Free Mock Practice

Profit and Loss MCQ for Competitive Exams

Profit and Loss MCQ Questions with Answer and Solution – Free Mock Practice Test in English for Competitive Exams

📚 Subject: Mathematics (Quantitative Aptitude)

📘 Topic: Profit and Loss

🌐 Medium: English

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1. 
What is the cost price of an article which is sold for ₹1,566 with 8% profit?

2. 
A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a weight that actually weighs 46% less than what is written on it. Find his profit percentage.

3. 
A shopkeeper bought an article for ₹520. At what price (in ₹) should he sell the article to make 10% profit?

4. 
A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a weight that actually weighs 26% less than what is written on it. Find his profit percentage.

5. 
If the cost price of a camera is 75% of its selling price, then the profit percent is:

6. 
400 apples were bought at ₹1200 per hundred and were sold at a profit of ₹800. Find the selling price (in ₹) per dozen of apples.

7. 
The selling price of a fan is ₹7,392. If profit percentage is 32%, then what is the cost price (in ₹) of the fan?

8. 
Sachin sold 152 chairs and had a gain equal to the selling price of 52 chairs. What is his profit percentage?

9. 
A dishonest shopkeeper promises to sell his goods at cost price. However, he uses a weight that actually weighs 21% less than what is written on it. Find his profit percentage.

10. 
A shopkeeper bought an article for ₹500. At what price (in ₹) should he sell the article to make 28% profit?

11. 
A retailer buys 12 pairs of shoes for ₹22,400. His overhead expenses are ₹1,600. If he earns ₹28,500 from the sale of these 12 pair of shoes, determine his profit percentage.

12. 
Ketan sold 151 chairs and had a gain equal to the selling price of 51 chairs. What is his profit percentage?

13. 
Atul sold two sacks of rice for ₹19,200 each. On one, he gained 20% and on the other, he lost 20%. Find his gain or loss percentage in the whole transaction.

14. 
A man sells an article at a certain price and suffers a loss of 20%. If he sells the article at ₹100 more, he gets a profit of 30%. Find the cost price of the article (in ₹).

15. 
A trader marks his goods at 20% higher than the cost price. Further, he uses a weighing balance which shows 1200 grams for a kilogram. What is his profit percentage?

16. 
By selling an article for ₹19.5, a dealer makes a profit of 10%. By how much should he increase his selling price (in ₹, rounded off to two decimal place) so as to make a profit of 50%?

17. 
Ramani sells her car to Sarla at a loss of 15%. If Sarla pays ₹1,91,250 for it, then what is the cost price of the car for Ramani?

18. 
By selling an article for ₹20, a dealer makes a profit of 10%. By how much should he increase his selling price (in ₹, rounded off to two decimal place) so as to make a profit of 20%?

19. 
By selling an article for ₹19, a dealer makes a profit of 20%. By how much should he increase his selling price (in ₹, rounded off to two decimal place) so as to make a profit of 40%?

20. 
A shopkeeper makes a 15% profit on a sale. He would have made 18%, if he had sold it for Rs.18 more. The cost price of the article is:

This quiz is ideal for candidates preparing for SSC, Railway, Police, and other competitive exams that include Quantitative Aptitude as a key subject.

🔍 What You’ll Get:

  • ✅ Handpicked questions from previous year papers
  • ✅ Detailed solutions for better understanding
  • ✅ Free and accessible online anytime
  • ✅ Helpful for SSC, UPSSSC, UP Police & similar exams

Prepare for upcoming government exams with our free online mock test on the topic of Profit and Loss. This test includes important multiple-choice questions (MCQs) with answers and detailed solutions, selected from previous year question papers of top exams like:

  • SSC CGL, CHSL, SSC GD
  • UPSSSC Exams
  • UP Police Recruitment and more.

Stay consistent in your practice to master concepts like profit, loss, cost price, selling price, and discount. Boost your confidence and accuracy for the actual exam.

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