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Profit and Loss MCQs

Muhammad Aslam bought a TV for Rs.8000 and sold it for Rs.7000. How much loss did he get?

A. Rs. 1000

B. Rs. 2000

C. Rs. 3000

D. Rs. 4000

Nasir bought a practical copy for Rs.60 and sold it for Rs.40. How much loss did he get?

A. 30

B. 60

C. 40

D. 20

A doll is sold for Rs. 220. What was the cost of doll if the rate of profit was 10% of the cost?

A. 198

B. Rs. 200

C. Rs . 210

D. Rs. 240

The actual price of an article was Rs. 6000, the successive discount on it was 10% and 20%. Find the selling price.

A. Rs. 3240

B. Rs. 3440

C. Rs. 4320

D. Rs. 4490

A trader lists his articles at 30% above cost price and allows a discount of 10% on cash payment. Find his percentage gain.

A. 17%

B. 24%

C. 26%

D. 30%

A single discount equivalent to successive discount of 20%, 10% is:

A. 22%

B. 28%

C. 32%

D. 46%

A dealer sells his goods at cost price 750 gm weight for 1 kg. His gain or loss percentage is?

A. 33.33% Gain

B. 33.33% Loss

C. 35% Gain

D. 35% Loss

Apples are bought at 7 for Rs. 9 and sold at 9 for Rs. 7. Find percentage gain or loss?

A. 36.59% Loss

B. 36.59% Gain

C. 39.51% Loss

D. 39.51 Gain

Balloons are bought at 8 for Rs. 10 and sold at 10 for Rs. 8. Find percentage gain or loss?

A. 24% Gain

B. 24% Loss

C. 36% Gain

D. 36% Loss

Balloons are bought at 12 for Rs. 10 and sold at 10 for Rs. 12. Find percentage gain or loss?

A. 24% Gain

B. 24% Loss

C. 44% Gain

D. 44% Loss

The cost price of 15 articles is same as the selling price of 25 articles. Find percentage gain or loss?

A. 40% Gain

B. 40% Loss

C. 50% Gain

D. 50% Loss

If the selling price of 8 articles is same as the cost price of 12 articles, find percentage gain or loss?

A. 30% gain

B. 30% loss

C. 50% gain

D. 50% loss

The cost price of 8 articles is same as the selling price of 10 articles. Find percentage gain or loss?

A. 30% loss

B. 30% gain

C. 40% loss

D. 40% gain

A man sells an article at 7% loss, If he had sold it for Rs. 105 more, he could have gained 8%. What is the cost of the article?

A. 522

B. 598

C. 614

D. 700

A man sells an article at 15% loss, If he had sold it for Rs. 140 more, he could have gained 20%. What is the cost of article?

A. 400

B. 420

C. 494

D. 512

A man sells an article at 20% gain. If he had sold it at Rs. 80 more, he could have gained 30%. What is cost of the articles?

A. 600

B. 800

C. 900

D. 960

By selling a watch for Rs. 720 a man loses 20%. For what price should he sell it to gain 10%.

A. 810

B. 880

C. 990

D. 1060

By selling a bat for Rs. 640 a man loses 20%. What is the cost of that bat?

A. 680

B. 720

C. 774

D. 800

By selling a watch for Rs. 980, a man loses 30%. What is the cost of the watch?

A. 1400

B. 1500

C. 1600

D. 1800

A chair is bought for Rs. 800 sold at a loss of 10%. Find its selling price.

A. 700

B. 720

C. 820

D. 860

A chair is bought for Rs. 800 and sold at Rs. 720. Find the percentage gain or loss.

A. 10% Loss

B. 10% Gain

C. 12% Loss

D. 12% Gain

A bat is bought for Rs. 800 and sold at a gain of 20%. Find its selling price.

A. 850

B. 920

C. 960

D. 984

A table is bought for Rs. 600 and sold at Rs. 700. Find percentage gain or loss.

A. 25% Loss

B. 30% Gain

C. 25% Gain

D. 30% Loss

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