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 - If a man were to offer his seat for Rs. 720, he would misfortune 25 %. To increase 25% he ought to offer it for:

A - 1200

B - 1000

C - 960

D - 900

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 - By offering 33m of fabric Rajesh picked up the expense cost of 11m. The increase percent is.

A - 10%

B - 20%

C - 25%

D - none of these

Answer : A

Explanation

Let the C.P be Rupee 1 per m.
(S.P of 33m) - (C.P of 33m) = gain =C.P of 11 m
C.P of 33 m = Rs. 33, S.P of 33m =C.P of 44m =Rs.44
Gain = Rs. (44-33) = Rs 11
∴ Gain % = (11/33*100) %= 100/3%

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 - If the maker additions 10%, the wholesale merchant 15% and the retailer 25%, then the expense of the generation of an article whose retail cost is rs. 1265, is:

A - 632.50 Rs.

B - 800 Rs.

C - 814 Rs.

D - 834.34 rs.

Answer : B

Explanation

Let the cost of production be rs. x. Then,
X* 110/100 *115/100 *125/100 =1265
⇒ X*11/10* 23/20*5/4= 1265
⇒ 11*23*5*x = 1265*800
⇒ x =1265*800/11*23*5 = 800
∴ cost of the production = Rs. 800

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?

A - Rs. 103.5

B - Rs. 101.5

C - Rs. 107

D - Rs. 115

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 - A vendor bought toffees at 8 for one rupee. How many for a rupee must he sell to gain 25%?

A - 16

B - 14

C - 12

D - 10

Answer : D

Explanation

C.P. of 8 toffees = Re. 1
S.P. of 8 toffees = 125% of Re. 1 = Rs 1.25=5/4
For Rs5/4 toffees sold = 8.
For Re. 1, toffees sold =8x( 5)/( 4)=10.

Q 7 - Nita mixes two assortments of tea-one costing Rs. 180 for each Kg and Another costing Rs. 200 for every Kg. in the proportion 5:3. On the off chance that she offers the mixed assortment at Rs. 210 for every kg, then her increase is:

A - 10%

B - 11%

C - 12%

D - 13%

Answer : C

Explanation

Let 5 kg of the cheaper be mixed with 3 kg of dealer.
Then, C.P = Rs. (180*5 + 200*3) = 1500
Total S.P = rs. (210*8)  = 1680 Rs.
Gain% = (180/1500*100) % = 12%

Q 8 - Which of the accompanying is the most reduced proportion?

A - 7:13

B - 17:25

C - 7:15

D - 15:23

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 couch set conveying a deal value ticket of rs. 5000 is sold at a rebate of 4%, accordingly increasing 20% .the merchants expense cost of the couch set is:

A - Rs. 3600

B - Rs. 3800

C - Rs. 4000

D - Rs. 4200

Answer : C

Explanation

M.P = Rs. 5000 and discount =4%
∴ S.P = 96% of Rs. 5000 = (96/100*5000) = Rs. 4800, gain=20%
∴  C.P = Rs. (100/120*4800)  = Rs. 4000.

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


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