Profit and Loss Questions are an important part of quantitative aptitude and are frequently asked in competitive exams. Questions based on cost price, selling price, profit, loss, marked price, discount, and successive discounts are useful for exams such as SSC, Railway, Banking, Defence, Police, and other government examinations.
In this practice set, you will find 100 Profit and Loss MCQs with answers and explanations. The questions cover basic as well as exam-oriented concepts to help you improve your calculation speed, accuracy, and understanding of Profit and Loss.
Try to solve each question yourself before opening the View Answer section. Regular practice will help you become more confident in solving Profit and Loss questions in competitive exams.
Q1. An article is bought for ₹500 and sold for ₹600. What is the profit percentage?
A. 15%
B. 20%
C. 25%
D. 30%
View Answer
Answer: B. 20%
Profit = ₹600 − ₹500 = ₹100.
Profit% = 100/500 × 100 = 20%.
Profit = ₹600 − ₹500 = ₹100.
Profit% = 100/500 × 100 = 20%.
Q2. An article is bought for ₹800 and sold for ₹680. What is the loss percentage?
A. 10%
B. 12%
C. 15%
D. 20%
View Answer
Answer: C. 15%
Loss = ₹800 − ₹680 = ₹120.
Loss% = 120/800 × 100 = 15%.
Loss = ₹800 − ₹680 = ₹120.
Loss% = 120/800 × 100 = 15%.
Q3. An article is sold for ₹720 at a profit of 20%. What is its cost price?
A. ₹550
B. ₹600
C. ₹620
D. ₹650
View Answer
Answer: B. ₹600
₹720 = 120% of CP.
CP = 720 × 100/120 = ₹600.
₹720 = 120% of CP.
CP = 720 × 100/120 = ₹600.
Q4. An article is sold for ₹850 at a loss of 15%. What is its cost price?
A. ₹900
B. ₹950
C. ₹1,000
D. ₹1,050
View Answer
Answer: C. ₹1,000
₹850 = 85% of CP.
CP = 850 × 100/85 = ₹1,000.
₹850 = 85% of CP.
CP = 850 × 100/85 = ₹1,000.
Q5. An article costing ₹1,200 is sold at a profit of 25%. Find the selling price.
A. ₹1,400
B. ₹1,450
C. ₹1,500
D. ₹1,550
View Answer
Answer: C. ₹1,500
SP = 125% of ₹1,200 = ₹1,500.
SP = 125% of ₹1,200 = ₹1,500.
Q6. An article costing ₹2,000 is sold at a loss of 12%. Find the selling price.
A. ₹1,720
B. ₹1,760
C. ₹1,800
D. ₹1,840
View Answer
Answer: B. ₹1,760
SP = 88% of ₹2,000 = ₹1,760.
SP = 88% of ₹2,000 = ₹1,760.
Q7. An article is sold for ₹900 at a profit of 12.5%. What is its cost price?
A. ₹720
B. ₹800
C. ₹820
D. ₹850
View Answer
Answer: B. ₹800
12.5% = 1/8.
SP = 9/8 of CP.
CP = 900 × 8/9 = ₹800.
12.5% = 1/8.
SP = 9/8 of CP.
CP = 900 × 8/9 = ₹800.
Q8. An article is sold for ₹540 at a loss of 10%. What is its cost price?
A. ₹580
B. ₹600
C. ₹620
D. ₹650
View Answer
Answer: B. ₹600
SP = 90% of CP.
CP = 540 × 100/90 = ₹600.
SP = 90% of CP.
CP = 540 × 100/90 = ₹600.
Q9. An article bought for ₹400 is sold for ₹460. What is the profit percentage?
A. 10%
B. 12%
C. 15%
D. 20%
View Answer
Answer: C. 15%
Profit = ₹460 − ₹400 = ₹60.
Profit% = 60/400 × 100 = 15%.
Profit = ₹460 − ₹400 = ₹60.
Profit% = 60/400 × 100 = 15%.
Q10. An article bought for ₹750 is sold for ₹675. What is the loss percentage?
A. 5%
B. 8%
C. 10%
D. 12%
View Answer
Answer: C. 10%
Loss = ₹750 − ₹675 = ₹75.
Loss% = 75/750 × 100 = 10%.
Loss = ₹750 − ₹675 = ₹75.
Loss% = 75/750 × 100 = 10%.
Q11. If the cost price of an article is ₹600 and the profit is 15%, what is the selling price?
A. ₹660
B. ₹680
C. ₹690
D. ₹700
View Answer
Answer: C. ₹690
Profit = 15% of ₹600 = ₹90.
SP = ₹600 + ₹90 = ₹690.
Profit = 15% of ₹600 = ₹90.
SP = ₹600 + ₹90 = ₹690.
Q12. If an article is sold for ₹920 at a profit of 15%, what is its cost price?
A. ₹750
B. ₹800
C. ₹850
D. ₹900
View Answer
Answer: B. ₹800
CP = 920 × 100/115 = ₹800.
CP = 920 × 100/115 = ₹800.
Q13. An article is sold for ₹1,080 at a loss of 10%. Find its cost price.
A. ₹1,100
B. ₹1,150
C. ₹1,200
D. ₹1,250
View Answer
Answer: C. ₹1,200
CP = 1,080 × 100/90 = ₹1,200.
CP = 1,080 × 100/90 = ₹1,200.
Q14. An article costing ₹1,500 is sold for ₹1,800. What is the profit percentage?
A. 15%
B. 18%
C. 20%
D. 25%
View Answer
Answer: C. 20%
Profit = ₹300.
Profit% = 300/1,500 × 100 = 20%.
