Profit and Loss MCQ Questions and answers-

1. A cycle is bought for Rs.900 and sold for Rs.1080, find the gain percent?
Answer: 20%
Explanation:
900 ---- 180

100 ---- ? => 20%

2. An article is bought for Rs.675 and sold for Rs.900, find the gain percent?
Veiw Answer
Answer: 33 1/3%
Explanation:

675 ---- 225

100 ---- ? => 33 1/3%

3.The cost price of a radio is Rs.1500 and it was sold for Rs.1230, find the loss %?
Veiw Answer
Answer: 18%
Explanation:

1500 ---- 270

100 ---- ? => 18%

4. An article is bought for Rs.600 and sold for Rs.500, find the loss percent?
Veiw Answer
Answer: 16 2/3%
Explanation:
600 ---- 100

100 ---- ? => 16 2/3%

5.A watch was sold at a loss of 10%. If it was sold for Rs.140 more, there would have been a gain of 4%. What is the cost price?
Veiw Answer
Answer: Rs.1000
Explanation:

    90%

   104%

 --------

     14% ---- 140

 100% ---- ? => Rs.1000
 

6. I bought two books; for Rs.480. I sold one at a loss of 15% and other at a gain of 19% and then I found each book was sold at the same price. Find the cost of the book sold at a loss?
Veiw Answer
Answer: Rs.280
Explanation:

x*(85/100) = (480 - x)119/100

x = 280

7.A man buys an article and sells it at a profit of 20%. If he had bought it at 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?
Veiw Answer
Answer: Rs.375
Explanation:

CP1 = 100             SP1 = 120

CP2 = 80                SP2 = 80 * (125/100) = 100

20 ----- 100

75 ----- ? => 375