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 book shop offers a book at an increase of 10%. On the off chance that he had purchased it at 4% less and sold it for Rs. 6 more, he would have picked up 75/4 %. The expense cost of the book is:

A - 130

B - 140

C - 150

D - 160

Answer : C

Explanation

Let the C.P. be Rs x.Then, S.P. =Rs (110/100 * x) =Rs 11x/10.
New C.P. = 96% of Rs x=Rs (96/100 * x) =Rs 24x/25.
New S.P. =Rs (11x/10+6).
∴ (11x/10+6) =475/4% of  24x/25⇒11x+60/10=475/400*24x/25=57x/50
⇒550x+3000=570x
⇒20x=3000⇒x=150.
∴ C.P. =Rs 150.

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 - A man offers an article for rs. 75 and picks up as much percent as the expense cost of the articles in rupees. The expense cost of the article is:

A - 37.50

B - 40

C - 50

D - 150

Answer : C

Explanation

Let the C.P be RS. X. Then gain =X%
∴S.P = (100+x)/100 *x ⇒ (100+x) x/100 = 75
⇒ X2+100x-7500 =0
⇒ X2+150x-50 x-7500 =0
⇒ (x+150) (x-50) =0
⇒ x=50
∴ C.P = Rs. 50

Q 4 - A broker purchases a few merchandise for Rs. 150. In the event that the overhead costs be 12% of expense value, then at what value should it is sold to acquire 10%?

A - Rs.184.80

B - Rs.185.80

C - Rs.187.80

D - Rs.188.80

Answer : A

Explanation

Total C.P =  Rs. (150+ 12% of 150) = rs .(150+ 12/100*150)=168
Gain = 10%   ⇒ S.P = rs.(110/100*168) = Rs. 184.80

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 - By selling 12 gloves at Rs. 360, there is a loss equal to the cost price of 4 gloves. The cost price of a glove is

A - Rs.32

B - Rs.36

C - Rs.45

D - Rs.40

Answer : C

Explanation

(C.P. of 12 glove) - (S.P. of 12 glove) = (C.P. of 4 glove)
C.P. of 8 glove = S.P. of 12 glove = Rs.360.
C.P. of 1 glove = 360/( 8)=Rs.45

Q 7 - A merchant sold his goods for Rs. 56 at a profit percent equal to C.P. The C.P is

A - Rs.40

B - Rs.42

C - Rs.44

D - Rs.46

Answer : A

Explanation

Let C.P. = Rs. X. Then
X+X% of X = 56
=>X+XxX/100=56
=>X=Rs.40

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 - The stamped cost of a shirt and trousers are in the proportion 1:2. The businessperson gives 40% markdown on the shirt. On the off chance that the aggregate markdown on both is 30%, the markdown offered on trousers is:

A - 15%

B - 20%

C - 25%

D - 30%

Answer : C

Explanation

Let The M.P Of shirt be Rs. x and that of trousers be rs. 2x.
Let y% be the discount on trousers. Then,
60/100*x+ (100-y)/100*2x=  70/100*(x+2x)
⇒3/5+(100-y)/50 = 21/10  ⇒ (100-y)/50  = (21/10-3/5)= 15/10=3/2
⇒  (100-y)= (3/5*50)= 75 ⇒ y=25
∴ discount on trousers = 25%

Q 10 - An article is recorded at Rs.900 and two progressive rebates of 8% furthermore, 8% are given on it. What amount would the merchant addition or misfortune, if he gives a solitary rebate of 16%, rather than two markdowns?

A - Gain rs. 4.76

B - misfortune rs.5.76

C - pick up Rs. 5.76

D - misfortune, rs 4.76

Answer : B

Explanation

S.P in 1st case = 92% of 92% of rs. 900 = (92/100*92/100*900)

= 761.76
S.P in 2nd case = 84% 0f rs. 900 = (84/100*900) = 756
Loss = Rs. 5.76


aptitude_profit_loss.htm

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