Profit and Loss MCQs Math MCQs - Maths Practice | PakExamPoint

Practise Profit and Loss MCQs Math MCQs in Maths. Attempt multiple-choice questions, check answers and revise related subtopics.

Profit and Loss MCQs Math MCQs and revision practice

Study Profit and Loss MCQs Math through multiple-choice questions in Maths. This subtopic contains 156 practice questions. Read the wording carefully, compare the options and attempt an answer before checking the solution in learning mode.

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Profit and Loss MCQs Math: questions and answer review

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1. Akram sold a plot at Rs. 60,000 and the cost of the plot was Rs. 57,000 then the profit he earned?

Check answer and explanation

Answer: 5.26%

Explanation Profit = Selling Price - Cost Price = 60,000 - 57,000 = 3,000 To find the profit percentage, divide the profit by the cost price and multiply by 100: Profit Percentage = (Profit ÷ Cost Price) × 100 = (3,000 ÷ 57,000) × 100 = 5.26%

2. The price of one egg is Rs. 5 and in a tray about 30 eggs can be placed. What will be the price of 7 trays of eggs?

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Answer: 1050

Explanation The price of one egg is Rs. 5 and in a tray about 30 eggs can be placed. the price of 7 trays of eggs will be 1050 RS 30 eggs 30*7=210 eggs 210*5=1050 eggs ND5-07-2023

3. Zubair, Kashif and Aijaz started a business in the partnership. Share of profits is in the ratio of 2:3:4. If Kashif’s share of the profits is Rs. 450, what is Zubair’s share?

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Answer: Rs. 300

Explanation Given the profit-sharing ratio: Zubair : Kashif : Aijaz = 2 : 3 : 4 Kashif's share = Rs. 450 Let's find the value of one part of the ratio: 3 parts = Rs. 450 1 part = Rs. 450 / 3 = Rs. 150 Zubair's share = 2 parts = 2 * Rs. 150 = Rs. 300

4. A person purchased a pen for 30 rupees and sold it at a 40% profit. What is the selling price of the pen?

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Answer: 42

Explanation 40% of 30 = (40/100) × 30 = 12 Selling Price : 30 + 12 = 42 Question updated 03-March-2026

5. A washing machine is sold for Rs 15,912 inclusive of GST. The cost of the washing machine, excluding GST, would be when the rate of GST is 17%?

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Answer: 13600

Explanation Let's say the cost price (CP) of the washing machine is x. Given that the GST rate is 17%, the selling price (SP) would be: SP = x + 0.17x SP = 1.17x Given that SP = Rs 15,912: 1.17x = 15912 x = 15912 / 1.17 x = 13600

6. A person sale a car for 50,000 and gets 17% of the profit, what's the original price of car?

ایک شخص 50,000 میں کار بیچتا ہے اور اسے 17% منافع ملتا ہے، گاڑی کی اصل قیمت کیا ہے؟

Check answer and explanation

Answer: 41,500

Explanation Short Solution 42,735 + 17% of 42,735 = 50,000 Detailed Solutions Let the CP = x Sale price = 50,000 profit = 17% Profit% = (Profit / CP) × 100 17 = ((50000 - x) / x ) × 100 x = Rs. 42735.04 Original price= 42,735

7. Jawad’s weekly salary is Rs. 70 less than Pasha’s which is Rs. 50 more than Maria’s. If Maris earns Rs. 280 per week. Jawad earns salary per week ____?

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Answer: Rs. 260

Explanation Maria's salary = Rs. 280 Pasha's salary = 280 + 50 = Rs. 330 Jawad's salary = 330 - 70 = Rs. 260 Last verified on 07-02-2026

8. If the price of an item is increased by 20% and the new price is $60, what was the original price?

اگر کسی چیز کی قیمت میں 20% اضافہ ہو اور نئی قیمت $60 ہو تو اصل قیمت کیا تھی؟

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Answer: $50

Explanation To find the original price before the 20% increase, follow these steps: 1. Let the original price be P. The price is increased by 20% , so the new price is 120% of the original price. New Price=1.20×Original Price 2. Set up the equation using the given new price of $60 : 1.20×P=60 3. Solve for 𝑃 = 60/ 1.20 = 50 So, the original price was $50.

9. Total cost of 5 markers and 1 penell is Rs.245 and total cost of 3 markers and 3 pencils is Rs. 327. What is the cost of one marker?

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Answer: Rs. 34

Explanation

10. A person sold a stove for Rs. 470 and incurred a loss of 6%. The price would it be sold so as to earn a profit of 8% _____?

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Answer: Rs. 540

Explanation Selling price = Rs. 470 Loss = 6% Cost price = 470 / (1 - 0.06) = 470 / 0.94 = 500 Profit = 8% New selling price = 500 × (1 + 0.08) = 500 × 1.08 = 540 Last verified on 10-03-2026

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