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Profit and Loss MCQs for Competitive Exams

Prepare for Profit and Loss MCQs for Competitive Exams with verified questions, past-paper solutions, and conceptual explanations for CSS, PMS, FPSC, PPSC, and NTS examinations.

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Topic Notes: Profit and Loss

These notes summarize the key preparation context before you attempt the MCQs. Review the topic focus, then practice the questions below with answers and explanations.

Quick Overview

Master Profit and Loss MCQs for Competitive Exams with our comprehensive, verified question bank. Designed for students and competitive exam aspirants across Pakistan, this study resource provides topic-wise practice questions for CSS, PMS, FPSC, PPSC, SPSC, KPPSC, BPSC, NTS, and university entry tests.

Exam Focus
Aligned with FPSC, PPSC, and CSS syllabus criteria for Profit and Loss.
Past Papers
Includes frequently repeated questions from past examinations.
Solved & Verified
Each question features verified answers and conceptual explanations.

Preparation Guide & Key Focus Areas for Profit and Loss MCQs

When preparing for Profit and Loss MCQs (Mathematics-General Ability), focus on core definitions, historical timelines, relevant provisions, and commonly tested factual points. Review each question below, test your knowledge against the given options, and inspect the detailed explanation to solidify your understanding.

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251
A shopkeeper professes to sell his goods at cost price but uses a weight of 800 gm instead of 1 kg. Thus, he makes a profit of:
252
A man buys 10 articles for Rs. 8 and sells them at 8 for Rs. 10. Find his gain percent.
253
A loss of 19% gets converted into a profit of 17% when the selling price is increased by Rs. 162. The cost price of the article is:
254
A shopkeeper bought 80 kg of sugar at Rs. 13.50 per kg and mixed it with 120 kg sugar at Rs. 16 per kg. If he is to make a profit of 16%, what should be the selling price per kg?
255
A tradesman marks his goods at such a price that after allowing a discount of 15%, he makes a profit of 20%. What is the marked price of an article whose cost price is Rs. 170?
256
If selling price is doubled, the profit triples. Find the profit percent.
257
A man sold two steel chairs for Rs. 500 each. On one, he gains 20% and on the other, he loses 12%. How much does he gain or lose in the whole transaction?
258
A fruit seller buys lemons at 2 for a rupee and sells them at 5 for three rupees. His gain percent is:
259
By selling an article for Rs. 100, a man gains Rs. 15. Then, his gain percent is:
260
A merchant buys an article for Rs. 27 and sells it at a profit of 10% of the selling price. The selling price of the article is: