profit loss mcq in English
profit loss mcq in English

Profit & Loss Most Important 101 MCQ Questions/Assignments

Questions of Profit and Loss for Practices

MCQ based on previous and upcoming all comitative exams

for IAS/PCS/SSC/Bank/Railway/NTPC/ etc.

1. A person buys a book for X 200 and sells it for X 225. What will be his gain per cent?

(a) 13% (b) 14%

(c) 18.4% (d) 12.5%

2. A person buys a watch for X 500 and sells it for X 300. Find his loss per cent.

(a) 30% (b) 40% (c) 35% (d) 45%

(e) None of the above

3. A salesman expects a gain of 13% on his cost price. If in a month, his sale was X 791000, what was his profit?

(a)X 91000 (b)X 97786

(c) X 85659 (d) X 88300

4. A gold bracelet is sold for X 14500 at a loss of 20%. What is the cost price of the gold bracelet? [SBI PO 2012]

(a) ? 18125 (b) X 17400

(c) X 15225 (d) X 16800

(e) None of the above

5. Find the SP when CP is X 40 and gain is 25%.

(a) X 50 (b) X 45

(c) X 60 (d) X 49

(e) None of the above

6. Anita purchased a bicycle at a cost of X 3200. She sold it at a loss of X 240. At what price did she sell the bicycle?

 (a) X 2960 (b) X 2690 (C) X 3440 (d) X 3360

(e) None of the above

7. Find the CP when SP is X 400 and loss is 70%.

8. By selling a cycle for X 2345, a student loses 19%. His cost price is nearly

(a) X 4000 (b) X 5000

(c) X 3000 (d) X 3500

(e) None of the above

9. A man loses 10% by selling an article for X 180. At what price should he sell it to gain 10%?

(a)?220 (b)X 217.80

(c) X 200 (d) X 216

10.A calculator is bought for X 350 and sold at a gain of 15%. What will be the selling price of calculator (in ?)? [Hotel Mgmt. 2010]

(a) 385 (b) 375 (c) 472 (d) 402.50

(e) None of the above

11. By selling a cellphone for X 2400, a shopkeeper make a profit of 25%. Then, his profit percentage, if he had sold it for X 2040, is

  • 10% (b) 6.25% (C) 6.5% (d) 15%

12. If the cost price is 95% of the selling price, what is the profit per cent?

(a) 4 (b) 4.75 (c) 5 (d) 5.26

13. The owner of a cell phone shop charges his customer 28% more than the cost price. If the customer paid X 8960 for the cell phone, what was the cost price of the cell phone? [Bank Clerks 2009]

(a) X 7800 (b) X 7000 (c) X 6900 (d) X 6850

(e) None of the above

14. Selling price of an article is X 2220 and the per cent profit earned is 20%. What is the cost price of the article?

 (a) X 1750 (b) X 1876

(C) X 1776 (d) X 1850

(e) None of the above

15. By selling an article for X 720, a man loses 10%. At what price should he sell it to gain 5%?

(a) X 840 (b) X 890 (c) X 1000 (d) X 995 (e) None of the above

16. Rajdeep loses 20% by selling a radio for X 768. What per cent will he gain by selling it for X 1020?

(a) 7.25% (b) 5.25%

(c) 6.25% (d) 8.25%

(e) None of the above

17. If a watch is sold for X 120, there is a loss of 15%. For a profit of 2%, the watch is to be sold for

(a) X 144 (b) X 175

(c) X 185 (d) X 165

(e) None of the above

18. Rajan sold an article for X 6000 at a loss of 25%. Find the cost price. [Bank Clerks 2010]

(a) X 7500 (b) X 7200 (c) X 8000 (d) X 8500

(e) None of the above

19. A trader buys some goods for X 150. If the overhead expenses be 12% of the cost price, at what price should it be sold to earn 10%? [Railways 2007]

(a) X 184.80 (b) X 185.80

(c) X 187.8 (d) X 188.80

20. A person sold an article for X 3600 and got a profit of 20%. Had he sold the article for X 3150, how much profit would he have got? [CDS 2013]

(a) 4% (b) 5% (c) 6% (d) 10%

21.Meera purchased 23 bracelets at the rate of X 160 per bracelet. At what rate per bracelet should she sell the bracelets so that profit earned is 15%?

