Profit and Loss MCQ QUESTIONS
1)If a shopkeeper buys an item for Rs. 100 and sells it for Rs. 120, what is his profit percentage?
A) 10%
B) 15%
C) 20%
D) 25%
2)If a man buys a bicycle for Rs. 2,500 and sells it for Rs. 2,000, what is his loss percentage?
A) 10%
B) 15%
C) 20%
D) 25%
3)A shopkeeper bought 50 pens at Rs. 20 per pen. He sold all of them at Rs. 25 per pen. What is his profit?
A) Rs. 250
B) Rs. 500
C) Rs. 750
D) Rs. 1,000
4)A bookshop owner sells a book for Rs. 350, which was bought for Rs. 280. What is his profit percentage?
A) 20%
B) 25%
C) 30%
D) 35%
5)A fruit vendor bought 100 mangoes at Rs. 10 each. He sold 70 mangoes at Rs. 12 each and the remaining at Rs. 8 each. What is his overall profit/loss percentage?
A) 8% profit
B) 8% loss
C) 10% profit
D) 10% loss
6)A shopkeeper sold an item for Rs. 720 and incurred a loss of 20%. What was the cost price of the item?
A) Rs. 900
B) Rs. 800
C) Rs. 720
D) Rs. 600
7)If a trader bought an article for Rs. 1,200 and sold it at 20% profit, what was the selling price of the article?
A) Rs. 1,440
B) Rs. 1,360
C) Rs. 1,280
D) Rs. 1,200
8)A shopkeeper marked an item for Rs. 500 and gave a discount of 20%. What was the selling price of the item?
A) Rs. 400
B) Rs. 450
C) Rs. 480
D) Rs. 520
9)A vegetable vendor purchased 10 kg of tomatoes at Rs. 40 per kg. He sold them at a profit of 25%. What was his selling price per kg?
A) Rs. 50
B) Rs. 45
C) Rs. 55
D) Rs. 60
10)If a shopkeeper sold an item for Rs. 300 and incurred a loss of 10%, what was the cost price of the item?
A) Rs. 330
B) Rs. 270
C) Rs. 320
D) Rs. 270
Answer
C) 20%
D) 20%
A) Rs. 250
B) 25%
B) 8% profit
A) Rs. 900
A) Rs. 1,440
C) Rs. 400
A) Rs. 50
B) Rs. 270
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