it to gain 20%?
(A) Rs. 16800
(B) Rs. 16000
(C) Rs. 21000
(D) Rs. 18600
15. Chandra buys a mixer grinder for Rs. 3500 and sells it at a loss of 15%. What is the selling price of the mixer grinder?
(A) Rs. 2500
(B) Rs. 2895
(C) Rs. 2975
(D) Rs. 2960
16. A shopkeeper buys 1000 umbrellas for Rs.85 each. He sells them for Rs.100 each. Did he make a profit or incur a loss and by how much?
(A) Profit of Rs. 10000
(B) Loss of Rs. 85000
(C) Profit of Rs. 15000
(D) Profit of Rs. 16000
17. The loss incurred by selling a mobile phone is Rs. 1000. Find the loss percentage if the cost of the mobile phone was Rs. 16000.
(A) 4.50%
(B) 5.65%
(C) 6.25%
(D) 7.45%
18. Arjun buys 2000 caps for Rs.63 each. He sells them for Rs.87 each. Did he make a profit or incur a loss and by how much?
(A) Profit of Rs. 24000
(B) Loss of Rs. 27500
(C) Profit of Rs. 48000
(D) Profit of Rs. 34600
19. Ramu bought a television for Rs. 21,950 and sold it at a loss of Rs. 2,580. Find the selling price of the television?
(A) Rs. 20,680
(B) Rs. 19,370
(C) Rs. 18,540
(D) Rs. 16,560
20. Rahul sold his watch for Rs. 3200 and gained Rs. 400. Find the cost price of the watch.
(A) Rs. 2,800
(B) Rs. 3,000
(C) Rs. 3,200
(D) Rs. 3,400
21. Liza allows 20% discount on the marked price of her goods and still earns a profit of 20%. What is the cost price of a suit for her marked price at Rs.6600?
(A) Rs. 4400
(B) Rs. 5500
(C) Rs. 6500
(D) Rs. 7700
22. Amit loses the selling price of 5 books on selling 35 books. His loss percentage is
(A) 10%
(B) 11.5%
(C) 12.5%
(D) 14.5%
23. The Selling Price of an article is 3/4th of the Cost Price of the article. Find the loss percentage.
(A) 20%
(B) 25%
(C) 30%
(D) 35%
24. A person bought a clock at Rs. 350 and sold it at a profit of 12%. What is the selling price?
(A) Rs. 361
(B) Rs. 381
(C) Rs. 392
(D) Rs. 402
25. What is the profit earned if a sweater costing Rs.800 is sold for a profit percentage of 43% ?
(A) Rs. 314
(B) Rs. 324
(C) Rs. 334
(D) Rs. 344
26. Rahul sold an article for Rs. 600. If the cost price of the article is 500, find the profit percent.
(A) 15%
(B) 20%
(C) 25%
(D) 30%
27. Mumtaz bought a microwave oven for Rs. 9000. She sold it at a profit of 15%. What was the selling price of the microwave oven?
(A) Rs. 7760
(B) Rs. 9650
(C) Rs. 10350
(D) Rs. 10700
28. 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. 300
(B) Rs. 400
(C) Rs. 500
(D) Rs. 600
29. Sudha buys a painting that has a marked price of Rs. 800. The shopkeeper offered a discount of 15% on the marked price. If Sudha sells the bag for Rs. 925, what will be her profit?
(A) Rs. 120
(B) Rs. 245
(C) Rs. 360
(D) Rs. 480
30. Kurush sells his camera such that the cost price of the camera is 20% of its selling price. What is Kurush’s profit percentage?
(A) 100%
(B) 200%
(C) 300%
(D) 400%
31. If the profit on an article is equal to one third of the selling price of an article, find the profit percentage.
(A) 10%
(B) 25%
(C) 50%
(D) 75%
32. Ascertain the profit earned during the year, when the capital is increased by Rs. 50,000 and drawings by Rs. 7,500.
(A) Rs. 41,700
(B) Rs. 52,500
(C) Rs. 57,500
(D) Rs. 59,000
33. A person sold a clock at Rs. 460 to earn 15% profit. What was his cost price?
(A) Rs. 250
(B) Rs. 300
(C) Rs. 350
(D) Rs. 400
34. A bookseller sold 240 copies of a book at a profit of 20%. If the cost price of all the books is Rs.12000, what is the selling price of all the books?
