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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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281
If books bought at prices ranging from Rs. 200 to Rs. 350 are sold at prices ranging from Rs. 300 to Rs. 425, what is the greatest possible profit that might be made in selling eight books?
282
A vendor bought bananas at 6 for Rs. 10 and sold them at 4 for Rs. 8. Find his profit or loss percent.
283
A chair is bought for Rs. 1500 and sold for Rs. 1800. Find the profit or loss percent.
284
A tradesman marks his goods at 25% above the cost price and allows purchasers a discount of 12.5%. What profit percent does he make?
285
What is the single equivalent discount for two successive discounts of 20% and 10%?
286
A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 900 grams instead of 1 kg. Find his profit percentage.
287
By selling an article for Rs. 240, a man incurs a loss of 20%. At what price should he sell it to make a profit of 20%?
288
An item is sold at a profit of 10%. If it had been sold for Rs. 60 more, the profit would have been 15%. Find the cost price of the item.
289
A person sold two phones for Rs. 5000 each. On one, he gained 20% and on the other, he lost 20%. What is his overall profit or loss percentage?
290
A shopkeeper marks his goods 20% above the cost price and allows a discount of 10%. Find his net profit percentage.