# Business Mathematics MCQ on Profit and Loss

## Business Mathematics MCQ on Profit and Loss

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1. The formula for Profit is :

(a) C.P. – S.P.

(b) M.P. – C.P.

(c) S.P. – C.P.

(d) None of These

Answer (c) S. P. – C.P.

2.   The formula for Loss is :

(a) C.P. – S.P.

(b) M.P. – C.P.

(c) S.P. – C.P.

(d) None of These

Answer – (a) C. P. – S. P.

3. Which of the Following is a discount?

(a) Cash Discount

(b) Trade Discount

(c) Bill Discount

(d) All of These

Answer – (d) All of these

4. Profit percentage is always calculated on:

(a) Marked Price

(b) Selling Price

(c) Cost  Price

(d) None of These

Answer – (c) Cost Price

5. If S.P. is Half of C.P. then Loss percentage is :

(a) 20%

(b)30%

(c) 25%

(d) 50%

Answer – (d) 50%

6. Trade discount is calculated on :

(a) Marked Price

(b) Cost Price

(c) Selling  Price

(d) None of These

Answer – (a) Marked Price

7. Marked price is the sum of Cost price and :

(a) Profit

(b) loss

(c) Margin of Profit

(d) None of These

Answer – (c) Margin of Profit

8. Name of the Price at which an article quoted:

(a) Marked Price

(b) Sale Price

(c) Invoice  Price

(d) None of These

Answer – (a) Marked Price

9. The Marked price of an article which rules in the market at a

Particular time is:

(a) Marked Price

(b) Selling Price

(c) Cost  Price

(d) Market Price

Answer  – (d) Market Price

10. Tender cost is the estimation on :

(a) Materials

(b) Project

(c) Labour

(d) None of These

Answe (b) Project

11. By selling a T.V at 8,100 a dealer makes a loss of 10%,. The cost price of the T.V. is

(a) ₹ 8,500,

(b)₹9,000,

(c)₹9,800,

(d) ₹10,000

Answer (b)₹9,000,

12. If the cost price of a computer is 18,750 and Selling Price is 20,250, the profit percentage is?

(a) 10%

(b) 8%

(c) 12%

(d) 18%

Answer  (b) 8%

13. Geeta made a profit of 25% on Cost Price by selling an article. How much it represents on selling price?

(a) 16. 3%

(b) 25%

(c) 33%

(d) 20%

Answer  (d) 20%

14. If the cost price is 83.33 and the selling price is 100, the gain percentage is,

(a) 20%

(b) 25%

(c) 15%

(d) 13.66%

Answer  (a) 20%

15. If the marked price of a book is 210 and trade discount is 10%, the selling price of the book is,

(a) ₹ 200

(b) ₹195

(c) ₹189

(d)₹ 179

Answer (c) ₹189

16.  If the marked price of a ready made garment is ₹ 1,250 and the trader allows two successive discounts of 8% and the 12%, the selling price of the garments is,

(a)₹ 1,150

(b)  ₹1,050

(c) ₹1,012

(d)  ₹1,000

Answer (c) ₹1,012

17. Ramesh, a vegitable shopkeeper sold tomatto at a loss of 61%. If the cost price of 4 the tomatto is 16 per kg, the selling price of the tomatto per kg is,

(a) 14

(b) 15

(c) 14.50

(d) 15.25

Answer (b) 15

18. An article was sold at a profit of 450 which is 12% of the selling price. The cost price of the article is,

(a) ₹4,500

(b) ₹4,850

(c) ₹4,950

(d) ₹ 5,000

Answer (c) ₹4,950

19. Mr. A sold an article at a profit of 30 which is 15% of the selling price. Then the cost price of the article is,

(a) ₹ 200

(b) ₹ 170

(c) ₹ 180

(d) ₹ 210

Answer (b) ₹ 170

20. If a fruit seller bought 16 oranges for a certain price and sold 12 oranges at the price he had purchased, his gain or loss per cents,

(a) 33. 33-%

(b) 20%

(c) 10%

(d) 23. 3%

Answer  (a) 33. 33-%

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