# 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 - 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 - 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 - 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:

### 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?

### 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

### 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:

### 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.

### 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:

### 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?

### 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