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 - Raghavan purchased a bike at 13/15 of its checked value and sold it at 12% more than the checked cost. His addition % is:

A - 20%

B - 30%

C - 380/13%

D - half

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 - By offering 36 oranges, a merchant loses the offering cost of 4 oranges. His misfortune percent is:

A - 25/2%

B - 100/9%

C - 10%

D - none of these

Answer : C

Explanation

(C.P. of 36 oranges)-(s.p of 36 oranges)= loss=S.P of 4 oranges
⇒C.P of 36 oranges = S.P of 40 oranges.
Let the C.P of each be Re 1.
C.P of 40 oranges = Rs. 40, S.P of 40 oranges =36
Loss % = (4/40*100) % =10%

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 - A salesman is allowed 11/2% discount on the total sales made by him plus a bonus of 1/2% on sales over Re 10000. If his total earnings were Re 1990, his total sales was:

A - 30000

B - 32000

C - 35000

D - 34000

Answer : D

Explanation

Let the salesman?s total sales = Re (10000 + x)
According to the question,
10000 * 11/2% + x*6% = 1990
Or, 5000*11% + 6x% = 1990
Or 5000*11/100 + 6x/100 = 1990
Or, 550 + 6x/100 = 1990
Or, 55000 + 6x = 199000
Or, 6x = 199000 ? 55000
Or, 6x = 144000
Or, x = 144000/6 = 24000

∴The required sales = Re (1000 + 24000) = Re 34000

Q 6 - Farhan purchased a house for Rs.80000 and a site for Rs.10000 respectively, if he sold the house for Rs.86000 and the site for Rs.14000, then find the resultant percentage of gain?

A - 1.05%

B - 1.07%

C - 1.09%

D - 1.11%

Answer : D

Explanation

Total CP = 90000 & total SP = 100000
=> Gain = SP/CP = 100000/90000 =1.111 =1.11%

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

A - 15%

B - 28%

C - 30%

D - none of these

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:

A - Rs. 200

B - Rs. 255

C - Rs. 400

D - Rs. 433

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

aptitude_profit_loss.htm
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