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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 man offers his at 5% misfortune. On the off chance that he offers it for Rs. 80 more, He picks up 5%. The expense cost of the is:
Answer : D
Explanation
Let the C.P. be Rs x.Then, (105/100 * x)- (95/100 * x)=80⇒21x/20-19x/20=80 ⇒ (21x-19x) =1600⇒ 2x=1600⇒ x=800 ∴C.P. Rs 800.
Q 2 - Raghavan purchased a bike at 13/15 of its checked value and sold it at 12% more than the checked cost. His addition % is:
Answer : A
Explanation
Let M.P be Rs. x. Then, C.P = Rs. 13x/15 S.P = (112% of x) = (112/100*x) =Rs. 28X/25 Gain = Rs. (28x/25-13x/15) = (84x-65x)/75 = Rs. 19x/75 Gain % = (19x/75 *15/13x*100) % = 380/13%
Q 3 - A man offers an article at lost 10%. Had he purchased it at 20% less, and sold it for rs. 55 more, he could have increased 40%. What is the expense cost of the articles?
Answer : C
Explanation
Let the C.P be Rs. x, then ,S.P = (90/100 *x) = Rs. 9x/10 New C.P = 80% of Rs. x =(80/100*x) = rs. 4x/5 New S.P = 140% of Rs. 4x/5 = (140/100*4x/5) = 28x/25 ∴ 28x/25 = 9x/10 +55 ⇒ 56x =45x+2750 ⇒ 11x= 2750 X= 250 ∴ C.P = Rs. 250
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?
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 - By selling a Book for Rs.20, a man loses one eleventh of what it costs him. The cost of the Book is
Answer : A
Explanation
Let us assume cost price is X i.e., X - 20 = ( 1)/11 X =>X=22
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
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 deceptive businessperson professes to offer his merchandise at expense cost be that as it may, utilizes false weights and increases 100/9%. For a weight of 1kg he Employments.
Answer : B
Explanation
Short Cut Method: Let the error be x gms. Then, X/ (1000-x)*100= 100/9⇒x/1000-x=1/9 ⇒ 9x=1000-x ⇒ 10x=1000 ⇒ x=100. Weight used = (1000- 100) = 900 gm
Q 8 - The proportion of first and worthless train passages between two stations is 3:1 and that of the no. of traveler going between two these by first and inferior 1:50 . in the event that on a specific day rs.1325 be gathered from the travelers going between these stations, then the sum gathered from useless travelers is:
Answer : A
Explanation
Ratio of the amounts collected form 1stand 2nd class fares
=(3*1:1*50)=3:50.
Amount collected from 2nd class passengers=Rs (1325*50/53) = Rs 1250.
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:
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 retailer offers his clients 10% rebate and still makes a benefit of 26% . What is the genuine expense of an article for him checked Rs. 280?
Answer : B
Explanation
M.P = Rs.280 , S.P= rs. (90/100*280) = 252 S.P = Rs. 252, gain = 26% C.P.=Rs (100/126*252)=Rs 200.