(a) X 184 (b) X 186 (c) X 192 (d) X 198 (e) None of the above

22.Neeta got profit of 10% on selling an article in X 220. To get the profit of 30%, she should sell the article in how many rupees?

(a) X 220 (b) X 230 (c) X 260 (d) X 280

23. Niraj incurred a loss of 55% on selling an article for X 9549. What was the cost price of the article?

(a) X 27700 (b) X 25600

(c) X 21220 (d) X 29000

24.Find the percentage loss when the cost price and selling price of an article are in the ratio of 5 : 3.

(a) 40% (b) 35% (c) 45% (d) 26% (e) None of the above

25.A shopkeeper sells eggs at 20 for a rupee gaining 30%. How many eggs did he buy for a rupee?

(a) 40 (b) 30 (c) 35 (d) 26 (e) None of the above

26. A man bought toffees at 6 for a rupee. How many toffees for a rupee must he sell to gain 50%?

(a) 5 (b) 2 (c) 4 (d) 6 (e) None of the above

27. An article is sold for X 300 at a profit of 20%. Had it been sold for X 235, the loss percentage would have been

(a) 3% (b) 5% (c) 6% (d) 16%

28. The profit earned after selling a pair of shoes for X 2033 is the same as the loss incurred after selling the same pair of shoes for X 1063. What is the cost price of the shoes?

(a) X 1650 (b) X 1548 (c) X 1532 (d) Cannot be determined (e)None of the above

29. A man sells an article at a profit of 40%. If he had bought it at 40% less and sold for X 5 less, he would have gained 50%. Find the cost price of the article. [MBA 2010]

(a) X 10 (b) X 15 (c) X 20 (d) X 30 (e) None of the above

30. Charu purchased a dinner set at 3/10 th of its selling price and sold it at 10% more than its CP. Find the gain per cent.

 (a) 15% (b) 5% (c) 9% (d) 10% (e) None of the above

31. The owner of a furniture shop charges his customer 18% more than the CP. If a customer paid X 10207 for a dining table, then find its original price. [LIC ADO 2010]

(a) X 9240 (b) X 8650

(c) X 9840 (d) X 7670

(e) None of the above

32. Meena purchased two fans each at X 1200. She sold one fan at the loss of 5% and other at the gain of 10%. Find total gain or loss per cent. [Bank Clerks 2009]

(a) 1.2% loss (b) 1.2% profit

(c) 2.5% profit (d) 2.5% loss

(e) None of the above

33. A woman bought eggs at X 30 per dozen. The selling price per hundred so as to gain 12% will be (in X)

(a) 280 (b) 250 (c) 300 (d) 360 (e) None of the above

34. A man purchases a certain number of oranges at 4 a rupee and the same number of oranges at 5 a rupee. He mixes them together and sells them at 4 a rupee. What is his gain or loss per cent?

35. A man gains 10% by selling an article for a certain price. If he sells it at double the price, then the profit made is

(a) 120% (b) 20%

(c) 40% (d) 100%

36. A man sold an article for X 322, gaining l/6th of his outlay. Find the cost price of the article.

(a) X 300 (b) X 376

(c) X 175 (d) X 276

(e) None of the above

37. The cost price of an item is two-third of its selling price. What is the gain or loss per cent on that item? [Bank Clerks 2010]

(a) 45 (b) 50

(c) 35 (d) 54

(e) None of the above

38. The difference between the CP and SP of an article is X 240. If the profit is 20%, the selling price is [SSC (10+2)2011]

(a) X 1440 (b) X 1400

(c) X 1240 (d) X 1200

39. Pankaj purchased an item for X 7500 and sold it at the gain of 24%. From that amount he purchased another item and sold it at the loss of 20%. What is his over all gain/loss?

(a)Loss of X 140

(b)Gain of X 60

(c)Loss of X 60

(d)Neither gain nor loss

(e)None of the above

40. Sumit purchased an item for X 4000 and sold it at the gain of 35%. From that amount, he purchased another item and sold it at the loss of 20%. What is his over all gain/loss? [Bank Clerks 2011 ]

a Loss of X 340

b Gain of X 320

c Loss of X 360

d Neither gain nor loss

e None of the above

41. A man purchases a certain number of toffees at 6 per rupee and the same number of toffees at 7 per rupee. He mixes the toffees and sells them at 6 per rupee. What is his gain or loss per cent?

