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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11. A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of:

Check answer and explanation

Answer: 0%

Explanation Formula used: Profit % = SP−CP/CP×100 Profit % = SP−CPCP×100, where SP is the selling price and CP is the cost price. Complete step-by-step solution: We are given that man (the buyer) purchases a cow for Rs. 3000 on a credit basis at a rate of interest 10% per annum for 2 years. 10% of Rs. 3000 is 10/100 ×3000=Rs.300 10100×3000=Rs.300 For 2 years, the interest is 2×300=Rs.600 2×300=Rs.600 Therefore the actual price (cost price) of the cow is 3000+600=Rs.3600 3000+600=Rs.3600 The selling price of the cow is Rs. 3600. Therefore, the profit or gain by selling the cow is ⇒Profit % = 3600−3600/ 3600 ×100 =0% ***** ND1-1-2023

12. If a car is sold for Rs. 50000 the profit is 17 percent, what would be profit percentage if sold for Rs. 47000?

Check answer and explanation

Answer: 9.98%

Explanation CP = 50,000 / 1.17 = 42,735 Profit = 47,000 - 42,735 = 4,265 Profit % = (4,265 / 42,735) × 100 ≈ 9.98% Last verified on 03-04-2026

13. A doll is solid for RS 220 What was the cost of doll if rate of profit was 10% of cost?

Check answer and explanation

Answer: 200

Explanation To find the cost of the doll when it is sold for Rs. 220 with a profit rate of 10%, we can use the following formula: Selling Price = Cost Price + Profit Selling Price = Cost Price + Profit Given that the profit is 10% of the cost price, we can express the profit as: Profit = 0.10 × Cost Price Profit = 0.10 × Cost Price Let the cost price be C C . Therefore, the selling price can be expressed as: Selling Price = C + 0.10 C = 1.10 C Selling Price = C + 0.10 C = 1.10 C We know the selling price is Rs. 220, so we can set up the equation: 1.10 C = 220 1.10 C = 220 Now, we can solve for C C : C = 220 1.10 = 200 C = 220 1.10 = 200 Thus, the cost of the doll was Rs. 200 .

14. A person incurs a loss of 5% by selling a watch for Rs. 1425. The cost price of the watch is _____?

Check answer and explanation

Answer: Rs. 1500

Explanation Let's find the cost price: Selling price = Rs. 1425 Loss = 5% Cost price = 1425 × 100 / 95 = 1425 × 20/19 = 1500 Last verified on 19-03-2026

15. A man borrows ₹12,500 at 20% compound interest per annum. At the end of every year, he pays Rs 2,000 as partial repayment. How much does he still owe after 3 such installments?

Check answer and explanation

Answer: None of these

Explanation Year 1: Start: ₹ 12,500 Interest: 20% of ₹ 12,500 = ₹ 2,500 Amount due = ₹ 12,500 + ₹ 2,500 = ₹ 15,000 After ₹ 2,000 payment: ₹ 15,000 - ₹ 2,000 = ₹ 13,000 Year 2: Start: ₹ 13,000 Interest: 20% of ₹ 13,000 = ₹ 2,600 Amount due = ₹ 13,000 + ₹ 2,600 = ₹ 15,600 After ₹ 2,000 payment: ₹ 15,600 - ₹ 2,000 = ₹ 13,600 Year 3: Start: ₹ 13,600 Interest: 20% of ₹ 13,600 = ₹ 2,720 Amount due = ₹ 13,600 + ₹ 2,720 = ₹ 16,320 After ₹ 2,000 payment: ₹ 16,320 - ₹ 2,000 = ₹ 14,320

16. Rose Company reported net income of $24,000, net sales of $400,000, and average assets of $600,000. Calculate the profit margin ratio.

روز کمپنی نے $24,000 کی خالص آمدنی، $400,000 کی خالص فروخت، اور $600,000 کے اوسط اثاثوں کی اطلاع دی۔

Check answer and explanation

Answer: 6%

Explanation The formula to calculate profit margin ratio is: Net income / Net sales $24,000 / $400,000 = 6% Formula is: Net profit ÷ total revenue × 100

17. Masood purchased a plot for Rs. 8,000. He sells the plot to Aftab at a profit of 20%. Aftab in turn sells that plot to Zahid at a loss of 20%. Does the plot cost Zahid?

مسعود نے ایک پلاٹ روپے میں خریدا۔ 8,000 وہ آفتاب کو 20% منافع پر پلاٹ فروخت کرتا ہے۔ آفتاب بدلے میں وہ پلاٹ زاہد کو 20% کے نقصان پر فروخت کرتا ہے۔ پلاٹ کی قیمت زاہد ہے؟

Check answer and explanation

Answer: 7680

Explanation Masood's SP = 8,000 × 1.2 = 9,600 (Aftab's CP) Aftab's SP = 9,600 × 0.8 = 7,680 (Zahid's CP) Last verified on 03-04-2026

18. If $1000 is deposited in a savings account with a 2% annual interest rate, what will be the total interest after 3 years (simple interest)?

Check answer and explanation

Answer: $60

Explanation Simple Interest formula: SI = (P × R × T) / 100 SI = (1000 × 2 × 3) / 100 = $60 .

19. If your monthly income is 2200 then what will be your yearly income?

اگر آپ کی ماہانہ آمدنی 2200 ہے تو آپ کی سالانہ آمدنی کیا ہوگی؟

Check answer and explanation

Answer: 26400

Explanation Annual income by salary 2200×12 =26400.

20. A man buys a cycle for Rs. 5000 and sells it for Rs. 4500. What is his loss percentage?

Check answer and explanation

Answer: 10%

Explanation Loss = 5000 - 4500 = 500 Loss % = (500 / 5000) × 100 = 10%

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