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 2 of 2

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Q11.
On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:

a.

Rs. 45

b.

Rs. 50

c.

Rs. 55

d.

Rs. 60

Discuss
Answer: (d).Rs. 60
Q12.
When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

a.

Rs. 21,000

b.

Rs. 22,500

c.

Rs. 25,300

d.

Rs. 25,800

Discuss
Answer: (c).Rs. 25,300
Q13.
100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:

a.

14(2/7)% gain

b.

15% gain

c.

14(2/7)% loss

d.

15 % loss

Discuss
Answer: (a).14(2/7)% gain
Q14.
A shopkeeper sells one transistor for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. His total gain or loss percent is:

a.

5(15/17)% loss

b.

5(15/17)% gain

c.

6(2/3)% gain

d.

None of these

Discuss
Answer: (b).5(15/17)% gain
Q15.
A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

a.

No profit, no loss

b.

5%

c.

8%

d.

10%

Discuss
Answer: (b).5%
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