42. Raj sold an item for X 6384 and incurred a loss of 30%. At what price should he have sold the item to have gained a profit of 30%

(a) X 14656   (b) X 11856  (c) X 13544

(d)Cannot be determined   (e)None of the above

43.The price of a land passing through three hands, rises on the whole by 65%. If the first and second sellers earned 20% and 25% profit, respectively. Find the profit earned by the third seller.

(a) 20% (b) 55% (c) 10% (d) 25%

44. If the difference between the selling prices of an article at profit of 6% and 4% is X 3, then the cost price of the article should be [SSC (10+2)2010]

(a) X 100 (b) X 150

(c) X 175 (d) ?200

45.A man sells calculator at the rate of X 250 each which includes a profit of 14%. What amount of profit will he earn in 19 days, if he sells seven calculators per day? [IDBISO2012]

(a) X 4665 (b) X 4565

(c) X 4545 (d) X 4655

(e) None of the above

46.A fruit seller buys 700 oranges at the rate of X 500 for 100 oranges and another variety of 500 oranges at the rate of X 700 for 100 oranges and sells them at X 84 per dozen. The profit per cent is

(a) 20% (b) 40%

(c) 30% (d) 10%

47.A person sold his watch for X 75 and got a percentage profit equal to the cost price. The cost price of the watch is

(a) X 40 (b) X 45 (c) X 50 (d) X 55

48. Two lots of onions with equal quantity, one costing X 10 per kg and the other costing X 15 per kg, are mixed together and whole lot is sold at X 15 per kg. What is the profit or loss? [CDS 2013]

(a) 10% loss (b) 10% profit

(c) 20% profit (d) 20% loss

49. A fruit-seller buys lemons at 2 for a rupee and sells them at 5 for three rupees What is his gain per cent?

(a) 10% (b) 15% (c) 20% (d) 25%

50. A vender sells lemons at the rate of 5 for ? 14, gaining thereby 40%. For how much did he buy a dozen lemon? [SSC CGL 2010]

(a) ? 20 (b) ? 21 (c) ? 24 (d) ? 28

51. By selling 32 oranges for ? 30 a man loses 25%. How many oranges should be sold for ? 24 so as to gain 20% in the transaction?

(a) 16 (b) 24 (c) 32 (d) 28

(e) None of the above

52.Kamlesh purchased 120 reams of paper at rs.100 per ream and the expenditure on transport was rs 480. He had to pay an octroi duty of 50 paise per ream and the coolie charges were rs 60. What should he charge per ream to gain 40%?

(a) X 155 (b) X 147 (c) X 138(d) X 165

(e) None of the above

53. A producer of tea blends two varieties of tea from tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at X 21 per kg, then his gain percentage is

 (a) 18 (b) 8 (c) 10 (d) 12

54.A dealer sold three-fourth of his articles at a gain of 24% and the remaining at the cost price. Percentage of gain in the whole transaction is

(a) 15 (b) 18 (C) 24 (d) 32

55. A merchant buys p apples for X q and sells q apples for Rs p. If p < q, then in the whole outlay, he makes

56. Fens are bought at 5 for Rs 4 and sold at 4 for Rs 5. Find the gain per cent.

(a) 55% (b) 45.26%

(c) 56.25% (d) 60%

(e) None of the above

57. A person purchased 11 articles for Rs 10 and at 10 articles for Rs11. Find the gain percentage. [SSC CGL (Main) 2012]

(a) 22 (b) 20 (c) 1 (d) 21

58. The selling price of 20 articles is equal to the cost price of 22 articles. The gain percentage is [SSC CGL 2013]

(a) 12% (b) 9% (c) 10% (dj 11%

59. By selling 100 pens, a shopkeeper gains the selling price of 40 pens. Find his gain per cent.

(a) 4.47%(b) 6.67% (cj 8.8% (d) 5.59% (e) None of the above

60. If the cost price of 16 tables be equal to the selling price of 12 tables, the gain per cent is [SSC CPO 2013]

61. If the cost price of 23 toys is equal to selling price of 20 toys, then the gain or loss percentage is [SSC (10+2) 2012]

62. The cost price of 24 apples is same as the selling price of 18 apples. The percentage of gain is [SSCFCI 2012]

63. If the cost price of 16 pens is equal to the selling price of 12 pens, then the gain or loss per cent is [SSC Multitasking 2014]

64. If the cost price and selling price of an article are in the ratio of 10 : 11, then the percentage profit is [SSC CGL 2010]

(a) 10% (b) 9% (c) 3% (d) 1%

65. The cost price and selling price of an article are in the ratio of 3 : 7. If the selling price is Rs 700, then find the cost price

(a)  500 (b) 400 (c)  300 (d)  800

66. A dishonest dealer sells his goods at 10% loss on cost price but uses 20% less weight. What is his profit or loss per cent?

