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 - A man offers his at 5% misfortune. On the off chance that he offers it for Rs. 80 more, He picks up 5%. The expense cost of the is:

A - 1600

B - 1200

C - 1000

D - 800

Answer : D

Explanation

Let the C.P. be Rs x.Then,
(105/100 * x)- (95/100 * x)=80⇒21x/20-19x/20=80
⇒ (21x-19x) =1600⇒ 2x=1600⇒ x=800
∴C.P. Rs 800.

Q 2 - Raghavan purchased a bike at 13/15 of its checked value and sold it at 12% more than the checked cost. His addition % is:

A - 20%

B - 30%

C - 380/13%

D - half

Answer : A

Explanation

Let M.P be Rs. x. Then, C.P = Rs. 13x/15
S.P = (112% of x) = (112/100*x) =Rs. 28X/25
Gain = Rs. (28x/25-13x/15) = (84x-65x)/75 = Rs. 19x/75
Gain % = (19x/75 *15/13x*100) % = 380/13%

Q 3 - A merchant purchased toffee at 6 for a rupee. What number of for a rupee must he offer to increase 20%?

A - 3

B - 4

C - 5

D - none of these

Answer : C

Explanation

Suppose be by 6 toffee. Then ,
C.P. = Re 1 and S.P = (120/100*1)= Rs.6/5
Rs. 6/5 is S.P of 6 toffees.
Rs.1 S.P of (6/5*6) = 5 toffees.

Q 4 - The benefit earned subsequent to offering an article for Rs. 625 is same as misfortune Caused subsequent to offering the articles for Rs. 435.The expense cost of the articles is:

A - 520

B - 530

C - 540

D - 550

Answer : B

Explanation

Let the C.P be Rs. x . Then,
625-x = x-435 ⇒ 2x = 1060 ⇒ x= 530
∴ C.P = Rs. 530

Q 5 - The profit earned after selling an article for Re 625 is the same as the loss incurred after selling the article for Re 435. What is the cost price of the article?

A - Re 530

B - Re 520

C - Re 550

D - None of these

Answer : A

Explanation

Let profit = loss = Re x

As per question,
625 ? x = 435 + x
Or, 2x = 190
Or, x = Re 95

∴ CP = Re (435 + 95) = Re 530

Q 6 - By selling an article for Rs.8.5 a dealer makes a profit of 20% by how much should he increase his selling price so as to make a profit of 30%?

A - 4

B - 5

C - 6

D - 8

Answer : A

Explanation

Assume cost = 100 ; Assume cost = 100
Profit =20 = 120 ; Profit= 30 = 130 =?
120 = 24
130 =?
130x24/( 120)=28
Increase in Selling price = 28-24=4

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 - Which of the accompanying is the most reduced proportion?

A - 7:13

B - 17:25

C - 7:15

D - 15:23

Answer : C

Explanation

7/13 =0.538, 17/25 =0.68, 7/15= 0.466, 15/23 =0.652
Clearly, 7/15 is the smallest.

Q 9 - A couch set conveying a deal value ticket of rs. 5000 is sold at a rebate of 4%, accordingly increasing 20% .the merchants expense cost of the couch set is:

A - Rs. 3600

B - Rs. 3800

C - Rs. 4000

D - Rs. 4200

Answer : C

Explanation

M.P = Rs. 5000 and discount =4%
∴ S.P = 96% of Rs. 5000 = (96/100*5000) = Rs. 4800, gain=20%
∴  C.P = Rs. (100/120*4800)  = Rs. 4000.

Q 10 - A rebate arrangement of P% and Q% on a receipt is the same as a Single rebate of:

A - [p+q + pq/100] %

B - (p-q+ pq/100) %

C - {100-(p+q+pq/100)} %

D - none of these

Answer : D

Explanation

Let M.P be rs. 100. Then,
S.P = (100-p)% of (100-q)% of Rs. 100
= { (100-p)/100 * (100-q)/100*100}
= rs. [100-p) (100-q)]/100
Single discount = {100- (100-p) (100-q)/100}%
= [10000- (10000-100q-100p+pq)/100]%
= 100q+100p-pq/100
= {(p+q)-pq/100}%


aptitude_profit_loss.htm

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