Profit = ₹300.
Profit% = 300/1,500 × 100 = 20%.
Q15. An article costing ₹2,500 is sold for ₹2,000. What is the loss percentage?
A. 15%
B. 20%
C. 25%
D. 30%
View Answer
Answer: B. 20%
Loss = ₹500.
Loss% = 500/2,500 × 100 = 20%.
Loss = ₹500.
Loss% = 500/2,500 × 100 = 20%.
Q16. A shopkeeper buys an article for ₹900 and sells it at a profit of 20%. What is the selling price?
A. ₹1,020
B. ₹1,050
C. ₹1,080
D. ₹1,100
View Answer
Answer: C. ₹1,080
SP = 120% of ₹900 = ₹1,080.
SP = 120% of ₹900 = ₹1,080.
Q17. A shopkeeper buys an article for ₹1,600 and sells it at a loss of 15%. Find the selling price.
A. ₹1,320
B. ₹1,360
C. ₹1,400
D. ₹1,440
View Answer
Answer: B. ₹1,360
SP = 85% of ₹1,600 = ₹1,360.
SP = 85% of ₹1,600 = ₹1,360.
Q18. If an article is sold for ₹1,440 at a profit of 20%, what is its cost price?
A. ₹1,100
B. ₹1,150
C. ₹1,200
D. ₹1,250
View Answer
Answer: C. ₹1,200
CP = 1,440 × 100/120 = ₹1,200.
CP = 1,440 × 100/120 = ₹1,200.
Q19. An article is sold at a loss of 25%. If its cost price is ₹800, what is its selling price?
A. ₹550
B. ₹600
C. ₹650
D. ₹700
View Answer
Answer: B. ₹600
SP = 75% of ₹800 = ₹600.
SP = 75% of ₹800 = ₹600.
Q20. An article is sold at a profit of 25%. If its selling price is ₹1,250, what is its cost price?
A. ₹900
B. ₹950
C. ₹1,000
D. ₹1,050
View Answer
Answer: C. ₹1,000
CP = 1,250 × 100/125 = ₹1,000.
CP = 1,250 × 100/125 = ₹1,000.
Q21. An article is marked 20% above its cost price and sold at a discount of 10%. What is the profit percentage?
A. 5%
B. 8%
C. 10%
D. 12%
View Answer
Answer: B. 8%
Let CP = ₹100.
MP = ₹120.
SP = ₹120 × 90/100 = ₹108.
Profit = 8%.
Let CP = ₹100.
MP = ₹120.
SP = ₹120 × 90/100 = ₹108.
Profit = 8%.
Q22. An article is marked 25% above its cost price and sold at a discount of 20%. What is the result?
A. 5% profit
B. 5% loss
C. No profit, no loss
D. 10% profit
View Answer
Answer: C. No profit, no loss
Let CP = ₹100.
MP = ₹125.
SP = ₹125 × 80/100 = ₹100.
Let CP = ₹100.
MP = ₹125.
SP = ₹125 × 80/100 = ₹100.
Q23. An article is marked 30% above its cost price and sold at a discount of 10%. What is the profit percentage?
A. 15%
B. 17%
C. 18%
D. 20%
View Answer
Answer: B. 17%
Let CP = ₹100.
MP = ₹130.
SP = ₹117.
Profit = 17%.
Let CP = ₹100.
MP = ₹130.
SP = ₹117.
Profit = 17%.
Q24. An article is marked 40% above its cost price and sold at a discount of 10%. What is the profit percentage?
A. 20%
B. 24%
C. 26%
D. 30%
View Answer
Answer: C. 26%
Let CP = ₹100.
MP = ₹140.
SP = ₹126.
Profit = 26%.
Let CP = ₹100.
MP = ₹140.
SP = ₹126.
Profit = 26%.
Q25. An article is marked 50% above its cost price and sold at a discount of 20%. What is the profit percentage?
A. 15%
B. 20%
C. 25%
D. 30%
View Answer
Answer: B. 20%
Let CP = ₹100.
MP = ₹150.
SP = ₹120.
Profit = 20%.
Let CP = ₹100.
MP = ₹150.
SP = ₹120.
Profit = 20%.
Q26. A shopkeeper gives a discount of 15% on an article marked at ₹2,000. What is the selling price?
A. ₹1,650
B. ₹1,700
C. ₹1,750
D. ₹1,800
View Answer
Answer: B. ₹1,700
Discount = ₹300.
SP = ₹2,000 − ₹300 = ₹1,700.
Discount = ₹300.
SP = ₹2,000 − ₹300 = ₹1,700.
Q27. An article marked at ₹1,500 is sold at a discount of 20%. Find the selling price.
A. ₹1,100
B. ₹1,150
C. ₹1,200
D. ₹1,250
View Answer
Answer: C. ₹1,200
SP = 80% of ₹1,500 = ₹1,200.
SP = 80% of ₹1,500 = ₹1,200.
Q28. Two successive discounts of 10% and 20% are equivalent to a single discount of:
A. 26%
B. 28%
C. 30%
D. 32%
View Answer
Answer: B. 28%
Equivalent discount = 10 + 20 − (10 × 20)/100 = 28%.
Equivalent discount = 10 + 20 − (10 × 20)/100 = 28%.
Q29. Two successive discounts of 20% and 10% are equivalent to a single discount of:
A. 26%
B. 28%
C. 30%
D. 32%
View Answer
Answer: B. 28%
Equivalent discount = 20 + 10 − (20 × 10)/100 = 28%.
Equivalent discount = 20 + 10 − (20 × 10)/100 = 28%.
