Profit & Loss Quiz
Practice quiz on Profit & Loss (Mathematics). 5 real exam questions.
About This Quiz
Profit & Loss Quiz — Questions with Solutions
All 5 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.A man bought a shirt for ₹480 and sold it for ₹540. Find his profit percent.
- A.10%
- B.12.5%
- C.8%
- D.15%
Show answer
Answer: B. 12.5%
Profit = 60 ⇒ profit% = 60 / 480 × 100 = 12.5%.
Q2.Increase 20%, then discount 20%. Net effect?
- A.4% loss
- B.0%
- C.4% gain
- D.2% loss
Show answer
Answer: A. 4% loss
Loss=4%.
Q3.Three partners share profit in the ratio 2:3:5. If profit is ₹80,000, what is the largest share?
- A.₹16,000
- B.₹24,000
- C.₹32,000
- D.₹40,000
Show answer
Answer: D. ₹40,000
Largest share = (5/10)×80,000 = ₹40,000.
Q4.A sells a shirt for ₹840 at a profit of 20%. What is the cost price?
- A.₹600
- B.₹650
- C.₹700
- D.₹750
Show answer
Answer: C. ₹700
SP = CP × 1.20 → CP = 840/1.2 = 700
Q5.If CP = ₹800 and loss = 10%, SP = ?
- A.₹700
- B.₹720
- C.₹760
- D.₹800
Show answer
Answer: B. ₹720
SP = 800 − 10% of 800 = 720
Frequently Asked Questions
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How long does it take to complete Profit & Loss Quiz?
Profit & Loss Quiz runs on a 1-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.
Are detailed solutions provided?
Yes. Every question on Profit & Loss Quiz ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.
Can I attempt Profit & Loss Quiz multiple times?
Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.
Which government exams does this quiz prepare me for?
Profit & Loss questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.