Profit, Loss, and Discount MCQs with Answers

A person bought a book for Rs. $500$ and sold it for Rs. $700$. Find the profit percentage.

• A.$20\%$
• B.$30\%$
• C.$40\%$
• D.$50\%$

The cost price of an article is 64% of the marked price. Calculate the gain percentage after allowing a discount of 12%.

• A.$35\%$
• B.$42.5\%$
• C.$37.5\%$
• D.$40\%$

At a store, everything is sold at $10\%$ less than the marked price. If the owner buys a product for Rs. $90$, what price should he mark on it if he wants to make a $10\%$ profit on his cost?

• A.Rs. $100$
• B.Rs. $120$
• C.Rs. $110$
• D.Rs. $99$

If the selling price is calculated at a 2% profit, and the cost price is $100$, what is the selling price?

• A.$98$
• B.$100$
• C.$102$
• D.$120$

A person bought one kilogram of oranges for Rs. 80 and sold them for Rs. 60. Find the loss percentage.

• A.$20\%$
• B.$33.33\%$
• C.$25\%$
• D.$30\%$

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

• A.$5.6\%$
• B.$6.4\%$
• C.$4.8\%$
• D.$5.2\%$

If an item is given two successive discounts of $10\%$ and $15\%$, what is the total effective discount?

• A.$25\%$
• B.$23.5\%$
• C.$26.5\%$
• D.$24\%$

The selling price of 42 blankets is equal to the cost price of 28 blankets. Find the gain or loss percentage.

• A.$33.33\%$ profit
• B.$33.33\%$ loss
• C.$66.66\%$ loss
• D.$50\%$ loss

Past Paper MCQ

On a $20\%$ discount sale, an article costs Rs. $596$. What was the original price of the article?

• A.Rs. $700$
• B.Rs. $745$
• C.Rs. $715.20$
• D.Rs. $780$

Calculate the income tax of a person whose salary is Rs. 6000 per month. The income tax rate is 5% and the rebate is Rs. 50000.

• A.Rs. 1100
• B.Rs. 3600
• C.Rs. 3100
• D.None of these