Q30. Two successive discounts of 25% and 20% are equivalent to a single discount of:
A. 35%
B. 40%
C. 45%
D. 50%
View Answer
Answer: B. 40%
Equivalent discount = 25 + 20 − (25 × 20)/100 = 40%.
Equivalent discount = 25 + 20 − (25 × 20)/100 = 40%.
Q31. An article marked at ₹2,500 is sold after successive discounts of 10% and 20%. Find the selling price.
A. ₹1,700
B. ₹1,750
C. ₹1,800
D. ₹1,850
View Answer
Answer: C. ₹1,800
After 10% discount = ₹2,250.
After 20% discount = ₹1,800.
After 10% discount = ₹2,250.
After 20% discount = ₹1,800.
Q32. A shopkeeper wants to make a profit of 20% after giving a discount of 20%. At what percentage above the cost price should he mark the article?
A. 40%
B. 45%
C. 50%
D. 55%
View Answer
Answer: C. 50%
Let CP = ₹100.
Required SP = ₹120.
MP = 120/0.8 = ₹150.
Therefore, MP is 50% above CP.
Let CP = ₹100.
Required SP = ₹120.
MP = 120/0.8 = ₹150.
Therefore, MP is 50% above CP.
Q33. A shopkeeper wants a profit of 25% after allowing a discount of 20%. If the cost price is ₹800, what should be the marked price?
A. ₹1,000
B. ₹1,125
C. ₹1,250
D. ₹1,300
View Answer
Answer: C. ₹1,250
Required SP = 125% of ₹800 = ₹1,000.
MP = 1,000/0.8 = ₹1,250.
Required SP = 125% of ₹800 = ₹1,000.
MP = 1,000/0.8 = ₹1,250.
Q34. A trader buys an article for ₹600 and sells it for ₹750. What is the profit percentage?
A. 20%
B. 25%
C. 30%
D. 35%
View Answer
Answer: B. 25%
Profit = ₹150.
Profit% = 150/600 × 100 = 25%.
Profit = ₹150.
Profit% = 150/600 × 100 = 25%.
Q35. An article is sold for ₹720 at a loss of 10%. What is its cost price?
A. ₹750
B. ₹800
C. ₹850
D. ₹900
View Answer
Answer: B. ₹800
CP = 720 × 100/90 = ₹800.
CP = 720 × 100/90 = ₹800.
Q36. An article is sold for ₹1,380 at a profit of 15%. What is its cost price?
A. ₹1,100
B. ₹1,150
C. ₹1,200
D. ₹1,250
View Answer
Answer: C. ₹1,200
CP = 1,380 × 100/115 = ₹1,200.
CP = 1,380 × 100/115 = ₹1,200.
Q37. An article is sold for ₹1,530 at a loss of 15%. Find the cost price.
A. ₹1,600
B. ₹1,700
C. ₹1,800
D. ₹1,900
View Answer
Answer: C. ₹1,800
CP = 1,530 × 100/85 = ₹1,800.
CP = 1,530 × 100/85 = ₹1,800.
Q38. An article is bought for ₹2,400 and sold for ₹2,760. What is the profit percentage?
A. 12%
B. 15%
C. 18%
D. 20%
View Answer
Answer: B. 15%
Profit = ₹360.
Profit% = 360/2,400 × 100 = 15%.
Profit = ₹360.
Profit% = 360/2,400 × 100 = 15%.
Q39. An article is bought for ₹1,500 and sold for ₹1,275. Find the loss percentage.
A. 10%
B. 12%
C. 15%
D. 18%
View Answer
Answer: C. 15%
Loss = ₹225.
Loss% = 225/1,500 × 100 = 15%.
Loss = ₹225.
Loss% = 225/1,500 × 100 = 15%.
Q40. If an article is sold for ₹1,080 at a profit of 8%, what is its cost price?
A. ₹900
B. ₹1,000
C. ₹1,020
D. ₹1,050
View Answer
Answer: B. ₹1,000
CP = 1,080 × 100/108 = ₹1,000.
CP = 1,080 × 100/108 = ₹1,000.
Q41. If an article is sold for ₹1,020 at a loss of 15%, what is its cost price?
A. ₹1,100
B. ₹1,150
C. ₹1,200
D. ₹1,250
View Answer
Answer: C. ₹1,200
CP = 1,020 × 100/85 = ₹1,200.
CP = 1,020 × 100/85 = ₹1,200.
Q42. An article is sold at a profit of 15%. If it were sold for ₹90 more, the profit would be 20%. Find the cost price.
A. ₹1,200
B. ₹1,500
C. ₹1,800
D. ₹2,000
View Answer
Answer: C. ₹1,800
Difference in profit = 5% of CP.
5% of CP = ₹90.
CP = ₹90 × 100/5 = ₹1,800.
Difference in profit = 5% of CP.
5% of CP = ₹90.
CP = ₹90 × 100/5 = ₹1,800.
Q43. An article is sold at a loss of 10%. If it were sold for ₹120 more, there would be a profit of 5%. Find the cost price.
A. ₹600
B. ₹800
C. ₹1,000
D. ₹1,200
View Answer
Answer: B. ₹800
Difference = 10% loss + 5% profit = 15% of CP.
15% of CP = ₹120.
CP = ₹120 × 100/15 = ₹800.
Difference = 10% loss + 5% profit = 15% of CP.
15% of CP = ₹120.
CP = ₹120 × 100/15 = ₹800.
Q44. An article is sold at a profit of 20%. If its selling price is increased by ₹120, the profit becomes 30%. Find the cost price.
