**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 Kurushâ€™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%