Profit, Loss, and Discount MCQs with Answers

Past Paper MCQ

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of another variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percentage is:

• A.$5\%$
• B.$8\%$
• C.$10\%$
• D.No profit, no loss

Past Paper MCQ

A person buys a shirt for $470$ and sells it for $540$. Find the approximate profit percentage.

• A.$12\%$
• B.$15\%$
• C.$18\%$
• D.$10\%$

Past Paper MCQ

A person bought an item for Rs. 2500 and sold it at a 15% discount on the marked price. If the marked price is the same as the cost price, what was the selling price after the discount?

• A.Rs. 2375
• B.Rs. 2250
• C.Rs. 2125
• D.Rs. 2000

Past Paper MCQ

At the break-even point:

• A.Total expenses = Total revenue
• B.Total expenses > Total revenue
• C.Total expenses < Total revenue
• D.Total revenue = Zero

Past Paper MCQ

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

• A.Rs. 190
• B.Rs. 200
• C.Rs. 210
• D.Rs. 198

Past Paper MCQ

A person by selling an article for Rs. 180 loses 10%. In order to make a profit of 10%, at what price must he sell the article?

• A.Rs. 200
• B.Rs. 210
• C.Rs. 220
• D.Rs. 230

Past Paper MCQ

On a certain item, the price is decreased from $0.62$ to $0.42$. What is the actual percentage of discount?

• A.$47.6\%$
• B.$20\%$
• C.$32\%$
• D.$67.7\%$

Past Paper MCQ

The price of a bicycle is Rs. 6480 inclusive of 8% GST. What is the original price of the bicycle?

• A.Rs. 5984
• B.Rs. 5960
• C.Rs. 6000
• D.Rs. 6020

Past Paper MCQ

Malti bought a TV for ₹ 8,800 including GST at 10%. What is the original cost of the TV?

• A.₹ 7,920
• B.₹ 8,000
• C.₹ 8,080
• D.₹ 9,680

Past Paper MCQ

What is the discount percentage if the original price is $1500$ and the selling price is $1200$?

• A.$15\%$
• B.$20\%$
• C.$25\%$
• D.$30\%$