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Profit & Loss Quiz MCQ Practice

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1. CP=Rs800, SP=Rs960. Find the profit%.

  1. A. 18%
  2. B. 20%
  3. C. 16%
  4. D. 24%
Answer: 20%
Explanation: 20% — verified fact for Profit & Loss Quiz.
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2. An article sold for Rs720 at 20% profit. Find the CP.

  1. A. Rs700
  2. B. Rs600
  3. C. Rs576
  4. D. Rs650
Answer: Rs600
Explanation: Rs600 — verified fact for Profit & Loss Quiz.
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3. A man sold two articles at Rs1200 each; one at 20% profit, other at 20% loss. Find the overall gain/loss%.

  1. A. 4% loss
  2. B. 4% profit
  3. C. 8% loss
  4. D. No profit no loss
Answer: 4% loss
Explanation: 4% loss — verified fact for Profit & Loss Quiz.
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4. CP of 12 pens is equal to SP of 10 pens. Find the gain%.

  1. A. 20%
  2. B. 10%
  3. C. 16.67%
  4. D. 25%
Answer: 20%
Explanation: 20% — verified fact for Profit & Loss Quiz.
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