Chapter:

30+ PROFIT AND LOSS Solved MCQs

in Business Mathematics

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration in Computer Applications (BBA [CA]) , Bachelor of Business Administration (BBA) .

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1.	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
Answer» D. rs. 486

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2.	A fruit seller buys lemons at 2 for a rupee and sells then at 5 for three rupees. His gain percent is
A.	10%
B.	15%
C.	20%
D.	25%
Answer» C. 20%

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3.	A sells a car to B at 10% loss. If B sells it for Rs. 54000 and gains 20%, the cost price of the car for A was
A.	rs. 25000
B.	rs. 50000
C.	rs. 37500
D.	rs. 60000
Answer» D. rs. 60000

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4.	Ramesh sold a statue for a price 25% higher than the original price of the statue. He had however bought the statue at 20% discount on the original price. With the profit of Rs. 2025, find the original price of the statue.
A.	rs. 6000
B.	rs. 7500
C.	rs. 3500
D.	rs. 4500
Answer» B. rs. 7500

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5.	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
Answer» A. 25% loss

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6.	Two bicycles were sold for Rs. 3990 each, gaining 5% on one and losing 5% on the other. The gain or loss percent on the whole transaction is
A.	neither gain nor loss
B.	2.5% gain
C.	2.5% loss
D.	0.25% loss
Answer» D. 0.25% loss

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7.	The ratio of cost price and selling price is 4:5. The profit percent is
A.	10%
B.	20%
C.	25%
D.	30%
Answer» C. 25%

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8.	If a person sells a ‘sari’ for Rs. 5200, making a profit of 30%, then the cost price of the sari is
A.	rs. 4420
B.	rs. 4000
C.	rs. 3900
D.	rs. 3800
Answer» B. rs. 4000

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9.	A shopkeeper earns a profit of 15% after selling a book at 20% discount on the printed price. The ratio of the cost price and printed price of the book is?
A.	20:23
B.	23:20
C.	16:23
D.	23:16
Answer» C. 16:23

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10.	Simran bought pet food worth Rs. 56000. She then sold 1/3rd of it incurring a loss of 40%. What profit she must earn on rest of the supplies to nullify this loss?
A.	25%
B.	20%
C.	45%
D.	50%
Answer» B. 20%

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11.	Ramesh gets a profit of 20% in one trade and suffers a loss of 20% in the second when he sells 2 cycles for Rs. 4000 each. What is his profit or loss in the entire trade?
A.	loss = 4%
B.	loss = 16%
C.	profit = 16%
D.	profit = 4%
Answer» A. loss = 4%

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12.	Guddi buys some oranges in a shop at 4 per rupee. She goes to other shop and buys same number of oranges at 5 per rupee. She then combines them in a basket and sells them at 4 per rupee. Will she get a profit or loss? And how much?
A.	profit = 100/9 %
B.	loss = 100/9 %
C.	profit = 116/9 %
D.	loss = 116/9 %
Answer» C. profit = 116/9 %

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13.	Chaman sells 40 fans at 10% profit. He wants a total of 20% profit on the entire sale. Since he got 160 fans at rate of Rs. 100 each, at what profit must he sell the remaining fans?
A.	70/3%
B.	160/58%
C.	30%
D.	100/3%
Answer» B. 160/58%

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14.	Uma wants to gain 15% profit on her sale of sugar. She buys 120 kg of sugar at Rs. 24 per kg to mix with 180 kg of sugar bought at Rs. 28 per kg. She sells the sugar mix at ….
A.	rs. 8159
B.	rs. 9108
C.	rs. 9756
D.	rs. 8564
Answer» A. rs. 8159

discuss ⁽¹⁾

15.	Rohit got profit of 11½% by selling his old car. However he realized that had he sold it for Rs. 8100 more, his profit would be 38.5%. At what price did he buy the car?
A.	rs. 44500
B.	rs. 55000
C.	rs. 41000
D.	rs. 30000
Answer» D. rs. 30000

discuss

16.	Rambabu sells paper planes at the rate of 20 planes for Re. 1. If he gets profit of 20%, how many planes did he buy in 1 rupee?
A.	16
B.	40
C.	24
D.	36
Answer» C. 24

