Profit and Loss

Bachelor of Business Administration in Computer Applications (BBA [CA]),

Bachelor of Business Administration (BBA)

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This set of Business Mathematics Multiple Choice Questions & Answers (MCQs) focuses on Profit and Loss

Q1 | Ajay incurred loss of 20% by selling a vase for Rs. 2880. To get a profit of 20% at what priceshould he sell the vase?
  • rs. 4320
  • rs. 5760
  • rs. 1440
  • rs. 3500
Answer: rs. 4320
Q2 | A sold a car to B at a profit of 25%. B incurred loss of 15% while selling the same car to C.A spent Rs. 50000 for this car. At what price did C buy it?
  • rs. 62500
  • rs. 60000
  • rs. 53125
  • rs. 90000
Answer: rs. 53125
Q3 | hat will be selling price, if cost price is Rs. 120 and gain is 35%?
  • rs. 135
  • rs. 85
  • rs. 155
  • rs. 162
Answer: rs. 162
Q4 | A and B enter into a partnership with respective capitals of Rs. 20,000 and Rs. 40,000. At theend of the year, the total profit is Rs. 33,000. If A receives Rs. 15,000 as both his salary andprofit, then what is his salary?
  • rs. 2000
  • rs. 4000
  • rs. 3500
  • rs. 3000
Answer: rs. 4000
Q5 | An article costs Rs. 600. What should be the marked price of an article so that after 10%discount, the trader makes 20% profit?
  • rs. 800
  • rs. 950
  • rs. 1100
  • rs. 1040
Answer: rs. 800
Q6 | A man buys 50 pens at marked price of 46 pens from a whole seller. If he sells these pensgiving a discount of 1% , what is the profit percent?
  • 5.3 %
  • 7.6 %
  • 10.6 %
  • 12 %
Answer: 7.6 %
Q7 | P sells an article to Q at 10 % profit. Q sells it to R at 25 % profit. If R pays Rs. 250 for it,What did P pay for it ?
  • rs. 225
  • rs. 198..50
  • rs. 181.81
  • rs. 162.30
Answer: rs. 181.81
Q8 | Sagar purchased 10 kg of rice at the rate of Rs. 15 per kg and 25 kg of rice at the rate Rs.14 per kg. He mixed the two and sold the mixture. Approximately at what rate per kg should hesell the mixture to make 40 % profit in the transaction?
  • rs. 20.00
  • rs. 19.50
  • rs. 15
  • rs. 17.5
Answer: rs. 20.00
Q9 | A trader has 200 kg of sugar, out of which he sells some with 10% profit and the rest with25% profit. He gains 15% on the whole. Find the quantity of sugar sold at 25% profit?
  • 120 kg
  • 96.5 kg
  • 84 kg
  • 67 kg
Answer: 67 kg
Q10 | Anil purchased 30 kg of wheat at the rate of Rs. 22 per kg and 20 kg of wheat at the rate ofRs. 24 per kg. He mixed the two. Approximately at what rate per kg should he sell the mixture tomake 25% profit?
  • rs. 25
  • rs. 28
  • rs. 30
  • rs. 32.5
Answer: rs. 28
Q11 | At what price should the Karan mark a sewing machine that costs him Rs. 1200/- so that evenafter offering a 20% discount, he makes 25% profit?
  • rs. 2,025/-
  • rs.1,900/-
  • rs. 1,675/-
  • rs. 1,875/-
Answer: rs. 1,875/-
Q12 | Virat buys an old car for Rs. 50000 and spends Rs. 4000 on its repairs. If he sells the scooterfor Rs. 60000, his gain percent is:
  • 3 (4/7)
  • 11 (1/9) %
  • 12 (2/3) %
  • 12%
Answer: 3 (4/7)
Q13 | P, Q, R subscribe Rs. 50,000 for a business. P subscribes Rs. 4000 more than Q and Q Rs.5000 more than R. Out of a total profit of Rs. 25,000, what will be P's share?
  • rs. 8400
  • rs. 10,500
  • rs. 13,600
  • rs. 14,700
Answer: rs. 10,500
Q14 | A trader purchases several articles at the rate of 13 for Rs. 10 and sells them at the rate of 10for Rs. 13. What is his gain/loss?
  • 69 % gain
  • 56.25 % gain
  • 56.25 % loss
  • 25 % loss
Answer: 69 % gain
Q15 | By purchasing an article at 20 % discount on the original price and then selling it at a price of25% above the original price, a trader earns Rs. 200 as the profit. What was the original price ofthe article?
  • rs. 444.44
  • rs. 255.50
  • rs. 100.10
  • rs. 810
Answer: rs. 444.44
Q16 | A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be soldto earn 5 % profit?
  • rs. 1105.26
  • rs. 1251.50
  • rs. 1085.13
  • rs. 1885.13
Answer: rs. 1105.26
Q17 | Find the resultant profit if A sells a cupboard at a profit of 6% to B and B sells the same to Cat a profit of 9%.
  • 15%
  • 16%
  • 14.5%
  • 15.54%
Answer: 15.54%
Q18 | If Harsh sold a match ticket for Rs.340 at a profit of 25%, at what price did he purchased theticket?
  • 280
  • 255
  • 300
  • 272
Answer: 272
Q19 | Eleven bags are bought for Rs.1000 and sold at 10 for Rs.1100. What is the gain or loss inpercentage?
  • 10%
  • 21%
  • 25%
  • 20%
Answer: 21%
Q20 | Vijay sells a cupboard at 14% below cost price. Had he got Rs.2086 more, he would havemade a profit of 14%. What is the cost price of the cupboard?
  • 7450
  • 14900
  • 7400
  • 7500
Answer: 7450
Q21 | If selling price of 12 pens is equal to the cost price of 18 pens, find the profit percent.
  • 40%
  • 33.3%
  • 50%
  • 25%
Answer: 50%
Q22 | Sam borrowed some money from his friend at simple interest of 6% per annum. He returnedhis friend Rs. 15600. After how much time did Sam return the money if he borrowed Rs. 12000?
  • 8 years
  • 2.5 years
  • 5 years
  • 3.5 years
Answer: 5 years
Q23 | Kabir paid Rs. 9600 as interest on a loan he took 5 years ago at 16% rate of simple interest.What was the amount he took as loan?
  • rs. 16400
  • rs. 12000
  • rs. 12500
  • rs. 18000
Answer: rs. 12000
Q24 | Suresh for 2 years invested Rs. 500 in SBI. He also invested Rs. 300 in ICICI for 4 years. Atthe end he received Rs. 220 from both banks as simple interest. What must have been rate ofinterest?
  • 10%
  • 12%
  • 11%
  • 5.5%
Answer: 10%
Q25 | Raman paid Rs. 11400 as interest after 9 years. He had borrowed some money at rate of 6%for first two years, 9% for next three years and 14% for rest of the period. How much money didhe borrow?
  • rs. 10000
  • rs. 15000
  • rs. 12000
  • rs. 12500
Answer: rs. 12000
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