# 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 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:

### 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:

### 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%?

### 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:

### 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?

### 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%?

### 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

### 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?

### 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:

### 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:

### 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}%