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

### 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 100 penciled, a businessperson picks up the offering cost of 20 Pencils. His addition percent is:

### Answer : A

### Explanation

Let the C.P of each pencil be rupee.1 (S.P of 100 pencils) - (C.P of 100 pencils) = gain= S.P of 20 pencil ⇒ S.P of 80 pencils= C.P of 100 pencils= 100 ∴ C.P Of 80 pencils = Rs. 80 and S.P= 100 Rs. Gain % = (20/80 *100) = 25%

Q 3 - On offering an article at a sure value, a man increases 10%. On offering the same articles at twofold value, pick up percent is:

### Answer : C

### Explanation

Let the First S.P be Rs. x, gain%= 10% ∴ C.P = (100/110*X) = Rs. 10x/11, new S.P = Rs. 2x Gain = Rs. (2x-10X/11) = Rs. 12x/11 Gain% = (12x/11 *11/10x*100) % = 120%

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

### Answer : D

### Explanation

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

Q 6 - A shopkeeper expects a gain of 17.5% on his cost price. If in a week, his sale was of Rs. 235, what was his profit?

### Answer : A

### Explanation

C.P. = Rs 100/( 117.5) x 235=Rs.200 Profit = 235-200=Rs. 35

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 - if the wage of A is 10% more than that of B and the wage of B is 20 % not as much as that of C, than the pay of A,B, C are in the proportion.

### Answer : B

**Explanation**

Let C income be Rs 100. Then, B income=Rs 80. A income=(110% of Rs 80)=Rs(110/100*80)=Rs 88. ∴A:B:C=88:80:100=22:20:25.

Q 9 - Progressive markdown of 10% and 20% are identical to a solitary markdown of:

### Answer : B

### Explanation

Let C.P. be Rs 100. Then, S.P.=90% of 80% of Rs 100=Rs(90/100*80/100*100)=Rs 72. ∴ Single discount = (100-72)% =28%

Q 10 - On a Rs. 10000 installment arrange a man has decision between three progressive rebates of 10%, 10% and 30% and three progressive rebates of 40%, 5% and 5%. By picking the better one, he can spare:

### Answer : B

### Explanation

1st payment= 90% 0f 90% of 70% of rs. 10000 = rs. (90/100*90/100* 70/100*10000) =5670 2nd. Payment = 60% of 95% of 95% of 10000. = (60/100*95/100*95/100*10000)= 5415 By choosing the better one he can save rs . (5670-5415) = 255