# MCQs:Profit and Loss :Mathematics MCQS

# Profit and Loss

**1. A trader marks up his goods by 25%. If the cost price of an item is $200, what is the selling price?**

a) $225

b) $250

c) $275

d) $300

**Answer: b) $250**

**2. A man sold a watch for $550, which is 10% more than the cost price. What is the cost price of the watch?**

a) $500

b) $550

c) $600

d) $650

**Answer: a) $500**

**3. A person bought a smartphone for $800 and sold it for $1000. What is the percentage profit made?**

a) 20%

b) 25%

c) 30%

d) 35%

**Answer: a) 20%**

**4. If the cost price of an item is $100 and it is sold at a profit of 20%, what is the selling price?**

a) $100

b) $120

c) $140

d) $160

**Answer: b) $120**

**5. If a person sells a bicycle for $400 and incurs a loss of 20%, what is the cost price of the bicycle?**

a) $480

b) $400

c) $320

d) $240

**Answer: a) $480**

**6. A person sold a television set for $1200 and incurred a loss of 20%. What is the cost price of the television set?**

a) $800

b) $960

c) $1200

d) $1500

**Answer: b) $960**

**7. A trader bought a set of chairs for $1000 and sold it for $1200. What is the percentage profit made?**

a) 10%

b) 15%

c) 20%

d) 25%

**Answer: c) 20%**

**8. If the cost price of an item is $80 and it is sold at a loss of 25%, what is the selling price?**

a) $60

b) $70

c) $75

d) $80

**Answer: a) $60**

**9. If a person buys a mobile phone for $500 and sells it for $400, what is the percentage loss made?**

a) 20%

b) 25%

c) 30%

d) 35%

**Answer: b) 25%**

**10. A trader marks up his goods by 20%. If the cost price of an item is $150, what is the selling price?**

a) $150

b) $180

c) $200

d) $220

**Answer: b) $180**

**11. If the cost price of an item is $50 and it is sold at a profit of 10%, what is the selling price?**

a) $50

b) $55

c) $60

d) $65

**Answer: b) $55**

**12. If a person sells a bike for $600 and incurs a loss of 25%, what is the cost price of the bike?**

a) $800

b) $600

c) $480

d) $450

**Answer: d) $450**

**13. A person sold a fridge for $800 and incurred a loss of 10%. What is the cost price of the fridge?**

a) $720

b) $800

c) $880

d) $1000

**Answer: c) $880**

**14. If the cost price of an item is $120 and it is sold at a loss of 15%, what is the selling price?**

a) $102

b) $105

c) $110

d) $115

**Answer: c) $110**

**15. If a person buys a laptop for $1000 and sells it for $1200, what is the percentage profit made?**

a) 10%

b) 15%

c) 20%

d) 25%

**Answer: c) 20%**

**16. A trader marks up his goods by 30%. If the cost price of an item is $250, what is the selling price?**

a) $275

b) $300

c) $325

d) $350

**Answer: c) $325**

**17. If the cost price of an item is $70 and it is sold at a profit of 15%, what is the selling price?**

a) $70

b) $80.50

c) $85

d) $90.50

**Answer: b) $80.50**

**18. If a person sells a television for $900 and incurs a loss of 12.5%, what is the cost price of the television?**

a) $800

b) $1000

c) $1025

d) $1125

**Answer: c) $1025**

**19. A person bought a laptop for $1200 and sold it for $1000. What is the percentage loss made?**

a) 10%

b) 15%

c) 20%

d) 25%

**Answer: d) 16.67% (rounded to the nearest hundredth)**