Free Profit and Loss MCQs with Answers
1 Profit and Loss MCQs from Mathematics, each with the correct answer and a written explanation of why it is correct. Free and unlimited, with no account needed.
1 question
1. An item bought for Rs. 800 is sold for Rs. 920. What is the profit percentage?
- A. 12%
- B. 15%
- C. 18%
- D. 20%
Explanation: Profit = 920 − 800 = Rs. 120. Profit percentage is always calculated on cost price: (120 ÷ 800) × 100 = 15%. Calculating it on the selling price instead is the most common error in this question type.
Correct answer: 15%