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

### 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 - A man offers an article for rs. 75 and picks up as much percent as the expense cost of the articles in rupees. The expense cost of the article is:

### Answer : C

### Explanation

Let the C.P be RS. X. Then gain =X% ∴S.P = (100+x)/100 *x ⇒ (100+x) x/100 = 75 ⇒ X^{2}+100x-7500 =0 ⇒ X^{2}+150x-50 x-7500 =0 ⇒ (x+150) (x-50) =0 ⇒ x=50 ∴ C.P = Rs. 50

Q 4 - A broker purchases a few merchandise for Rs. 150. In the event that the overhead costs be 12% of expense value, then at what value should it is sold to acquire 10%?

### Answer : A

### Explanation

Total C.P = Rs. (150+ 12% of 150) = rs .(150+ 12/100*150)=168 Gain = 10% ⇒ S.P = rs.(110/100*168) = Rs. 184.80

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?

### 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 - By selling 12 gloves at Rs. 360, there is a loss equal to the cost price of 4 gloves. The cost price of a glove is

### Answer : C

### Explanation

(C.P. of 12 glove) - (S.P. of 12 glove) = (C.P. of 4 glove) C.P. of 8 glove = S.P. of 12 glove = Rs.360. C.P. of 1 glove = 360/( 8)=Rs.45

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 - The whole of three square of three no. which are in the proportion 2:3:4 is 725. What are three numbers?

### Answer : A

**Explanation**

Let the numbers be 2x, 3x and 4x. Then, 4x^{2}+9x^{2}+16x^{2}= 725 => 29x^{2}=725 x^{2}= 25 => x =5 ∴ The numbers are 10, 15, 20 .

Q 9 - The stamped cost of a shirt and trousers are in the proportion 1:2. The businessperson gives 40% markdown on the shirt. On the off chance that the aggregate markdown on both is 30%, the markdown offered on trousers is:

### Answer : C

### Explanation

Let The M.P Of shirt be Rs. x and that of trousers be rs. 2x. Let y% be the discount on trousers. Then, 60/100*x+ (100-y)/100*2x= 70/100*(x+2x) ⇒3/5+(100-y)/50 = 21/10 ⇒ (100-y)/50 = (21/10-3/5)= 15/10=3/2 ⇒ (100-y)= (3/5*50)= 75 ⇒ y=25 ∴ discount on trousers = 25%

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?

### 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