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 - Amit sold an umbrella for Rs. 680, losing 15%. The expense cost of the umbrella is:
Answer : B
Explanation
Let the C.P. be Rs x =Then, S.P. = 85% of Rs x. ∴ 85/100 * x =680 ⇒ x = (680*20/17) =800. ∴ C.P. =Rs 800.
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 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 shipper has 1000kg of sugar, a portion of which he offers at 8% benefit what's more, and the rest at 18% benefit. He increases 14% in general. The amount sold at 18% benefit is:
Answer : B
Explanation
Let the sugar sold at *5 gain be x kg. Then, sugar sold at 18% gain = (1000-x) kg Let the C.P Of sugar be Rs. Y per Kg. Total C.P = Rs.(1000y) (108/100*xy)+ 118/100 (1000-x)y = 114/100 *1000y ⇒108xy + 118000y -118xy = 114000y ⇒ 10x =4000 ⇒ x= 400 Quantity sold at 18% gain= (1000-400) = 600 kg
Q 5 - A company offers three types of successive discounts: i) 25% and 15%, ii) 30% and 10%, iii)35% and 5%. Which offer is the best for the customer?
Answer : C
Explanation
First Type = [25 + 15 ? (25*15)/100]% = 36.25% Second type = [30 + 10 ? (30*10)/100]% = 37% Third Type = [35 + 5 ? (35*5)/100]% = 38.25% Hence third offer is best for the customer.
Q 6 - By selling 12 gloves at Rs. 360, there is a loss equal to the cost price of 4 gloves. The cost price of a glove is
Answer : C
Explanation
(C.P. of 12 glove) - (S.P. of 12 glove) = (C.P. of 4 glove) C.P. of 8 glove = S.P. of 12 glove = Rs.360. C.P. of 1 glove = 360/( 8)=Rs.45
Q 7 - Toffees are bought at the rate of 5 for a rupee. To gain 25% they must be sold at?
Answer : C
Explanation
Let 5 toffees cost price is Re.1 i.e. 1 toffee cost price is 1/5 i.e., 1/5 + 1/5 x 25% = X 1/5+1/5 x 25/100=X =>X=1/4 => 4 Toffees for Re. 1
Q 8 - If a surpasses B by 40 % and B is not as much as C by 20 %, then A:C =?
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 - A couch set conveying a deal value ticket of rs. 5000 is sold at a rebate of 4%, accordingly increasing 20% .the merchants expense cost of the couch set is:
Answer : C
Explanation
M.P = Rs. 5000 and discount =4% ∴ S.P = 96% of Rs. 5000 = (96/100*5000) = Rs. 4800, gain=20% ∴ C.P = Rs. (100/120*4800) = Rs. 4000.
Q 10 - Arun purchased a T.V set at 20% markdown. On the off chance that he gets a rebate of 25%, he spares Rs 1800. For the amount of does he buy the T.V.set?
Answer : C
Explanation
Let the M.P be Rs. x. (80%of x)- (75% of x) =1800 ⇒ (80/100*x)- (75/100*x) =1800 ⇒ 4x/5 -3x/4 =1800 ⇒ (16x-15x)=36000 ⇒ x=36000 ∴ C.P = 80% of rs. 36000 = (80/100*36000)= 28800
