CBSE Class 5 Mathematics Profit and Loss MCQs

Question: Profit = ?
a) S. P – C.P.
b) C.P. – S.P.
c) Loss + C.P

Answer: S. P – C.P.

Question: Loss = ?
a) C.P. – S.P.
b) Loss – Profit
c) S. P. – C. P.

Answer: C.P. – S.P.

Question: C.P. = 70, S.P. = 80, P = ?
a) 10
b) 150
c) 50

Answer: 10

Question: C.P. = 85, S.P. 70, L =?
a) 15
b) 70
c) 10

Answer: 15

Question: C.P. = 200, Profit = 30, S.P = ?
a) 230
b) 250
c) 170

Answer: 230

Question: C.P. = 600, Loss = 50, S.P. = ?
a) 550
b) 650
c) 250

Answer: 550

Question: The price at which an articles is bought is its
a) Cost Price
b) Selling price
c) Profit

Answer: Cost Price

Question: The ___________ includes overhead expenses.
a) C.P.
b) Profit
c) S.P.

Answer: C.P.

Question: The price at which an articles is sold is its
a) Selling price
b) Cost Price
c) Loss

Answer: Selling price

Question: If the goods are sold at higher price than C.P. there is a
a) Profit
b) Loss

Answer: Profit

Question: If S.P. > C.P. then S.P. – C.P. = ?
a) Profit
b) Loss
c) Both

Answer: Profit

Question: S.P. = 210, C.P. = 190 then Profit = ?
a) 20
b) 300
c) 310

Answer: 20

Question: Rahim bought a table for 2,500 and sold, it for 3,000. How much profit did he earn?
a) 500
b) 1500
c) 300

Answer: 500

Question: A man bought an article for 62.50 and sold it for 55.00. what was his profit or loss?
a) Loss of 7.50
b) Profit of 7.50
c) no profit, no loss

Answer: Loss of 7.50

Question: S.P. = 765, Profit = 80, C.P. = ?
a) 685
b) 840
c) 100

Answer: 685

Question: S.P. = 567, Loss = 19.70, C.P. = ?
a) 586.70
b) 500
c) 1000

Answer: 586.70

Question: A fruit seller bought 50 dozens of bananas for j 600 and sold them at the rate of j 15 per dozen. Find his profit or loss.
a) Profit of 150
b) Loss of 50
c) Loss of 150

Answer: Profit of 150

Question: A shopkeeper bought a transistor for 2,500 and sold it for 3,000. What was his profit?
a) 500
b) 700
c) 900

Answer: 500

Question: Ram bought rice at 4,800.75 per quintal. Due to a fall in prices he sold it at 4,600.75 per quintal only. Find his loss per quintal.
a) 200
b) 500
c) 700

Answer: 200

Question: Find the profit or loss C.P. 750, S.P. = 1000
a) Profit of 250
b) Loss of 250
c) Loss of 100

Answer: Profit of 250

Question: A shopkeeper purchased 20 dozen bananas for 208. Four dozen of the bananas were rotten. At what price per dozen must he sell the remaining bananas so that he is neither at a loss nor at a profit?
a) 13 per dozen
b) 12 per dozen
c) 12 per dozen

Answer: 13 per dozen

Question: S.P. = C.P. +?
a) Profit
b) Loss
c) Both

Answer: Profit

Question: S.P. = C.P. - ?
a) Loss
b) Profit

Answer: Loss

Question: C.P. = S.P. + ?
a) Loss
b) Profit

Answer: Loss

Question. By selling 12 oranges for 60, a man loses 25%. The number of oranges he has to sell for 100, so as to gain 25% is ?
a) 10
b) 11
c) 12
d) 15

Answer : C

Question. A shopkeeper offers a discount of 10% on his articles. The marked price of the article is 450. The selling price should be ?
a) 395
b) 410
c) 405
d) 400

Answer : C

Question. If the percentage of profit calculated on selling price of an article is 20%, percentage of profit calculated on cost price will be ?
a) 16%
b) 24%
c) 25%
d) 28%

