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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 - A radio is sold for Rs. 990 at a benefit of 10%. What might have been the increase or misfortune percent, had it been sold for Rs. 890?
Answer : C
Explanation
Let the C.P. be Rs. x. Then. X*110/100= 900 ⇒x = (990*10/11) =900 Now, C.P= 900 and S.P = 890 ∴ Loss % = (10/900*100) = 10/9%
Q 2 - By offering 33m of fabric Rajesh picked up the expense cost of 11m. The increase percent is.
Answer : A
Explanation
Let the C.P be Rupee 1 per m. (S.P of 33m) - (C.P of 33m) = gain =C.P of 11 m C.P of 33 m = Rs. 33, S.P of 33m =C.P of 44m =Rs.44 Gain = Rs. (44-33) = Rs 11 ∴ Gain % = (11/33*100) %= 100/3%
Q 3 - A merchant purchased toffee at 6 for a rupee. What number of for a rupee must he offer to increase 20%?
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 - A shipper has 1000kg of sugar, a portion of which he offers at 8% benefit what's more, and the rest at 18% benefit. He increases 14% in general. The amount sold at 18% benefit is:
Answer : B
Explanation
Let the sugar sold at *5 gain be x kg. Then, sugar sold at 18% gain = (1000-x) kg Let the C.P Of sugar be Rs. Y per Kg. Total C.P = Rs.(1000y) (108/100*xy)+ 118/100 (1000-x)y = 114/100 *1000y ⇒108xy + 118000y -118xy = 114000y ⇒ 10x =4000 ⇒ x= 400 Quantity sold at 18% gain= (1000-400) = 600 kg
Q 5 - What is the selling price of a toy? If the cost of the toy is Rs. 90 and a profit of 15% over selling price is earned?
Answer : A
Explanation
Cost price + profit = Selling Price Cost price is Rs. 90 Profit is 15% of Cost Price=13.5 Selling Price = CP + Profit =90+13.5 = 103.5 SP is Rs. 103.5
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%?
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 - A merchant sold his goods for Rs. 56 at a profit percent equal to C.P. The C.P is
Answer : A
Explanation
Let C.P. = Rs. X. Then X+X% of X = 56 =>X+XxX/100=56 =>X=Rs.40
Q 8 - Rs. 355 were separated among A, B,C in a manner that A had Rs. 20 more than B and C had Rs.15 all the more than A . What amount was C offer?
Answer : C
Explanation
Suppose B gets Rs. X. Then, A gets Rs. (x+20) and C gets Rs. (x+35) ∴ x+20+x+x+35= 355 => 3x=300 =>x=100 ∴ C share= (100+35) =135.
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:
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 retailer offers his clients 10% rebate and still makes a benefit of 26% . What is the genuine expense of an article for him checked Rs. 280?
Answer : B
Explanation
M.P = Rs.280 , S.P= rs. (90/100*280) = 252 S.P = Rs. 252, gain = 26% C.P.=Rs (100/126*252)=Rs 200.