A. ₹900
B. ₹1,000
C. ₹1,200
D. ₹1,500
View Answer
Answer: C. ₹1,200
Difference in profit = 10% of CP.
10% of CP = ₹120.
CP = ₹1,200.
Difference in profit = 10% of CP.
10% of CP = ₹120.
CP = ₹1,200.
Q45. A trader buys an article for ₹500 and spends ₹50 on transportation. If he sells it for ₹660, what is his profit percentage?
A. 15%
B. 18%
C. 20%
D. 22%
View Answer
Answer: C. 20%
Total CP = ₹550.
Profit = ₹660 − ₹550 = ₹110.
Profit% = 110/550 × 100 = 20%.
Total CP = ₹550.
Profit = ₹660 − ₹550 = ₹110.
Profit% = 110/550 × 100 = 20%.
Q46. A trader buys an article for ₹800 and spends ₹100 on repairs. If he sells it for ₹1,080, what is the profit percentage?
A. 15%
B. 20%
C. 25%
D. 30%
View Answer
Answer: B. 20%
Total CP = ₹900.
Profit = ₹180.
Profit% = 180/900 × 100 = 20%.
Total CP = ₹900.
Profit = ₹180.
Profit% = 180/900 × 100 = 20%.
Q47. A trader buys an article for ₹1,000 and spends ₹200 on transportation. He sells it for ₹1,440. What is the profit percentage?
A. 15%
B. 18%
C. 20%
D. 25%
View Answer
Answer: C. 20%
Total CP = ₹1,200.
Profit = ₹240.
Profit% = 240/1,200 × 100 = 20%.
Total CP = ₹1,200.
Profit = ₹240.
Profit% = 240/1,200 × 100 = 20%.
Q48. If the profit on an article is 25% of its cost price, what percentage of the selling price is the profit?
A. 15%
B. 20%
C. 25%
D. 30%
View Answer
Answer: B. 20%
Let CP = ₹100.
Profit = ₹25 and SP = ₹125.
Profit as percentage of SP = 25/125 × 100 = 20%.
Let CP = ₹100.
Profit = ₹25 and SP = ₹125.
Profit as percentage of SP = 25/125 × 100 = 20%.
Q49. If the loss on an article is 20% of its cost price, what percentage of the selling price is the loss?
A. 20%
B. 22.5%
C. 25%
D. 30%
View Answer
Answer: C. 25%
Let CP = ₹100.
Loss = ₹20 and SP = ₹80.
Loss as percentage of SP = 20/80 × 100 = 25%.
Let CP = ₹100.
Loss = ₹20 and SP = ₹80.
Loss as percentage of SP = 20/80 × 100 = 25%.
Q50. If an article is sold at a profit of 20%, what percentage of the cost price is the selling price?
A. 100%
B. 110%
C. 120%
D. 125%
View Answer
Answer: C. 120%
SP = CP + 20% of CP = 120% of CP.
SP = CP + 20% of CP = 120% of CP.
Q51. If an article is sold at a loss of 25%, what percentage of the cost price is the selling price?
A. 65%
B. 70%
C. 75%
D. 80%
View Answer
Answer: C. 75%
SP = 100% − 25% = 75% of CP.
SP = 100% − 25% = 75% of CP.
Q52. A shopkeeper uses a false weight of 900 g instead of 1 kg but charges the price of 1 kg. What is his gain percentage?
A. 10%
B. 11 1/9%
C. 12.5%
D. 15%
View Answer
Answer: B. 11 1/9%
Suppose 1 kg costs ₹100. He gives 900 g costing ₹90 but charges ₹100.
Gain = ₹10.
Gain% = 10/90 × 100 = 11 1/9%.
Suppose 1 kg costs ₹100. He gives 900 g costing ₹90 but charges ₹100.
Gain = ₹10.
Gain% = 10/90 × 100 = 11 1/9%.
Q53. A shopkeeper uses 800 g instead of 1 kg and sells at the cost price. What is his gain percentage?
A. 20%
B. 25%
C. 30%
D. 40%
View Answer
Answer: B. 25%
Suppose 1 kg costs ₹100. He gives 800 g costing ₹80 but receives ₹100.
Gain% = 20/80 × 100 = 25%.
Suppose 1 kg costs ₹100. He gives 800 g costing ₹80 but receives ₹100.
Gain% = 20/80 × 100 = 25%.
Q54. A shopkeeper uses 950 g instead of 1 kg and sells at the cost price. What is his gain percentage?
A. 5%
B. 5 5/19%
C. 6%
D. 6 1/4%
View Answer
Answer: B. 5 5/19%
Gain = 50 g on the actual quantity supplied, 950 g.
Gain% = 50/950 × 100 = 5 5/19%.
Gain = 50 g on the actual quantity supplied, 950 g.
Gain% = 50/950 × 100 = 5 5/19%.
Q55. A trader buys an article at 20% discount on its marked price and sells it at the marked price. What is his profit percentage?
A. 20%
B. 25%
C. 30%
D. 40%
View Answer
Answer: B. 25%
Let MP = ₹100.
CP = ₹80 and SP = ₹100.
Profit% = 20/80 × 100 = 25%.
Let MP = ₹100.
CP = ₹80 and SP = ₹100.
Profit% = 20/80 × 100 = 25%.
Q56. A trader buys an article at 25% discount on its marked price and sells it at the marked price. What is his profit percentage?
A. 25%
B. 30%
C. 33 1/3%
D. 40%
View Answer
Answer: C. 33 1/3%
Let MP = ₹100.
CP = ₹75 and SP = ₹100.
Profit% = 25/75 × 100 = 33 1/3%.