(a) 12% loss (b) 22.5% gain

(c) 13.9% loss (d) 12.5% gain (e) None of the above

67. A man sells rice at 10% profit and uses weight 30% less than the actual measure. His gain per cent is

68. A seller uses 920 g in place of one kg to sell his goods. When he sells his article at 15% gain on cost price, the actual percentage of profit is

(a) 20% (b) 15% (c) 25% (d) 30%

69. A trader sells wheat at 20% profit and uses weight 20% less than the actual measure. His gain per cent is

(a) 35% (b) 38% (c) 48% (d) 50% (e) None of the above

70. A dishonest dealer sells his goods at 10% loss on cost price and uses 30% less weight. What is his profit or loss per cent?

71. A dishonest dealer professes to sell his goods at cost price but he uses a weight of 920 g for 1 kg weight. Find his gain per cent.

72. A dealer sells goods at 4% loss on cost price but he uses 28 g instead of 32 g. What is his per cent profit or loss?

73. If the cost price of 20 articles is equal to the selling price of 15 articles, find the profit per cent. [Bank PO 2008]

74. A furniture seller sells two tables at ? 1500 each. He earned a profit of 20% on one table and suffered a loss of 20% on the another table. Net profit or loss in this deal is

  • 4% loss   (b) 4% profit (c)  Neither profit nor loss (d) 10% loss  (e)10% profit

75. A dishonest dealer sells articles at 10% loss on cost price but uses the weight of 16 g instead of 18 g. What is his profit or loss per cent?

76. A man sold two watches, each for X 495. If he gained 10% on one watch and suffered a loss of 10% on the other, then what is the loss or gain percentage in the transaction? [CDS 2011 ]

  • 1% gain  (b)1% loss (c) 100/99% loss (d) Neither gain nor loss

77. If an article is sold at a gain of 6% instead of at a loss of 6%, then the seller gets ? 6 more. The cost price of the article is [SSC CCL 2013]

(a) ? 106 (b) ? 50 (c) f 94 (d) X 100

78. Some apples are bought at 5 for ? 10 and sold at 6 for ? 15. What is the gain per cent?

(a) 35% (b) 45% (c) 20% (d) 25%

None of the above

79. A man sold two houses for ? 96000 each. In the sale of the first house, he incurred 20% profit and in the sale of the second, he incurred 20% loss, what is the gain or loss percentage in total? [SSC CCL (Main) 2012]

(a) 6% gain (b) 6% loss

(c) 4% gain (d) 4% loss

80. The profit earned after selling an article for ? 625 is same as the loss incurred after selling the article for X 435. The cost price of the article is [SSC (10+2)2012]

(a) ? 520 (b) ? 530 (c) X 540 (d) ? 550

81. A shopkeeper purchased some books from a publication worth X 750. Because of some reasons, he had to sell two-fifth part of the book at a loss of 15%. On which gain he should sell his rest of the books, so that he gets neither gain nor loss?

{a) 10% (b) 9% (c) 12% (d) 15% (e) 18%

82. A sold a watch to B at 40% gain and B sold it to C at a loss of 20%. If C bought the watch for ? 432, at what price did A purchase it?

(a) X 385.71 (b) X 216

(c) ? 250 (d) ? 550

83. A man sold an article at a loss of 20%. If he sells the article for X 12 more, he would have gained 10%. The cost price of the article is

(a) X 60 (b) X 40

(c) X 30 (d) X 22

(e) None of the above

84. A person sold a watch at a profit of 10%. If he had sold it for X 2000 more, he would have gained 20%. Find the CP of watch.

