# 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 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:

### 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 - Mohan purchased 20 feasting tables for rs. 12000 and sold them at a benefit equivalent to the offering cost of 4 eating tables. The offering cost of every eating table is:

### Answer : B

### Explanation

C.P of each table = rs. (12000/20) = rs. 600 (S.P of 20 tables)- (C.P of 20% table) = profit = S.P of 4 tables ⇒S.P of 16 tables = C.P of 20 tables= 1200 ⇒ S.P of 1 table = (12000/16) = R.s 750

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:

### 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 - A man sold two steel seats for Rs. 500 each. On one, he increases 20% also, on the other, he loses 12%. The amount of does he pick up or misfortune in the entire exchange?

### Answer : C

### Explanation

S.P of two chairs = (500*2) =1000 C.P of these chairs = [(100/120*500) + (100/88*500)] = (1250/3 +6250/11) = 32500/33 Gain = (1000-32500/33) =Rs. 500/33 ⇒ Gain % = (500/33*33/32500*100) % = 1.5% loss

Q 5 - When a producer allows 36% commission on the retail price of his product, he earns a profit of 8.80%. What would be his profit percent, if the commission is reduced by 24%?

### Answer : D

### Explanation

Let retail price = Re 100. Then Commission = Re 36. ∴ SP = (Re100 ? Re 36) = Re 64 Profit% = 8.80% CP = 64*(100/108.8) = Re 1000/17 New commission = Re 12. New SP = (100 - 12) = Re 88 Gain = (88 ? 1000/17) = Re 496/17 ∴% Gain = (496/17)*17/1000)*100% =49.6%

Q 6 - If books bought at prices ranging from Rs.150 to Rs.250 are sold at prices ranging from Rs.225 to Rs.325, what is the greatest possible profit that might be made in selling 6 books?

### Answer : D

### Explanation

Let us consider all the six books are bought at least cost 150 x 6 = 900 Selling at the highest price 325 x 6 = 1950 ∴ Profit = selling price ? cost price =1950 - 900 = 1050

Q 7 - Toffees are bought at the rate of 5 for a rupee. To gain 25% they must be sold at?

### Answer : C

### Explanation

Let 5 toffees cost price is Re.1 i.e. 1 toffee cost price is 1/5 i.e., 1/5 + 1/5 x 25% = X 1/5+1/5 x 25/100=X =>X=1/4 => 4 Toffees for Re. 1

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 - A broker denotes his merchandise at such a cost, to the point that he can deduct 15% for money but makes 20% benefit. The stamped cost of a thing which cost him Rs 90 is:

### Answer : C

### Explanation

C.P = RS. 90, Gain =20% ∴ S.P = (120/100*90) = Rs.108 Let the M.P be Rs. x then, 85% of x = 108. ∴ 85/100*x =108 ⇒x=(108*100/85) = 2160/17.∴ M.P = 2160/17

Q 10 - A organization offers three sorts of progressive rebates. First: 25%, Furthermore, 15%, second: 30% and 10%, third: 35% and 5%. Which offer is better for a client?

### Answer : C

### Explanation

Let the M.P be Rs. 100. 1st payment = 75% of 85% of rs. 100 = rs. (75/100*85/100*100)= 255/4 =rs. 63.75 2nd payment = 70% of 90% of Rs. 100 = Rs. (70/100*90/100*100)= 63 3rd payment = 65% of 95% of Rs. 100 = (65/100 *95/100*100) =61.75 Clearly , 3rd payment is better