Let MP = ₹100.
CP = ₹75 and SP = ₹100.
Profit% = 25/75 × 100 = 33 1/3%.
Q57. A trader buys an article at 30% discount on its marked price and sells it at the marked price. What is his profit percentage?
A. 30%
B. 40%
C. 42 6/7%
D. 45%
View Answer
Answer: C. 42 6/7%
Let MP = ₹100.
CP = ₹70 and SP = ₹100.
Profit% = 30/70 × 100 = 42 6/7%.
Let MP = ₹100.
CP = ₹70 and SP = ₹100.
Profit% = 30/70 × 100 = 42 6/7%.
Q58. An article is sold at a profit of 20%. If its selling price is reduced by 10%, what will be the new profit percentage?
A. 5%
B. 8%
C. 10%
D. 12%
View Answer
Answer: B. 8%
Let CP = ₹100.
Original SP = ₹120.
New SP = ₹108.
New profit = 8%.
Let CP = ₹100.
Original SP = ₹120.
New SP = ₹108.
New profit = 8%.
Q59. An article is sold at a loss of 20%. If its selling price is increased by 25%, what will be the new result?
A. 5% profit
B. No profit, no loss
C. 5% loss
D. 10% profit
View Answer
Answer: B. No profit, no loss
Let CP = ₹100.
Original SP = ₹80.
New SP = ₹80 × 125/100 = ₹100.
Let CP = ₹100.
Original SP = ₹80.
New SP = ₹80 × 125/100 = ₹100.
Q60. An article is sold at a profit of 25%. If its selling price is reduced by 20%, what will be the result?
A. 5% profit
B. No profit, no loss
C. 5% loss
D. 10% loss
View Answer
Answer: B. No profit, no loss
Let CP = ₹100.
Original SP = ₹125.
After a 20% reduction, SP = ₹100.
Let CP = ₹100.
Original SP = ₹125.
After a 20% reduction, SP = ₹100.
Q61. An article is sold at a loss of 20%. If its selling price is increased by 20%, what will be the new result?
A. 4% loss
B. No profit, no loss
C. 4% profit
D. 5% loss
View Answer
Answer: A. 4% loss
Let CP = ₹100.
Original SP = ₹80.
New SP = ₹96.
Loss = ₹4 = 4%.
Let CP = ₹100.
Original SP = ₹80.
New SP = ₹96.
Loss = ₹4 = 4%.
Q62. An article is sold at a profit of 40%. By what percentage should its selling price be reduced to make the profit 12%?
A. 15%
B. 20%
C. 25%
D. 28%
View Answer
Answer: B. 20%
Let CP = ₹100.
Original SP = ₹140.
Required SP = ₹112.
Reduction = ₹28.
Reduction% = 28/140 × 100 = 20%.
Let CP = ₹100.
Original SP = ₹140.
Required SP = ₹112.
Reduction = ₹28.
Reduction% = 28/140 × 100 = 20%.
Q63. An article is sold at a loss of 10%. By what percentage should its selling price be increased to earn a profit of 8%?
A. 15%
B. 18%
C. 20%
D. 22%
View Answer
Answer: C. 20%
Let CP = ₹100.
Current SP = ₹90.
Required SP = ₹108.
Increase = ₹18.
Increase% = 18/90 × 100 = 20%.
Let CP = ₹100.
Current SP = ₹90.
Required SP = ₹108.
Increase = ₹18.
Increase% = 18/90 × 100 = 20%.
Q64. An article is sold at a profit of 30%. By what percentage should its selling price be reduced to earn a profit of 17%?
A. 8%
B. 10%
C. 12%
D. 15%
View Answer
Answer: B. 10%
Let CP = ₹100.
Original SP = ₹130.
Required SP = ₹117.
Reduction% = 13/130 × 100 = 10%.
Let CP = ₹100.
Original SP = ₹130.
Required SP = ₹117.
Reduction% = 13/130 × 100 = 10%.
Q65. A shopkeeper sells an article for ₹1,200 at a profit of 20%. At what price should he sell it to earn a profit of 30%?
A. ₹1,250
B. ₹1,300
C. ₹1,350
D. ₹1,400
View Answer
Answer: B. ₹1,300
CP = 1,200/1.20 = ₹1,000.
Required SP = 130% of ₹1,000 = ₹1,300.
CP = 1,200/1.20 = ₹1,000.
Required SP = 130% of ₹1,000 = ₹1,300.
Q66. A shopkeeper sells an article for ₹1,080 at a profit of 20%. At what price should he sell it to incur a loss of 10%?
A. ₹780
B. ₹810
C. ₹840
D. ₹900
View Answer
Answer: B. ₹810
CP = ₹1,080/1.20 = ₹900.
SP at 10% loss = ₹900 × 90/100 = ₹810.
CP = ₹1,080/1.20 = ₹900.
SP at 10% loss = ₹900 × 90/100 = ₹810.
Q67. Two articles are sold for ₹1,000 each. On one there is a profit of 20% and on the other a loss of 20%. What is the overall result?
A. 4% profit
B. 4% loss
C. 2% loss
D. No profit or loss
View Answer
Answer: B. 4% loss
CP of first = ₹1,000/1.20 = ₹833.33.
CP of second = ₹1,000/0.80 = ₹1,250.
Total CP = ₹2,083.33.
Total SP = ₹2,000.
Loss = 4% of total CP.
CP of first = ₹1,000/1.20 = ₹833.33.
CP of second = ₹1,000/0.80 = ₹1,250.
Total CP = ₹2,083.33.
Total SP = ₹2,000.
