World of Education Global Organization


Profit and Loss | Multiple Choice Questions (MCQ) Choose Part Part A

Q1 - Mohan buys an old scooter for Rs 5500 and spends Rs 1200 on its repairs. If he sells the scooter for Rs 5200. What will be his loss percent?
A. 22%
B. 20%
C. 25%
D. 18%
Answer - A
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Q2 - Mohan buys an old scooter for Rs 5500 and spends Rs 1200 on its repairs. If he sells the scooter for Rs 7200. What will be his gain percent?
A. 8%
B. 10%
C. 6%
D. 7.5%
Answer - D
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Q3 - A person incurs 8% loss selling a watch for Rs 1650. At what price should the water be sold to earn 10 % profit?
A. Rs. 1750
B. Rs. 1800
C. Rs. 1925
D. Rs. 1900
Answer - B
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Q4 - If a cycle is purchased for Rs 2500 and sold for Rs 2200. Find the loss percent?
A. 12%
B. 10%
C. 15%
D. 8%
Answer - A
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Q5 - A man buys a product for Rs 250 and sells it for Rs 300. Find his gain percent?
A. 10%
B. 20%
C. 15%
D. 5%
Answer - B
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