NMAT Profit and Loss MCQs with Solutions: Practice NMAT Previous Year Questions (PYQs)

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Chanpreet Kaur

Content Writer | MBA Professional | Updated on - Nov 28, 2025

Profit and Loss is an important topic in the Quantitative Aptitude section in NMAT exam. Practising this topic will increase your score overall and make your conceptual grip on NMAT exam stronger.

This article gives you a full set of NMAT Profit and Loss MCQs with explanations and NMAT previous year questions (PYQs) for effective practice. Practice of Quantitative Aptitude MCQs including Profit and Loss questions regularly will improve accuracy, speed, and confidence in the NMAT 2025 exam.

NMAT Profit and Loss MCQs with Solutions

1.
Find the cost price of an article sold by the shopkeeper on selling the article at Rs. 240?
% Statement 1 I. If the article sold at 25% more the profit earned will be Rs. 40.
% Statement 2 II. Marked price of article is Rs. 400 and profit percentage is equal to discount percentage offered and profit percentage is 40%.
- If the question can be answered by using statement I alone.
- If the question can be answered by using statement II alone.
- If the question can be answered by using both the statements together, but cannot be answered by either statement alone.
- If the question can be answered by using either statement I or statement II alone.
- If the question cannot be answered even by using both the statements together.
View Solution
2.
A farmer sold a cow and an ox for Rs. 800 and got a profit of 20\(\%\) on the cow and 25\(\%\) on the ox. If he sells the cow and the ox for Rs. 820 and gets a profit of 25\(\%\) on the cow and 20\(\%\) on the ox, the individual cost price of the cow and the ox is
- Rs. 515.60, Rs. 115.60 (Approx.)
- Rs. 531.50, Rs. 135.50 (Approx.)
- Rs. 530.60, Rs. 130.60 (Approx.)
- Cannot be determined
View Solution
3.
Padam purchased 30 kg of rice at the rate of Rs. 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20\(\%\) overall profit. At what price per kg did he purchase the lot of another 30 kg rice?
- Rs. 14.50
- Rs. 13.50
- Rs. 12.50
- Rs. 15.50
View Solution
4.
Vineet calculates his profit percentage on the selling price whereas Roshan calculates his profit on the cost price. They find that the difference of their profits is Rs. 275. If the selling price of both of them are the same, and Vineet gets 25\(\%\) profit and Roshan gets 15\(\%\) profit, then find their selling price.
- Rs. 2100
- Rs. 2300
- Rs. 2350
- Rs. 2250
View Solution
5.
A trader purchases a watch and a wall clock of Rs. 390. He sells them making a profit of 10\(\%\) on the watch and 15\(\%\) on the wall clock. He earns a profit of Rs. 51.50. The difference between the original prices of the wall clock and the watch is equal to
- Rs. 110
- Rs. 100
- Rs. 80
- Rs. 120
View Solution
6.
A man sells two horses for Rs. 1475. The cost price of the first is equal to the selling price of the second. If the first is sold at 20\(\%\) loss and the second at 25\(\%\) gain, what is his total gain or loss (in rupees)?
- Rs. 80 gain
- Rs. 60 gain
- Rs. 60 loss
- Neither gain nor loss
View Solution

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NMAT Profit and Loss MCQs with Solutions

2.A farmer sold a cow and an ox for Rs. 800 and got a profit of 20\(\%\) on the cow and 25\(\%\) on the ox. If he sells the cow and the ox for Rs. 820 and gets a profit of 25\(\%\) on the cow and 20\(\%\) on the ox, the individual cost price of the cow and the ox is

3.Padam purchased 30 kg of rice at the rate of Rs. 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20\(\%\) overall profit. At what price per kg did he purchase the lot of another 30 kg rice?

5.A trader purchases a watch and a wall clock of Rs. 390. He sells them making a profit of 10\(\%\) on the watch and 15\(\%\) on the wall clock. He earns a profit of Rs. 51.50. The difference between the original prices of the wall clock and the watch is equal to

6.A man sells two horses for Rs. 1475. The cost price of the first is equal to the selling price of the second. If the first is sold at 20\(\%\) loss and the second at 25\(\%\) gain, what is his total gain or loss (in rupees)?

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2.
A farmer sold a cow and an ox for Rs. 800 and got a profit of 20\(\%\) on the cow and 25\(\%\) on the ox. If he sells the cow and the ox for Rs. 820 and gets a profit of 25\(\%\) on the cow and 20\(\%\) on the ox, the individual cost price of the cow and the ox is

3.
Padam purchased 30 kg of rice at the rate of Rs. 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20\(\%\) overall profit. At what price per kg did he purchase the lot of another 30 kg rice?

5.
A trader purchases a watch and a wall clock of Rs. 390. He sells them making a profit of 10\(\%\) on the watch and 15\(\%\) on the wall clock. He earns a profit of Rs. 51.50. The difference between the original prices of the wall clock and the watch is equal to

6.
A man sells two horses for Rs. 1475. The cost price of the first is equal to the selling price of the second. If the first is sold at 20\(\%\) loss and the second at 25\(\%\) gain, what is his total gain or loss (in rupees)?