Profit, Loss, and Discount MCQs

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

15 Solved Questions • 12 Mins Practice • Updated for 2026 Competitive Exams
MCQS
2026 Solved Edition · Updated October 2026 · Verified Editorial Standards

Welcome to the verified preparation module for Arithmetic & Business Mathematics on McqsMind. This comprehensive set offers solved multiple-choice questions with answers, detailed explanations, and authentic past-paper style questions aligned with the latest syllabus of Arithmetic & Business Mathematics (Mathematics).

100% Verified Answer Keys CSS, PMS, FPSC, PPSC, NTS Ready 2026/2027 Syllabus Guidelines

Direct Definition & Conceptual Scope

AEO Verified

Profit, Loss, and Discount constitutes an essential examination topic within Mathematics, evaluating theoretical principles, historical context, and practical problem-solving applications. On MCQsMind, candidates practice verified past-paper solutions, conceptual breakdowns, and syllabus-aligned questions tailored for CSS, PMS, and competitive screening examinations.

Solved Questions

Practice with answers, explanations, and exam-focused revision notes.

15 MCQs Page 1

High-Yield Exam Revision Cheat Sheet & Mnemonics

Essential exam standard definitions and formulas for rapid 2-minute revision

High-Frequency Articles
  • Art. 6: High Treason
  • Art. 9: Security of Person
  • Art. 19-A: Right to Information
  • Art. 25-A: Free Education (5–16 yrs)
Federalism & Provinces
  • Art. 140-A: Local Government
  • Art. 153: Council of Common Interests
  • Art. 160: National Finance Commission
  • Art. 175-A: Judicial Commission (JCP)
Islamic Provisions
  • Art. 2: Islam as State Religion
  • Art. 2A: Objectives Resolution Substantive
  • Art. 203: Federal Shariat Court (FSC)
  • Art. 228: Council of Islamic Ideology

Topic Notes: Profit, Loss, and Discount

Quick Revision 3 min read 15 key points
Section 1 of 4

1 1. Fundamental Concepts

4 points
  • Definition
    Cost Price (CP): The actual amount spent to purchase or produce an item, including overheads like transportation or labor.
  • Definition
    Selling Price (SP): The final price at which an item is sold to the customer after accounting for profit, loss, or discount.
  • Definition
    Marked Price (MP): The price printed on the tag (list price). Discounts are always calculated on the MP, never the CP.
  • Theory
    Profit/Loss Basis: Profit occurs when SP > CP (Profit = SP - CP). Loss occurs when CP > SP (Loss = CP - SP). Both are calculated as a percentage of CP.
Section 1 / 4
Swipe or tap Prev / Next to revise all sections.

Want adaptive tracking for this topic?

Login to save wrong answers to your Mistake Bank and build your weakness heatmap automatically.

Session Progress 0 / 0 Solved
Reveal answers to start tracking your session progress!
1
By selling 33 meters of cloth, a person gains the selling price of 11 meters. What is the gain percentage?
Moderate · 64% Accuracy
Share
2
A shopkeeper gives a discount of 10% on the marked price and still makes a profit of 20%. If the marked price is Rs. 800, what is the cost price?
Moderate · 64% Accuracy
Share
3
A person sells a watch for Rs. 144 and earns a percentage profit equal to the cost price. What is the cost price of the watch?
Moderate · 64% Accuracy
Share
4
If a discount of 20% on the marked price of an item allows a gain of 12%, what is the ratio of marked price to cost price?
Moderate · 64% Accuracy
Share
5
A man sells an article for Rs. 96 and gets a profit percentage equal to the cost price in rupees. What is the cost price?
Moderate · 64% Accuracy
Share
6
A dealer marks his goods 40% above cost price and allows a discount of 25%. What is his gain percentage?
Moderate · 64% Accuracy
Share
7
If the selling price of an article is doubled, the profit triples. What was the original profit percentage?
Moderate · 64% Accuracy
Share
8
A merchant sells two items for Rs. 1000 each. On one he gains 20% and on the other he loses 20%. What is the net result?
Moderate · 64% Accuracy
Share
9
If a man buys 11 oranges for Rs. 10 and sells 10 oranges for Rs. 11, what is his profit percentage?
Moderate · 64% Accuracy
Share
10
An article is sold for Rs. 720 after allowing a discount of 10%. What is the marked price of the article?
Moderate · 64% Accuracy
Share
Pedagogical Syllabus Blueprint

Profit, Loss, and Discount MCQs: Preparation Strategy & Exam Blueprint

Examination Weightage & Commission Distribution

In Pakistan's premier competitive examinations—including the Federal Public Service Commission (FPSC General Recruitment & CSS MPT), Punjab Public Service Commission (PPSC Lecturer, Tehsildar & PMS Screening), KPPSC, SPSC, and BPSC—questions derived from Profit, Loss, and Discount MCQs consistently constitute a decisive 10% to 25% weightage of the Arithmetic & Business Mathematics paper. Testing agencies frequently evaluate both foundational factual recall and deeper analytical comprehension, requiring aspirants to master key dates, statutory articles, constitutional clauses, and thematic definitions.

High-Yield Conceptual Pillars & Distractor Analysis

Historical trend analysis across past five-year examination cycles demonstrates that examiner traps frequently involve closely matched numerical alternatives, chronologically contiguous treaties, and semantic subtleties in statutory phraseology. When preparing Profit, Loss, and Discount MCQs, candidates must deliberately review the underlying rationale provided for every question rather than merely memorizing raw answer options. Understanding why incorrect distractors fail is the most reliable predictor of achieving top percentiles in computerized and optical mark recognition (OMR) screening tests.

Negative Marking Mitigation & Time Management Protocol

For examinations enforcing negative marking penalties (such as PPSC's 0.25-mark deduction per erroneous response or NTS gatekeeper quotas), an aggressive elimination technique must be deployed. Candidates should systematically rule out improbable options first to elevate probability thresholds from 25% to 50% or 100%. Allocating an average of 45 to 60 seconds per item during mock trials builds the psychological stamina and cognitive precision required to complete 100-question papers within official 90-minute time limits.

Recommended Reference Sources & Statutory Reading

To achieve definitive conceptual mastery in Mathematics, candidates are advised to cross-reference our solved explanations with primary gazettes, statutory texts, and canonical academic textbooks. Verifying controversial questions against authentic official repositories guarantees that prospective civil servants and professional candidates present incontestable answers during both optical paper evaluations and viva voce departmental interviews.