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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 - 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 - 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 salesman is allowed 11/2% discount on the total sales made by him plus a bonus of 1/2% on sales over Re 10000. If his total earnings were Re 1990, his total sales was:

### Answer : D

### Explanation

Let the salesman?s total sales = Re (10000 + x) According to the question, 10000 * 11/2% + x*6% = 1990 Or, 5000*11% + 6x% = 1990 Or 5000*11/100 + 6x/100 = 1990 Or, 550 + 6x/100 = 1990 Or, 55000 + 6x = 199000 Or, 6x = 199000 ? 55000 Or, 6x = 144000 Or, x = 144000/6 = 24000 ∴The required sales = Re (1000 + 24000) = Re 34000

Q 6 - Farhan purchased a house for Rs.80000 and a site for Rs.10000 respectively, if he sold the house for Rs.86000 and the site for Rs.14000, then find the resultant percentage of gain?

### Answer : D

### Explanation

Total CP = 90000 & total SP = 100000 => Gain = SP/CP = 100000/90000 =1.111 =1.11%

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 - If a surpasses B by 40 % and B is not as much as C by 20 %, then A:C =?

### Answer : D

**Explanation**

B= 80% of C= 80/100*C= 4c/5 and A= 140% of B=(140b/100) =7B/5 A= 7b/5= 7/5*4C/5 =28C/25 =>A/C =28/25 ∴ A: C = 28:25

Q 9 - Progressive markdown of 10% and 20% are identical to a solitary markdown of:

### 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:

### 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