Aptitude - Profit & Loss Online Quiz


Advertisements


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 - Amit sold an umbrella for Rs. 680, losing 15%. The expense cost of the umbrella is:

A - Rs. 782

B - Rs. 800

C - Rs. 578

D - none of these

Answer : B

Explanation

Let the C.P. be Rs x =Then, S.P. = 85% of Rs x.
∴ 85/100 * x =680 ⇒ x = (680*20/17) =800.
∴ C.P. =Rs 800.

Q 2 - Oranges are purchased at 5 for rs. 10 and sold at 6 for rs. 15. His increase percent is:

A - Half

B - 40%

C - 35%

D - 25%

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 - By offering 36 oranges, a merchant loses the offering cost of 4 oranges. His misfortune percent is:

A - 25/2%

B - 100/9%

C - 10%

D - none of these

Answer : C

Explanation

(C.P. of 36 oranges)-(s.p of 36 oranges)= loss=S.P of 4 oranges
⇒C.P of 36 oranges = S.P of 40 oranges.
Let the C.P of each be Re 1.
C.P of 40 oranges = Rs. 40, S.P of 40 oranges =36
Loss % = (4/40*100) % =10%

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?

A - 350

B - 400

C - 450

D - 520

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 - A person incurs 10% loss by selling a refrigerator for Rs 5400. At what price should the refrigerator be sold to earn 10% profit?

A - 5700

B - 6000

C - 6300

D - 6600

Answer : D

Explanation

SP=5400 X  (110)/90=6600.

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%?

A - 41000

B - 40700

C - 41350

D - 41700

Answer : B

Explanation

Let X be the selling price
90: 33300 = 110: X
=>X=33300x110/( 90)=40700

Q 7 - Siddiq buys an old scooter for Rs. 5200 and spends Rs. 1200 on its repairs. If he sells the scooter for Rs. 6000, his gain/loss percent is

A - 6%

B - 6.25%

C - 6.5%

D - 6.75%

Answer : B

Explanation

Cost Price (C.P.) = Rs. (5200 + 1200) = Rs. 6400.
Selling Price (S.P.) = Rs. 6000.
Loss = (C.P.) - (S.P.) = Rs. (6400 - 6000) = Rs. 400.
Loss =(C.P-S.P)/(C.P) x100=400/6400x100=6.25%

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 broker denotes his merchandise at such a cost, to the point that he can deduct 15% for money but makes 20% benefit. The stamped cost of a thing which cost him Rs 90 is:

A - Rs 1996/21

B - Rs 2554/45

C - Rs 2160/17

D - 1766/13

Answer : C

Explanation

C.P = RS. 90, Gain =20%
∴  S.P = (120/100*90) = Rs.108
Let the M.P be Rs. x then, 85% of x = 108.
∴  85/100*x =108  ⇒x=(108*100/85)
= 2160/17.∴  M.P = 2160/17

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:

A - 20%

B - 24%

C - 25%

D - 28%

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%


aptitude_profit_loss.htm

Advertisements