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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 book shop offers a book at an increase of 10%. On the off chance that he had purchased it at 4% less and sold it for Rs. 6 more, he would have picked up 75/4 %. The expense cost of the book is:
Answer : C
Explanation
Let the C.P. be Rs x.Then, S.P. =Rs (110/100 * x) =Rs 11x/10. New C.P. = 96% of Rs x=Rs (96/100 * x) =Rs 24x/25. New S.P. =Rs (11x/10+6). ∴ (11x/10+6) =475/4% of 24x/25⇒11x+60/10=475/400*24x/25=57x/50 ⇒550x+3000=570x ⇒20x=3000⇒x=150. ∴ C.P. =Rs 150.
Q 2 - Mohan purchased 20 feasting tables for rs. 12000 and sold them at a benefit equivalent to the offering cost of 4 eating tables. The offering cost of every eating table is:
Answer : B
Explanation
C.P of each table = rs. (12000/20) = rs. 600 (S.P of 20 tables)- (C.P of 20% table) = profit = S.P of 4 tables ⇒S.P of 16 tables = C.P of 20 tables= 1200 ⇒ S.P of 1 table = (12000/16) = R.s 750
Q 3 - By offering 36 oranges, a merchant loses the offering cost of 4 oranges. His misfortune percent is:
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 - If the maker additions 10%, the wholesale merchant 15% and the retailer 25%, then the expense of the generation of an article whose retail cost is rs. 1265, is:
Answer : B
Explanation
Let the cost of production be rs. x. Then, X* 110/100 *115/100 *125/100 =1265 ⇒ X*11/10* 23/20*5/4= 1265 ⇒ 11*23*5*x = 1265*800 ⇒ x =1265*800/11*23*5 = 800 ∴ cost of the production = Rs. 800
Q 5 - A shopkeeper mixes 52 kg of rice at Rs. 40 per kg with 60 kg of rice of other variety at Rs. 72 per kg and sells the mixture at Rs. 60 per kg. His profit percent is:
Answer : B
Explanation
C.P. of 112 kg rice = Rs. (52 x 40 + 60 x 72) = Rs. (2080+4320) = Rs. 6400. S.P. of 112 kg rice = Rs. (112 x 60) = Rs. 6720. Gain =(S.P-C.P)/(C.P) x100= (6720-6400)/6720 x100=4.7%
Q 6 - If books bought at prices ranging from Rs.150 to Rs.250 are sold at prices ranging from Rs.225 to Rs.325, what is the greatest possible profit that might be made in selling 6 books?
Answer : D
Explanation
Let us consider all the six books are bought at least cost 150 x 6 = 900 Selling at the highest price 325 x 6 = 1950 ∴ Profit = selling price ? cost price =1950 - 900 = 1050
Q 7 - Nita mixes two assortments of tea-one costing Rs. 180 for each Kg and Another costing Rs. 200 for every Kg. in the proportion 5:3. On the off chance that she offers the mixed assortment at Rs. 210 for every kg, then her increase is:
Answer : C
Explanation
Let 5 kg of the cheaper be mixed with 3 kg of dealer. Then, C.P = Rs. (180*5 + 200*3) = 1500 Total S.P = rs. (210*8) = 1680 Rs. Gain% = (180/1500*100) % = 12%
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:
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 - A broker denotes his merchandise at such a cost, to the point that he can deduct 15% for money but makes 20% benefit. The stamped cost of a thing which cost him Rs 90 is:
Answer : C
Explanation
C.P = RS. 90, Gain =20% ∴ S.P = (120/100*90) = Rs.108 Let the M.P be Rs. x then, 85% of x = 108. ∴ 85/100*x =108 ⇒x=(108*100/85) = 2160/17.∴ M.P = 2160/17
Q 10 - The stamped cost of an electric iron is Rs. 690. The businessperson permits a markdown of 10% and additions 8%. In the event that no rebate is permitted, his addition percent would be:
Answer : A
Explanation
M.P = Rs. 690 and discount= 10% ∴ S.P = 90% of 690 = Rs. (90/100*690)= 621 Rs. Now, S.P = Rs. 621 and gain% = 8% ∴ C.P = (100/108*621) = 575 rs. Now , C.P = Rs. 575 , S.P = 690 ∴ Gain%= (115/575*100) % = 20%