Topic MCQs · Mathematics
46 MCQs on Profit and Loss sit in the GK360 bank, collected from 34 solved papers (2004–2026). Below are the top 45 distinct questions — repeats across papers merged into their strongest version — with the correct answer marked, an explanation where the bank carries one, and the source paper named on every card.
Correct Answer: Rs. 20,000
Cost price = 24,000 ÷ 1.20 = Rs. 20,000.
From: CSS MPT 2026 Practice Set — Sir Adnan 300 One-Liners with Answers (2026) · CSS
Correct Answer: 1200
CP = SP/(1 - Loss%) = 720/0.75 = 960; for 25% gain, SP = 960 × 1.25 = 1200.
From: Junior Clerk Past Paper 2025 Solved (2025) · PPSC
Correct Answer: 10%
Profit = 66000 - 60000 = 6000. Percentage Profit = (6000/60000) x 100 = 10%.
From: PPSC Food Grain Supervisor (BS-09) Food Department Past Paper 2023 Solved (2023) · PPSC
Correct Answer: 20%
Loss = 20000 - 16000 = 4000. Loss Percentage = (Loss / Cost Price) * 100 = (4000 / 20000) * 100 = 20%.
From: PPSC Food Grain Supervisor (BS-09) Past Paper 2023 Solved (2023) · PPSC
Correct Answer: None of these
Profit = 540 - 470 = 70. Profit % = (70/470) * 100 ≈ 14.89%. This is closest to 15%, which is not an option.
From: PPSC Assistant (BS-16) PESSI Solved Past Paper 2022 (2022) · PPSC
Correct Answer: Rs.8000
Let original price be P. P + 10% of P = 8800. Therefore, 1.1P = 8800, giving P = 8000.
From: PPSC Assistant Director Admin (Home Department) Past Paper 2022 Solved (2022) · PPSC
Correct Answer: 4% Loss
Cost = (200*10) + 500 = 2500. Total oranges = 200*12 = 2400. Revenue = 2400*1 = 2400. Loss = 100. Loss % = (100/2500)*100 = 4%.
From: PPSC Assistant Director Processing Agriculture Department Past Paper 2022 Solved (2022) · PPSC
Correct Answer: 18%
Profit = 295 - 250 = 45. Profit % = (45 / 250) * 100 = 18%.
From: PPSC Manager Auqaf (BS-16) Past Paper 2022 Solved (2022) · PPSC
Correct Answer: 1620
Loss is 10% of 1800, which is 180. Final selling price = 1800 - 180 = Rs 1620.
From: PPSC Store Officer (BS-16) Agriculture Department Past Paper 2022 Solved (2022) · PPSC
Correct Answer: 4% loss
Using formula overall loss = (Profit% * Loss%) / 100 = (20 * 20)/100 = 4% loss.
From: PPSC Assistant Sub Inspector (Punjab Police) Past Paper 2021 Solved (2021) · PPSC
Correct Answer: 1200
Cost Price = Selling Price / (1 - Loss%). CP = 900 / (1 - 0.25) = 900 / 0.75 = 1200.
From: PPSC Lecturer Urdu Female (BS-17) Past Paper 2021 Solved (2021) · PPSC
Correct Answer: 16
Using the formula: Profit% = ((CP of given qty - SP of given qty)/SP given qty) * 100. -> 25 = ((20 - X) / X) * 100. Solving this gives X = 16.
From: PPSC Assistant (BS-16) Labour & Human Resource Department Past Paper 2020 (2020) · PPSC
Correct Answer: Rs. 3000
For maximum profit, books are bought at the lowest price (150) and sold at the highest (350). Profit per book = 350 - 150 = 200. Total profit for 15 books = 200 * 15 = 3000.
From: PPSC Assistant Director Investigation Past Paper 2020 Solved (2020) · PPSC
Correct Answer: 200
Since Selling Price = Cost Price * (1 + Profit Margin), 250 = CP * 1.25. Therefore, CP = 250 / 1.25 = 200.
