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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 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:
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 - A man sold two funnels at rs. 12 each. On one he increased 20% and on the other lost 20%. All in all he:
Answer : C
Explanation
S.P of one pipe = Rs.12 and gain% =20% C.P of the pipe = Rs. (100/120*12) = Rs. 10 S.P of another pipe= Rs. 12 and loss % =20% ∴ C.P of another pipe = rs. (100/80*12) =15 Total C.P = (10+15) =25 Total S.P = (12*2) =24 Loss = Rs. (25-24) =1
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:
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%?
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 - The profit earned after selling an article for Re 625 is the same as the loss incurred after selling the article for Re 435. What is the cost price of the article?
Answer : A
Explanation
Let profit = loss = Re x As per question, 625 ? x = 435 + x Or, 2x = 190 Or, x = Re 95 ∴ CP = Re (435 + 95) = Re 530
Q 6 - A vendor bought toffees at 8 for one rupee. How many for a rupee must he sell to gain 25%?
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:
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 - Three numbers A , B and C are in the proportion 1:2 :3. Their normal is 600. In the event that An is expanded by 10% and B is diminished by 20 %, then to get the normal expanded by 5%, C will be expanded by:
Answer : D
Explanation
Let A= x, B= 2x and C=3x, then,
(X+2x+3x)/3 =600
=> 6x =1800
=>x= 300
∴ the numbers are 300, 600, 900.
New average= 105% of 600 =(105/100*600)= 630.
Let 110% of 300+ 80% of 600 +y=630*3
=> (110/100*300) +(80/100*600)+y =1890
=> (330+480)+y= 1890
=> y=1890-810 =1080
Increase in C= (1080-900) =180.
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 vender permits a rebate of 5% on a watch. On the off chance that he permits a markdown of 7%, he acquires Rs. 15 less in the benefit. What is the checked cost?
Answer : C
Explanation
Let the m.p be rs .X ,then, (95% of x)- (93% of x)= 15% ⇒ (95/100*x)-(93/100*x) =15 ⇒ (95x-93x)= 1500 ⇒2x= 1500 ⇒x= 750 ∴ M.P = Rs. 750.