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17.	A cheater manipulated his weighing machine so that it shows 1kg for 970 grams. How much profit does he get?
A.	397/100%
B.	0.3 %
C.	0.03%
D.	300/97%
Answer» D. 300/97%

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18.	Ajay incurred loss of 20% by selling a vase for Rs. 2880. To get a profit of 20% at what price should he sell the vase?
A.	rs. 4320
B.	rs. 5760
C.	rs. 1440
D.	rs. 3500
Answer» A. rs. 4320

discuss

19.	A sold a car to B at a profit of 25%. B incurred loss of 15% while selling the same car to C. A spent Rs. 50000 for this car. At what price did C buy it?
A.	rs. 62500
B.	rs. 60000
C.	rs. 53125
D.	rs. 90000
Answer» C. rs. 53125

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20.	hat will be selling price, if cost price is Rs. 120 and gain is 35%?
A.	rs. 135
B.	rs. 85
C.	rs. 155
D.	rs. 162
Answer» D. rs. 162

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21.	A and B enter into a partnership with respective capitals of Rs. 20,000 and Rs. 40,000. At the end of the year, the total profit is Rs. 33,000. If A receives Rs. 15,000 as both his salary and profit, then what is his salary?
A.	rs. 2000
B.	rs. 4000
C.	rs. 3500
D.	rs. 3000
Answer» B. rs. 4000

discuss

22.	An article costs Rs. 600. What should be the marked price of an article so that after 10% discount, the trader makes 20% profit?
A.	rs. 800
B.	rs. 950
C.	rs. 1100
D.	rs. 1040
Answer» A. rs. 800

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23.	A man buys 50 pens at marked price of 46 pens from a whole seller. If he sells these pens giving a discount of 1% , what is the profit percent?
A.	5.3 %
B.	7.6 %
C.	10.6 %
D.	12 %
Answer» B. 7.6 %

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24.	P sells an article to Q at 10 % profit. Q sells it to R at 25 % profit. If R pays Rs. 250 for it, What did P pay for it ?
A.	rs. 225
B.	rs. 198..50
C.	rs. 181.81
D.	rs. 162.30
Answer» C. rs. 181.81

discuss ⁽¹⁾

25.	Sagar purchased 10 kg of rice at the rate of Rs. 15 per kg and 25 kg of rice at the rate Rs. 14 per kg. He mixed the two and sold the mixture. Approximately at what rate per kg should he sell the mixture to make 40 % profit in the transaction?
A.	rs. 20.00
B.	rs. 19.50
C.	rs. 15
D.	rs. 17.5
Answer» A. rs. 20.00

discuss

26.	A trader has 200 kg of sugar, out of which he sells some with 10% profit and the rest with 25% profit. He gains 15% on the whole. Find the quantity of sugar sold at 25% profit?
A.	120 kg
B.	96.5 kg
C.	84 kg
D.	67 kg
Answer» D. 67 kg

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27.	Anil purchased 30 kg of wheat at the rate of Rs. 22 per kg and 20 kg of wheat at the rate of Rs. 24 per kg. He mixed the two. Approximately at what rate per kg should he sell the mixture to make 25% profit?
A.	rs. 25
B.	rs. 28
C.	rs. 30
D.	rs. 32.5
Answer» B. rs. 28

discuss

28.	At what price should the Karan mark a sewing machine that costs him Rs. 1200/- so that even after offering a 20% discount, he makes 25% profit?
A.	rs. 2,025/-
B.	rs.1,900/-
C.	rs. 1,675/-
D.	rs. 1,875/-
Answer» D. rs. 1,875/-

discuss

29.	Virat buys an old car for Rs. 50000 and spends Rs. 4000 on its repairs. If he sells the scooter for Rs. 60000, his gain percent is:
A.	3 (4/7)
B.	11 (1/9) %
C.	12 (2/3) %
D.	12%
Answer» A. 3 (4/7)

discuss

30.	P, Q, R subscribe Rs. 50,000 for a business. P subscribes Rs. 4000 more than Q and Q Rs. 5000 more than R. Out of a total profit of Rs. 25,000, what will be P's share?
A.	rs. 8400
B.	rs. 10,500
C.	rs. 13,600
D.	rs. 14,700
Answer» B. rs. 10,500

