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 - A man sold an article at lost 20%. On the off chance that he offers the article for Rs. 12 more, he would have increased 10%. The expense cost of the article is:

A - 60

B - 40

C - 30

D - 22

Answer : B

Explanation

Let the C.P be Rs. x. Then,
(110/100*x)-  (80/100*x)= 12
⇒ 11x/10 - 4x/5 = 12
⇒ (11x-8x) =120 ⇒ 3x= 120 ⇒ x=40
∴ C.P. = Rs. 40

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:

A - 700

B - 750

C - 725

D - 775

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 - The expense cost of two dozen bananas is Rs. 32. In the wake of offering 18 Bananas at Rs. 12 for every dozen, the businessperson lessened the rate as Rs. 4 for every dozen. The misfortune percent is:

A - 25.2%

B - 32.4%

C - 36.5%

D - 37.5%

Answer : D

Explanation

C.P = Rs. 22
S.P =   (3/2*12) + (6/12*4)= (18+2) =20
Loss% = (12/32*100) % = 75/2%= 37.5

Q 4 - A man sold two steel seats for Rs. 500 each. On one, he increases 20% also, on the other, he loses 12%. The amount of does he pick up or misfortune in the entire exchange?

A - 1.5% pick up

B - 2% pick up

C - 1.5% lose

D - 2% misfortune

Answer : C

Explanation

S.P of two chairs = (500*2) =1000
C.P of these chairs = [(100/120*500) + (100/88*500)]
= (1250/3 +6250/11) = 32500/33
Gain = (1000-32500/33) =Rs. 500/33
⇒ Gain % = (500/33*33/32500*100) % = 1.5% loss

Q 5 - When a producer allows 36% commission on the retail price of his product, he earns a profit of 8.80%. What would be his profit percent, if the commission is reduced by 24%?

A - 48.9%

B - 49.5%

C - 45.8%

D - 49.6%

Answer : D

Explanation

Let retail price = Re 100. Then Commission = Re 36.
∴ SP = (Re100 ? Re 36) = Re 64
Profit% = 8.80%

CP = 64*(100/108.8)
= Re 1000/17

New commission = Re 12. New SP = (100 - 12) = Re 88
Gain = (88 ? 1000/17) = Re 496/17

∴% Gain = (496/17)*17/1000)*100%
=49.6%

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 - Toffees are bought at the rate of 5 for a rupee. To gain 25% they must be sold at?

A - 4 Toffees for Rs. 2

B - 3 Toffees for Re. 1

C - 4 Toffees for Re. 1

D - 4 Toffees for Rs. 1.5

Answer : C

Explanation

Let 5 toffees cost price is Re.1
i.e. 1 toffee cost price is 1/5
i.e., 1/5 + 1/5 x 25% = X
1/5+1/5 x 25/100=X
=>X=1/4
=> 4 Toffees for Re. 1

Q 8 - If a surpasses B by 40 % and B is not as much as C by 20 %, then A:C =?

A - 3:1

B - 3:2

C - 26:25

D - 28:25

Answer : D

Explanation

B= 80% of C= 80/100*C= 4c/5 and 
A= 140% of B=(140b/100) =7B/5
 A= 7b/5= 7/5*4C/5 =28C/25
=>A/C =28/25
 ∴ A: C = 28:25

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 - 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?

A - First

B - second

C - third

D - all are similarly great

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


aptitude_profit_loss.htm

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