Profit & Loss Quiz | Quantitative Aptitude MCQ Practice for IBPS AFO 2026

1

A trader wants to earn 16 2/3 % profit after allowing a discount of 25% find by how much percent he has to increase his cost price to make it marked price?(approximate)

Solution & Explanation CP=6, SP=7. MP = 7/0.75 = 28/3. Markup% = (28/3 - 6)/6 = 10/18 = 55.55% ≈ 56%.

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2

An article is marked ‘3x’ above the cost price of Rs.300 and sold after giving ‘x+100’ discount. The profit obtained is Rs.’x’. What will be the profit percent when the item is sold for ‘6x-100’?

Solution & Explanation SP = 300+3x-(x+100) = 2x+200. Profit = SP-CP = 2x-100 = x => x=100. New SP = 600-100=500. Profit% = (500-300)/300 = 66.67%.

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3

By selling 45 articles, a trader gains an amount equal to the cost price of 9 articles. Find his profit percentage.

Solution & Explanation Profit = Cost price of 9 articles on a sale of 45 articles. Profit percentage = (9/45) × 100 = 20%.

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4

When an article is sold at 75% of certain selling price, there is a loss of 20%. Calculate profit percent when the same article is sold at 125% of the certain selling price?

Solution & Explanation Let the certain selling price be 100 units. When sold at 75% of this, the SP is 75 units. A 20% loss means this 75 units is 80% of the Cost Price (CP). So, CP = 75 / 0.80 = 93.75 units. Now, if the article is sold at 125% of the certain selling price, the new SP is 125 units. The profit = New SP - CP = 125 - 93.75 = 31.25 units. Profit percentage = (Profit / CP) * 100 = (31.25 / 93.75) * 100 = (1/3) * 100 = 33 1/3 %.

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5

Cost price of 2 bags is in ratio 4:5 and these bags are sold at 10% profit & 20% profit respectively. Find overall profit percentage in entire transaction.

Solution & Explanation Total CP = 9x. Total SP = 4x(1.1) + 5x(1.2) = 4.4x + 6x = 10.4x. Profit% = 1.4/9 = 15.55%.

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Profit & Loss Quiz for IBPS AFO 2026

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