Profit & Loss MCQs 2026

45 questions with detailed answers · 18 from past papers · 5 quiz batches available

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Page 1 of 1Questions 1–10 of 45

Q1medium
If MP = 500 and discount = 20%, the SP is
1. A500
2. B100
3. C480
4. D400
💡 Explanation:
SP = 500 − 20% of 500 = 500 − 100 = 400.
Q2medium
If MP = 200 and discount = 10%, the SP is
1. A200
2. B180
3. C210
4. D190
💡 Explanation:
SP = 200 − 10% of 200 = 200 − 20 = 180.
Q3Past Paper · PPSC/FPSC/NTSeasy
A reduction given on the marked price is called
1. AProfit
2. BLoss
3. CDiscount
4. DCommission
💡 Explanation:
A discount is a reduction on the marked price.
Q4Past Paper · PPSC/FPSC/NTSeasy
The price printed or displayed on a product is called the
1. AMarked price
2. BCost price
3. CSelling price
4. DNet price
💡 Explanation:
The marked price (MP) is the price printed or displayed on a product.
Q5Past Paper · PPSC/FPSC/NTSmedium
If SP = 90 and loss = 10%, then CP is
1. A81
2. B99
3. C90
4. D100
💡 Explanation:
CP = SP ÷ 0.90 = 90 ÷ 0.90 = 100.
Q6Past Paper · PPSC/FPSC/NTSmedium
If SP = 120 and profit = 20%, then CP is
1. A96
2. B100
3. C144
4. D90
💡 Explanation:
CP = SP ÷ 1.20 = 120 ÷ 1.20 = 100.
Q7medium
If CP = 400 and loss = 25%, then SP is
1. A400
2. B500
3. C300
4. D350
💡 Explanation:
SP = 400 − 25% of 400 = 400 − 100 = 300.
Q8medium
If CP = 200 and profit = 10%, then SP is
1. A220
2. B210
3. C190
4. D240
💡 Explanation:
SP = 200 + 10% of 200 = 200 + 20 = 220.
Q9Past Paper · PPSC/FPSC/NTSmedium
If CP = 100 and profit = 25%, then SP is
1. A100
2. B75
3. C105
4. D125
💡 Explanation:
SP = CP + 25% of CP = 100 + 25 = 125.
Q10medium
If CP = 50 and SP = 60, the profit percent is
1. A10%
2. B20%
3. C25%
4. D15%
💡 Explanation:
Profit = 10; Profit% = (10/50)×100 = 20%.
Q11medium
If CP = 80 and SP = 100, the profit percent is
1. A20%
2. B80%
3. C25%
4. D30%
💡 Explanation:
Profit = 20; Profit% = (20/80)×100 = 25%.
Q12Past Paper · PPSC/FPSC/NTSmedium
If CP = 500 and SP = 400, the loss percent is
1. A20%
2. B25%
3. C10%
4. D100%
💡 Explanation:
Loss% = (100/500)×100 = 20%.
Q13medium
If CP = 120 and SP = 90, the loss percent is
1. A30%
2. B25%
3. C20%
4. D10%
💡 Explanation:
Loss = 30; Loss% = (30/120)×100 = 25%.
Q14Past Paper · PPSC/FPSC/NTSmedium
A shopkeeper buys an item for 400 and sells it for 500. His profit percent is
1. A100%
2. B20%
3. C15%
4. D25%
💡 Explanation:
Profit = 100; Profit% = (100/400)×100 = 25%.
Q15easy
If SP equals CP, then there is
1. ANo profit and no loss
2. BA profit
3. CA loss
4. DA discount
💡 Explanation:
When SP = CP there is neither profit nor loss.
Q16Past Paper · PPSC/FPSC/NTSmedium
If CP = 200 and SP = 250, the profit percent is
1. A20%
2. B25%
3. C50%
4. D10%
💡 Explanation:
Profit% = (50/200)×100 = 25%.
Q17easy
An article bought for 250 and sold for 200 gives a loss of
1. A25
2. B50
3. C20
4. D40
💡 Explanation:
Loss = CP − SP = 250 − 200 = 50.
Q18Past Paper · PPSC/FPSC/NTShard
If an item is sold at a 10% profit for 275, the CP is
1. A275
2. B300
3. C247.5
4. D250
💡 Explanation:
CP = 275 ÷ 1.10 = 250.
Q19easy
A discount is always calculated on the
1. AMarked price
2. BCost price
3. CSelling price
4. DProfit
💡 Explanation:
A discount is always calculated on the marked price.
Q20medium
If CP = 150 and SP = 180, the profit percent is
1. A10%
2. B15%
3. C20%
4. D30%
💡 Explanation:
Profit = 30; Profit% = (30/150)×100 = 20%.
Q21Past Paper · PPSC/FPSC/NTSmedium
Profit or loss is always calculated with respect to the
1. ASelling price
2. BCost price
3. CMarked price
4. DDiscount
💡 Explanation:
Profit or loss is always measured with respect to the cost price.
Q22medium
If CP = 1000 and SP = 1100, the profit percent is
1. A20%
2. B11%
3. C10%
4. D5%
💡 Explanation:
Profit = 100; Profit% = (100/1000)×100 = 10%.
Q23Past Paper · PPSC/FPSC/NTSeasy
