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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 - Ram purchased 1600 eggs at Rs. 3.75 for every dozen. He sold 900 of them at 2 for rupee 1 and the staying at 5 for Rs. 2. His increase percent is:
Answer : D
Explanation
C.P. = Rs (3.75/12*1600) = Rs (375/1200*1600)=Rs 500 S.P = Rs. (1/2*900) + (2/5*700) = Rs. (450 +280) =Rs. 730 Gain % = (230/500*100) % = 46%
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 - By offering 36 oranges, a merchant loses the offering cost of 4 oranges. His misfortune percent is:
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:
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 - Ruhina bought 20 apples for Rs.150 and sold them at the rate of 15 apples for Rs.150. What is the percentage of profit made by her?
Answer : C
Explanation
Her profit % =(S.P-C.P)/(C.P) x100=(200-150)/150 x100=33.33%
Q 6 - If books bought at prices ranging from Rs.150 to Rs.250 are sold at prices ranging from Rs.225 to Rs.325, what is the greatest possible profit that might be made in selling 6 books?
Answer : D
Explanation
Let us consider all the six books are bought at least cost 150 x 6 = 900 Selling at the highest price 325 x 6 = 1950 ∴ Profit = selling price ? cost price =1950 - 900 = 1050
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 - 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 merchant offers a markdown of 10% on the stamped cost of an article. What's more, still makes a benefit of 20% . In the event that its checked cost is Rs. 800, At that point the expense cost is:
Answer : A
Explanation
M.P = rs. 800 and discount = 10% ∴ S.P = Rs. (90/100*800)= 720, profit =20% ∴ C.P = Rs. (100/120*720) = 600
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.