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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 - A man offers his at 5% misfortune. On the off chance that he offers it for Rs. 80 more, He picks up 5%. The expense cost of the is:
Answer : D
Explanation
Let the C.P. be Rs x.Then, (105/100 * x)- (95/100 * x)=80⇒21x/20-19x/20=80 ⇒ (21x-19x) =1600⇒ 2x=1600⇒ x=800 ∴C.P. Rs 800.
Q 2 - A fruit seller purchases lemons at 2 for a rupee and offers them at 5 for 3 rupees. His increase % is:
Answer : C
Explanation
Let the no. of lemons be bought(2*5) =10 C.P = (1/2*10) = 5, S.P= (3/5*10) = 6 Gain % = (1/5*100) % =20%
Q 3 - On offering an article for Rs. 19.5, a man increases 30%. So as to increase 40%, what will be increment in its offering cost?
Answer : C
Explanation
S.P = Rs. 19.50 , Gain =30% ∴ C.P = (100/130*19.50) = 15 Now, C.P = Rs. 15, gain = 40% New S.P= (140/100*15) =21 Increase = Rs. (21-19.50) = Rs. 1.50
Q 4 - A machine was sold at an addition of 10%. Had it been sold at Rs. 80 less, the merchant would have lost 10%. What is the expense cost of the machine?
Answer : B
Explanation
Let the C.P be Rs. x. Then , S.P = (110/100*x) =11x/10 New S.P = (90/100*x) = Rs. 9x/10 11x/10 -9x/10 =80 ⇒ (11x-9x) =800 2x= 800 ⇒ x=400 ∴ C. P= 400
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 - By selling an article for Rs.8.5 a dealer makes a profit of 20% by how much should he increase his selling price so as to make a profit of 30%?
Answer : A
Explanation
Assume cost = 100 ; Assume cost = 100 Profit =20 = 120 ; Profit= 30 = 130 =? 120 = 24 130 =? 130x24/( 120)=28 Increase in Selling price = 28-24=4
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 - Rs. 355 were separated among A, B,C in a manner that A had Rs. 20 more than B and C had Rs.15 all the more than A . What amount was C offer?
Answer : C
Explanation
Suppose B gets Rs. X. Then, A gets Rs. (x+20) and C gets Rs. (x+35) ∴ x+20+x+x+35= 355 => 3x=300 =>x=100 ∴ C share= (100+35) =135.
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 - A retailer offers his clients 10% rebate and still makes a benefit of 26% . What is the genuine expense of an article for him checked Rs. 280?
Answer : B
Explanation
M.P = Rs.280 , S.P= rs. (90/100*280) = 252 S.P = Rs. 252, gain = 26% C.P.=Rs (100/126*252)=Rs 200.