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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 - By offering 100 penciled, a businessperson picks up the offering cost of 20 Pencils. His addition percent is:
Answer : A
Explanation
Let the C.P of each pencil be rupee.1 (S.P of 100 pencils) - (C.P of 100 pencils) = gain= S.P of 20 pencil ⇒ S.P of 80 pencils= C.P of 100 pencils= 100 ∴ C.P Of 80 pencils = Rs. 80 and S.P= 100 Rs. Gain % = (20/80 *100) = 25%
Q 3 - On offering an article for Rs. 19.5, a man increases 30%. So as to increase 40%, what will be increment in its offering cost?
Answer : C
Explanation
S.P = Rs. 19.50 , Gain =30% ∴ C.P = (100/130*19.50) = 15 Now, C.P = Rs. 15, gain = 40% New S.P= (140/100*15) =21 Increase = Rs. (21-19.50) = Rs. 1.50
Q 4 - A machine was sold at an addition of 10%. Had it been sold at Rs. 80 less, the merchant would have lost 10%. What is the expense cost of the machine?
Answer : B
Explanation
Let the C.P be Rs. x. Then , S.P = (110/100*x) =11x/10 New S.P = (90/100*x) = Rs. 9x/10 11x/10 -9x/10 =80 ⇒ (11x-9x) =800 2x= 800 ⇒ x=400 ∴ C. P= 400
Q 5 - By selling a Book for Rs.20, a man loses one eleventh of what it costs him. The cost of the Book is
Answer : A
Explanation
Let us assume cost price is X i.e., X - 20 = ( 1)/11 X =>X=22
Q 6 - By selling an article for Rs.8.5 a dealer makes a profit of 20% by how much should he increase his selling price so as to make a profit of 30%?
Answer : A
Explanation
Assume cost = 100 ; Assume cost = 100 Profit =20 = 120 ; Profit= 30 = 130 =? 120 = 24 130 =? 130x24/( 120)=28 Increase in Selling price = 28-24=4
Q 7 - A deceptive businessperson professes to offer his merchandise at expense cost be that as it may, utilizes false weights and increases 100/9%. For a weight of 1kg he Employments.
Answer : B
Explanation
Short Cut Method: Let the error be x gms. Then, X/ (1000-x)*100= 100/9⇒x/1000-x=1/9 ⇒ 9x=1000-x ⇒ 10x=1000 ⇒ x=100. Weight used = (1000- 100) = 900 gm
Q 8 - if the wage of A is 10% more than that of B and the wage of B is 20 % not as much as that of C, than the pay of A,B, C are in the proportion.
Answer : B
Explanation
Let C income be Rs 100. Then, B income=Rs 80. A income=(110% of Rs 80)=Rs(110/100*80)=Rs 88. ∴A:B:C=88:80:100=22:20:25.
Q 9 - The stamped cost of a shirt and trousers are in the proportion 1:2. The businessperson gives 40% markdown on the shirt. On the off chance that the aggregate markdown on both is 30%, the markdown offered on trousers is:
Answer : C
Explanation
Let The M.P Of shirt be Rs. x and that of trousers be rs. 2x. Let y% be the discount on trousers. Then, 60/100*x+ (100-y)/100*2x= 70/100*(x+2x) ⇒3/5+(100-y)/50 = 21/10 ⇒ (100-y)/50 = (21/10-3/5)= 15/10=3/2 ⇒ (100-y)= (3/5*50)= 75 ⇒ y=25 ∴ discount on trousers = 25%
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
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