Profit & Loss MCQs 2026

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

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Page 1 of 1 Questions 1–10 of 45

Q1 Past Paper · PPSC/FPSC/NTS easy

If CP = 100 and SP = 120, the profit percent is
1. A 20%
2. B 12%
3. C 24%
4. D 10%
💡 Explanation:
Profit% = (20/100)×100 = 20%.
Q2 easy

If CP = 100 and SP = 120, the profit is
1. A 100
2. B 220
3. C 12
4. D 20
💡 Explanation:
Profit = SP − CP = 120 − 100 = 20.
Q3 Past Paper · PPSC/FPSC/NTS medium

Profit percentage is calculated on the
1. A Selling price
2. B Cost price
3. C Marked price
4. D Discount
💡 Explanation:
Profit and loss percentages are always calculated on the cost price.
Q4 easy

Loss is calculated as
1. A SP − CP
2. B SP + CP
3. C CP − SP
4. D CP × SP
💡 Explanation:
Loss = Cost Price − Selling Price.
Q5 Past Paper · PPSC/FPSC/NTS easy

Profit is calculated as
1. A SP − CP
2. B CP − SP
3. C SP + CP
4. D CP × SP
💡 Explanation:
Profit = Selling Price − Cost Price.
Q6 easy

Loss occurs when
1. A SP is greater than CP
2. B SP equals CP
3. C SP equals MP
4. D CP is greater than SP
💡 Explanation:
A loss occurs when the cost price is greater than the selling price.
Q7 Past Paper · PPSC/FPSC/NTS easy

Profit is earned when
1. A CP is greater than SP
2. B SP is greater than CP
3. C SP equals CP
4. D SP is zero
💡 Explanation:
Profit is earned when the selling price is greater than the cost price.
Q8 Past Paper · PPSC/FPSC/NTS easy

SP stands for
1. A Simple Price
2. B Standard Price
3. C Selling Price
4. D Special Price
💡 Explanation:
SP stands for Selling Price, the price at which an item is sold.
Q9 Past Paper · PPSC/FPSC/NTS easy

CP stands for
1. A Cost Price
2. B Common Price
3. C Current Price
4. D Credit Price
💡 Explanation:
CP stands for Cost Price, the price at which an item is bought.
Q10 medium

If CP = 400 and loss = 25%, then SP is
1. A 400
2. B 500
3. C 300
4. D 350
💡 Explanation:
SP = 400 − 25% of 400 = 400 − 100 = 300.
Q11 Past Paper · PPSC/FPSC/NTS medium

If SP = 120 and profit = 20%, then CP is
1. A 96
2. B 100
3. C 144
4. D 90
💡 Explanation:
CP = SP ÷ 1.20 = 120 ÷ 1.20 = 100.
Q12 Past Paper · PPSC/FPSC/NTS medium

If SP = 90 and loss = 10%, then CP is
1. A 81
2. B 99
3. C 90
4. D 100
💡 Explanation:
CP = SP ÷ 0.90 = 90 ÷ 0.90 = 100.
Q13 Past Paper · PPSC/FPSC/NTS easy

The price printed or displayed on a product is called the
1. A Marked price
2. B Cost price
3. C Selling price
4. D Net price
💡 Explanation:
The marked price (MP) is the price printed or displayed on a product.
Q14 Past Paper · PPSC/FPSC/NTS easy

A reduction given on the marked price is called
1. A Profit
2. B Loss
3. C Discount
4. D Commission
💡 Explanation:
A discount is a reduction on the marked price.
Q15 medium

If MP = 200 and discount = 10%, the SP is
1. A 200
2. B 180
3. C 210
4. D 190
💡 Explanation:
SP = 200 − 10% of 200 = 200 − 20 = 180.
Q16 medium

If MP = 500 and discount = 20%, the SP is
1. A 500
2. B 100
3. C 480
4. D 400
💡 Explanation:
SP = 500 − 20% of 500 = 500 − 100 = 400.
Q17 Past Paper · PPSC/FPSC/NTS medium

If CP = 250 and SP = 300, the profit percent is
1. A 20%
2. B 25%
3. C 30%
4. D 15%
💡 Explanation:
Profit = 50; Profit% = (50/250)×100 = 20%.
Q18 medium

If CP = 1000 and SP = 1100, the profit percent is
1. A 20%
2. B 11%
3. C 10%
4. D 5%
💡 Explanation:
Profit = 100; Profit% = (100/1000)×100 = 10%.
Q19 medium

If CP = 120 and SP = 90, the loss percent is
1. A 30%
2. B 25%
3. C 20%
4. D 10%
💡 Explanation:
Loss = 30; Loss% = (30/120)×100 = 25%.
Q20 Past Paper · PPSC/FPSC/NTS medium

A shopkeeper buys an item for 400 and sells it for 500. His profit percent is
1. A 100%
2. B 20%
3. C 15%
4. D 25%
💡 Explanation:
Profit = 100; Profit% = (100/400)×100 = 25%.
Q21 easy

If SP equals CP, then there is
1. A No profit and no loss
2. B A profit
3. C A loss
4. D A discount
💡 Explanation:
When SP = CP there is neither profit nor loss.
Q22 medium

If CP = 600 and profit = 20%, then SP is
1. A 620
2. B 700
3. C 720
4. D 660
💡 Explanation:
SP = 600 + 20% of 600 = 600 + 120 = 720.
Q23 easy

