Profit and Loss Quiz

Profit and Loss Quiz skills aren’t just for exams, they’re surprisingly practical. Take the story of how Nintendo priced the Game Boy in 1989. The company made a bold decision to keep its cost low, focusing on mass adoption rather than high profit margins. It worked, the Game Boy became a household name. That’s the kind of real-world application behind the concepts you’ll revisit here. With well-structured profit and loss MCQs and scenarios, this set is designed to make learning painless. You’ll go through a mix of profit and loss questions with answers that improve your confidence with selling price and cost price problems. If you enjoy learning through real examples, this profit and loss quiz with solutions for students is a good place to start.

Profit and Loss

A loss of 25% is incurred on an item bought for $ 800. Find the selling price.

$ 600

$ 650

$ 1,000

$ 1,200

A person bought a clock for ₹1,800 and sold it at ₹1,980. What is the profit %?

9.10%

10%

12%

11%

A shopkeeper sells an item at a 10% loss. If he had sold it for $27 more, he would have gained 5%. What is the cost price of the pen?

$ 200

$ 240

$ 180

$ 160

A man sells two watches at $500 each. On one he gains 20% and on the other he loses 20%. What is the overall profit or loss?

8% gain

4% gain

4% loss

A trader marks his goods 40% above cost price and allows a discount of 10%. What is his actual profit percentage?

26%

30%

36%

40%

If the cost price of 15 articles is equal to the selling price of 12 articles, what is the profit percentage?

20%

25%

30%

40%

A man buys an article at 80% of its marked price and sells it for 95% of its marked price. His gain percentage is?

20%

15%

18.75%

16.50%

A man sells an article for $24 and gains as much percent as its cost price. What is the cost price?

$ 22

$ 36

$ 18

$ 20

An article is sold at a loss of 10%. If it were sold for $ 20 more, there would have been a gain of 10%. What is the cost price?

$ 200

$ 240

$ 180

$ 150

By selling an article for $480, a shopkeeper loses 20%. For how much should he sell it to gain 20%?

$ 600

$ 720

$ 576

$ 840

Your score is

The average score is 40%

Sample Questions from This Quiz

A loss of 25% is incurred on an item bought for $ 800. Find the selling price.
A trader marks his goods 40% above cost price and allows a discount of 10%. What is his actual profit percentage?
A man buys an article at 80% of its marked price and sells it for 95% of its marked price. His gain percentage is?
A man sells an article for $24 and gains as much percent as its cost price. What is the cost price?
By selling an article for $480, a shopkeeper loses 20%. For how much should he sell it to gain 20%?

Try the full quiz and see how many of these you can answer!