Profit and Loss Aptitude MCQ Questions with Answers

Question. If the cost price is 95% of the selling price, what is the profit percent ?
a) 4%
b) 4.75%
c) 5%
d) 5.26%

Answer : D

Question. An article is sold at 5% profit. The ratio of selling price and cost price will be ?
a) 1 : 5
b) 20 : 21
c) 21 : 20
d) 5 : 1

Answer : C

Question. By selling a fan for 600, a man loses 10%. To make a gain of 20%, the selling price of the fan should be ?
a) 900
b) 1000
c) 700
d) 800

Answer : D

Question. If by selling an article for Rs. 390 a shopkeeper gains 20%, then the cost price is ?
a) Rs. 370
b) Rs. 325
c) Rs. 350
d) Rs. 300

Answer : B

Question. A fruit merchant makes a profit of 25% by selling mangoes at a certain price. If he charges Re. 1 more on each mango, he would gain 50%. At first the price of one mango was ?
a) Rs. 5
b) Rs. 7
c) Rs. 4
d) Rs. 6

Answer : A

Question. If I would have purchased 11 articles for 10 and sold all the articles at the rate of 10 for 11, the profit per cent would have been ?
a) 10%
b) 11%
c) 21%
d) 100%

Answer : C

Question. If the ratio of cost price to selling price is 10 : 11, then the rate of per cent of profit is ?
a) 1.1%
b) 0.1%
c) 10%
d) 1%

Answer : C

Question. A shopkeeper marked the selling price of his goods in such a way that after giving a discount of 10% he gains 17%. How much percent above the cost price is the marked price ?
a) 36%
b) 27%
c) 30%
d) 40%

Answer : C

Question.A shopkeeper purchases two items for Rs. 520. One of them is sold gaining 16% and the other at a loss of 10%, thus making no profit or loss. What is the selling price of the item sold at loss ?
a) Rs. 288
b) Rs. 232
c) Rs. 320
d) Rs. 200

Answer : A

Question. An article passing through two hands is sold at a profit of 38% at the original cost price. If the first dealer makes a profit of 20%, then the profit percent made by the second is ?
a) 15%
b) 12%
c) 10%
d) 5%

Answer : A

Question. The C.P of 10 artices is equal to the S.P. of 15 articles. What is the profit or loss percentage ?
a) 25.5%
b) 35%
c) 10%
d) 33.3%

Answer : D

Question. A vendor sells lemons at the rate of 5 for 14, gaining thereby 40%. For how much did he buy a dozen lemons ?
a) 20
b) 21
c) 24
d) 28

Answer : C

Question. A and B invest Rs. 3000 and Rs. 2400 respectively in a business. If after one year there is a loss of Rs. 720, how much loss will B bear? (Loss or profit is in proportion to their investments) ?
a) Rs. 72
b) Rs. 320
c) Rs. 400
d) Rs. 360

Answer : C

Question. 5% more is gained by selling a watch for Rs. 350 than by selling it for Rs. 340. The cost price of the watch is ?
a) Rs. 110
b) Rs. 140
c) Rs. 200
d) Rs. 250

Answer : C

Question. A man bought pencils at the rate of 6 for 4 and sold them at the rate of 4 for 6. His gain% in the transaction is ?
a) 75%
b) 80%
c) 125%
d) 100%

Answer : C

Question. 864 is divided among A, B and C such that 8 times A’s share is equal to 12 times B’s share and also equal to 6 times C’s share. How much did B get ?
a) 399
b) 192
c) 288
d) 72

Answer : B

Question. A merchant sold an article for 75 at a profit percent equal to its cost price. The cost price of the article was ?
a) 45
b) 50
c) 54
d) 60

Answer : B

Question. A shopkeeper blends two varieties of tea costing 18 and 13 per 100 gm in the ratio 7 : 3. He sells the blended variety at the rate of 18.15 per 100 gm. His percentage gain in the transaction is ?
a) 10%
b) 12%
c) 14%
d) 8%

Answer : A

Question. The selling price of 5 articles is the same as the cost price of 3 articles. The gain or loss percent is ?
a) 20% gain
b) 25% gain
c) 33.33% loss
d) 40% loss

Answer : D

Question. On selling an article for 170, a shopkeeper loses 15%. In order to gain 20%, he must sell that article at ?
a) 215.50
b) 212.50
c) 240
d) 210

Answer : C

Question. If a manufacturer gains 10 percent, wholesaler 15 per cent and retailer 25 per cent, then the production cost of an article, whose retail price is 1,265, is ?
a) 700
b) 750
c) 800
d) 900

Answer : C

Question. The cost price : selling price of an article is a : b. If b is 200% of a then the percentage of profit on cost price is ?
a) 75%
b) 125%
c) 100%
d) 200%

