MCQ on Profit and Loss

Objective Questions on Profit and Loss

1 A person sold a stove for Rs. 423 and incurred a loss of 6%. At what price would it be sold so as to earn a profit of 8%?
(a) Rs. 525
(b) Rs. 500
(c) Rs. 490
(d) Rs. 486
2 The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is
(a) 15
(b) 16
(c) 18
(d) 25
3 In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?
(a) 30%
(b) 70%
(c) 100%
(d) 250%
4 A cycle is bought for Rs.900 and sold for Rs.1080, find the gain percent?
(a) 15%
(b) 18%
(c) 20%
(d) 25%
5 A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price?
(a) Rs. 1000
(b) Rs. 1200
(c) Rs. 1400
(d) Rs. 1500
6 A person A sells a table costing Rs. 2000 to a person B and earns a profit of 6%. The person B sells it to another person C at a loss of 5%. At what price did B sell the table?
(a) 2226
(b) 2160
(c) 2014
(d) 2114
7 At what percentage above the cost price must an article be marked so as to gain 33% after allowing a customer a discount of 5%?
(a) 35%
(b) 38%
(c) 42%
(d) 40%
8 A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is
(a) 20%
(b) 21%
(c) 22%
(d) 25%
9 By selling 45 lemons for Rs 40, a man loses 20%. How many should he sell for Rs 24 to gain 20% in the transaction ?
(a) 16
(b) 18
(c) 20
(d) 22
10 A shopkeeper earns a profit of 125 on selling a book at 10% discount on the printed price. The ratio of the cost price and the printed price of the books is
(a) 45 : 56
(b) 45 : 51
(c) 47 : 56
(d) 47 : 51
11 A sells an article to B at a profit of 10% B sells the article back to A at a loss of 10%. In this transaction
(a) A neither losses nor gains
(b) A makes a profit of 11%
(c) A makes a profit of 20%
(d) B losses 20%
12 If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for
(a) Rs. 1200
(b) Rs. 1000
(c) Rs. 960
(d) Rs. 900
13 If selling price of 40 articles is equal to cost price of 50 articles, the loss or gain percent is
(a) 25% loss
(b) 20% loss
(c) 25% gain
(d) 20% gain
14 The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
(a) Rs. 2000
(b) Rs. 2200
(c) Rs. 2400
(d) Data Inadequate
15 Ramesh purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
(a) 3.5
(b) 4.5
(c) 5.6
(d) 6.5