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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 dealer has 1000 kg of sugar, a portion of which he offers he offers at 8 % benefit and the rest at 18% benefit. He increases 14% all in all. The amount sold at 18% benefit is:

Answer : B

Explanation

Suppose he bought it at Rs. x per kg, then C.P =Rs.1000x
Let the sugar sold at 8% gain be y kg.
Then, sugar sold at 18% gain = (1000-Y) kg
 ∴ (108/100 *xy) + (118/100*x {1000-Y}) = 114/100*1000x
⇒27y/25 + 59(1000-y)/50 = 1140
⇒ 54y+59(1000-y) =57000
⇒5y =2000   = y= 400
Quantity sold at 18% gain = (1000-400) kg =600 kg

Q 2 - Mohan purchased 20 feasting tables for rs. 12000 and sold them at a benefit equivalent to the offering cost of 4 eating tables. The offering cost of every eating table is:

Answer : B

Explanation

C.P of each table = rs. (12000/20) = rs. 600
(S.P of 20 tables)- (C.P of 20% table) = profit = S.P of 4 tables
⇒S.P of 16 tables = C.P of 20 tables= 1200
⇒ S.P of 1 table = (12000/16) = R.s 750

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 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 - A person incurs 10% loss by selling a refrigerator for Rs 5400. At what price should the refrigerator be sold to earn 10% profit?

Answer : D

Explanation

SP=5400 X  (110)/90=6600.

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 - Profit after selling a commodity for Rs. 650 is same loss after selling it for Rs. 550.Its cost is

Answer : C

Explanation

Let C.P. =X
650-X=X-550
=>2X=1200
=>X=600

Q 8 - The whole of three square of three no. which are in the proportion 2:3:4 is 725. What are three numbers?

Answer : A

Explanation

Let the numbers be 2x, 3x and 4x. Then,
      4x² +9x² +16x² = 725  
=> 29x²  =725 
 x² = 25 
=> x =5
      ∴ The numbers are 10, 15, 20 .

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.

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