## 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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