Profit, Loss, and Discount MCQs with Answers

A computer has a 50% markup on its cost price, and after giving a 30% discount on the marked price, the final selling price is Rs. 3,200. What is the cost price of the computer?

• A.Rs. 3,047.62
• B.Rs. 3,200
• C.Rs. 4,571.43
• D.Rs. 2,240

Aslam bought a bicycle for Rs. 10,000 and sold it for Rs. 11,000. What is his profit percentage?

• A.$5\%$
• B.$15\%$
• C.$10\%$
• D.$20\%$

Ali purchased a motorcycle for Rs. 52,900. He paid a 5% tax on it. Ali sold that motorcycle for Rs. 53,500 and charged 7% tax on it. Find the value added tax (VAT) on it.

• A.Rs. 1,300
• B.Rs. 1,200
• C.Rs. 1,000
• D.Rs. 1,100

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 Rs. 2500, what was the selling price after discount?

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

A man sold his car for Rs. 540,000 at a loss of 20%. At what price should he sell it to gain 7.5%?

• A.Rs. 725,625
• B.Rs. 708,750
• C.Rs. 742,500
• D.Rs. 697,500

A reduction in the actual price of an object is called?

• A.Commission
• B.Rebate
• C.Discount
• D.Markup

Naeem sold a computer for Rs. $25000$ at which he suffered a $20\%$ loss. Find the purchase price of the computer.

• A.Rs. $30000$
• B.Rs. $31250$
• C.Rs. $32000$
• D.Rs. $20000$

If the selling price after a 15% discount is Rs. 48, what was the original price?

• A.Rs. 56.47
• B.Rs. 55.20
• C.Rs. 63.00
• D.Rs. 58.82

The ratio of cost price to selling price is $4 : 5$. The profit percent is:

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

A person bought one kilogram of apples for Rs. 60 and sold it for Rs. 90. The percentage of profit on the cost price he earned is:

• A.$30\%$
• B.$50\%$
• C.$33\frac{1}{3}\%$
• D.$25\%$