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

Try each question before opening its answer. Record the concept behind each mistake and revisit it during your next practice session.

21. Malti bought a TV for ₹ 8,800 including GST at 10%. What is the original cost of the TV?

Check answer and explanation

Answer: ₹8,000

Explanation Let the original cost of the TV = C Cost of TV with 10% GST = 110 100 1 0 0 1 1 0 ​ C Given, Cost of TV with 10% GST = ₹ 8,800 ⇒ ⇒ 110 100 1 0 0 1 1 0 ​ C = 8800 ⇒ ⇒ C = 8000 ∴ ∴ The original cost of the TV = ₹ 8,000

22. The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs. 3. The ratio of the two selling prices is.

Check answer and explanation

Answer: 52:53

Explanation Explanation: Let the C.P. of the article be Rs. x. Then, required ratio = 104% of x / 106% of x = 104/106 = 52/53 = 52:53 **** ND10-12-2022

23. Profit % question (10% less buy, 10% more sell)?

Check answer and explanation

Answer: 22.22%

Explanation Assume originally: Bought 100 items for Rs.100 So, Cost Price (CP) per item = Rs.1 Now buys 10% less : 10% less than 100 = 90 items Still spends Rs.100 So new CP per item: CP = 100/90 ​ Now sells 10% more : 10% more than 100 = 110 items Assume selling rate is Rs.1 per item. So total Selling Price: SP = 110 × 1 = 110 Profit: P ro f i t = SP − CP = 110 − 100 = 10 Profit percentage formula: Profit % = Profit/ Cost Price ​ × 100 Substitute values: 10/100 ​ × 100 = 10% That approach looks tempting, but it ignores that buying fewer changes the cost per item. The correct combined effect is: Profit % = ( 110/90 ​ − 1 ) × 100 ( 110/90 ​ − 1 ) × 100 =left(frac{20}{90}right)times100 = ( 20/90 ​ ) × 100 =22.22% = 22.22% Last updated question by NS on 2 MAY 2026

24. A man sold his car for Rs. 540,000 with a 20% loss. At what price should he sell it to gain 7.5%?

Check answer and explanation

Answer: Rs. 725,625

Explanation Let cost price = x Loss of 20% means: 540,000 = x × 0.80 → x = 540,000 ÷ 0.80 = 675,000 To gain 7.5%: New selling price = 675,000 × 1.075 = Rs. 725,625 (But this seems inconsistent with the options — let’s double-check) Correction: 540,000 is after a 20% loss , so: Cost Price = 540,000 ÷ 0.80 = 675,000 Now for 7.5% profit , Selling Price = 675,000 × 1.075 = Rs. 725,625

25. A and B started business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, C joined them with Rs. 20,000. What will be B’s share in the total profit of Rs. 25,000 earned at the end of 2 years from the start of the business?

Check answer and explanation

Answer: Rs.7500

Explanation Investment details: A = Rs. 20,000 for 24 months B = Rs. 15,000 for 24 months C = Rs. 20,000 for 18 months (joined after 6 months) Now calculate capital × time for each: A → 20,000 × 24 = 480,000 B → 15,000 × 24 = 360,000 C → 20,000 × 18 = 360,000 Ratio of their investments: A : B : C = 480,000 : 360,000 : 360,000 Simplify → 4 : 3 : 3 Total parts = 4 + 3 + 3 = 10 Total profit = Rs. 25,000 B’s share = 3/10 × 25,000 = 7,500

26. 24 workers working 7 hours a day produce 4000 units in 30 days. In how many days 30 workers working 8 hours a day will produce 3500 units?

Check answer and explanation

Answer: 21 days

Explanation

27. If Mobeen while selling two goats at the same price makes a profit of 10% on one goat and suffers a loss of 10% on the other, he

Check answer and explanation

Answer: Suffers a loss of 1%

Explanation In this type of problem always loss occurs. Use Formula, % Final Loss = (%loss * %gain)/100 = (10 *10)/100 = 1% loss. Net Graphic Change Method: 100 ==10% profit ==> 110 == 10% loss ==> 99. 100 become 99, so 1% of loss occurs .

28. Akbar borrowed 70,000 from a bank at 7% interest for 3 years. The amount of markup is?

Check answer and explanation

Answer: 14700

Explanation Calculating the Markup (Interest) Interest = Principal × Rate × Time = 70000 × 0.07 × 3 = 70000 × 0.21 = 14700

29. A motorbike is sold for Rs. 60,000 and the profit was 18 %, what would be the percentage profit if the vehicle was sold for Rs. 55,000?

Check answer and explanation

Answer: 8.1 %

Explanation Profit = 8 % Sp of car = Rs 60000 Cp = sp/1 + .profit percentage Cp = 60000/1+ 8 Cp= 50000/9 = Rs 5555.56 Now he wants to sell at Rs 55, 000 New sp = Rs 55, 000 Profit sp-cp = 55, 000 - 5555.56 = Rs 49444.43 Profit % = profitx100/cp Profit % = 49444.45×100/ 5555.56 = 889.0 % New profit % = 8.1 % ND5-07-2023

30. Minutes buy an old scooters for rs 4700 and spend rs 500 on its repairs. if he sells the scooters for rs 5800 his gain percentage is

Check answer and explanation

Answer: 12%

Explanation

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