Loss = 4% of total CP.
Q68. Two articles are sold for ₹600 each. On one there is a profit of 10% and on the other a loss of 10%. What is the overall result?
A. 1% profit
B. 1% loss
C. 2% loss
D. No profit or loss
View Answer
Answer: B. 1% loss
For equal selling prices and equal gain/loss of 10%, the overall loss is 1%.
For equal selling prices and equal gain/loss of 10%, the overall loss is 1%.
Q69. Two articles are sold for ₹1,200 each. One is sold at a profit of 25% and the other at a loss of 25%. What is the overall loss percentage?
A. 5%
B. 6.25%
C. 8%
D. 10%
View Answer
Answer: B. 6.25%
CP of first = ₹1,200/1.25 = ₹960.
CP of second = ₹1,200/0.75 = ₹1,600.
Total CP = ₹2,560.
Total SP = ₹2,400.
Loss = ₹160.
Loss% = 160/2,560 × 100 = 6.25%.
CP of first = ₹1,200/1.25 = ₹960.
CP of second = ₹1,200/0.75 = ₹1,600.
Total CP = ₹2,560.
Total SP = ₹2,400.
Loss = ₹160.
Loss% = 160/2,560 × 100 = 6.25%.
Q70. A trader buys 10 articles for ₹900 and sells each article for ₹110. What is his profit percentage?
A. 20%
B. 22 2/9%
C. 25%
D. 30%
View Answer
Answer: B. 22 2/9%
Total CP = ₹900.
Total SP = ₹1,100.
Profit = ₹200.
Profit% = 200/900 × 100 = 22 2/9%.
Total CP = ₹900.
Total SP = ₹1,100.
Profit = ₹200.
Profit% = 200/900 × 100 = 22 2/9%.
Q71. A trader buys 12 articles for ₹1,200 and sells each for ₹120. What is his profit percentage?
A. 10%
B. 15%
C. 20%
D. 25%
View Answer
Answer: C. 20%
Total SP = 12 × ₹120 = ₹1,440.
Profit = ₹240.
Profit% = 240/1,200 × 100 = 20%.
Total SP = 12 × ₹120 = ₹1,440.
Profit = ₹240.
Profit% = 240/1,200 × 100 = 20%.
Q72. A trader buys 20 pens for ₹400 and sells each pen for ₹25. What is his profit percentage?
A. 20%
B. 25%
C. 30%
D. 35%
View Answer
Answer: B. 25%
Total SP = 20 × ₹25 = ₹500.
Profit = ₹100.
Profit% = 100/400 × 100 = 25%.
Total SP = 20 × ₹25 = ₹500.
Profit = ₹100.
Profit% = 100/400 × 100 = 25%.
Q73. A trader buys 15 books for ₹1,500 and sells each book for ₹90. What is his loss percentage?
A. 5%
B. 8%
C. 10%
D. 12%
View Answer
Answer: C. 10%
Total SP = 15 × ₹90 = ₹1,350.
Loss = ₹150.
Loss% = 150/1,500 × 100 = 10%.
Total SP = 15 × ₹90 = ₹1,350.
Loss = ₹150.
Loss% = 150/1,500 × 100 = 10%.
Q74. A trader sells an article for ₹960 at a profit of 20%. What is the cost price?
A. ₹750
B. ₹800
C. ₹850
D. ₹900
View Answer
Answer: B. ₹800
CP = 960 × 100/120 = ₹800.
CP = 960 × 100/120 = ₹800.
Q75. A trader sells an article for ₹840 at a loss of 20%. What is the cost price?
A. ₹900
B. ₹950
C. ₹1,050
D. ₹1,100
View Answer
Answer: C. ₹1,050
SP = 80% of CP.
CP = 840 × 100/80 = ₹1,050.
SP = 80% of CP.
CP = 840 × 100/80 = ₹1,050.
Q76. An article is bought for ₹1,000 and sold for ₹1,250. What is the profit percentage?
A. 20%
B. 25%
C. 30%
D. 35%
View Answer
Answer: B. 25%
Profit = ₹250.
Profit% = 250/1,000 × 100 = 25%.
Profit = ₹250.
Profit% = 250/1,000 × 100 = 25%.
Q77. An article is bought for ₹1,200 and sold for ₹960. What is the loss percentage?
A. 15%
B. 18%
C. 20%
D. 25%
View Answer
Answer: C. 20%
Loss = ₹240.
Loss% = 240/1,200 × 100 = 20%.
Loss = ₹240.
Loss% = 240/1,200 × 100 = 20%.
Q78. A shopkeeper buys an article for ₹2,000 and sells it for ₹2,300. What is the profit percentage?
A. 10%
B. 12%
C. 15%
D. 18%
View Answer
Answer: C. 15%
Profit = ₹300.
Profit% = 300/2,000 × 100 = 15%.
Profit = ₹300.
Profit% = 300/2,000 × 100 = 15%.
Q79. A shopkeeper buys an article for ₹2,500 and sells it for ₹2,125. What is the loss percentage?
A. 10%
B. 12%
C. 15%
D. 18%
View Answer
Answer: C. 15%
Loss = ₹375.
Loss% = 375/2,500 × 100 = 15%.
Loss = ₹375.
Loss% = 375/2,500 × 100 = 15%.
Q80. An article is sold for ₹1,440 at a profit of 20%. What would be the selling price for a profit of 30%?
A. ₹1,500
B. ₹1,560
C. ₹1,600
D. ₹1,650
View Answer
Answer: B. ₹1,560
CP = 1,440/1.20 = ₹1,200.
