General Math MCQs – Profit and Loss (Job Test Preparation in Pakistan)
If a product is bought for Rs 50 and sold for Rs 70, what is the profit?
Profit is calculated as Selling Price - Cost Price.
So, \(70 - 50 = 20\).
A man buys TV for Rs. 250 and sells it for Rs. 300. What is the profit percentage?
Profit percentage is calculated as \(\frac{\text{Profit}}{\text{Cost Price}} \times 100\).
So, \(\frac{300 - 250}{250} \times 100 = 20\%\).
If the cost price is Rs. 480 and the selling price is Rs. 600, what is the profit percentage?
Profit percentage is calculated as \(\frac{\text{Profit}}{\text{Cost Price}} \times 100\).
So, \(\frac{600 - 480}{480} \times 100 = 25\%\).
A man incurs a loss of 20% by selling a watch for Rs. 1600. What is the cost price?
Cost price can be calculated as \(\frac{\text{Selling Price}}{1 - \text{Loss Percentage}}\).
So, \(\frac{1600}{1 - 0.20} = 2000\).
An item is sold at 10% loss. If it was sold for Rs. 2700, what was the cost price?
Cost price can be calculated as \(\frac{\text{Selling Price}}{1 - \text{Loss Percentage}}\).
So, \(\frac{2700}{1 - 0.10} = 3000\).
If an article is sold at a profit of 15%, and the cost price is Rs. 400, what is the selling price?
Selling price is calculated as \(\text{Cost Price} \times (1 + \text{Profit Percentage})\).
So, \(400 \times (1 + 0.15) = 460\).
A loss of 10% on Rs. 600 means a selling price of:
Selling price is calculated as \(\text{Cost Price} \times (1 - \text{Loss Percentage})\).
So, \(600 \times (1 - 0.10) = 540\).
An article is sold at 25% profit. If the cost price is Rs. 240, what is the selling price?
Selling price is calculated as \(\text{Cost Price} \times (1 + \text{Profit Percentage})\).
So, \(240 \times (1 + 0.25) = 300\).
An item is bought for Rs 90 and sold at a 10% profit. What is the selling price?
Selling price is calculated as \(\text{Cost Price} \times (1 + \text{Profit Percentage})\).
So, \(90 \times (1 + 0.10) = 99\).
If profit is 12% and selling price is Rs. 560, find cost price.
Cost price can be calculated as \(\frac{\text{Selling Price}}{1 + \text{Profit Percentage}}\).
So, \(\frac{560}{1 + 0.12} = 500\).
What is the formula to find profit percentage?
The formula to find profit percentage is \(\frac{\text{Profit} \times 100}{\text{Cost Price}}\).
If loss is 20% and cost price is Rs. 1500, what is selling price?
Selling price is calculated as \(\text{Cost Price} \times (1 - \text{Loss Percentage})\).
So, \(1500 \times (1 - 0.20) = 1200\).
A product is sold for Rs. 910 at 30% profit. What is the cost price?
Cost price can be calculated as \(\frac{\text{Selling Price}}{1 + \text{Profit Percentage}}\).
So, \(\frac{910}{1 + 0.30} = 700\)
A man bought a fan for Rs. 1600 and sold it at a loss of 5%. What is the selling price?
Selling price is calculated as \(\text{Cost Price} \times (1 - \text{Loss Percentage})\).
So, \(1600 \times (1 - 0.05) = 1520\).
A man sells a bicycle for Rs. 2730, gaining 30%. Find the cost price.
Cost price can be calculated as \(\frac{\text{Selling Price}}{1 + \text{Profit Percentage}}\).
So, \(\frac{2730}{1 + 0.30} = 2100\).
An article is sold at a profit of Rs. 60 and the profit percent is 20%. Find the cost price.
Cost price can be calculated as \(\frac{\text{Profit}}{\text{Profit Percentage}} \times 100\).
So, \(\frac{60}{0.20} = 300\).
An item is sold at Rs. 1500 with 25% loss. What is cost price?
Cost price can be calculated as \(\frac{\text{Selling Price}}{1 - \text{Loss Percentage}}\).
So, \(\frac{1500}{1 - 0.25} = 2000\).
Selling price of Rs. 850 gives a loss of 15%. Find cost price.
Cost price can be calculated as \(\frac{\text{Selling Price}}{1 - \text{Loss Percentage}}\).
So, \(\frac{850}{1 - 0.15} = 1000\).
If a bicycle is bought for Rs 200 and sold for Rs 180, what is the loss percentage?
Loss percentage is calculated as \(\frac{\text{Loss}}{\text{Cost Price}} \times 100\).
So, \(\frac{200 - 180}{200} \times 100 = 10\%\).
A trader marks goods 50% above cost and allows 20% discount. What is the profit percentage?
Let the cost price be \(C\).
The marked price is \(1.5C\).
After a 20% discount, the selling price is \(0.8 \times 1.5C = 1.2C\), giving a profit of 20%.
A man sells a pen for Rs. 54 and makes 20% profit. Find the cost price.
Cost price can be calculated as \(\frac{\text{Selling Price}}{1 + \text{Profit Percentage}}\).
So, \(\frac{54}{1 + 0.20} = 45\).
What is the loss if cost price is Rs. 700 and loss percent is 12%?
Loss is calculated as \(\text{Cost Price} \times \text{Loss Percentage}\).
So, \(700 \times 0.12 = 84\).
A laptop is sold for Rs 600 at a loss of 20%. What was its cost price?
Cost price can be calculated as \(\frac{\text{Selling Price}}{1 - \text{Loss Percentage}}\).
So, \(\frac{600}{1 - 0.20} = 750\).