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Profit and Loss MCQs for Competitive Exams

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Profit and Loss MCQs for Competitive Exams

Practice with answers, explanations, and exam-focused revision notes.

297 MCQs Page 29

Topic Notes: Profit and Loss

These notes summarize the key preparation context before you attempt the MCQs. Review the topic focus, then practice the questions below with answers and explanations.

Quick Overview

Profit and Loss MCQs in Mathematics-General Ability are useful for candidates who need targeted practice for CSS, PMS, FPSC, PPSC, NTS, entry tests, and other competitive exams in Pakistan. This topic page is designed for quick revision, repeated practice, and exam-focused preparation.

Attempt the questions page by page, check the correct answers, read the explanations where available, and compare your weak areas with past papers and mock test performance. Consistent MCQ practice improves speed, confidence, and retention for objective exam sections.

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281
If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books?
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282
A vendor bought bananas at 6 for Rs. 10 and sold them at 4 for Rs. 8. Find his profit or loss percent.
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283
A chair is bought for Rs. 1500 and sold for Rs. 1800. Find the profit or loss percent.
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284
A tradesman marks his goods at 25% above the cost price and allows purchasers a discount of 12.5%. What profit percent does he make?
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285
What is the single equivalent discount for two successive discounts of 20% and 10%?
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286
A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 900 grams instead of 1 kg. Find his profit percentage.
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287
By selling an article for Rs. 240, a man incurs a loss of 20%. At what price should he sell it to make a profit of 20%?
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288
An item is sold at a profit of 10%. If it had been sold for Rs. 60 more, the profit would have been 15%. Find the cost price of the item.
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289
A person sold two phones for Rs. 5000 each. On one, he gained 20% and on the other, he lost 20%. What is his overall profit or loss percentage?
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290
A shopkeeper marks his goods 20% above the cost price and allows a discount of 10%. Find his net profit percentage.
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