Answer : C

Question. A man purchased an article for Rs. 1500 and sold it at 25% above the cost price. If he has to pay Rs. 75 as tax on it, his net profit percentage will be ?
a) 20%
b) 25%
c) 30%
d)15%

Answer : A

Question. In what ratio Darjeeling Tea costing 320 per kg be mixed with Assam Tea costing 250 per kg so that there is a gain of 20% by selling the mixture at 324 per kg ?
a) 1 : 2
b) 2 : 3
c) 3 : 2
d) 2 : 5

Answer : D

Question. If an article is sold at 200% profit, then the ratio of its cost price to its selling price will be ?
a) 1 : 2
b) 2 : 1
c) 1 : 3
d) 3 : 1

Answer : C

Question. By selling a basket for 19.50, a shopkeeper gains 30%. For how much should he sell it to gain 40% ?
a) 21
b) 21.50
c) 24
d) 23

Answer : A

Question. A man sold an article at a loss of 20%. If he could sell it for 200 more , he would make a profit of 5%. The cost price of the article is ?
a) 700
b) 800
c) 850
d) 900

Answer : B

Question. The difference between the selling price and cost price of an article is 210. If the profit percent is 25, then the selling price of the article is ?
a) 950
b)1,050
c) 1,150
d) 1,250

Answer : B

Question. Peter buys a table for 450 and spends 30 on its transportation. If he sells the table for 600 his gain percent will be ?
a) 30%
b) 25%
c) 28%
d) 24%

Answer : B

Question. A radio is sold for 990 at a profit of 10%. What would have been the actual profit or loss on it, had it been sold for Rs. 890 ?
a) 10 loss
b) 10 profit
c) 90 loss
d) 90 profit

Answer : A

Question. By selling 4 articles for 1 rupee, a man loses 4%. Had he sold three articles per rupee, the profit would have been ?
a) 30%
b) 28%
c) 16%
d) 12%

Answer : B

Question. A person sells a table at a profit of 10%. If he had bought the table at 5% less cost and sold for 80 more, he would have gained 20%. The cost price of the table is ?
a) 3,200
b) 2,500
c) 2,000
d) 200

Answer : C

Question. A store sells a watch for a profit of 25% of its cost price. Then the percentage of profit against selling price is ?
a) 22%
b) 20%
c) 18%
d) 15%

Answer : B

Question. A man bought oranges at the rate of 8 for 34 and sold them at the rate of 12 for 57. How many oranges should be sold to earn a net profit of 45 ?
a) 90
b) 100
c) 135
d) 150

Answer : A

Question. Rita bought a television set with 20% discount on the labelled price. She made a profit of 800 by selling it for 16,800. The labelled price of the set was ?
a) 18,000
b) 20,000
c) 20,800
d) 24,000

Answer : B

Question. A man bought two goats for 1008. He sold one at a loss of 20% and other at a profit of 44%. If each goat was sold for the same price, the cost price of the goat which was sold at loss, was ?
a) 648
b) 360
c) 568
d) 440

Answer : A

Question. A dishonest grocer sells rice at a profit of 10% and also uses weights which are 20% less than the marked weight. The total gain earned by him will be ?
a) 37.5%
b) 40%
c) 30.5%
d) 35%

Answer : A

Question. Arun buys one kilogram of apples for Rs. 120 and sells it to Swati gaining 25%. Swati sells it to Divya who again sells it for Rs. 198, making a profit of 10%. What is the profit percentage made by Swati ?
a) 25%
b) 20%
c) 16.67%
d) 15%

Answer : B

Question. The difference between the selling prices of an article sold at 4% and 3% profits is Rs. 3. The cost price of the article is ?
a) Rs. 400
b) Rs. 350
c) Rs. 300
d) Rs. 100

Answer : C

Question. If a shirt costs 64 after 20% discount is allowed, what was its original price in ?
a) 76.80
b) 80
c) 88
d) 86.80

Answer : B

Question. Nita blends two varieties of tea one costing 180 per kg and another costing 200 per kg in the ratio 5 : 3. If she sells the blended variety at 210 per kg, then her gain percent is ?
a) 10%
b) 11%
c) 12%
d) 13%

