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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 - 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 - If an article is sold at an addition of 5 % as opposed to being sold at lost 5%, one gets Rs more. What is the expense cost of the article?
Answer : D
Explanation
Let the C.P be Rs. x. Then, ∴ (105/100)x-(95/100)x = 5 ⇒105x-95x= 500 ⇒10x=500 X= 50 ∴ C.P =Rs. 50
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 man sold two steel seats for Rs. 500 each. On one, he increases 20% also, on the other, he loses 12%. The amount of does he pick up or misfortune in the entire exchange?
Answer : C
Explanation
S.P of two chairs = (500*2) =1000 C.P of these chairs = [(100/120*500) + (100/88*500)] = (1250/3 +6250/11) = 32500/33 Gain = (1000-32500/33) =Rs. 500/33 ⇒ Gain % = (500/33*33/32500*100) % = 1.5% loss
Q 5 - A person incurs 10% loss by selling a refrigerator for Rs 5400. At what price should the refrigerator be sold to earn 10% profit?
Answer : D
Explanation
SP=5400 X (110)/90=6600.
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 - Toffees are bought at the rate of 5 for a rupee. To gain 25% they must be sold at?
Answer : C
Explanation
Let 5 toffees cost price is Re.1 i.e. 1 toffee cost price is 1/5 i.e., 1/5 + 1/5 x 25% = X 1/5+1/5 x 25/100=X =>X=1/4 => 4 Toffees for Re. 1
Q 8 - If a surpasses B by 40 % and B is not as much as C by 20 %, then A:C =?
Answer : D
Explanation
B= 80% of C= 80/100*C= 4c/5 and A= 140% of B=(140b/100) =7B/5 A= 7b/5= 7/5*4C/5 =28C/25 =>A/C =28/25 ∴ A: C = 28:25
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 - A organization offers three sorts of progressive rebates. First: 25%, Furthermore, 15%, second: 30% and 10%, third: 35% and 5%. Which offer is better for a client?
Answer : C
Explanation
Let the M.P be Rs. 100. 1st payment = 75% of 85% of rs. 100 = rs. (75/100*85/100*100)= 255/4 =rs. 63.75 2nd payment = 70% of 90% of Rs. 100 = Rs. (70/100*90/100*100)= 63 3rd payment = 65% of 95% of Rs. 100 = (65/100 *95/100*100) =61.75 Clearly , 3rd payment is better