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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 - If a man were to offer his seat for Rs. 720, he would misfortune 25 %. To increase 25% he ought to offer it for:
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 - 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 - 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:
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 - 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 - By selling a Book for Rs.20, a man loses one eleventh of what it costs him. The cost of the Book is
Answer : A
Explanation
Let us assume cost price is X i.e., X - 20 = ( 1)/11 X =>X=22
Q 6 - When a plot is sold for Rs. 33,300, the owner loses 10%. At what price must that plot be sold in order to gain 10%?
Answer : B
Explanation
Let X be the selling price 90: 33300 = 110: X =>X=33300x110/( 90)=40700
Q 7 - Profit after selling a commodity for Rs. 650 is same loss after selling it for Rs. 550.Its cost is
Answer : C
Explanation
Let C.P. =X 650-X=X-550 =>2X=1200 =>X=600
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 - 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:
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 - The stamped cost of an electric iron is Rs. 690. The businessperson permits a markdown of 10% and additions 8%. In the event that no rebate is permitted, his addition percent would be:
Answer : A
Explanation
M.P = Rs. 690 and discount= 10% ∴ S.P = 90% of 690 = Rs. (90/100*690)= 621 Rs. Now, S.P = Rs. 621 and gain% = 8% ∴ C.P = (100/108*621) = 575 rs. Now , C.P = Rs. 575 , S.P = 690 ∴ Gain%= (115/575*100) % = 20%