Profit and Loss – Multiple Choice Questions (MCQs)

1. 49. A man sold two horses for ? 500 each. On one, he gained 10% and on the other, he lost 10%. What was his net profit or loss in the transaction?

   • A. ? 10 loss
   • B. ? 10 profit
   • C. ? 50 loss
   • D. ? 50 profit

2. 50. The cost price of a pen is ? 10 and the selling price is ? 12. What is the profit percentage?

   • A. 10%
   • B. 15%
   • C. 20%
   • D. 25%

3. 51. By selling a toy for ? 108, a shopkeeper loses 10%. For what price should he sell it to gain 20%?

   • A. ? 120
   • B. ? 132
   • C. ? 144
   • D. ? 162

4. 52. A shopkeeper marks his goods 50% above the cost price and then gives a discount of 40%. What is his profit or loss percentage?

   • A. 10% profit
   • B. 10% loss
   • C. 20% profit
   • D. 20% loss

5. 53. If the selling price is tripled and the cost price is doubled, the profit would become four times. What was the original profit percentage?

   • A. 50%
   • B. 100%
   • C. 150%
   • D. 200%