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 20%, what is the cost price?

a. $35

b. $37.50

c. $40

d. $42.50

Answer: c. $40

7. A computer was sold for $900, resulting in a loss of 10%. What was the cost price?

a. $950

b. $1,000

c. $1,050

d. $1,100

Answer: d. $1,100

8. If the cost price of an item is $120 and it is sold at a profit of 15%, what is the selling price?

a. $138

b. $142

c. $150

d. $156

Answer: a. $138

9. A trader marks his goods 20% above the cost price and allows a discount of 10%. What is the profit percentage?

a. 8%

b. 10%

c. 12%

d. 15%

Answer: b. 10

10. If an article is sold at a profit of 18%, and the selling price is $180, what was the cost price?

a. $140

b. $150

c. $160

d. $170

Answer: c. $160