Answer : C

Question. The liquids, X and Y are mixed in the ratio of 3 : 2 and the mixture is sold at Rs. 11 per litre at a profit of 10%. If the liquid X costs Rs. 2 more per litre than Y, the cost of X per litre is (in Rs.) ?
a) 10.80
b) 11.75
c) 9.50
d) 11

Answer : A

Question. A man sold an article at a loss of 20%. If he had sold it for 50 more, he would have gained 5%. The cost price of the article was ?
a) 250
b) 300
c) 180
d) 200

Answer : D

Question. A man buys a table and a chair for Rs. 500. He sells the table at a loss of 10% and the chair at a gain of 10%. He still gains Rs.10 on the whole. The cost price of chair in rupees is ?
a) Rs. 200
b) Rs. 250
c) Rs. 300
d) Rs. 350

Answer : C

Question. A tradesman, by means of a false balance defrauds 10 per cent in buying goods and also defrauds 10 per cent in selling. His gain percent is ?
a) 10%
b) 11%
c) 21%
d) 100%

Answer : C

Question. A grocery dealer cheats to the extent of 10% while buying as well as selling by using false weight. What is his increase in the profit % ?
a) 20%
b) 21%
c) 22%
d) None of these

Answer : B

Question. By selling a table for 350 instead of 400, loss per cent increases by 5%. The cost price of the table is ?
a) 1050
b) 417.50
c) 435
d) 1000

Answer : D

Question. The cost price of 20 oranges is same with selling price of 16 oranges. The profit percentage is ?
a) 30%
b) 20%
c) 25%
d) 16%

Answer : C

Question. A shopkeeper allows 23% commission on his advertised price and still makes a profit of 10%. If he gains 56 on one item, his advertised price of the item, (in ) is ?
a) 820
b) 780
c) 790
d) 800

Answer : D

Question. A man sells two chairs at 120 each and by doing so gains 25% on one chair and loses 25% on the other. His loss on the whole in is ?
a) 20
b) 16
c) 25
d) 30

Answer : B

Question. A shopkeeper sells an article at 15% gain. Had he sold it for 18 more, he would have gained 18%. The cost price (in ) of the article is ?
a) 540
b) 318
c) 600
d) 350

Answer : C

Question. The selling price of 10 oranges is the cost price of 13 oranges. Then the profit percentage is ?
a) 30%
b) 10%
c) 13%
d) 3%

Answer : A

Question. A got 30% concession on the label price of an article sold for 8,750 with 25% profit on the price he bought. The label price was ?
a) 13,000
b) 16,000
c) 12,000
d) 10,000

Answer : D

Question. By selling 25 metres of cloth a trader gains the selling price of 5 metres of cloth. The gain percent of the trader in % is ?
a) 25%
b) 20%
c) 28%
d) 29%

Answer : A

Question. A book-seller bought 200 textbooks for 12,000. He wanted to sell them at a profit so that he got 20 books free. At what profit percent should he sell them ?
a) 10%
b) 11.5%
c) 11%
d) 12%

Answer : A

Question. By selling an article for 72, there is a loss of 10%. In order to gain 5%, its selling price should be ?
a) 87
b) 85
c) 80
d) 84

Answer : D

Question. A fruit seller makes a profit of 20% by selling mangoes at a certain price. If he charges 1 more for each mango, he can make a profit of 40%. Find the selling price of a mango in the first case ?
a) 6
b) 5
c) 5.50
d) 7

Answer : A

Question. A man bought 30 defective machines for Rs. 1000. He repaired and sold them at the rate of Rs. 300 per machine. He got profit of Rs. 150 per machine. How much did he spend on repairs (in Rupees) ?
a) 5500
b) 4500
c) 3500
d) 2500

Answer : C

Question. If the difference between the selling prices of an article at profit of 6% and 4% is 3, then the cost price of the article should be ?
a) 100
b) 150
c) 175
d) 200

Answer : B

Question. A clock was sold for 144. If the percentage of profit was numerically equal to the cost price, the cost of the clock was ?
a) 72
b) 80
c) 90
d) 100

Answer : B

Question. If the cost price of 50 oranges is equal to the selling price of 40 oranges, then the profit per cent is ?
a) 5%
b) 10%
c) 20%
d) 25%

Answer : D

Question. Some articles were bought at 6 for 5, and sold at 5 for 6. Gain per cent is ?
a) 5%
b) 6%
c) 30%
d) 44%

Answer : D

Question. A man buys a field of agricultural land for 3,60,000. He sells one third at a loss of 20% and two fifths at a gain of 25%. At what price must he sell the remaining field so as to make an overall profit of 10 % ?
a) 1,00,000
b) 1,15,000
c) 1,20,000
d) 1,25,000

Answer : C