Answer : C

Question. How much percent above the cost price should a shopkeeper mark his goods so as to earn a profit of 32% after allowing a discount of 12% on the marked price ?
a) 50%
b) 40%
c) 60%
d) 45%

Answer : A

Question. A reduction of 20% in the price of salt enabled a purchaser to obtain 4 kg. more for 100. The reduced price of salt per kg is ?
a) 4
b) 5
c) 6.25
d) 6.50

Answer : D

Question. Arun marks up the computer he is selling by 20% profit and sells them at a discount of 15%. Arun’s net gain percent is ?
a) 4%
b) 2%
c) 3.5%
d) 2.5%

Answer : B

Question. The prices of a refrigerator and a television set are in the ratio 5 : 3. If the refrigerator costs 5500 more than the television set, then the price of the refrigerator is ?
a) 27500
b) 8250
c) 13750
d) 16500

Answer : C

Question. A man sells 320 mangoes at the cost price of 400 mangoes. His gain percent is ?
a) 15%
b) 20%
c) 25%
d) 10%

Answer : C

Question. If the loss per cent on an article is 15%, then the ratio of the cost price and the selling price will be ?
a) 17 : 20
b) 20 : 17
c) 23 : 15
d) 15 : 23

Answer : B

Question. A cooker is sold at a gain of 16%. If it has been sold for 20 more, 20% would have been gained. The cost price of the cooker is ?
a) 350
b) 400
c) 500
d) 600

Answer : C

Question. If selling price of an article is reduced by 60%, then there is a loss of 10% on cost price. The initial profit percent was ?
a) 70%
b) 80%
c) 100%
d) 125%

Answer : D

Question. An item when sold for 1,690 earned 30% profit on the cost price. Then the cost price is ?
a) 507
b) 630
c) 1,300
d) 130

Answer : C

Question. A and B invest in a business in the ratio 3 : 2. If 5% of the total profit goes to charity and A’s share in profit is Rs. 8,550, then total profit is ?
a) Rs. 15,760
b) Rs.15,735
c) Rs. 14,250
d) Rs. 15,000

Answer : D

Question. A merchant finds his profit as 20% of the selling price. His actual profit percent is ?
a) 20%
b) 22%
c) 25%
d) 30%

Answer : C

Question. On selling 17 balls at 720, there is a loss equal to the cost price of 5 balls. The cost price (in ) of a ball is ?
a) 45
b) 50
c) 55
d) 60

Answer : D

Question. The cost price of a radio is 600. The 5% of the cost price is charged towards transportation. After adding that, if the net profit to be made is 15%, then the selling price of the radio must be ?
a) 704.50
b) 724.50
c) 664.50
d) 684.50

Answer : B

Question. A person bought two articles A and B for 5,000. He sold A at 20% profit and B at 10% loss. He thus gained 2% on his outlay. The cost price of A was ?
a) 3,000
b) 2,500
c) 2,000
d) 3,500

Answer : C

Question. Ravi buys some toffees at 2 for a rupee and sells them at 5 for a rupee. His loss percent is ?
a) 120%
b) 90%
c) 30%
d) 60%

Answer : D

Question. A man sells his typewriter at 5% loss. If he sells it for 80 more, he will gain 5%. The cost price of the typewriter is ?
a) 1,600
b) 1,200
c) 1,000
d) 800

Answer : D

Question. The ratio of cost price and selling price of an article is 8 : 9. The profit per cent is ?
a) 20%
b) 15%
c) 12.5%
d) 10%

Answer : C

Question. Mohan sold his watch at 10% loss. If he had sold it for 45 more, he would have made 5% profit. The selling price (in ) of the watch was ?
a) 300
b) 900
c) 110
d) 270

Answer : D

Question. 7 kg of tea costing 280 per kg is mixed with 9 kg of tea costing 240 per kg. The average price per kg of the mixed tea is ?
a) 255.80
b) 257.50
c) 267.20
d) 267.50

Answer : B