Profit and loss related 10 Mcq question for bank,bcs,SBI and othera competitive exams
Profit and loss related 10 Mcq question for bank,bcs,SBI and othera competitive exams Here are 10 multiple-choice questions about profit and loss in mathematics: 1. Shopkeeper bought a shirt for $40 and sold it for $60. What is the profit percentage? a. 20% b. 30% c. 40% d. 50% Answer: D. 50% 2. If the cost price of an item is $80 and it is sold at a loss of 10%, what is the selling price? a. $70 b. $72 c. $75 d. $78 Answer: b. $72 3. A trader sells a watch at a profit of 25%. If the cost price is $200, what is the selling price? a. $225 b. $250 c. $275 d. $300 Answer: c. $275 4. If an article is sold at a loss of 15%, and the selling price is $85, what was the cost price? a. $100 b. $110 c. $115 d. $120 Answer: d. $120 5. A car was bought for $25,000 and sold at a loss of 20%. What was the selling price? a. $18,000 b. $20,000 c. $22,000 d. $24,000 Answer: b. $20,000 6. If the selling price of a book is $45 with a profit of