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 man sold an article at lost 20%. On the off chance that he offers the article for Rs. 12 more, he would have increased 10%. The expense cost of the article is:

A - 60

B - 40

C - 30

D - 22

Answer : B

Explanation

Let the C.P be Rs. x. Then,
(110/100*x)-  (80/100*x)= 12
⇒ 11x/10 - 4x/5 = 12
⇒ (11x-8x) =120 ⇒ 3x= 120 ⇒ x=40
∴ C.P. = Rs. 40

Q 2 - Oranges are purchased at 5 for rs. 10 and sold at 6 for rs. 15. His increase percent is:

A - Half

B - 40%

C - 35%

D - 25%

Answer : D

Explanation

let the no. of oranges bought be (5*6)=30
C.P = (10/5*30) =60 rs
S.P= (15/6*30) =75 Rs.
Gain % = (15/60*100) = 25%

Q 3 - The expense cost of two dozen bananas is Rs. 32. In the wake of offering 18 Bananas at Rs. 12 for every dozen, the businessperson lessened the rate as Rs. 4 for every dozen. The misfortune percent is:

A - 25.2%

B - 32.4%

C - 36.5%

D - 37.5%

Answer : D

Explanation

C.P = Rs. 22
S.P =   (3/2*12) + (6/12*4)= (18+2) =20
Loss% = (12/32*100) % = 75/2%= 37.5

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 - A fruit seller purchases Mangoes at the rate of 4 for Rs.8 and sells them at 3 for Rs.9. His profit in the transaction is

A - 45%

B - 50%

C - 55%

D - 60%

Answer : B

Explanation

CP of one Mango =8/4 = Rs.2
SP of one Mango =9/3 = Rs.1
His profit % = (2-1)/( 2)x100=50%

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 - 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 - A retailer cases to offer his articles at a rebate of 10%, however marks his articles by expanding the expense of each by 20%. His addition Percent is:

A - 6%

B - 8%

C - 10%

D - 12%

Answer : B

Explanation

Let C.P be Rs. 100. then , M.P= rs. 120
∴ S.P = (90/100*120) = Rs. 108
Gain% = 8%

Q 10 - An article is recorded at Rs.900 and two progressive rebates of 8% furthermore, 8% are given on it. What amount would the merchant addition or misfortune, if he gives a solitary rebate of 16%, rather than two markdowns?

A - Gain rs. 4.76

B - misfortune rs.5.76

C - pick up Rs. 5.76

D - misfortune, rs 4.76

Answer : B

Explanation

S.P in 1st case = 92% of 92% of rs. 900 = (92/100*92/100*900)

= 761.76
S.P in 2nd case = 84% 0f rs. 900 = (84/100*900) = 756
Loss = Rs. 5.76


aptitude_profit_loss.htm

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