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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 dealer has 1000 kg of sugar, a portion of which he offers he offers at 8 % benefit and the rest at 18% benefit. He increases 14% all in all. The amount sold at 18% benefit is:
Answer : B
Explanation
Suppose he bought it at Rs. x per kg, then C.P =Rs.1000x
Let the sugar sold at 8% gain be y kg.
Then, sugar sold at 18% gain = (1000-Y) kg
∴ (108/100 *xy) + (118/100*x {1000-Y}) = 114/100*1000x
⇒27y/25 + 59(1000-y)/50 = 1140
⇒ 54y+59(1000-y) =57000
⇒5y =2000 = y= 400
Quantity sold at 18% gain = (1000-400) kg =600 kg
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 - In the event that offering cost is multiplied, the benefit triples. The benefit percent is:
Answer : B
Explanation
Let C.P is Rs. x and S.P be Rs. y. Then, profit = Rs. (y-x) Again, S.P = Rs. 2y and profit = Rs. (y-x) C.P = (S.P) ? (profit) = rs. 3(y-x) C.P = (S.P) - (profit) = 2y-3(y-x) = 3x-y ∴ 3x-y= x ⇒ y= 2x ⇒ Profit%= (x/x*100) % = 100%
Q 4 - A man sold a watch to B at 20% increase and B sold it to C at lost 10%. On the off chance that C purchased the look for Rs. 216, at what cost did a buy it?
Answer : A
Explanation
Suppose A purchased it for Rs. x. then , X*120/100*90/100 = 216 ⇒ 108x = 21600 ⇒ x = 200 ∴ A purchased it for Rs. 200
Q 5 - The profit earned after selling an article for Re 625 is the same as the loss incurred after selling the article for Re 435. What is the cost price of the article?
Answer : A
Explanation
Let profit = loss = Re x As per question, 625 ? x = 435 + x Or, 2x = 190 Or, x = Re 95 ∴ CP = Re (435 + 95) = Re 530
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:
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 - 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 - Three numbers A , B and C are in the proportion 1:2 :3. Their normal is 600. In the event that An is expanded by 10% and B is diminished by 20 %, then to get the normal expanded by 5%, C will be expanded by:
Answer : D
Explanation
Let A= x, B= 2x and C=3x, then,
(X+2x+3x)/3 =600
=> 6x =1800
=>x= 300
∴ the numbers are 300, 600, 900.
New average= 105% of 600 =(105/100*600)= 630.
Let 110% of 300+ 80% of 600 +y=630*3
=> (110/100*300) +(80/100*600)+y =1890
=> (330+480)+y= 1890
=> y=1890-810 =1080
Increase in C= (1080-900) =180.
Q 9 - A businessperson denotes his merchandise to gain35%. In any case, he permits 10% markdown for money installment. His benefit percent is:
Answer : B
Explanation
Let the C.P be Rs.100. Then, M.p= rs. 135 S.P = 90% of rs. 135= Rs. (90/100*135)= rs. 121.50 Profit% = (121.50-100)% =21.50% =43/2%
Q 10 - A organization offers three sorts of progressive rebates. First: 25%, Furthermore, 15%, second: 30% and 10%, third: 35% and 5%. Which offer is better for a client?
Answer : C
Explanation
Let the M.P be Rs. 100. 1st payment = 75% of 85% of rs. 100 = rs. (75/100*85/100*100)= 255/4 =rs. 63.75 2nd payment = 70% of 90% of Rs. 100 = Rs. (70/100*90/100*100)= 63 3rd payment = 65% of 95% of Rs. 100 = (65/100 *95/100*100) =61.75 Clearly , 3rd payment is better