PROFIT AND LOSS MCQ TEST NIFT NID NATA

 

Basic Questions

Q1. A shopkeeper buys a watch for ₹500 and wants to make a profit of 20%. At what price should he sell it?
a) ₹550
b) ₹600
c) ₹520
d) ₹580


Q2. A man bought a chair for ₹1200 and sold it at a loss of 10%. For how much did he sell it?
a) ₹1000
b) ₹1080
c) ₹1100
d) ₹1150


Q3. A trader marked his goods at 40% above the cost price. He gives a discount of 10% on the marked price. What is his profit percentage?
a) 26%
b) 30%
c) 32%
d) 36%


Q4. If a man buys 12 pens for ₹180 and sells them at ₹20 each, what is his gain percentage?
a) 30%
b) 33 ⅓%
c) 25%
d) 20%


Q5. A shopkeeper sells an article at a profit of 25%. If he had bought it at 20% less price and sold it for ₹20 more, his profit would have been 40%. Find the cost price of the article.
a) ₹100
b) ₹120
c) ₹80
d) ₹150


Q6. An article is sold at 10% profit. If it had been sold for ₹20 more, the profit would have been 15%. Find the cost price of the article.
a) ₹200
b) ₹300
c) ₹400
d) ₹250


Q7. A dishonest dealer sells goods at cost price but uses 900 g in place of 1 kg. What is his gain percent?
a) 9%
b) 10%
c) 11 1/9%
d) 12%


Q8. A man buys two cycles for ₹1500 each. He sells one at a profit of 20% and the other at a loss of 20%. What is his overall gain or loss percentage?
a) 4% gain
b) 4% loss
c) No profit, no loss
d) 2% loss


Q9. A man sold an article at 25% profit. If he had sold it for ₹60 more, his profit percentage would have been 40%. Find the cost price.
a) ₹300
b) ₹360
c) ₹400
d) ₹450


Q10. A person buys an article at 25% discount on the marked price. He then sells it at the marked price. Find his profit percentage.
a) 25%
b) 30%
c) 33 ⅓%
d) 20%


 

 

ADVANCED Questions

Q1. A trader allows two successive discounts of 20% and 10% on the marked price of an article, but still makes a profit of 20%. If the cost price of the article is ₹576, what is the marked price?
a) ₹900
b) ₹800
c) ₹864
d) ₹960


Q2. A dishonest trader claims to sell goods at cost price but uses a weight of 850 g instead of 1 kg. What is his profit percentage?
a) 17.65%
b) 15%
c) 20%
d) 18.75%


Q3. A man bought two articles for ₹900. He sold one at a gain of 20% and the other at a loss of 10%. If his overall gain was ₹30, find the cost price of the article sold at a gain.
a) ₹500
b) ₹400
c) ₹450
d) ₹550


Q4. A shopkeeper marks an article 60% above the cost price and allows a discount of 25% on the marked price. Find the profit percentage.
a) 25%
b) 26%
c) 28%
d) 30%


Q5. A man sold an article at a gain of 20%. If he had bought it at 25% less and sold it for ₹20 less, he would still have gained 20%. What is the cost price of the article?
a) ₹100
b) ₹120
c) ₹80
d) ₹150


Q6. A shopkeeper sells a mixture of sugar at ₹30/kg, made by mixing two kinds of sugar costing ₹25/kg and ₹40/kg. In what ratio are the two kinds mixed to make no profit or loss?
a) 1 : 1
b) 2 : 1
c) 3 : 2
d) 2 : 3


Q7. A person sold two watches for ₹1950 each. On one, he made a gain of 30% and on the other, he suffered a loss of 30%. Find the overall gain or loss percentage.
a) 9% loss
b) 9% gain
c) 12% loss
d) No profit, no loss


Q8. A dealer sells an article at a discount of 25% on the marked price and still makes a profit of 20%. If the cost price is ₹480, find the marked price.
a) ₹750
b) ₹800
c) ₹720
d) ₹840


Q9. A merchant bought 120 kg of rice at ₹30 per kg. He sold ⅓ of it at 20% profit, ½ at 10% profit, and the rest at cost price. What is his overall profit percentage?
a) 12%
b) 11%
c) 10%
d) 9%


Q10. A man buys 3 articles for ₹1200. He sells the first at 20% loss, the second at 25% gain, and the third at 40% gain. If the selling price of all three articles is the same, find the cost price of the third article.
a) ₹300
b) ₹350
c) ₹400
d) ₹450

 


PROFIT AND LOSS MCQ TEST NIFT NID NATA PROFIT AND LOSS MCQ TEST NIFT NID NATA Reviewed by CREATIVE SCIENCES on September 09, 2025 Rating: 5

No comments:

Powered by Blogger.