discuss

31.	A trader purchases several articles at the rate of 13 for Rs. 10 and sells them at the rate of 10 for Rs. 13. What is his gain/loss?
A.	69 % gain
B.	56.25 % gain
C.	56.25 % loss
D.	25 % loss
Answer» A. 69 % gain

discuss

32.	By purchasing an article at 20 % discount on the original price and then selling it at a price of 25% above the original price, a trader earns Rs. 200 as the profit. What was the original price of the article?
A.	rs. 444.44
B.	rs. 255.50
C.	rs. 100.10
D.	rs. 810
Answer» A. rs. 444.44

discuss

33.	A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be sold to earn 5 % profit?
A.	rs. 1105.26
B.	rs. 1251.50
C.	rs. 1085.13
D.	rs. 1885.13
Answer» A. rs. 1105.26

discuss ⁽¹⁾

34.	Find the resultant profit if A sells a cupboard at a profit of 6% to B and B sells the same to C at a profit of 9%.
A.	15%
B.	16%
C.	14.5%
D.	15.54%
Answer» D. 15.54%

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35.	If Harsh sold a match ticket for Rs.340 at a profit of 25%, at what price did he purchased the ticket?
A.	280
B.	255
C.	300
D.	272
Answer» D. 272

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36.	Eleven bags are bought for Rs.1000 and sold at 10 for Rs.1100. What is the gain or loss in percentage?
A.	10%
B.	21%
C.	25%
D.	20%
Answer» B. 21%

discuss

37.	Vijay sells a cupboard at 14% below cost price. Had he got Rs.2086 more, he would have made a profit of 14%. What is the cost price of the cupboard?
A.	7450
B.	14900
C.	7400
D.	7500
Answer» A. 7450

discuss

38.	If selling price of 12 pens is equal to the cost price of 18 pens, find the profit percent.
A.	40%
B.	33.3%
C.	50%
D.	25%
Answer» C. 50%

discuss

30+ PROFIT AND LOSS Solved MCQs

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 fruit seller buys lemons at 2 for a rupee and sells then at 5 for three rupees. His gain percent is

A sells a car to B at 10% loss. If B sells it for Rs. 54000 and gains 20%, the cost price of the car for A was

Ramesh sold a statue for a price 25% higher than the original price of the statue. He had however bought the statue at 20% discount on the original price. With the profit of Rs. 2025, find the original price of the statue.

If selling price of 40 articles is equal to cost price of 50 articles, the loss or gain percent is

Two bicycles were sold for Rs. 3990 each, gaining 5% on one and losing 5% on the other. The gain or loss percent on the whole transaction is

The ratio of cost price and selling price is 4:5. The profit percent is

If a person sells a ‘sari’ for Rs. 5200, making a profit of 30%, then the cost price of the sari is

A shopkeeper earns a profit of 15% after selling a book at 20% discount on the printed price. The ratio of the cost price and printed price of the book is?

Simran bought pet food worth Rs. 56000. She then sold 1/3rd of it incurring a loss of 40%. What profit she must earn on rest of the supplies to nullify this loss?

Ramesh gets a profit of 20% in one trade and suffers a loss of 20% in the second when he sells 2 cycles for Rs. 4000 each. What is his profit or loss in the entire trade?

Guddi buys some oranges in a shop at 4 per rupee. She goes to other shop and buys same number of oranges at 5 per rupee. She then combines them in a basket and sells them at 4 per rupee. Will she get a profit or loss? And how much?

Chaman sells 40 fans at 10% profit. He wants a total of 20% profit on the entire sale. Since he got 160 fans at rate of Rs. 100 each, at what profit must he sell the remaining fans?

Uma wants to gain 15% profit on her sale of sugar. She buys 120 kg of sugar at Rs. 24 per kg to mix with 180 kg of sugar bought at Rs. 28 per kg. She sells the sugar mix at ….

Rohit got profit of 11½% by selling his old car. However he realized that had he sold it for Rs. 8100 more, his profit would be 38.5%. At what price did he buy the car?

Rambabu sells paper planes at the rate of 20 planes for Re. 1. If he gets profit of 20%, how many planes did he buy in 1 rupee?

A cheater manipulated his weighing machine so that it shows 1kg for 970 grams. How much profit does he get?

