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Profit and Loss – Multiple Choice Questions (MCQs)

25. A shopkeeper marks an article 50% above the cost price and then allows two successive discounts of 10% and 20%. His profit or loss percentage is:
- A. 8% profit
- B. 8% loss
- C. 20% profit
- D. 20% loss
26. A man purchased two fans for ? 1200 each. He sold one at a loss of 5% and the other at a profit of 10%. What was his overall profit or loss?
- A. ? 60 profit
- B. ? 60 loss
- C. ? 120 profit
- D. ? 120 loss
27. The cost price of a flower vase is ? 120. If the shopkeeper sells it for ? 150, what is his profit percentage?
- A. 15%
- B. 20%
- C. 25%
- D. 30%
28. By selling a mobile phone for ? 2400, a shopkeeper makes a profit of 20%. What is the cost price of the mobile phone?
- A. ? 1920
- B. ? 2000
- C. ? 2880
- D. ? 3000
29. A trader marks his goods 30% above the cost price. If he allows a discount of 10%, what is his profit percentage?
- A. 17%
- B. 20%
- C. 23%
- D. 27%
30. A man sold an article at a loss of 20%. If he had sold it for ? 12 more, he would have gained 10%. What was the cost price of the article?
- A. ? 30
- B. ? 40
- C. ? 50
- D. ? 60
31. The selling price of an article is ? 96 and the profit percentage is 20%. What is the cost price of the article?
- A. ? 76.80
- B. ? 80
- C. ? 115.20
- D. ? 120
32. A shopkeeper bought two calculators for ? 300 each. He sold one at a profit of 15% and the other at a loss of 5%. What was his total profit or loss?
- A. ? 15 profit
- B. ? 10 profit
- C. ? 30 profit
- D. ? 45 profit
33. If the cost price of 10 pens is the same as the selling price of 8 pens, what is the profit percentage?
- A. 20%
- B. 25%
- C. 30%
- D. 35%
34. A man sold a bicycle for ? 850, losing 15%. At what price should he have sold it to gain 5%?
- A. ? 950
- B. ? 1000
- C. ? 1020
- D. ? 1150
35. A shopkeeper allows a discount of 10% on the marked price and still gains 8%. What percentage above the cost price did he mark his goods?
- A. 18%
- B. 20%
- C. 22%
- D. 25%
36. The difference between the cost price and selling price of an article is ? 120. If the profit percentage is 20%, what is the selling price?
- A. ? 480
- B. ? 600
- C. ? 720
- D. ? 840

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Profit and Loss – Multiple Choice Questions (MCQs)

25. A shopkeeper marks an article 50% above the cost price and then allows two successive discounts of 10% and 20%. His profit or loss percentage is:

26. A man purchased two fans for ? 1200 each. He sold one at a loss of 5% and the other at a profit of 10%. What was his overall profit or loss?

27. The cost price of a flower vase is ? 120. If the shopkeeper sells it for ? 150, what is his profit percentage?

28. By selling a mobile phone for ? 2400, a shopkeeper makes a profit of 20%. What is the cost price of the mobile phone?

29. A trader marks his goods 30% above the cost price. If he allows a discount of 10%, what is his profit percentage?

30. A man sold an article at a loss of 20%. If he had sold it for ? 12 more, he would have gained 10%. What was the cost price of the article?

31. The selling price of an article is ? 96 and the profit percentage is 20%. What is the cost price of the article?

32. A shopkeeper bought two calculators for ? 300 each. He sold one at a profit of 15% and the other at a loss of 5%. What was his total profit or loss?

33. If the cost price of 10 pens is the same as the selling price of 8 pens, what is the profit percentage?

34. A man sold a bicycle for ? 850, losing 15%. At what price should he have sold it to gain 5%?

35. A shopkeeper allows a discount of 10% on the marked price and still gains 8%. What percentage above the cost price did he mark his goods?

36. The difference between the cost price and selling price of an article is ? 120. If the profit percentage is 20%, what is the selling price?

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