SP at 30% profit = ₹1,200 × 1.30 = ₹1,560.
CP = 1,440/1.20 = ₹1,200.
SP at 30% profit = ₹1,200 × 1.30 = ₹1,560.
Q81. An article is sold for ₹1,080 at a profit of 20%. What would be the selling price for a loss of 10%?
A. ₹780
B. ₹810
C. ₹840
D. ₹900
View Answer
Answer: B. ₹810
CP = ₹1,080/1.20 = ₹900.
SP at 10% loss = ₹810.
CP = ₹1,080/1.20 = ₹900.
SP at 10% loss = ₹810.
Q82. A shopkeeper marks an article 40% above its cost price and gives a discount of 10%. What is the profit percentage?
A. 24%
B. 25%
C. 26%
D. 28%
View Answer
Answer: C. 26%
Let CP = ₹100.
MP = ₹140.
SP = ₹126.
Profit = 26%.
Let CP = ₹100.
MP = ₹140.
SP = ₹126.
Profit = 26%.
Q83. A shopkeeper marks an article 60% above its cost price and gives a discount of 25%. What is the profit percentage?
A. 15%
B. 20%
C. 25%
D. 30%
View Answer
Answer: B. 20%
Let CP = ₹100.
MP = ₹160.
SP = ₹120.
Profit = 20%.
Let CP = ₹100.
MP = ₹160.
SP = ₹120.
Profit = 20%.
Q84. A shopkeeper marks an article 80% above its cost price and gives a discount of 25%. What is the profit percentage?
A. 25%
B. 30%
C. 35%
D. 40%
View Answer
Answer: C. 35%
Let CP = ₹100.
MP = ₹180.
SP = ₹135.
Profit = 35%.
Let CP = ₹100.
MP = ₹180.
SP = ₹135.
Profit = 35%.
Q85. A shopkeeper marks an article 100% above its cost price and gives a discount of 20%. What is the profit percentage?
A. 50%
B. 60%
C. 70%
D. 80%
View Answer
Answer: B. 60%
Let CP = ₹100.
MP = ₹200.
SP after discount = ₹160.
Profit = 60%.
Let CP = ₹100.
MP = ₹200.
SP after discount = ₹160.
Profit = 60%.
Q86. A shopkeeper wants to earn a profit of 30% after giving a discount of 20%. At what percentage above the cost price should he mark the article?
A. 50%
B. 55%
C. 62.5%
D. 65%
View Answer
Answer: C. 62.5%
Let CP = ₹100.
Required SP = ₹130.
SP = 80% of MP.
MP = 130/0.8 = ₹162.50.
Therefore, MP is 62.5% above CP.
Let CP = ₹100.
Required SP = ₹130.
SP = 80% of MP.
MP = 130/0.8 = ₹162.50.
Therefore, MP is 62.5% above CP.
Q87. A shopkeeper marks an article 50% above its cost price and gives successive discounts of 10% and 20%. What is his profit percentage?
A. 5%
B. 8%
C. 10%
D. 12%
View Answer
Answer: B. 8%
Let CP = ₹100.
MP = ₹150.
After 10% discount = ₹135.
After 20% discount = ₹108.
Profit = 8%.
Let CP = ₹100.
MP = ₹150.
After 10% discount = ₹135.
After 20% discount = ₹108.
Profit = 8%.
Q88. A shopkeeper marks an article 40% above its cost price and gives successive discounts of 10% and 10%. What is his profit percentage?
A. 10%
B. 12%
C. 13.4%
D. 15%
View Answer
Answer: C. 13.4%
Let CP = ₹100.
MP = ₹140.
SP = 140 × 0.9 × 0.9 = ₹113.40.
Profit = 13.4%.
Let CP = ₹100.
MP = ₹140.
SP = 140 × 0.9 × 0.9 = ₹113.40.
Profit = 13.4%.
Q89. A trader wants to earn a profit of 20% after giving a discount of 10%. If the cost price is ₹1,500, what should be the marked price?
A. ₹1,800
B. ₹1,900
C. ₹2,000
D. ₹2,100
View Answer
Answer: C. ₹2,000
Required SP = 120% of ₹1,500 = ₹1,800.
MP = ₹1,800/0.9 = ₹2,000.
Required SP = 120% of ₹1,500 = ₹1,800.
MP = ₹1,800/0.9 = ₹2,000.
Q90. An article is marked at ₹2,000 and sold at a discount of 15%. If its cost price is ₹1,500, what is the profit percentage?
A. 10%
B. 12%
C. 13 1/3%
D. 15%
View Answer
Answer: C. 13 1/3%
SP = 85% of ₹2,000 = ₹1,700.
Profit = ₹200.
Profit% = 200/1,500 × 100 = 13 1/3%.
SP = 85% of ₹2,000 = ₹1,700.
Profit = ₹200.
Profit% = 200/1,500 × 100 = 13 1/3%.
Q91. A shopkeeper marks an article at ₹1,800 and gives a discount of 10%. If the cost price is ₹1,400, what is the profit percentage?
A. 12%
B. 15%
C. 15 5/7%
D. 18%
View Answer
Answer: C. 15 5/7%
SP = 90% of ₹1,800 = ₹1,620.
Profit = ₹1,620 − ₹1,400 = ₹220.
Profit% = 220/1,400 × 100 = 15 5/7%.
SP = 90% of ₹1,800 = ₹1,620.
Profit = ₹1,620 − ₹1,400 = ₹220.
Profit% = 220/1,400 × 100 = 15 5/7%.
Q92. An article is sold at a profit of 25%. If the cost price is increased by 20% while the selling price remains unchanged, what will be the new profit percentage?