An article bought for 250 and sold for 200 gives a loss of
1. A 25
2. B 50
3. C 20
4. D 40
💡 Explanation:
Loss = CP − SP = 250 − 200 = 50.
Q24 Past Paper · PPSC/FPSC/NTS hard

If an item is sold at a 10% profit for 275, the CP is
1. A 275
2. B 300
3. C 247.5
4. D 250
💡 Explanation:
CP = 275 ÷ 1.10 = 250.
Q25 easy

A discount is always calculated on the
1. A Marked price
2. B Cost price
3. C Selling price
4. D Profit
💡 Explanation:
A discount is always calculated on the marked price.
Q26 medium

If CP = 200 and profit = 10%, then SP is
1. A 220
2. B 210
3. C 190
4. D 240
💡 Explanation:
SP = 200 + 10% of 200 = 200 + 20 = 220.
Q27 medium

If CP = 150 and SP = 180, the profit percent is
1. A 10%
2. B 15%
3. C 20%
4. D 30%
💡 Explanation:
Profit = 30; Profit% = (30/150)×100 = 20%.
Q28 Past Paper · PPSC/FPSC/NTS medium

Profit or loss is always calculated with respect to the
1. A Selling price
2. B Cost price
3. C Marked price
4. D Discount
💡 Explanation:
Profit or loss is always measured with respect to the cost price.
Q29 medium

If a book costs 200 and is sold at 25% profit, the SP is
1. A 225
2. B 275
3. C 240
4. D 250
💡 Explanation:
SP = 200 + 25% of 200 = 200 + 50 = 250.
Q30 easy

If CP = 300 and SP = 240, there is a loss of
1. A 60
2. B 40
3. C 50
4. D 30
💡 Explanation:
Loss = CP − SP = 300 − 240 = 60.
Q31 hard

If the profit is 40 and the profit percent is 20%, the CP is
1. A 40
2. B 80
3. C 200
4. D 100
💡 Explanation:
CP = Profit ÷ (Profit%/100) = 40 ÷ 0.20 = 200.
Q32 medium

A trader sells goods at a 15% loss. If CP = 100, the SP is
1. A 115
2. B 85
3. C 90
4. D 15
💡 Explanation:
SP = 100 − 15% of 100 = 100 − 15 = 85.
Q33 medium

The difference between the marked price and the selling price is the
1. A Profit
2. B Cost
3. C Loss
4. D Discount
💡 Explanation:
Discount = Marked Price − Selling Price.
Q34 medium

An item bought at 500 and sold at 550 gives a profit percent of
1. A 5%
2. B 15%
3. C 10%
4. D 20%
💡 Explanation:
Profit = 50; Profit% = (50/500)×100 = 10%.
Q35 easy

If SP = 240 and CP = 200, the profit is
1. A 40
2. B 240
3. C 20
4. D 44
💡 Explanation:
Profit = SP − CP = 240 − 200 = 40.
Q36 Past Paper · PPSC/FPSC/NTS medium

Buying at 800 and selling at 1000 gives a profit percent of
1. A 20%
2. B 15%
3. C 10%
4. D 25%
💡 Explanation:
Profit = 200; Profit% = (200/800)×100 = 25%.
Q37 easy

If CP = 100 and the item is sold at 50% profit, the SP is
1. A 50
2. B 150
3. C 125
4. D 200
💡 Explanation:
SP = 100 + 50% of 100 = 100 + 50 = 150.
Q38 medium

If CP = 1000 and loss = 5%, the SP is
1. A 1050
2. B 995
3. C 900
4. D 950
💡 Explanation:
SP = 1000 − 5% of 1000 = 1000 − 50 = 950.
Q39 Past Paper · PPSC/FPSC/NTS medium

If CP = 100 and profit = 25%, then SP is
1. A 100
2. B 75
3. C 105
4. D 125
💡 Explanation:
SP = CP + 25% of CP = 100 + 25 = 125.
Q40 medium

If CP = 50 and SP = 60, the profit percent is
1. A 10%
2. B 20%
3. C 25%
4. D 15%
💡 Explanation:
Profit = 10; Profit% = (10/50)×100 = 20%.
Q41 medium

If CP = 80 and SP = 100, the profit percent is
1. A 20%
2. B 80%
3. C 25%
4. D 30%
💡 Explanation:
Profit = 20; Profit% = (20/80)×100 = 25%.
Q42 Past Paper · PPSC/FPSC/NTS medium

If CP = 500 and SP = 400, the loss percent is
1. A 20%
2. B 25%
3. C 10%
4. D 100%
💡 Explanation:
Loss% = (100/500)×100 = 20%.
Q43 easy

If CP = 500 and SP = 400, the loss is
1. A 400
2. B 500
3. C 20
4. D 100
💡 Explanation:
Loss = CP − SP = 500 − 400 = 100.
Q44 Past Paper · PPSC/FPSC/NTS medium

If CP = 200 and SP = 250, the profit percent is
1. A 20%
2. B 25%
3. C 50%
4. D 10%
💡 Explanation:
Profit% = (50/200)×100 = 25%.
Q45 easy

If CP = 200 and SP = 250, the profit is
1. A 250
2. B 200
3. C 50
4. D 25
💡 Explanation:
Profit = 250 − 200 = 50.

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Profit & Loss MCQs 2026

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