## Profit and Loss MCQs

The answers of questions marked with * are subject to change with time

Last Updated: 25 Jul 2021

**A cupboard was bought for Rs. 2,000 and sold for Rs. 2,500. Calculate the percentage profit.**

A. 14%**B. 25%**

C. 30%

D. 50%

**Asst Anti-Corruption-20**

**The cash difference between the selling prices of an article of a profit of 4% and 6% is Rs. 3. The ratio of two selling prices is:**

A. 51:52**B. 52:53**

C. 53:54

D. 54:55

**Zilladar-20**

**A farmer bought toffees at 6 for a rupee. How many for a rupee he sell to gain 20%?**

A. 3**B. 5**

C. 4

D. 6

**Zilladar-20**

**If you purchased a TV in Rs. 5000 and sell it in Rs. 4000. What percent of loss you have?**

A. 10%**B. 20%**

C. 25%

D. 15%

**Crop Reporter-18**

**Ali bought a shirt for Rs. 400 and sold it for Rs. 500. How much profit did he make?**

A. 10%

B. 19%**C. 25%**

D. 40%

**Asst Livestock-20**

**A man bought calculators for Rs. 120 each. He sold each calculator for Rs. 150. How much percentage profit did he made?**

A. 12%**B. 25%**

C. 30%

D. 18%

**Asst Livestock-20**

**A table listed at Rs. 160 is marked 20% off. What is the sale price?**

A. Rs. 125**B. Rs. 128**

C. Rs. 120

D. Rs. 130

**Asst Punjab Workers Welfare Board LHRD-19**

**On selling a chair at 7% loss and a table at 17% gain, a man gains Rs. 296. If he sells the chair at 7% gain and the table at 12% gain, then he gains Rs. 400. The actual price of the table is:**

A. Rs. 2,100

B. Rs. 1,900**C. Rs. 2,400**

D. Rs. 2,200

**Lecturer (Physics) PHED-20**

**When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%.**

A. Rs. 21,000

B. Rs. 22,500**C. Rs. 25,300**

D. Rs. 25,800

**Land Record Officer PBR-16**

**Abdul purchased 20 dozen of toys at the rate of Rs. 375 per dozen. He sold each toy for Rs. 33. What was his percentage profit?**

A. 3.5%

B. 4.5%**C. 5.6%**

D. 6.5%

**Caretaker PPSC-19**

**Maria bought a laptop at 20% discount on its original price. She sold it with a 40% increase on the price she bought. Her percentage of profit on the original price is:**

A. 20%**B. 12%**

C. 28%

D. 30%

**Junior Clerk Punjab Police-18/ESE (G)-19 (M)**

**By selling a fan for Rs. 475, a person loses 5%. To get a gain of 5%, he should sell the fan for:**

A. Rs. 500**B. Rs. 525**

C. Rs. 535

D. Rs. 575

**Asst S&GAD-15**

**A toy is sold for Rs. 220. What was the cost, if the rate of profit was 10% of the cost?**

A. Rs. 198**B. Rs. 200**

C. Rs. 210

D. Rs. 240

**Labour Officer-17/Asst Punjab Workers Welfare Board LHRD-19**

**A man bought a flat for Rs. 820,000. He borrowed 55% of this money from a bank. How much money did he borrow from the bank?**

A. Rs. 452,000**B. Rs. 451,000**

C. Rs. 453,000

D. Rs. 454,000

**AD Forensic Science-18**

**If a person purchased a bicycle in Rs. 500 and sold it for Rs. 800. What is the percentage of profit?**

A. 20%

B. 30%

C. 40%**D. 60%**

**AD Forensic Science-18**

**A shopkeeper raises the price of a cycle by 5 percent above the market price and charges 12 percent sales tax on the market price. As a result a customer has to pay Rs. 4,680 for the cycle. What is the market price of the cycle?**

A. 4,200**B. 4,000**

C. 3,950

D. 4,500

**Zilladar-20**

**If a shopkeeper earns 30% profit on a thing. If its cost price rises by 25%. How much profit he will take?**

A. 25%

B. 57%**C. 05%**

D. 47%

**PSO POPC S&GAD-20 (CB)**

**A shopkeeper bought an article for Rs. 470 and sold it for Rs. 540. Find the percentage profit.**

A. 19%**B. 14.89%**

C. 23.66%

D. 29%

**Asst PESSI LHRD-21**

Profit percentage (%) = Profit / Cost Price x 100

Profit = Sale Price – Cost Price = 540 – 470 = Rs. 70

Profit percentage (%) = 70 / 470 x 100 = 14.89%

**A man bought a shirt for Rs. 250 and sold it for Rs. 295. Find the percentage profit.**

A. 21%

B. 15%**C. 18%**

D. 25%

**Manager Auqaf-21**

Profit percentage (%) = Profit / Cost Price x 100

Profit = Sale Price – Cost Price = 295 – 250 = Rs. 45

Profit percentage (%) = 45 / 250 x 100 = 18%

**Ali purchased a product for Rs. 350. He sold that product for Rs. 392. How much % profit did he make?**

A. 10

B. 11**C. 12**

D. 13

**Labour Officer-17/ESE (G)-19 (N)**

**Sohail sold his old car for Rs. 45,000. He had earlier bought it for Rs. 80,000. What is his percentage loss?**

A. 44.5%

B. 39.3%

C. 48.4%**D. 43.7%**

**Tax Inspector-16**

**A man has Rs. 10,000 to invest. He invests Rs. 4,000 at 5% and Rs. 3,500 at 4%. In order to have a yearly income of Rs. 500, he must invest the remaining Rs. 2,500 at what rate of interest?**

A. 6%

B. 6.2%**C. 6.4%**

D. 6.3%

**Asst Punjab Employees Social Security LHRD-19/Labour Inspector-20**

**A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years after interest. What is the rate of interest?**

A. 3%

B. 5%**C. 6%**

D. 7%

**Caretaker PPSC-19**

**A man borrowed Rs. 1,200 with an interest rate of 5% for a period of 3 years. What would be total amount that he has to pay back?***

A. Rs. 1,220**B. Rs. 1,380**

C. Rs. 1,400

D. Rs. 2,200

**Asst PESSI LHRD-21**

Money borrowed = Rs. 1,200

Time = 3 years

Rate of Interest = 5%

Interest = P x R x T / 100

= 1,200 x 5 x 3 / 100

= Rs. 180

Total Amount = Interest + Money borrowed

= 180 + 1,200

= Rs. 1,380.

**Mr. Akram borrowed Rs. 500 from bank for a period of 4 years. If the interest rate is 11% per annum, what would be the amount of interest he has to pay back in addition to the principal amount?**

A. Rs. 190**B. Rs. 220**

C. Rs. 200

D. Rs. 210

**Tax Inspector-18 (Fsd)**

**The price of a car including 6% sales tax is Rs. 154,431.40. What is the market price of the car without tax?**

**A. 145,690**

B. 150,000

C. 145,500

D. 145,000

**Tax Inspector-18 (Fsd)**

**A bookseller sold a book for Rs. 40.00 to make a profit of 15% percent. In order to earn a profit of 20%, he should have sold it for:**

A. 43.75**B. 41.74**

C. 42.25

D. 40.60

**Punjab Treasury Deputy Acct-19 (M)**

**Rahim bought a shirt for Rs. 350 and sold it for Rs. 300. How much loss did he get?**

A. Rs. 40**B. Rs. 50**

C. Rs. 20

D. Rs. 80

**Lecturer (English) PHED-20**