(A) Rs. 14,400
(B) Rs. 15,400
(C) Rs. 16,400
(D) Rs. 17,400
35. Altaf earns a profit of 15% on selling price. Find the profit percent on the cost price.
(A) 14.82%
(B) 16.06%
(C) 17.64%
(D) 18.52%
36. Priti purchased a cycle for Rs. 1800 and sold it for Rs. 2050. Find her gain percent (approximate).
(A) 8%
(B) 10%
(C) 12%
(D) 14%
37. . Ram sold a laptop to a customer at a cost price of Rs 25000 with a profit of 40%. Calculate the selling price.
(A) Rs. 34,000
(B) Rs. 35,000
(C) Rs. 36,000
(D) Rs. 37,000
38. John purchased a novel for Rs 20000, and sold it for Rs 16000. Find the loss per cent.
(A) 18%
(B) 20%
(C) 22%
(D) 24%
39. A person sold a toy for Rs. 300 and he gains Rs. 50. Calculate the gain percentage.
(A) 5%
(B) 10%
(C) 15%
(D) 20%
40. A bicycle is bought for Rs. 900 and sold for Rs. 1260. Find the gain percent?
(A) 20
(B) 30
(C) 40
(D) 50
41. A person bought a toy for Rs. 2000. For how much should the toy be sold to get a gain of 5%?
(A) Rs. 2,000
(B) Rs. 2,050
(C) Rs. 2,100
(D) Rs. 2,150
42. A shopkeeper bought 24 eggs for Rs.32. For how much should he sell one egg to gain 50 percent?
(A) Rs. 1.50
(B) Rs. 2.00
(C) Rs. 2.50
(D) Rs. 3.00
43. 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
44. 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
45. 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%
46. 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
47. 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%
48. 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%
49. 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
50. 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
51. 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
52. 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
53. Lata buys a smart TV for Rs.70,700 and sold it at a gain of 4(3/7)% . For how much does she sell it?
(A) Rs. 72,474
(B) Rs. 73,831
(C) Rs. 74,147
(D) Rs. 75,684
54. By selling a toy for Rs.318.50, a seller loses 2%. For how much should he sell the toy to gain 6%?
(A) Rs. 344.50
(B) Rs. 312.50
(C) Rs. 351.50
(D) Rs. 354.50
55. Sudha buys a table for Rs.5600 and sells it at a loss of 5.5%. For how much does she sell it?
(A) Rs. 5382
(B) Rs. 5142
(C) Rs. 5545
(D) Rs. 5292
56. After selling 160 apples Arshad earns a profit equal to selling price of 20 apples. His profit percentage is:
(A) 14.28%
(B) 12.46%
(C) 13.64%
(D) 11.52%
57. The revenue of a Company during 2019. 2020 is Rs. 50 lakhs. The cost of goods sold was Rs. 20 lakhs. What is the gross profit margin of the company?
(A) 60%
(B) 70%
(C) 80%
(D) 90%
58. On selling a washing machine for Rs.14000, Bharath gains 12%. For how much did he purchase it?
(A) Rs. 11,500
(B) Rs. 12,000
(C) Rs. 12,500
(D) Rs. 13,000
59. A vendor buys 10 dozens of toys at the rate of Rs.600 per dozen. He sold each toy at the rate of Rs.55. What is the profit percentage?
(A) 8%
(B) 10%
(C) 12%
(D) 14%
60. A book is sold for a profit of 40%. If the cost price of the book is Rs.25, find its selling price.
(A) Rs. 28
(B) Rs. 30
(C) Rs. 32
(D) Rs. 35
61. The selling price of 10 T. Shirts is equal to the cost price of 13 T. Shirts. Find the profit percentage in this transaction.
(A) 20%
(B) 25%
(C) 30%
(D) 35%
62. A vendor bought bottles at Rs 12 per bottle. He sold each at Rs 10. What is his loss%?
(A) 16.66%
(B) 20%
(C) 67.6%
(D) 73%