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Profit Loss Important Past Papers Solved Mcqs

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


 

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