A. 4 1/6%
B. 5%
C. 6 1/4%
D. 8%
View Answer
Answer: A. 4 1/6%
Let original CP = ₹100.
SP = ₹125.
New CP = ₹120.
Profit = ₹5.
New profit% = 5/120 × 100 = 4 1/6%.
Let original CP = ₹100.
SP = ₹125.
New CP = ₹120.
Profit = ₹5.
New profit% = 5/120 × 100 = 4 1/6%.
Q93. An article is sold at a loss of 20%. If the cost price is reduced by 20% while the selling price remains unchanged, what will be the new result?
A. No profit, no loss
B. 5% profit
C. 10% profit
D. 20% profit
View Answer
Answer: A. No profit, no loss
Let original CP = ₹100.
SP = ₹80.
New CP = ₹80.
Therefore, there is no profit or loss.
Let original CP = ₹100.
SP = ₹80.
New CP = ₹80.
Therefore, there is no profit or loss.
Q94. A trader buys an article for ₹1,000 and sells it at a profit of 20%. If he pays 5% commission on the selling price, how much does he receive after commission?
A. ₹1,100
B. ₹1,140
C. ₹1,150
D. ₹1,200
View Answer
Answer: B. ₹1,140
SP = 120% of ₹1,000 = ₹1,200.
Commission = 5% of ₹1,200 = ₹60.
Amount received = ₹1,140.
SP = 120% of ₹1,000 = ₹1,200.
Commission = 5% of ₹1,200 = ₹60.
Amount received = ₹1,140.
Q95. A trader buys an article for ₹2,000 and sells it at a profit of 15%. If he pays 8% commission on the selling price, how much does he receive after commission?
A. ₹2,050
B. ₹2,116
C. ₹2,200
D. ₹2,300
View Answer
Answer: B. ₹2,116
SP = 115% of ₹2,000 = ₹2,300.
Commission = 8% of ₹2,300 = ₹184.
Amount received = ₹2,116.
SP = 115% of ₹2,000 = ₹2,300.
Commission = 8% of ₹2,300 = ₹184.
Amount received = ₹2,116.
Q96. An article is bought for ₹800 and ₹40 is spent on transportation. If it is sold for ₹924, what is the profit percentage?
A. 8%
B. 10%
C. 12%
D. 15%
View Answer
Answer: B. 10%
Total CP = ₹800 + ₹40 = ₹840.
Profit = ₹924 − ₹840 = ₹84.
Profit% = 84/840 × 100 = 10%.
Total CP = ₹800 + ₹40 = ₹840.
Profit = ₹924 − ₹840 = ₹84.
Profit% = 84/840 × 100 = 10%.
Q97. A trader buys an article for ₹900 and spends ₹100 on transportation. At what price should he sell it to earn a profit of 20%?
A. ₹1,100
B. ₹1,150
C. ₹1,200
D. ₹1,250
View Answer
Answer: C. ₹1,200
Total CP = ₹900 + ₹100 = ₹1,000.
Required SP = 120% of ₹1,000 = ₹1,200.
Total CP = ₹900 + ₹100 = ₹1,000.
Required SP = 120% of ₹1,000 = ₹1,200.
Q98. A shopkeeper buys an article for ₹1,500 and spends ₹100 on repairs. He sells it for ₹1,920. What is his profit percentage?
A. 15%
B. 18%
C. 20%
D. 25%
View Answer
Answer: C. 20%
Total CP = ₹1,500 + ₹100 = ₹1,600.
Profit = ₹1,920 − ₹1,600 = ₹320.
Profit% = 320/1,600 × 100 = 20%.
Total CP = ₹1,500 + ₹100 = ₹1,600.
Profit = ₹1,920 − ₹1,600 = ₹320.
Profit% = 320/1,600 × 100 = 20%.
Q99. A trader buys an article for ₹2,000 and spends ₹200 on repairs. At what price should he sell it to earn a profit of 25%?
A. ₹2,500
B. ₹2,750
C. ₹2,800
D. ₹3,000
View Answer
Answer: B. ₹2,750
Total CP = ₹2,000 + ₹200 = ₹2,200.
Required SP = 125% of ₹2,200 = ₹2,750.
Total CP = ₹2,000 + ₹200 = ₹2,200.
Required SP = 125% of ₹2,200 = ₹2,750.
Q100. A trader buys an article for ₹1,600 and sells it for ₹2,000 after giving a discount of 20% on the marked price. What is the marked price?
A. ₹2,400
B. ₹2,500
C. ₹2,600
D. ₹2,750
View Answer
Answer: B. ₹2,500
SP = 80% of MP.
MP = ₹2,000 × 100/80 = ₹2,500.
SP = 80% of MP.
MP = ₹2,000 × 100/80 = ₹2,500.
Profit and Loss is an important topic in quantitative aptitude, and a strong understanding of its basic concepts can make many competitive exam questions easier to solve. By practicing different types of Profit and Loss questions, you can improve both your calculation speed and accuracy.
This set of 100 Profit and Loss questions with answers covers important concepts such as cost price, selling price, profit percentage, loss percentage, marked price, discounts, successive discounts, and practical word problems. Make sure to review the explanations for questions you find difficult and practice similar problems regularly.
Keep practicing these Profit and Loss MCQs and gradually move from basic questions to more challenging problems. Consistent practice is the key to performing better in SSC, Railway, Banking, Defence, Police, and other competitive examinations.
Maths(Quantitative Aptitude) MCQs
Practice important Topic wise Maths/Quantitative Aptitude Questions with Solutions for competitive exams.