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Aptitude - Profit & Loss Online Quiz

Following quiz provides Multiple Choice Questions (MCQs) related to Profit & Loss. You will have to read all the given answers and click over the correct answer. If you are not sure about the answer then you can check the answer using Show Answer button. You can use Next Quiz button to check new set of questions in the quiz.

Q 1 - By offering a seat for Rs. 572, a man increases 30%. The expense cost of the Chair is:

A - Rs. 340

B - Rs. 400

C - Rs. 440

D - Rs. none of these

Answer : C

Explanation

Let the C.P. be Rs x.Then, S.P. =130% of Rs x.
∴ 130/100*x=572 ⇒x= (572*10/13) =440.
∴ C.P. =Rs 440.

Q 2 - Ravi purchases some toffee at 2 for a rupee and offers them at 5 for a rupee. His misfortune percent is:

Answer : C

Explanation

Let the no. of toffees bought be (2*5)= 10
C.P of 10 toffees = (1/2*10) = 5
S.P of 10 toffees = (1/5 *10) = 2
Loss% = (3/5 *100) % = 60%

Q 3 - On offering an article at a sure value, a man increases 10%. On offering the same articles at twofold value, pick up percent is:

Answer : C

Explanation

Let the First S.P be Rs. x, gain%= 10%
∴   C.P   =   (100/110*X) = Rs. 10x/11, new S.P = Rs. 2x
Gain = Rs. (2x-10X/11) = Rs. 12x/11
Gain% = (12x/11 *11/10x*100) % = 120%

Q 4 - A machine was sold at an addition of 10%. Had it been sold at Rs. 80 less, the merchant would have lost 10%. What is the expense cost of the machine?

Answer : B

Explanation

Let the C.P be Rs. x. Then , S.P = (110/100*x)  =11x/10
New S.P =   (90/100*x)  =  Rs. 9x/10
11x/10 -9x/10 =80 ⇒ (11x-9x) =800
2x= 800 ⇒ x=400
∴ C. P= 400

Q 5 - Ruhina bought 20 apples for Rs.150 and sold them at the rate of 15 apples for Rs.150. What is the percentage of profit made by her?

Answer : C

Explanation

Her profit % =(S.P-C.P)/(C.P) x100=(200-150)/150 x100=33.33%

Q 6 - A shopkeeper expects a gain of 17.5% on his cost price. If in a week, his sale was of Rs. 235, what was his profit?

Answer : A

Explanation

C.P. = Rs 100/( 117.5) x 235=Rs.200
Profit = 235-200=Rs. 35

Q 7 - Ramesh sells a bike to Suresh at 15% loss. If Suresh sell it for 45000 and gains 20% profit, the original cost of the bike was

Answer : B

Explanation

S.P= Rs. 45000 Gain = 20%
C.P=100/120 x45000= Rs.37500
Now S.P =Rs.37500 and loss 20%
C.P=Rs.  100/80 x37500=Rs.46875

Q 8 - Rs. 680 is separated among A, B, C such that A gets 2/3 of what B gets and B gets 1/4 of what C gets. At that point their shares are separately:-

Answer : B

Explanation

Suppose C gets Rs. x. then B gets Rs. x/4 and gets Rs. (2/3*x/4)= x/6.
∴x/6+x/4+x=680
=>2x+3x+12x=8160
=> 17x= 8160
=> x=480
∴ A gets rs. 80, B gets rs. 120 and C gets rs. 480

Q 9 - A retailer cases to offer his articles at a rebate of 10%, however marks his articles by expanding the expense of each by 20%. His addition Percent is:

Answer : B

Explanation

Let C.P be Rs. 100. then , M.P= rs. 120
∴ S.P = (90/100*120) = Rs. 108
Gain% = 8%

Q 10 - Arun purchased a T.V set at 20% markdown. On the off chance that he gets a rebate of 25%, he spares Rs 1800. For the amount of does he buy the T.V.set?

Answer : C

Explanation

Let the M.P be Rs. x.
(80%of x)- (75% of x) =1800
⇒ (80/100*x)- (75/100*x) =1800
⇒ 4x/5 -3x/4 =1800
⇒ (16x-15x)=36000 ⇒ x=36000
∴ C.P = 80% of rs. 36000 = (80/100*36000)= 28800

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