From: PPSC Assistant Livestock & Dairy Development Department Past Paper 2020 Solved (2020) · PPSC
Correct Answer: 10%
Assuming Rs 250 is the Cost Price (as per the question context), Profit % = (25 / 250) * 100 = 10%.
From: PPSC Assistant Livestock & Dairy Development Department Past Paper 2020 Solved (2020) · PPSC
Correct Answer: 5.26%
Profit = 60,000 - 57,000 = 3,000. Profit % = (3,000 / 57,000) * 100 = 5.263%.
From: PPSC Assistant Livestock & Dairy Development Department Past Paper 2020 Solved (2020) · PPSC
Correct Answer: Rs 1380
Selling Price = Marked Price * (1 - Discount). 1311 = MP * 0.95, giving MP = 1380.
From: PPSC Inspector Anti-Corruption Past Paper 2020 Solved (2020) · PPSC
Correct Answer: 5%
Total Cost = (26*20) + (30*36) = 1600. Total Revenue = 56 * 30 = 1680. Profit = 80. Percentage = (80/1600) * 100 = 5%.
From: PPSC Labour Officer (BS-16) Past Paper 2020 Solved (2020) · PPSC
Correct Answer: 8%
Average profit = (1/3 * 10) + (1/3 * 20) + (1/3 * -6) = 10/3 + 20/3 - 6/3 = 24/3 = 8%.
From: PPSC Labour Officer (BS-16) Past Paper 2020 Solved (2020) · PPSC
Correct Answer: 78.66
Selling Price = Cost Price * 1.5. So, 118 = CP * 1.5. CP = 118 / 1.5 = 78.66.
From: PPSC Labour Officer (BS-16) Past Paper 2020 Solved (2020) · PPSC
Correct Answer: 4%
Profit = Selling Price - Cost Price = 28.60 - 27.50 = 1.10. Gain percentage = (1.10 / 27.50) * 100 = 4%.
From: PPSC Personal Assistant & Assistant (S&GAD) Past Paper 2020 Solved (2020) · PPSC
Correct Answer: 5
Cost of 6 toffees is Rs 1. To gain 20%, Selling Price = Rs 1.20 for 6. To find how many for Re 1: 6 / 1.20 = 5 toffees.
From: PPSC Ziladar Punjab Irrigation Department Past Paper 2020 Solved (2020) · PPSC
Correct Answer: 200
Selling Price = Cost Price + Profit. 220 = CP + 0.1(CP) -> 1.1(CP) = 220 -> CP = 200.
From: PPSC Assistant (BS-16) Labour & Human Resource Department Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 20%
Cost Price of 1 = 5/3 = Rs. 1.66. Selling Price of 1 = 4/2 = Rs. 2. Profit = SP - CP = 0.33. Profit % = (0.33 / 1.66) * 100 = 20%.
From: PPSC Assistant Sub-Inspector (ASI) Punjab Police Past Paper 2019 Solved (2019) · PPSC
Correct Answer: Rs. 200
Let CP = x. x + 0.10x = 220. Thus, 1.1x = 220, so x = 200.
From: PPSC Assistant Sub-Inspector (ASI) Punjab Police Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 11.54%
Total Cost = 4700 + 500 = 5200. Profit = 5800 - 5200 = 600. Gain % = (600 / 5200) * 100 = 11.538%.
From: PPSC Assistant Sub-Inspector (ASI) Punjab Police Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 5.6%
Cost price per toy = 375 / 12 = 31.25. Profit = 33 - 31.25 = 1.75. Profit % = (1.75 / 31.25) * 100 = 5.6%.
From: PPSC Caretaker (BS-16) Lahore High Court Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 41.74
Cost Price = 40 / 1.15 = 34.78. To get a 20% profit, New Selling Price = 34.78 * 1.20 = 41.736 (rounded to 41.74).
From: PPSC Deputy Accountant (BS-16) Finance Department Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 12%
Let original price = 100. Purchase price = 80. Selling price = 80 + (40% of 80) = 80 + 32 = 112. Profit on original = 112 - 100 = 12%.
From: PPSC Elementary School Educator General (BS-14) Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 12%
Profit = 392 - 350 = 42. Profit Percentage = (42 / 350) x 100 = 12%.
