Profit and Loss MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Profit and Loss, a fundamental topic in the field of Aptitude. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Profit and Loss MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Profit and Loss mcq questions that explore various aspects of Profit and Loss problems. Each MCQ is crafted to challenge your understanding of Profit and Loss principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Aptitude tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Profit and Loss MCQs are your pathway to success in mastering this essential Aptitude topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Profit and Loss. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Profit and Loss knowledge to the test? Let's get started with our carefully curated MCQs!

Profit and Loss MCQs | Page 1 of 2

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Q1.
Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:

a.

4(4/7)%

b.

5(5/11)%

c.

10%

d.

12%

Discuss
Answer: (b).5(5/11)%
Q2.
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

Discuss
Answer: (b).16
Q3.
If selling price is doubled, the profit triples. Find the profit percent.

a.

66(2/3)

b.

100

c.

105(1/3)

d.

120

Discuss
Answer: (b).100
Q4.
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%

Discuss
Answer: (b).70%
Q5.
A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

a.

3

b.

4

c.

5

d.

6

Discuss
Answer: (c).5
Q6.
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

Discuss
Answer: (a).Rs. 2000
Q7.
A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

a.

Rs. 18.20

b.

Rs. 70

c.

Rs. 72

d.

Rs. 88.25

Discuss
Answer: (c).Rs. 72
Q8.
A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

a.

Rs. 1090

b.

Rs. 1160

c.

Rs. 1190

d.

Rs. 1202

Discuss
Answer: (c).Rs. 1190
Q9.
Sam 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

Discuss
Answer: (c).5.6
Q10.
Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:

a.

30%

b.

33(1/3)%

c.

35%

d.

44%

Discuss
Answer: (d).44%
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