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 - If a man were to offer his seat for Rs. 720, he would misfortune 25 %. To increase 25% he ought to offer it for:

A - 1200

B - 1000

C - 960

D - 900

Answer : A

Explanation

Let the C.P. be Rs x. Then, 75% of x=720.
∴ 75/100 * x = 720 ⇒ x = (720*4/3) =960.
Now, C.P. =Rs 960 and gain =25%.
∴ S.P. =Rs (125/100*960) =Rs 1200.

Q 2 - By offering 100 penciled, a businessperson picks up the offering cost of 20 Pencils. His addition percent is:

A - 25%

B - 20%

C - 15%

D - 12%

Answer : A

Explanation

Let the C.P of each pencil be rupee.1
(S.P of 100 pencils) - (C.P of 100 pencils) = gain= S.P of 20 pencil
⇒ S.P of 80 pencils= C.P of 100 pencils= 100
∴ C.P Of 80 pencils = Rs. 80 and S.P= 100 Rs.
Gain % = (20/80 *100) = 25%

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:

A - 20%

B - 100%

C - 120%

D - 140%

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?

A - 1.5% pick up

B - 2% pick up

C - 1.5% lose

D - 2% misfortune

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?

A - 5700

B - 6000

C - 6300

D - 6600

Answer : D

Explanation

SP=5400 X  (110)/90=6600.

Q 6 - A shopkeeper expects a gain of 17.5% on his cost price. If in a week, his sale was of Rs. 235, what was his profit?

A - 35

B - 32.5

C - 30

D - 27.5

Answer : A

Explanation

C.P. = Rs 100/( 117.5) x 235=Rs.200
Profit = 235-200=Rs. 35

Q 7 - A deceptive businessperson professes to offer his merchandise at expense cost be that as it may, utilizes false weights and increases 100/9%. For a weight of 1kg he Employments.

A - a weight of 875 gm

B - a weight of 900 gm

C - a weight of 950 gm

D - none of these

Answer : B

Explanation

Short   Cut Method:
Let the error be x gms.   Then,
X/ (1000-x)*100= 100/9⇒x/1000-x=1/9
⇒ 9x=1000-x ⇒ 10x=1000 ⇒ x=100.
Weight used = (1000- 100) = 900 gm

Q 8 - if the wage of A is 10% more than that of B and the wage of B is 20 % not as much as that of C, than the pay of A,B, C are in the proportion.

A - 11:10:8

B - 22:20:25

C - 10:9:7

D - 22:18:25

Answer : B

Explanation

Let C income be Rs 100. Then, B income=Rs 80.
A income=(110% of Rs 80)=Rs(110/100*80)=Rs 88.
∴A:B:C=88:80:100=22:20:25.

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 - On a Rs. 10000 installment arrange a man has decision between three progressive rebates of 10%, 10% and 30% and three progressive rebates of 40%, 5% and 5%. By picking the better one, he can spare:

A - Rs. 200

B - Rs. 255

C - Rs. 400

D - Rs. 433

Answer : B

Explanation

1st payment= 90% 0f 90% of 70% of rs. 10000
= rs. (90/100*90/100* 70/100*10000) =5670
2nd. Payment = 60% of 95% of 95% of 10000.
= (60/100*95/100*95/100*10000)= 5415
By choosing the better one he can save rs . (5670-5415) = 255


aptitude_profit_loss.htm

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