From: PPSC ESE General (BS-14) Labour & Human Resource Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 4%
Profit = 28.60 - 27.50 = 1.10. Gain percentage = (1.10 / 27.50) * 100 = 4%.
From: PPSC Sub Inspector (Service Quota) Punjab Police Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 25%
Let CP = 4x and SP = 5x. Profit = 5x - 4x = x. Profit percentage = (x / 4x) * 100 = 25%.
From: PPSC Sub Inspector (Service Quota) Punjab Police Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 20%
Loss = 5000 - 4000 = 1000. Loss percentage = (1000 / 5000) * 100 = 20%.
From: PPSC Sub Inspector (Service Quota) Punjab Police Past Paper 2019 Solved (2019) · PPSC
Correct Answer: 0%
Selling for the same price as the cost price means no profit and no loss, so the loss is 0%.
From: Inspector ASF Past Paper 2015 Solved (2015) · FPSC
Correct Answer: 14%
The loss is (50000 - 43000) / 50000 = 14%.
From: Inspector ASF Past Paper 2015 Solved (2015) · FPSC
Correct Answer: Rs. 525
A fan sold at a 5% loss for Rs. 475 cost Rs. 500, so selling it at a 5% gain gives Rs. 525.
From: Inspector Past Paper 2011 Solved (2011) · FPSC
Correct Answer: 720
Cost price is 480 / 0.80 = Rs. 600, so a 20% gain gives a selling price of Rs. 720.
From: Inspector Past Paper 2009 Solved (2009) · FPSC
Correct Answer: Rs.70
Selling for Rs. 370 what cost Rs. 300 gives a profit of Rs. 70.
From: Deputy Director Past Paper 2008 Solved (2008) · FPSC
Correct Answer: 50%
Buying for Rs. 400 and selling for Rs. 600 gives a profit of Rs. 200 on Rs. 400, which is 50%.
From: Inspector ASF Past Paper 2004 Solved (2004) · FPSC
Correct Answer: 60%
Buying for Rs. 500 and selling for Rs. 800 gives a profit of Rs. 300 on Rs. 500, which is 60%.
From: Inspector ASF Past Paper 2004 Solved (2004) · FPSC
Correct Answer: Rs.1000
Buying a TV for Rs. 8000 and selling it for Rs. 7000 gives a loss of Rs. 1000.
From: Inspector ASF Past Paper 2004 Solved (2004) · FPSC
Correct Answer: 20%
Loss = 1000 - 800 = Rs 200, which is 200/1000 = 20% of the cost price.
From: Junior Admin Officer Past Paper 2004 Solved (2004) · FPSC
Correct Answer: Rs. 40
The loss is Rs. 40.
From: MCQs from Previous Papers of Inspector Customs / Intelligence Officer, FBR — Solved MCQs · FPSC
Correct Answer: Rs. 40
The loss is Rs. 40.
From: MCQs from Previous Papers of Inspector Customs / Intelligence Officer, FBR — Solved MCQs · FPSC
Correct Answer: Rs. 50
If the cost is Rs. 50, the profit is Rs. 25, which is 50 percent of the cost, and the profit percentage (50) equals the cost price (50), matching the condition.
From: Patrol Officer Motorways Police Past Paper Solved · FPSC
The bank holds 46 questions tagged "Profit and Loss" under Mathematics, drawn from 34 solved papers (2004–2026). After merging the same question asked in multiple papers, 45 are distinct; this page shows the top 45.
They are pulled from the solved papers in the GK360 archive — CSS, PPSC, FPSC papers among them — and every card on this page names its source paper and year, so you can open the full paper from the Past Papers archive.
Yes — 45 of the 45 questions shown carry a written explanation under the answer; the rest show the verified correct answer for revision. Every answer passed GK360's three-way check (printed key, worked material, standard fact).
Work through the questions on this page first, note the ones you miss, then attempt the same topic under a timer with the "Practice this topic" button above — it starts a timed Quiz Builder attempt on this exact subject and topic right away.
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