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 - If a man were to offer his seat for Rs. 720, he would misfortune 25 %. To increase 25% he ought to offer it for:

A - 1200

B - 1000

C - 960

D - 900

Answer : A

Explanation

Let the C.P. be Rs x. Then, 75% of x=720.
∴ 75/100 * x = 720 ⇒ x = (720*4/3) =960.
Now, C.P. =Rs 960 and gain =25%.
∴ S.P. =Rs (125/100*960) =Rs 1200.

Q 2 - Ravi purchases some toffee at 2 for a rupee and offers them at 5 for a rupee. His misfortune percent is:

A - 120%

B - 90%

C - 60%

D - 25%

Answer : C

Explanation

Let the no. of toffees bought be (2*5)= 10
C.P of 10 toffees = (1/2*10) = 5
S.P of 10 toffees = (1/5 *10) = 2
Loss% = (3/5 *100) % = 60%

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:

A - 37.50

B - 40

C - 50

D - 150

Answer : C

Explanation

Let the C.P be RS. X. Then gain =X%
∴S.P = (100+x)/100 *x ⇒ (100+x) x/100 = 75
⇒ X2+100x-7500 =0
⇒ X2+150x-50 x-7500 =0
⇒ (x+150) (x-50) =0
⇒ x=50
∴ C.P = Rs. 50

Q 4 - Raman purchased a fountain at 9/10 of its stamped value and sold it at 8% more than its stamped cost. His increase percent is:

A - 8%

B - 10%

C - 18%

D - 20%

Answer : D

Explanation

Let the marked price of the geyser be Rs. x.
C.P = Rs. 9x/10 and S.P = 108% of Rs. x = Rs. (108/100*x) = 27X/25
Gain = (27x/25-9x/10) = (108x-90x /100)   = Rs. 9x/50
∴ Gain % = (9x/50 * 10/9x*100) % =20%

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 - One-fourth of a consignment was sold at a profit of 6% and the remainder at a loss of 1%. If the total profit was Rs.600, the value of the consignment (in rupees) was:

A - 55000

B - 60000

C - 70000

D - 80000

Answer : D

Explanation

Let the value of the consignment is Rs. X
1/( 4)x X x6% -  ( 3)/( 4) x X x1% = 600
X/( 4)x6/( 100) - 3X/( 4) x 1/( 100)=600
6X-3X=600x4x100=
X=80000

Q 7 - A deceptive businessperson professes to offer his merchandise at expense cost be that as it may, utilizes false weights and increases 100/9%. For a weight of 1kg he Employments.

A - a weight of 875 gm

B - a weight of 900 gm

C - a weight of 950 gm

D - none of these

Answer : B

Explanation

Short   Cut Method:
Let the error be x gms.   Then,
X/ (1000-x)*100= 100/9⇒x/1000-x=1/9
⇒ 9x=1000-x ⇒ 10x=1000 ⇒ x=100.
Weight used = (1000- 100) = 900 gm

Q 8 - The whole of three square of three no. which are in the proportion 2:3:4 is 725. What are three numbers?

A - 10 ,15, 20

B - 14, 21, 28

C - 20 ,15, 30

D - 20, 30, 40

Answer : A

Explanation

Let the numbers be 2x, 3x and 4x. Then,
      4x2 +9x2 +16x2 = 725  
=> 29x2  =725 
 x2 = 25 
=> x =5
      ∴ The numbers are 10, 15, 20 .

Q 9 - A merchant offers a markdown of 10% on the stamped cost of an article. What's more, still makes a benefit of 20% . In the event that its checked cost is Rs. 800, At that point the expense cost is:

A - Rs. 600

B - Rs. 700

C - Rs. 800

D - Rs. 900

Answer : A

Explanation

M.P  = rs. 800 and discount = 10%
∴ S.P  = Rs. (90/100*800)= 720, profit =20%
∴ C.P = Rs. (100/120*720) = 600

Q 10 - A vender permits a rebate of 5% on a watch. On the off chance that he permits a markdown of 7%, he acquires Rs. 15 less in the benefit. What is the checked cost?

A - 697.50 rs.

B - 712.50 rs.

C - 750 rs.

D - 817.50 rs.

Answer : C

Explanation

Let the m.p be rs .X ,then,
(95% of x)-  (93% of x)= 15%
⇒ (95/100*x)-(93/100*x) =15
⇒ (95x-93x)= 1500  ⇒2x= 1500 ⇒x= 750
∴ M.P = Rs. 750.


aptitude_profit_loss.htm

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