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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 - If an article is sold at an addition of 5 % as opposed to being sold at lost 5%, one gets Rs more. What is the expense cost of the article?
Answer : D
Explanation
Let the C.P be Rs. x. Then, ∴ (105/100)x-(95/100)x = 5 ⇒105x-95x= 500 ⇒10x=500 X= 50 ∴ C.P =Rs. 50
Q 3 - A man offers an article at lost 10%. Had he purchased it at 20% less, and sold it for rs. 55 more, he could have increased 40%. What is the expense cost of the articles?
Answer : C
Explanation
Let the C.P be Rs. x, then ,S.P = (90/100 *x) = Rs. 9x/10 New C.P = 80% of Rs. x =(80/100*x) = rs. 4x/5 New S.P = 140% of Rs. 4x/5 = (140/100*4x/5) = 28x/25 ∴ 28x/25 = 9x/10 +55 ⇒ 56x =45x+2750 ⇒ 11x= 2750 X= 250 ∴ C.P = Rs. 250
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 - At what percentage above the cost price must an article be marked so as to gain 33% after allowing a discount of 5%?
Answer : C
Explanation
Let CP = Re 100 Then, SP = Re 133 Let marked price, MP = Re x As per question, 95% of x = 133 or, (95/100)*x = 133 or, x = (133*100) /95 or, x = Re 140 ∴Marked price = 40% above cost price.
Q 6 - If the cost price is 80% of the selling price, then what is the profit percent?
Answer : A
Explanation
Let the SP be 100 => CP=80 Profit % =(100-80)/80 x100=25%
Q 7 - Nita mixes two assortments of tea-one costing Rs. 180 for each Kg and Another costing Rs. 200 for every Kg. in the proportion 5:3. On the off chance that she offers the mixed assortment at Rs. 210 for every kg, then her increase is:
Answer : C
Explanation
Let 5 kg of the cheaper be mixed with 3 kg of dealer. Then, C.P = Rs. (180*5 + 200*3) = 1500 Total S.P = rs. (210*8) = 1680 Rs. Gain% = (180/1500*100) % = 12%
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 - 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 - A retailer offers his clients 10% rebate and still makes a benefit of 26% . What is the genuine expense of an article for him checked Rs. 280?
Answer : B
Explanation
M.P = Rs.280 , S.P= rs. (90/100*280) = 252 S.P = Rs. 252, gain = 26% C.P.=Rs (100/126*252)=Rs 200.