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 - On offering an article for Rs. 48, one loses 20%. With a specific end goal to pick up 20%, what might be the offering cost?

A - 52

B - 56

C - 68

D - 72

Answer : D

Explanation

Let the C.P be Rs. x. Then,
80% of x = 48 ⇒ 80/100 *x =48
⇒ x= (48*100/80) = 60
C.P = Rs. 60 and gain =20%
∴ S.P=   Rs. (120/100*60) = Rs. 72

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 merchant purchased toffee at 6 for a rupee. What number of for a rupee must he offer to increase 20%?

A - 3

B - 4

C - 5

D - none of these

Answer : C

Explanation

Suppose be by 6 toffee. Then ,
C.P. = Re 1 and S.P = (120/100*1)= Rs.6/5
Rs. 6/5 is S.P of 6 toffees.
Rs.1 S.P of (6/5*6) = 5 toffees.

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:

A - 20%loss

B - 20% addition

C - 25/5% picks up

D - none of these

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?

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 - 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?

A - 650

B - 750

C - 900

D - 1050

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 - A merchant sold his goods for Rs. 56 at a profit percent equal to C.P. The C.P is

A - Rs.40

B - Rs.42

C - Rs.44

D - Rs.46

Answer : A

Explanation

Let C.P. = Rs. X. Then
X+X% of X = 56
=>X+XxX/100=56
=>X=Rs.40

Q 8 - Three no. are in the proportion 3:4:5. The total of the biggest and the littlest measures up to the third's entirety and 52. The littlest no. is?

A - 20

B - 27

C - 39

D - 52

Answer : C

Explanation

Let the numbers be 3x, 4x and 5x.
(5x+3x) = 4x+52  
=>  4x =52 
=>  x=13
  Smallest no. = (3*13) = 39

Q 9 - A single markdown identical to progressive rebates of 30%, 20% what's more, 10% is:

A - Half

B - 51%

C - 49.4%

D - 49.6%

Answer : D

Explanation

Let C.P be Rs. 100. Then ,
S.P =90% of 80% of  70% 0f  Rs. 100
= (90/100*80/100*70/100*100)= Rs. 50.40
∴ single discount = (100-50.40 )% =49.6%

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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