Ajay incurred loss of 20% by selling a vase for Rs. 2880. To get a profit of 20% at what price should he sell the vase?

A sold a car to B at a profit of 25%. B incurred loss of 15% while selling the same car to C. A spent Rs. 50000 for this car. At what price did C buy it?

hat will be selling price, if cost price is Rs. 120 and gain is 35%?

A and B enter into a partnership with respective capitals of Rs. 20,000 and Rs. 40,000. At the end of the year, the total profit is Rs. 33,000. If A receives Rs. 15,000 as both his salary and profit, then what is his salary?

An article costs Rs. 600. What should be the marked price of an article so that after 10% discount, the trader makes 20% profit?

A man buys 50 pens at marked price of 46 pens from a whole seller. If he sells these pens giving a discount of 1% , what is the profit percent?

P sells an article to Q at 10 % profit. Q sells it to R at 25 % profit. If R pays Rs. 250 for it, What did P pay for it ?

Sagar purchased 10 kg of rice at the rate of Rs. 15 per kg and 25 kg of rice at the rate Rs. 14 per kg. He mixed the two and sold the mixture. Approximately at what rate per kg should he sell the mixture to make 40 % profit in the transaction?

A trader has 200 kg of sugar, out of which he sells some with 10% profit and the rest with 25% profit. He gains 15% on the whole. Find the quantity of sugar sold at 25% profit?

Anil purchased 30 kg of wheat at the rate of Rs. 22 per kg and 20 kg of wheat at the rate of Rs. 24 per kg. He mixed the two. Approximately at what rate per kg should he sell the mixture to make 25% profit?

At what price should the Karan mark a sewing machine that costs him Rs. 1200/- so that even after offering a 20% discount, he makes 25% profit?

Virat buys an old car for Rs. 50000 and spends Rs. 4000 on its repairs. If he sells the scooter for Rs. 60000, his gain percent is:

P, Q, R subscribe Rs. 50,000 for a business. P subscribes Rs. 4000 more than Q and Q Rs. 5000 more than R. Out of a total profit of Rs. 25,000, what will be P's share?

A trader purchases several articles at the rate of 13 for Rs. 10 and sells them at the rate of 10 for Rs. 13. What is his gain/loss?

By purchasing an article at 20 % discount on the original price and then selling it at a price of 25% above the original price, a trader earns Rs. 200 as the profit. What was the original price of the article?

A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be sold to earn 5 % profit?

Find the resultant profit if A sells a cupboard at a profit of 6% to B and B sells the same to C at a profit of 9%.

If Harsh sold a match ticket for Rs.340 at a profit of 25%, at what price did he purchased the ticket?

Eleven bags are bought for Rs.1000 and sold at 10 for Rs.1100. What is the gain or loss in percentage?

Vijay sells a cupboard at 14% below cost price. Had he got Rs.2086 more, he would have made a profit of 14%. What is the cost price of the cupboard?

If selling price of 12 pens is equal to the cost price of 18 pens, find the profit percent.

Ramesh sold a statue for a price 25% higher than the original price of the statue. He had
however bought the statue at 20% discount on the original price. With the profit of Rs. 2025, find
the original price of the statue.

Guddi buys some oranges in a shop at 4 per rupee. She goes to other shop and buys same
number of oranges at 5 per rupee. She then combines them in a basket and sells them at 4 per
rupee. Will she get a profit or loss? And how much?

A and B enter into a partnership with respective capitals of Rs. 20,000 and Rs. 40,000. At the
end of the year, the total profit is Rs. 33,000. If A receives Rs. 15,000 as both his salary and
profit, then what is his salary?

Sagar purchased 10 kg of rice at the rate of Rs. 15 per kg and 25 kg of rice at the rate Rs.
14 per kg. He mixed the two and sold the mixture. Approximately at what rate per kg should he
sell the mixture to make 40 % profit in the transaction?

Anil purchased 30 kg of wheat at the rate of Rs. 22 per kg and 20 kg of wheat at the rate of
Rs. 24 per kg. He mixed the two. Approximately at what rate per kg should he sell the mixture to
make 25% profit?

By purchasing an article at 20 % discount on the original price and then selling it at a price of
25% above the original price, a trader earns Rs. 200 as the profit. What was the original price of
the article?