Aptitude - Profit & Loss Online Quiz


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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.

Questions and Answers

Q 1 - On offering an article for Rs. 48, one loses 20%. With a specific end goal to pick up 20%, what might be the offering cost?

A - 52

B - 56

C - 68

D - 72

Answer : D

Explanation

Let the C.P be Rs. x. Then,
80% of x = 48 ⇒ 80/100 *x =48
⇒ x= (48*100/80) = 60
C.P = Rs. 60 and gain =20%
∴ S.P=   Rs. (120/100*60) = Rs. 72

Q 2 - A fruit seller purchases lemons at 2 for a rupee and offers them at 5 for 3 rupees. His increase % is:

A - 10%

B - 15%

C - 20%

D - 25%

Answer : C

Explanation

Let the no. of lemons be bought(2*5) =10
C.P = (1/2*10) = 5, S.P= (3/5*10) = 6
Gain % = (1/5*100) % =20%

Q 3 - In the event that offering cost is multiplied, the benefit triples. The benefit percent is:

A - 200/3%

B - 100%

C - 316/3%

D - 120%

Answer : B

Explanation

Let C.P is Rs. x and S.P be Rs. y.
Then, profit = Rs. (y-x)
Again, S.P = Rs. 2y and profit = Rs. (y-x)
C.P = (S.P) ? (profit) =   rs.  3(y-x)
C.P = (S.P) - (profit) = 2y-3(y-x) = 3x-y
∴ 3x-y= x ⇒ y= 2x
⇒ Profit%= (x/x*100) % = 100%

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?

A - 350

B - 400

C - 450

D - 520

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 - A company offers three types of successive discounts: i) 25% and 15%, ii) 30% and 10%, iii)35% and 5%. Which offer is the best for the customer?

A - First Offer

B - Second offer

C - Third offer

D - All are equally good

Answer : C

Explanation

First Type = [25 + 15 ? (25*15)/100]%
= 36.25%

Second type = [30 + 10 ? (30*10)/100]%
= 37%

Third Type = [35 + 5 ? (35*5)/100]%
= 38.25%

Hence third offer is best for the customer.

Q 6 - Farhan purchased a house for Rs.80000 and a site for Rs.10000 respectively, if he sold the house for Rs.86000 and the site for Rs.14000, then find the resultant percentage of gain?

A - 1.05%

B - 1.07%

C - 1.09%

D - 1.11%

Answer : D

Explanation

Total CP = 90000 & total SP = 100000
=> Gain = SP/CP = 100000/90000 =1.111 =1.11%

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

A - Rs.46500

B - Rs.46875

C - Rs.46000

D - Rs.46950

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 - Three numbers A , B and C are in the proportion 1:2 :3. Their normal is 600. In the event that An is expanded by 10% and B is diminished by 20 %, then to get the normal expanded by 5%, C will be expanded by:

A - 90

B - 100

C - 150

D - 180

Answer : D

Explanation

Let A= x, B= 2x and C=3x, then,
      (X+2x+3x)/3 =600 
=> 6x =1800 
=>x= 300
  ∴  the numbers are 300, 600, 900.
  New average= 105% of 600 =(105/100*600)= 630.
    Let 110% of 300+ 80% of 600 +y=630*3
     => (110/100*300) +(80/100*600)+y =1890
=> (330+480)+y= 1890 
=> y=1890-810 =1080
     Increase in C= (1080-900) =180.

Q 9 - Progressive markdown of 10% and 20% are identical to a solitary markdown of:

A - 15%

B - 28%

C - 30%

D - none of these

Answer : B

Explanation

Let C.P. be Rs 100. Then,
S.P.=90% of 80% of Rs 100=Rs(90/100*80/100*100)=Rs 72.
∴ Single discount = (100-72)%  =28%

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?

A - Rs. 33000

B - Rs. 31200

C - Rs. 28800

D - Rs. 27000

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

aptitude_profit_loss.htm
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