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Profit and Loss MCQs with Answers for FPSC, PPSC, NTS and all One Paper Exams

Profit and loss MCQs test cost price, selling price, discount and successive change. Papers prefer percentage shortcuts over long multiplication.

Practice Profit and Loss in the app All Mathematics MCQs by topic

Profit and Loss MCQs with answers

10 questions on this page, with a one-liner under each answer. Hide answers to attempt; questions you already answered stay revealed. This is a sample of 30 Profit and Loss MCQs — the full Mathematics bank is in the study app.

Answers and one-liners are hidden. Tap an option to check that question, or show all. Questions from previously asked papers carry a Past Paper MCQ badge.

1.
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:
Correct Answer: A
One-liner
The profit percentage on selling the mixture is $5\%$.
2.
Past Paper MCQ
A person buys a shirt for $470$ and sells it for $540$. Find the approximate profit percentage.
Correct Answer: B
One-liner
The approximate profit percentage is $15\%$.
3.
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?
Correct Answer: A
One-liner
The selling price after a 15% discount on Rs. 2500 is Rs. 2125.
4.
Past Paper MCQ
At the break-even point:
Correct Answer: A
One-liner
At the break-even point, total expenses = total revenue, meaning there is neither profit nor loss.
5.
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?
Correct Answer: B
One-liner
The cost price is Rs. 200 because selling at Rs. 220 with 10% profit on cost means $1.10 \times \text{CP} = 220$.
6.
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?
Correct Answer: C
One-liner
The required selling price for a 10% profit is Rs. 220.
7.
Past Paper MCQ
On a certain item, the price is decreased from $0.62$ to $0.42$. What is the actual percentage of discount?
Correct Answer: A
One-liner
The percentage discount is $32\%$.
8.
Past Paper MCQ
The price of a bicycle is Rs. 6480 inclusive of 8% GST. What is the original price of the bicycle?
Correct Answer: A
One-liner
Let the original price be $x$, then $x + 8\% \text{ of } x = 6480 \Rightarrow 1.08x = 6480 \Rightarrow x = \frac{6480}{1.08} =$ Rs. 6000.
9.
Past Paper MCQ
Malti bought a TV for ₹ 8,800 including GST at 10%. What is the original cost of the TV?
Correct Answer: B
One-liner
The original cost of the TV before GST is ₹ 8,000.
10.
Past Paper MCQ
What is the discount percentage if the original price is $1500$ and the selling price is $1200$?
Correct Answer: B
One-liner
The discount percentage is $20\%$.

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Profit and Loss MCQs — common questions

Are these Profit and Loss MCQs with answers?

Yes. Each question on this page can be attempted here. The correct option and a one-liner are in the HTML. This is a sample set of 30 Profit and Loss MCQs across 3 pages. The full Mathematics bank is in the study app.

Are Profit and Loss MCQs asked in FPSC, PPSC, NTS and all One Paper Exams?

Yes. Profit and Loss is part of the Mathematics portion of most Pakistani one-paper job tests. Weighting still depends on the advertisement — use the official syllabus for your post.

Are these past paper Profit and Loss MCQs?

Where a question came from a previously asked paper, it carries a Past Paper MCQ badge. The rest are general practice from the same topic. The study app lets you drill past papers on their own.

How should I practise Profit and Loss MCQs?

Hide answers and attempt the samples on this page first. Then open Mathematics in the study app and drill this area until your correction rate rises. Mix a full paper only after the topic is stable.

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