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.

Use these Profit and Loss MCQs Math MCQs to identify the facts, rules or methods you need to revise. Where an explanation is available, work through it and write down why your chosen option was correct or incorrect. Revisit difficult questions after reviewing your notes, then use exam mode for timed practice.

Continue your revision with related topics: 100 Most Repeated MCQs of Math MCQs, Algebra MCQs MCQs, Analogy MCQs MCQs, Average MCQs Math MCQs, Basic Math MCQs, Direction Sense MCQs MCQs, Geometry MCQs MCQs, IQ Past Papers MCQs MCQs.

Return to all Maths topics to choose your next area of study. Read the MCQ study guide to plan your revision, or try a Maths practice quiz.

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.

71. In the total investment of Rs. 1,000,000, A's share is 20%, B's share is 40% of A's share. What is the share of B?

Check answer and explanation

Answer: None

Explanation ND-21-5-2023

72. A person bought one kilogram of apples for Rs. 60 and sold for Rs. 90. The percentage of profit of cost price he earned is?

Check answer and explanation

Answer: 50%

Explanation Cost Price (CP) = Rs. 60 Selling Price (SP) = Rs. 90 Profit = SP - CP = Rs. 90 - Rs. 60 = Rs. 30 Profit percentage = (Profit / CP) * 100 = (30 / 60) * 100 = 50%

73. A man sold his motorcycle for Rs. 24000 and earned 20% profit. what was the original price?

Check answer and explanation

Answer: 20,000

Explanation A man sold two scooters for 24000 each. Find the cost price of one scooter at gain of 20% :- C.P = (S.P × 100)/(100 + gain) = (24000 × 100)/(100 + 20) = 2400000/120 = 20000

74. If 9 eggs cost Rs. 60, what is the price of 3 eggs?

Check answer and explanation

Answer: Rs. 20

Explanation - Cost of 1 egg = 60 ÷ 9 = Rs. 6.67 - Cost of 3 eggs = 6.67 × 3 = Rs. 20

75. Oscar pushed a new hat that was on sale for $5.06. The original price was $9.20. what percentage discount was the sal price?

Check answer and explanation

Answer: 45%

Explanation

76. Roshan bought the bike for Rs. 60,000. He wants to sell it by making 15% profit. The selling price of the bike is _____?

Check answer and explanation

Answer: Rs.69000

Explanation Cost Price = Rs. 60,000 Profit % = 15% Profit = 15% of 60,000 = 0.15 × 60,000 = Rs. 9,000 Selling Price = Cost Price + Profit = 60,000 + 9,000 = Rs. 69,000

77. At the time of the retirement of a partner, the existing partner decided to value of Stock from Rs. 10, 000 to Rs.12,500, Building from Rs.50,000 to Rs.52,500, Sundry creditors from Rs.12,000 to Rs.13,000 and also agreed to take on record unrecorded liability of Rs.2000. What is the profit or loss on revaluation of Assets and liabilities?

Check answer and explanation

Answer: rs. 2000 profit

Explanation It can be solved in a simple way Profit = (12500 - 12000) + (52500-50000) - (13000 - 12000) - 2000 = 2500 + 2500 - 1000 - 2000 = 5000 - 3000 = 2000 profit ND5 -09-2023

78. A fruited seller has 35 mangoes. he sells 12 mangoes to one customer and 8 mangoes to another customer, How many mangoes does he have?

Check answer and explanation

Answer: 15

Explanation The fruit seller initially had 35 mangoes. He sells 12 mangoes to one customer and 8 mangoes to another customer. To find out how many mangoes he has left, we subtract the total number of mangoes sold from the initial number of mangoes. Total mangoes sold: 12 + 8 = 20 Number of mangoes the seller has left: 35 - 20 = 15

79. Chand bought a shirt for Rs.250 and sold it for Rs 295.find the profit

Check answer and explanation

Answer: 45

Explanation Profit = Selling price - Cost price So here, Sp=Rs295 & Cp=Rs250 Profit = 295-250 = Rs 45

80. If Sameer buys a book for 500 RS and sells at a loss of 3% how much RS did he sell the book at? 485

Check answer and explanation

Answer: Rs. 485

Explanation To calculate the selling price after a 3% loss, use the formula: Selling Price = Cost Price × (1 - Loss%) = 500 × (1 - 0.03) = 500 × 0.97 = Rs. 485

Found a mistake? Use “Report correction” in the practice tool or contact us with the question and a supporting source.