profit and loss

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Profit & Loss — 100 MCQs (Standard Level)

1. Profit equals:




2. Loss equals:




3. Profit percent is calculated on:




4. If profit = SP − CP, then profit% =




5. If CP = SP, then profit% is:




6. If a trader sells at SP less than CP, that situation is called:




7. Discount is given on:




8. Marked price (MP) is:




9. If a commodity is sold at 10% profit, SP =




10. If profit% is p, then SP in terms of CP is:




11. If profit is 20 on CP 80, profit% =




12. If CP = 50 and SP = 40, loss% =





13. If profit% = 10 and CP = 200, profit amount =




14. If SP = 220 and CP = 200, profit% =




15. If an article marked at ₹500 is sold at 10% discount, SP =




16. A shopkeeper buys at CP = 80 and wants 25% profit; he should set SP =




17. If profit% is 20, loss% on selling at cost price decreased by 20%? (Trick question: if profit exists, loss=0)




18. If CP = ₹150 and article sold at SP = ₹120, loss% =




19. Gain% and loss% are always calculated on:




20. If profit% = 50% on CP, SP is:




21. CP = ₹100, SP = ₹120. Profit% =




22. CP = ₹200, SP = ₹180. Loss% =




23. CP = ₹75, SP = ₹90. Profit% =




24. If profit% = 25 on CP ₹80, profit amount =




25. CP = ₹120, SP = ₹150. Profit% =




26. If an article is sold at 10% loss and SP = ₹270, CP =




27. A shopkeeper marks MP = ₹500, gives 20% discount; SP =




28. If CP = ₹80, profit% = 25, SP =




29. CP = ₹60, SP = ₹54. Loss% =




30. If a trader gains 16⅔% (i.e., 1/6) on CP, SP =




31. Simple: CP = ₹50, SP = ₹75 → profit%




32. CP=120, gain 25%, SP =




33. If a merchant sells for ₹432 at 10% profit, CP =





34. If an item is marked ₹400 and sold at 25% discount, SP =





35. If CP = 80 and SP = 64, loss% =




36. A trader bought 10 items at ₹50 each and sold at ₹60 each. Total profit =




37. If discount is 20% and MP=₹250, discount amount =




38. If SP = CP + 15 and CP = 100, profit% =




39. If CP = ₹250, 20% profit on CP means SP =





40. If an article is sold at 5% profit and SP = ₹315, CP =




41. A shopkeeper allows 2 successive discounts of 10% and 5% on MP = ₹1000. Net SP =




42. If CP = ₹400 and loss% = 25%, SP =




43. If discount = 30% on MP, effective price = 70% of MP. If MP = 600, SP =




44. CP = ₹250, SP = ₹200 then loss amount is




45. A shopkeeper marks goods 25% above CP. If CP = 200, MP =




46. If SP = ₹360 and loss% = 10%, CP =




47. If an article is sold at 20% profit on CP ₹125, SP =




48. A retailer gets an item at CP ₹800, marks MP = ₹1000 and allows 20% discount. SP =




49. If CP = ₹45 and SP = ₹54, profit% =




50. A merchant sells at 10% profit. If CP=₹900, SP=




51. If two items cost ₹60 and ₹90 respectively and sold for ₹90 and ₹120, overall profit% =





52. If CP = ₹80, and SP = ₹96, profit% =




53. Factor: If product of (1 + p) and (1 − q) = 1 and p and q are small, which relationship approximates break-even?



54. If a trader allows 2 successive discounts of 10% on MP, net discount% ≈




55. If MP = ₹1200, discounts 20% then 10%, final SP =




56. If CP = ₹250 and desired profit% = 20, required SP =




57. If cost = 80 and markup on cost is 25%, marked price =




58. If cost is 200, markup 20% and discount 10% on MP, net SP =




59. If an item is sold at 30% profit and SP = 260, CP =




60. If an item is marked at 20% above CP and sold at 10% discount on MP, effective gain% on CP =




61. A merchant mixes tea of ₹60/kg and ₹90/kg in equal quantities and sells at ₹80/kg. Cost per kg of mixture =




62. If two articles cost ₹x and ₹2x and sold at 20% profit and 10% loss respectively, net result is:





63. A trader sells 3 items at the same SP. He gains 20% on first, 10% on second and loses 5% on third. Overall result likely:




64. If a shopkeeper labels at 30% above CP and gives 10% discount on MP, net% profit is




65. If profit% = 50%, profit on CP 100 is




66. A shopkeeper mixes ₹30/kg and ₹50/kg pulses in equal ratio. Cost price per kg =




67. If CP = ₹400 and gain% = 12.5%, SP =




68. If CP = ₹720 and sold at 20% loss, SP =




69. If SP = 3/2 CP, profit% =




70. If shopkeeper gives consecutive discounts of 20% and 10% on MP, equivalent single discount% =




71. If CP increases by 10% and SP increases by 15%, profit% change depends on previous profit but typically:




72. If an item is sold at 33⅓% profit, SP =




73. If profit% = 20 on CP, then profit on SP (%) =




74. If a man sells two articles at same SP; on one he gains 25% and on the other loses 25%. Overall result is




75. If profit% = x% and loss% = x% on two equal-cost articles sold at same SP, overall result:




76. If CP is doubled and SP is doubled, profit%:




77. If an article is sold at 5% loss and SP = ₹570, CP =




78. If profit% on CP is 20, then profit on SP is




79. If an item is sold at 40% profit, SP is what fraction of CP?




80. A store marks 40% above CP but gives 20% discount. Net gain% on CP =




81. A retailer buys 5 identical items at CP each ₹60 and sells 3 at 20% profit and 2 at 10% loss. Overall profit/loss% =





82. If CP = ₹x and SP = ₹(x + 50), profit% = 25 → x =




83. An item bought at 600 and sold at 10% profit, then again sold at 20% profit on that SP, final SP =




84. If an item is sold at gain of 12.5% and CP = ₹160, SP =




85. If cost increases by 20% and SP remains same, the new profit% will:




86. An article is bought for 120 and sold at 10% profit. If seller had sold at 10% more than actual SP, profit% would be




87. If two successive discounts of 10% are offered, final price fraction is




88. If CP is increased by 25% and SP increased by 50%, profit% change depends but SP scaled more; typically




89. If a trader marks goods at 40% above CP and then gives a 30% discount, net change is





90. If two articles each of CP 100 are sold together for 190, overall result is




91. If CP = SP for an item, then profit% =




92. If profit = 10% of CP, profit is what percent of SP?




93. If an item is offered at 15% discount on MP and gives shopkeeper 10% profit on CP, markup on CP ≈




94. If a shopkeeper sells at cost price, discount allowed on MP is




95. If profit% on one item is 25% and on another 25% loss, and both have equal CP, net result is




96. If CP = 120 and SP = 150, profit% =




97. If an item cost 400 and businessman wants 20% profit after allowing 10% discount on MP, MP should be





98. If an article is sold at 20% off MP and the resulting SP gives 5% profit on CP. If CP=200, MP =




99. If two successive profits 10% and 20% occur on same base, net factor =




100. If profit% = p on CP, and same profit% p on SP (profit on profit), overall multiplier ≈




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