Profit and Loss MCQ and Answers with Notes
A shopkeeper bought an article for ₹800 and sold it for ₹920. What is the profit percentage?
If a person sells an item at ₹450 and incurs a loss of 10%, what was the cost price of the item?
A trader marks his goods 25% above the cost price and gives a discount of 10%. What is his profit percentage?
Two articles are sold for ₹990 each. On one, the seller gains 10% and on the other, he loses 10%. What is the overall result?
A shopkeeper allows successive discounts of 20% and 15% on the marked price. If the marked price is ₹1000, what is the selling price?
If the cost price of 12 pens is equal to the selling price of 10 pens, what is the profit percentage?
A person bought a bicycle for ₹4000 and spent ₹500 on repairs. He sold it for ₹5400. What is the profit percentage?
A fruit seller buys oranges at ₹3 per orange and sells them at ₹5 for 2 oranges. What is his loss percentage?
If a shopkeeper sells an article at ₹96 after giving two successive discounts of 20% each, what was the marked price?
A trader sells two fans for ₹2400 each. He gains 25% on one and loses 20% on the other. What is his overall gain or loss?
The profit earned by selling an article for ₹832 is equal to the loss incurred by selling it for ₹448. What is the cost price?
A wholesaler sells goods to a retailer at 10% profit. The retailer sells to a customer at 15% profit. If the customer pays ₹1265, what did the wholesaler pay for the goods?
A man sells a chair and a table together for ₹1800. He makes 20% profit on the chair and 25% loss on the table. If the cost prices are in the ratio 3:2, find his overall profit or loss percentage.
If by selling 110 mangoes, a vendor gains the cost price of 10 mangoes, what is his profit percentage?
A watch is sold at ₹540 after giving a discount. If the discount percentage is equal to half the profit percentage on cost price, and the marked price is ₹600, find the cost price.
A trader's profit and loss data for three items is shown below:
| Item | Cost Price | Selling Price |
|---|---|---|
| A | ₹200 | ₹240 |
| B | ₹300 | ₹270 |
| C | ₹500 | ₹600 |
What is the overall profit percentage?
A shopkeeper bought 25 kg of rice at ₹30 per kg and 35 kg of rice at ₹25 per kg. At what price per kg should he sell the mixture to gain 20%?
A person sells 3 items at the same price. On the first, he gains 10%, on the second he gains 20%, and on the third he loses 15%. If each item is sold for ₹880, what is the overall result?
If the selling price of 20 articles is equal to the cost price of 25 articles, what is the profit percentage?
A dealer marks his goods at 40% above cost price but allows a customer a discount of 25% on the marked price. What is his gain or loss percentage?
A dishonest shopkeeper uses a false weight of 800g instead of 1kg while buying goods, but uses a false weight of 1200g instead of 1kg while selling. If he claims to sell at cost price, what is his actual profit percentage?
Three partners A, B, and C invested ₹40,000, ₹50,000, and ₹60,000 respectively in a business. After 6 months, A withdrew ₹10,000 and C added ₹20,000. If the total profit at the end of the year is ₹74,000, find C's share.
A merchant has two varieties of rice. He mixes 30 kg of the first variety costing ₹45/kg with 20 kg of the second variety costing ₹32.5/kg. If he sells the mixture at ₹50/kg, what is his profit percentage?
A trader allows three successive discounts of 10%, 20%, and 25% on the marked price. If the cost price is ₹2000 and he wants a profit of 35%, what should be the marked price?
A company's profit in the first year was ₹50,000. The profit increased by 20% in the second year and decreased by 10% in the third year compared to the second year. What is the average profit over the three years?
A retailer has the following pricing strategy:
| Purchase Quantity | Discount on Marked Price |
|---|---|
| 1-10 items | 5% |
| 11-25 items | 15% |
| 26+ items | 25% |
If the marked price is ₹200 per item and cost price is ₹120 per item, what is the profit percentage when a customer buys 30 items?
A wholesaler sells goods to retailer A at 15% profit and to retailer B at 10% loss. Retailer A sells to customers at 20% profit while retailer B sells at 25% profit. If retailer A's selling price to customers is ₹1380, find the wholesaler's cost price.
A shopkeeper marks an article at such a price that after giving a discount of 12%, he gains 10% on cost price. If he gives a discount of 20% instead, what will be his profit or loss percentage?
Two businessmen A and B started a partnership. A invested ₹80,000 for the entire year, while B invested ₹60,000 for the first 8 months and then increased his investment to ₹90,000 for the remaining 4 months. If A's share of profit is ₹800 more than B's share, find the total profit.
A fruit vendor bought 100 oranges at ₹5 each. 20 oranges got spoiled and he sold the remaining at ₹8 each. Later, he bought 50 more oranges at ₹6 each and sold them at ₹9 each. What is his overall profit percentage?
A manufacturer sells to a wholesaler at 25% profit. The wholesaler sells to a retailer at 20% profit. The retailer marks the price 50% above his cost but gives 16% discount. If the final selling price is ₹1260, find the manufacturer's cost price.