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.

31. P. Q and R have Rs.6000 among themselves. R has two-thirds of the total amount with P and Q. Find the amount with R?

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Answer: 2400

Explanation Let the amount with R be Rs.r r = 2/3 (total amount with P and Q) r = 2/3(6000 – r) => 3r = 12000 – 2r => 5r = 12000 => r = 2400.

32. Anwar sells a bicycle for Rs.49755 and earns a profit of 7%. Find the cost price of the bicycle?

Check answer and explanation

Answer: Rs.46500

Explanation Given: Selling Price (SP) = Rs. 49755 Profit Percentage = 7% Let Cost Price (CP) be x. SP = CP + Profit 49755 = x + 7% of x 49755 = x + 0.07x 49755 = 1.07x x = 49755/1.07 x = 46500

33. Aslam, Khalid and Salman started a business in the partnership. Share of profit is in the ratio of 2:3:4. If Khalid's share of the profit is Rs.600. What is Aslam's share?

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Answer: Rs. 400

Explanation Let's denote the shares of Aslam, Khalid, and Salman as 2x, 3x, and 4x respectively. Given Khalid's share = 3x = 600 x = 600 / 3 = 200 Aslam's share = 2x = 2 * 200 = 400

34. A man buys an article for Rs. 27 50 and sells it for Rs. 28.60. Find his gain percent?

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Answer: 5

Explanation Cost Price (CP) = Rs. 27.50 Selling Price (SP) = Rs. 28.60 Gain = SP - CP = 28.60 - 27.50 = Rs. 1.10 Gain % = (Gain / CP) × 100 = (1.10 / 27.50) × 100 = 4%

35. Roshan bought a Television for Rs. 80,000. He wants to sell it at a 15% profit. The selling price is?

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Answer: Rs. 92,000

Explanation CP = 80,000 Profit % = 15% Profit = 15% of 80,000 = 0.15 × 80,000 = 12,000 SP = CP + Profit = 80,000 + 12,000 = 92,000

36. Three persons invested Rs.9000 in a joint business. The second person invested Rs.1000 more than the first and the third Rs.1000 more than second. After two years, they gained Rs.5400. How much third person will get?

Check answer and explanation

Answer: Rs. 2400

Explanation Let the first person's investment be x. Then, the second person's investment is x + 1000, and the third person's investment is (x + 1000) + 1000 = x + 2000. We know that the total investment is Rs. 9000, so we can set up the equation: x + (x + 1000) + (x + 2000) = 9000. Combine like terms: 3x + 3000 = 9000. Subtract 3000 from both sides: 3x = 6000. Divide by 3: x = 2000. So, the first person invested Rs. 2000, the second person invested Rs. 3000 (2000 + 1000), and the third person invested Rs. 4000 (3000 + 1000). The profit share of each person is in the ratio of their investments. Let's find the total profit share of the third person: (4000 / 9000) x 5400 = 2400 .

37. The cost price of a pen is Rs. 300, and it is sold for Rs. 390. What is the percentage of profit?

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Answer: 30%

Explanation Profit = Selling Price - Cost Price = 390 - 300 = 90 Profit % = (Profit / Cost Price) × 100 = (90 / 300) × 100 = 30%

38. If the selling price of 40 articles is equal to the cost price of 50 articles, the loss or gain percentage is

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Answer: 20% gain

Explanation ND06-08-2023

39. If a shirt originally costs Rs.400 and is on sale for 25% off, what is the sale price?

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Answer: Rs.300

Explanation Original price = Rs. 400 Discount = 25% of Rs. 400 = (25/100) × 400 = Rs. 100 Sale price = Original price - Discount = 400 - 100 = Rs. 300

40. The excess of an expenditure flow over the income flow is term as _______

آمدنی کے بہاؤ پر اخراجات کے بہاؤ کی زیادتی کوکیا کہا جاتا ہے۔

Check answer and explanation

Answer: Deficit

Explanation The excess of an expenditure flow over the income flow is term as Deficit. آمدنی کے بہاؤ پر اخراجات کے بہاؤ کی زیادتی کو خسارہ کہا جاتا ہے۔

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