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 dealer has 1000 kg of sugar, a portion of which he offers he offers at 8 % benefit and the rest at 18% benefit. He increases 14% all in all. The amount sold at 18% benefit is:

A - 560 kg

B - 600 kg

C - 400 kg

D - 640 kg

Answer : B

Explanation

Suppose he bought it at Rs. x per kg, then C.P =Rs.1000x
Let the sugar sold at 8% gain be y kg.
Then, sugar sold at 18% gain = (1000-Y) kg
 ∴ (108/100 *xy) + (118/100*x {1000-Y}) = 114/100*1000x
⇒27y/25 + 59(1000-y)/50 = 1140
⇒ 54y+59(1000-y) =57000
⇒5y =2000   = y= 400
Quantity sold at 18% gain = (1000-400) kg =600 kg

Q 2 - Ravi purchases some toffee at 2 for a rupee and offers them at 5 for a rupee. His misfortune percent is:

A - 120%

B - 90%

C - 60%

D - 25%

Answer : C

Explanation

Let the no. of toffees bought be (2*5)= 10
C.P of 10 toffees = (1/2*10) = 5
S.P of 10 toffees = (1/5 *10) = 2
Loss% = (3/5 *100) % = 60%

Q 3 - By offering 36 oranges, a merchant loses the offering cost of 4 oranges. His misfortune percent is:

A - 25/2%

B - 100/9%

C - 10%

D - none of these

Answer : C

Explanation

(C.P. of 36 oranges)-(s.p of 36 oranges)= loss=S.P of 4 oranges
⇒C.P of 36 oranges = S.P of 40 oranges.
Let the C.P of each be Re 1.
C.P of 40 oranges = Rs. 40, S.P of 40 oranges =36
Loss % = (4/40*100) % =10%

Q 4 - By offering an article for rs. 144a man loses 1/7 of his cost. By offering it for rs.168, his addition or misfortune percent is:

A - 20%loss

B - 20% addition

C - 25/5% picks up

D - none of these

Answer : D

Explanation

Let the C.P be Rs. x. Then, loss= rs. (x/7)
S.P   = rs. (x- x/7)  =6x/7
∴ 6x/7 = 144 ⇒ x = (144*7/6) = 168
∴ (C.P = 168, S.P = 168) ⇒ gain or loss % = 0%

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?

A - Rs. 103.5

B - Rs. 101.5

C - Rs. 107

D - Rs. 115

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 - If the cost price is 80% of the selling price, then what is the profit percent?

A - 25

B - 20

C - 15

D - 21

Answer : A

Explanation

Let the SP be 100 => CP=80
Profit % =(100-80)/80 x100=25%

Q 7 - The aggregate expense cost of two watches is R. 840. One is sold at a benefit of 16% and the other at lost 12%. There is no misfortune or addition in the entire exchange. The expense cost of the watch on which the businessperson additions, is:

A - 360

B - 370

C - 380

D - 390

Answer : A

Explanation

Let their C.P be rs. x and Rs. (840-x) resp. Then,
(116/100*x) + 88/100*(840-x) ⇒ 29x/25+ (22 (840-x)/25) = 840
⇒ (29x-22x) + 18480 =21000 ⇒ 7x =2520
∴ Required C.P = Rs. 360

Q 8 - The proportion of first and worthless train passages between two stations is 3:1 and that of the no. of traveler going between two these by first and inferior 1:50 . in the event that on a specific day rs.1325 be gathered from the travelers going between these stations, then the sum gathered from useless travelers is:

A - 1250

B - 1000

C - 850

D - 750

Answer : A

Explanation

Ratio of the amounts collected form 1stand 2nd  class fares
    =(3*1:1*50)=3:50.
Amount collected from 2nd   class passengers=Rs (1325*50/53) = Rs 1250.

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 - 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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