We have listed below the Best Profit and Loss MCQ Questions for your basic knowledge of Profit and Loss Quiz. This Profit and Loss Test contains 20 multiple Choice Questions. You have to select the right answer to every question.

1) A 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. 486

B.490

C.525

D.500

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

A. 40%

B.50%

C.33.3%

D.25%

3) 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.23:16

D.16:23

4) 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. 9108

B.8159

C.9756

D.8564

5) 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. 56.25 % gain

B.56.25 % gain

C.6.25 % loss

D.69 % gain

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

A. 255

B.272

C.280

D.300

7) The cost price of a particular amount of articles is same as the number of articles. Selling price of the articles comes out to be 20. Over the whole transaction 25% is gained. What is X?

A. 16

B.26

C.20

D.23

8) C.P of 12 pens = S.P. of 8 pens. Calculate the gain percentage.

A. 33%

B.25%

C.43%

D.50%

9) A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A. 3

B.7

C.6

D.5

10) A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A. 3

B.7

C.6

D.5

11) A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

A. 1090

B.1190

C.1201

D.1160

12) Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?

A. 4.5

B.3.5

C.6.5

D.5.6

13) A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

A. 1%

B.2%

C.3%

D.4%

14) A shopkeeper sold an article for Rs 2564.36. Approximately what was his profit percent if the cost price of the article was Rs 2400

A. 4%

B.5%

C.6%

D.7%

15) Raman purchased 10 toys at the rate of Rs. 400 per toy. He sold each one of them at the rate of Rs. 55. What was his profit or loss?

A. Profit of Rs. 10

B.Loss of Rs. 10

C.Profit of Rs. 15

D.Loss of Rs. 15

16) A vendor bought bottles at Rs 12 per bottle. He sold each at Rs 10. What is his loss%?

A. 20%

B.16.66%

C.67.6%

D.73%

17) Amit loses the selling price of 5 books on selling 35 books. His loss percentage is

A. 11%

B.10%

C.11.5%

D.12.5%

18) If the profit on an article is equal to one third of the selling price of an article, find the profit percentage.

A. 10%

B.50%

C.25%

D.75%

19) Priti purchased a cycle for Rs. 1800 and sold it for Rs. 2050. Find her gain percent (approximate).

A. 14%

B.8%

C.16%

D.11%

20) Komal buys an article at a discount of 25%. At what percentage above the cost price should he sell it to make a profit of 25% over the original list price?