If CP = 100 and SP = 120, the profit percent is
1. A20%
2. B12%
3. C24%
4. D10%
💡 Explanation:
Profit% = (20/100)×100 = 20%.
Q24easy
If CP = 200 and SP = 250, the profit is
1. A250
2. B200
3. C50
4. D25
💡 Explanation:
Profit = 250 − 200 = 50.
Q25easy
If CP = 100 and SP = 120, the profit is
1. A100
2. B220
3. C12
4. D20
💡 Explanation:
Profit = SP − CP = 120 − 100 = 20.
Q26Past Paper · PPSC/FPSC/NTSmedium
Profit percentage is calculated on the
1. ASelling price
2. BCost price
3. CMarked price
4. DDiscount
💡 Explanation:
Profit and loss percentages are always calculated on the cost price.
Q27easy
Loss is calculated as
1. ASP − CP
2. BSP + CP
3. CCP − SP
4. DCP × SP
💡 Explanation:
Loss = Cost Price − Selling Price.
Q28Past Paper · PPSC/FPSC/NTSeasy
Profit is calculated as
1. ASP − CP
2. BCP − SP
3. CSP + CP
4. DCP × SP
💡 Explanation:
Profit = Selling Price − Cost Price.
Q29easy
Loss occurs when
1. ASP is greater than CP
2. BSP equals CP
3. CSP equals MP
4. DCP is greater than SP
💡 Explanation:
A loss occurs when the cost price is greater than the selling price.
Q30Past Paper · PPSC/FPSC/NTSeasy
Profit is earned when
1. ACP is greater than SP
2. BSP is greater than CP
3. CSP equals CP
4. DSP is zero
💡 Explanation:
Profit is earned when the selling price is greater than the cost price.
Q31Past Paper · PPSC/FPSC/NTSeasy
SP stands for
1. ASimple Price
2. BStandard Price
3. CSelling Price
4. DSpecial Price
💡 Explanation:
SP stands for Selling Price, the price at which an item is sold.
Q32easy
If CP = 500 and SP = 400, the loss is
1. A400
2. B500
3. C20
4. D100
💡 Explanation:
Loss = CP − SP = 500 − 400 = 100.
Q33Past Paper · PPSC/FPSC/NTSeasy
CP stands for
1. ACost Price
2. BCommon Price
3. CCurrent Price
4. DCredit Price
💡 Explanation:
CP stands for Cost Price, the price at which an item is bought.
Q34medium
If CP = 600 and profit = 20%, then SP is
1. A620
2. B700
3. C720
4. D660
💡 Explanation:
SP = 600 + 20% of 600 = 600 + 120 = 720.
Q35Past Paper · PPSC/FPSC/NTSmedium
If CP = 250 and SP = 300, the profit percent is
1. A20%
2. B25%
3. C30%
4. D15%
💡 Explanation:
Profit = 50; Profit% = (50/250)×100 = 20%.
Q36medium
A trader sells goods at a 15% loss. If CP = 100, the SP is
1. A115
2. B85
3. C90
4. D15
💡 Explanation:
SP = 100 − 15% of 100 = 100 − 15 = 85.
Q37medium
If CP = 1000 and loss = 5%, the SP is
1. A1050
2. B995
3. C900
4. D950
💡 Explanation:
SP = 1000 − 5% of 1000 = 1000 − 50 = 950.
Q38Past Paper · PPSC/FPSC/NTSmedium
Buying at 800 and selling at 1000 gives a profit percent of
1. A20%
2. B15%
3. C10%
4. D25%
💡 Explanation:
Profit = 200; Profit% = (200/800)×100 = 25%.
Q39easy
If CP = 100 and the item is sold at 50% profit, the SP is
1. A50
2. B150
3. C125
4. D200
💡 Explanation:
SP = 100 + 50% of 100 = 100 + 50 = 150.
Q40easy
If SP = 240 and CP = 200, the profit is
1. A40
2. B240
3. C20
4. D44
💡 Explanation:
Profit = SP − CP = 240 − 200 = 40.
Q41medium
An item bought at 500 and sold at 550 gives a profit percent of
1. A5%
2. B15%
3. C10%
4. D20%
💡 Explanation:
Profit = 50; Profit% = (50/500)×100 = 10%.
Q42medium
The difference between the marked price and the selling price is the
1. AProfit
2. BCost
3. CLoss
4. DDiscount
💡 Explanation:
Discount = Marked Price − Selling Price.
Q43medium
If a book costs 200 and is sold at 25% profit, the SP is
1. A225
2. B275
3. C240
4. D250
💡 Explanation:
SP = 200 + 25% of 200 = 200 + 50 = 250.
Q44easy
If CP = 300 and SP = 240, there is a loss of
1. A60
2. B40
3. C50
4. D30
💡 Explanation:
Loss = CP − SP = 300 − 240 = 60.
Q45hard
If the profit is 40 and the profit percent is 20%, the CP is
1. A40
2. B80
3. C200
4. D100
💡 Explanation:
CP = Profit ÷ (Profit%/100) = 40 ÷ 0.20 = 200.

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Profit & Loss MCQs 2026

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