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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 - By offering a seat for Rs. 572, a man increases 30%. The expense cost of the Chair is:
Answer : C
Explanation
Let the C.P. be Rs x.Then, S.P. =130% of Rs x. ∴ 130/100*x=572 ⇒x= (572*10/13) =440. ∴ C.P. =Rs 440.
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 12.5% misfortune. Had he sold it for Rs. 103.60 more, he could have picked up 6%. What is the C.P of the articles?
Answer : D
Explanation
Let the C.P be Rs. x. Then , (106/100 *x) - (87.5/100*x) =103.60 ⇒ 106x- 87.5x= 103.60 ⇒ 18.5x =10360, x= 103600/185 = 560 ∴ C.P= Rs. 560
Q 4 - Raman purchased a fountain at 9/10 of its stamped value and sold it at 8% more than its stamped cost. His increase percent is:
Answer : D
Explanation
Let the marked price of the geyser be Rs. x. C.P = Rs. 9x/10 and S.P = 108% of Rs. x = Rs. (108/100*x) = 27X/25 Gain = (27x/25-9x/10) = (108x-90x /100) = Rs. 9x/50 ∴ Gain % = (9x/50 * 10/9x*100) % =20%
Q 5 - At what percentage above the cost price must an article be marked so as to gain 33% after allowing a discount of 5%?
Answer : C
Explanation
Let CP = Re 100 Then, SP = Re 133 Let marked price, MP = Re x As per question, 95% of x = 133 or, (95/100)*x = 133 or, x = (133*100) /95 or, x = Re 140 ∴Marked price = 40% above cost price.
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 - Which of the accompanying is the most reduced proportion?
Answer : C
Explanation
7/13 =0.538, 17/25 =0.68, 7/15= 0.466, 15/23 =0.652 Clearly, 7/15 is the smallest.
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 rebate arrangement of P% and Q% on a receipt is the same as a Single rebate of:
Answer : D
Explanation
Let M.P be rs. 100. Then,
S.P = (100-p)% of (100-q)% of Rs. 100
= { (100-p)/100 * (100-q)/100*100}
= rs. [100-p) (100-q)]/100
Single discount = {100- (100-p) (100-q)/100}%
= [10000- (10000-100q-100p+pq)/100]%
= 100q+100p-pq/100
= {(p+q)-pq/100}%