Aptitude Test Preparation
Aptitude - Home
Aptitude - Overview
Quantitative Aptitude

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 - On offering an article for Rs. 48, one loses 20%. With a specific end goal to pick up 20%, what might be the offering cost?

Answer : D

Explanation

Let the C.P be Rs. x. Then,
80% of x = 48 ⇒ 80/100 *x =48
⇒ x= (48*100/80) = 60
C.P = Rs. 60 and gain =20%
∴ S.P=   Rs. (120/100*60) = Rs. 72

Q 2 - Ravi purchases some toffee at 2 for a rupee and offers them at 5 for a rupee. His misfortune percent is:

Answer : C

Explanation

Let the no. of toffees bought be (2*5)= 10
C.P of 10 toffees = (1/2*10) = 5
S.P of 10 toffees = (1/5 *10) = 2
Loss% = (3/5 *100) % = 60%

Q 3 - In the event that offering cost is multiplied, the benefit triples. The benefit percent is:

Answer : B

Explanation

Let C.P is Rs. x and S.P be Rs. y.
Then, profit = Rs. (y-x)
Again, S.P = Rs. 2y and profit = Rs. (y-x)
C.P = (S.P) ? (profit) =   rs.  3(y-x)
C.P = (S.P) - (profit) = 2y-3(y-x) = 3x-y
∴ 3x-y= x ⇒ y= 2x
⇒ Profit%= (x/x*100) % = 100%

Q 4 - A trader offers a couple of shades at a benefit of 25%. In the event that he had purchased it at 25% less and sold it for Rs. 10 less, then he would have increased 40%. The expense cost of the pair of shades is:

Answer : B

Explanation

Let the C.P be rs. x then, S.P = rs. (125/100*x) = rs. 5x/4
New C.P = (75/100*x) = 3x/4, New S.P= Rs. (5x/4-10)
∴ (5x/4-10) = 140/100*3x/4= 21x/20 ⇒ 5x/4- 21x/20 =10
⇒ 4x= 200 ⇒ x= 50
∴ C.P = Rs. 50.

Q 5 - A salesman is allowed 11/2% discount on the total sales made by him plus a bonus of 1/2% on sales over Re 10000. If his total earnings were Re 1990, his total sales was:

Answer : D

Explanation

Let the salesman?s total sales = Re (10000 + x)
According to the question,
10000 * 11/2% + x*6% = 1990
Or, 5000*11% + 6x% = 1990
Or 5000*11/100 + 6x/100 = 1990
Or, 550 + 6x/100 = 1990
Or, 55000 + 6x = 199000
Or, 6x = 199000 ? 55000
Or, 6x = 144000
Or, x = 144000/6 = 24000

∴The required sales = Re (1000 + 24000) = Re 34000

Q 6 - A fruit seller purchases Mangoes at the rate of 4 for Rs.8 and sells them at 3 for Rs.9. His profit in the transaction is

Answer : B

Explanation

CP of one Mango =8/4 = Rs.2
SP of one Mango =9/3 = Rs.1
His profit % = (2-1)/( 2)x100=50%

Q 7 - The aggregate expense cost of two watches is R. 840. One is sold at a benefit of 16% and the other at lost 12%. There is no misfortune or addition in the entire exchange. The expense cost of the watch on which the businessperson additions, is:

Answer : A

Explanation

Let their C.P be rs. x and Rs. (840-x) resp. Then,
(116/100*x) + 88/100*(840-x) ⇒ 29x/25+ (22 (840-x)/25) = 840
⇒ (29x-22x) + 18480 =21000 ⇒ 7x =2520
∴ Required C.P = Rs. 360

Q 8 - When 1 is added to each of the given two numbers, their proportion gets to be 3:4 and when 5 is subtracted from each , the proportion gets to be 7:10. The numbers are:

Answer : C

Explanation

Let two number be x and y. Then,
    X+1/y+1=3/4
=> 4x +4 = 3y+ 3
=> 3y- 4x = 1
    x-5/y-5=7/10
=>10x ? 50 = 7 ? 35 
=>7y-10x = -15
    Multiplying (i) by 5, (ii) by 2 and subtracting, we get 
    Y=35.
    Putting y = 35 in (i), we get 4x =104
=> x=26.

Q 9 - A retailer cases to offer his articles at a rebate of 10%, however marks his articles by expanding the expense of each by 20%. His addition Percent is:

Answer : B

Explanation

Let C.P be Rs. 100. then , M.P= rs. 120
∴ S.P = (90/100*120) = Rs. 108
Gain% = 8%

Q 10 - A businessperson sold an aeration and cooling system for Rs. 25935 with a markdown of 9% and earned a benefit of 3.74%. What might have been the rate of benefit earned if no markdown were advertised?

A - 12.3 %

B - 15.6%

C - cannot be resolved

D - none of these

Answer : D

Explanation

Let M.P be Rs. x . then
91/100*x= 25935 ⇒ x= (25935*100/91)= 28500⇒
M.P.=Rs 28500.
S.P.=Rs 25935,Gain=3.7%.
∴ C.P.=Rs (100/103.74*25935)=Rs 25000.
New S.P.=Rs 28500, C.P.=Rs 25000.
∴ New Gain%=(3500/25000*100)%=14.

aptitude_profit_loss.htm