(a) X 15000 (b) X 10000

(c) X 20000 (d) X 25000

85. A person sold an article for X 136 and got 15% loss. Had he sold it for X x, he would have got a profit of 15%. Which one of

the following is correct? [CDS 2012]

(a) 190<x<200 (b) 180< x<190 (c) 170<x<180 (d) 160< x<170

86. An article passing through two hands is sold at a profit of 40% at the original cost price. If the 1st dealer makes a profit of 20%, then the profit per cent made by the second is

87 A merchant fixed the selling price of his articles at X 700 after adding 40% profit to the cost price. As the sale was very low at this price level, he decided to fix the selling price at 10% profit. Find the new selling price

  • X 450 (b) X 490 (C) X 500 (d) X 550

88. A trader purchases a watch and a  wall clock for X 390. He sells them making a profit of 10% on the watch and 15% on the wall clock. He earns a profit of X 51.50. The difference between the original prices of the wall clock and the watch is equal to [SSC (10 + 2) 2012]

(a) X 110 (b) X 100 (c) X 80 (d) X 120

89 A merchant has 1000 kg of sugar, part of which he sells at 8% profit and the rest at 18% profit. He gains 14% on the whole. The quantity sold at 18% profit is

(a) 500 kg (b) 600 kg

(c) 400 kg (d) 640 kg

90 A dealer buys an article marked at X 25000 with 20% and 5% off. He spends X 2000 on its repair and sells it for X 25000. What is his gain or loss percent? [SSCFCI 2012]

(a) 21% loss (b) 10.50% loss

(c) 19.05% gain (d) 25% gain

91. By selling an umbrella for X 30, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% of the marked price. His gain percentage during the sale season is [SSC CGL (Main) 2012]

(a) 7 (b) 7.5 (C) 8 (d) 9

92. On selling an article at X 530, the gain is 20% more than the loss incurred on selling it at X 475. In order to gain 20%, the selling price will be

(a) X 900 (b) X 600

(c) X 700 (d) X 500

(e) None of the above

93. A person bought two bicycles for X 1600 and sold the first at 10% profit and the second at 20% profit. If he sold the first at 20% profit and the second at 10% profit, he would get X 5 more. The difference in the cost price of the two bicycles was [SSC CGL 2013]

(a) X 25 (b) X 75

(c) X 50 (d) X 40

94. A person sold a table at a gain of 15%. Had he bought it for 25% less and sold it for X 60 less, he would have made a profit of 32%. The cost price of table was

(a) X 300 (b) X 350

(c) X 375 (d) X 400

95. Cost of a packet of coffee powder and a litre of milk are X 20 and X 30, respectively. 10 cups of coffee is made with one packet coffee powder and for each cup 200 mL of milk is used. If coffee is sold at 25% profit, the selling price of each cup of coffee is

(a)12.50 (b)X 6.25

(c) X8 (d)X 10

96. Assuming that profit of a shopkeeper in a particular commodity is a linear expression of transportation charge (t) and the quantity of commodity (q). He earns a profit of X 10000 by selling 20 units at the transport charge of X 400. He also earns a profit of X 12000 by selling 25 units at the transport charge of X 600. What is the linear expression in tandg (a) 600q – 5f (b) 500q – 4t (c) e00q – 4f (d) 500q – 5f

97. A person bought 8 quintal of rice for certain rupees. After a week, he sold 3 quintal of rice at 10% profit, 3 quintal of rice with neither profit nor loss and 2 quintal at 5% loss. In this transaction, what is the profit? [CDS 2012]

(a) 10% (b) 20%

(c) 25% (d) None of these

98. A bookseller sells a book at a gain of 10%. If he had bought it at 4% less and sold it for X 6 more, he would have

gained 118-%. The CP of the book is

(a) X 130 (b) X 140 (c) X 150fdJ X 160

99.. A dealer bought 80 cricket bats for X 50 each. He sells 20 of them at a gain of 5%. What must be the gain percentage of the remaining bats, so as to get 10% gain on the whole? [SSC (10+2) 2012]

100. A merchant earns a profit of 20% by selling a basket containing 80 apples whose cost is X 240 but he gives one- fourth of it to his friend at cost price and sells the remaining apples. In order to earn the same profit, at what price must he sell each apple? [CDS 2012]

(a) X 3.00 (b) X 3.60  (c) X 3.80 (d) X 4.80

101. A shopkeeper sells a transistors at 15% above its cost price. If he had bought it at 5% more than what he paid for it and sold it for X 6 more, he would have gained 10%. The cost price of the transistor is

(a)X 800 (b)? 1000 (c) X 1200 (d) X 1400

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