- Aptitude Test Preparation
- Aptitude - Home
- Aptitude - Overview
- Quantitative Aptitude

- Aptitude Useful Resources
- Aptitude - Questions & Answers

- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who

# 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 - 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?

### 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:

### 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:

### 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?

### 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?

### 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?

### 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

### 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:

### 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:

### 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?

### 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