The CLAT exam requires strong analytical skills, critical thinking, and careful reading, along with a clear understanding of the Profit and Loss. This article provides a set of MCQs on Profit and Loss to help you practice and strengthen your knowledge with the help of detailed solutions, which will support your CLAT 2026 exam preparation.
Whether you're revising the basics or testing your knowledge, these MCQs will serve as a valuable practice resource.
The CLAT 2026 exam is expected to follow a similar trend to the CLAT 2025, with a total of 120 questions for one mark, and 0.25 marks are deducted for each incorrect answer.
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CLAT MCQs on Profit and Loss
1. An employee of an organization invests a total of Rs 25,400 in two different schemes X and Y at a simple interest rate of 18% per annum and 10% per annum respectively. If a total of Rs. 6460 has been earned as simple interest in 2 years, what amount was invested in Scheme Y?
A Rs. 8,625
B Rs. 16,775
C Rs. 12,240
D Rs. 10,930
2. The difference between Simple Interest and Compound Interest on Rs. 500 for 1 year at 10% per annum, reckoned half yearly is
A Rs. 1
B Rs. 1.25
C Rs. 1.5
D Rs. 2
3. Dealer marks goods 20% above cost and gives 10% discount. Find gain percent.
A 2%
B 4%
C 6%
D 8%
4. A book seller sold a box of 10 pencils for Rs. 80 and incurred a loss. Had he sold it for Rs. 98, his gain would have been twice the loss he incurred earlier. The cost price of the box of pencils is:
A Rs. 84
B Rs. 86
C Rs. 88
D Rs. 90
5. Naresh bought a bicycle each for his two sons, each bicycle priced at Rs. 3500. If the first bicycle is sold at a profit of 5%, the how much should the other bicycle be sold for, to gain a total of 20% on both?
A 15%
B 10%
C 25%
D 35%
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