**Profit & Loss Questions Answers – Quantitative MCQ Questions Answers**

**1) A cloth merchant claim to sell his material at cost price but uses a scale which reads 1 m for 95 cm. find his gain percentage.**

a) 5.26%

b)6.2%

c) 6.5%

d) 7.5%

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – a)[/su_spoiler]

**2) A trade man marks his goods at 20% above the CP and gives a discount % of 10% for cash payments. What profit percentage does he make?**

a) 8%

b) 6%

c) 10%

d) 12%

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – a)[/su_spoiler]

**3) A dishonest seller uses a weight of 800 g in place of 1 kg and adds 20% impurities in sugar. What would be his profit percentage, if he claims to sell the goods at the cost price?**

a) 50%

b) 40%

c) 25%

d) 45.5%

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – a)[/su_spoiler]

**4) On selling tea at Rs 40 per kilogram a loss of 10% is incurred. Calculate the amount of tea (in kg) sold,if the total loss incurred is Rs 80.**

a) 12 kg

b) 15 kg

c) 18 kg

d) 20 kg

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – c)[/su_spoiler]

**5) A dealer makes a profit of 20% by selling an article. What would be the percentage change in the profit percent, if he had paid 20% less for it and the customer paid 10% more for it?**

a) 225%

b) 125%

c) 160%

d) 200%

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – c)[/su_spoiler]

**6) Mukul bought 80 kg of rice for Rs 1200 and sold it at a loss of as much money as he received for 20 kg rice. At what price per kg did he sell the rice?**

a) Rs 12 per kg

b) Rs 10 per kg

c) Rs 8 per kg

d) Rs 11 per kg

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – a)[/su_spoiler]

**7) A book was sold for a certain sum and there was a loss of 20%. Had it been sold for Rs 12 more, there would have been a gain of 30%. What would be the profit , if the book were sold for Rs 4.80 more than what it was sold for?**

a) no profit, no loss

b) 20%

c) 5%

d) 3.5%

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – a)[/su_spoiler]

**8) The cost price of an article is 40% of the selling price. The percent that the selling price is of cost price is**

a) 250%

b) 240%

c) 60%

d) 40%

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – a)[/su_spoiler]

**9) A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 80%. The rate of discount is**

a) 4%

b) 6%

c) 10%

d) 12%

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – c)[/su_spoiler]

**10) Profit earned by selling an article for Rs 1060 is 20% more than the loss incurred by selling the article for Rs 950. At what price should the article be sold to earn 20% profit ?**

a) Rs 1000

b) Rs 1150

c) Rs 1250

d) Rs 1200

[su_spoiler title=”View Answer” style=”fancy” icon=”arrow-circle-1″]Option – d)[/su_spoiler]