# Business Mathematics MCQ on Profit and Loss

## Business Mathematics MCQ on Profit and Loss

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

(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

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

(a) 20%

(b)30%

(c) 25%

(d) 50%

6. Trade discount is calculated on :

(a) Marked Price

(b) Cost Price

(c) Selling  Price

(d) None of These

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

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

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

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%

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%

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%

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

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

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

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

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

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%