Mathematics MCQs

Profit and Loss Questions with solutions MCQs

1. The owner sold an item at a loss of 20%. If cost was raised by 100, he would get 5% profit. Find original cost.

A

100

B

200

C

300

D

400

Profit and Loss Data Entry Operator 2023
Correct Answer : D
Explanation :

By solving equations, cost price=400.

Correct Answered :

Wrong Answered :

2. By selling a car for Rs. 64,000, Mr. Rao lost 20%. Then the cost price of the car is:

A

80,000

B

72,000

C

1,08,000

D

96,000

Profit and Loss Junior Assistant 2024
Correct Answer : A
Explanation :

SP=64000=80% of CP ? CP=80000.

Correct Answered :

Wrong Answered :

3. By selling an article for Rs. 960 a man incurs a loss of 4%; what was the cost price?

A

498

B

1920

C

1000

D

1440

Profit and Loss Junior Assistant 2024
Correct Answer : C
Explanation :

SP=960=96% of CP ? CP=1000.

Correct Answered :

Wrong Answered :

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