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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 - 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 - 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 - The benefit earned subsequent to offering an article for Rs. 625 is same as misfortune Caused subsequent to offering the articles for Rs. 435.The expense cost of the articles is:
Answer : B
Explanation
Let the C.P be Rs. x . Then, 625-x = x-435 ⇒ 2x = 1060 ⇒ x= 530 ∴ C.P = Rs. 530
Q 5 - The profit earned after selling an article for Re 625 is the same as the loss incurred after selling the article for Re 435. What is the cost price of the article?
Answer : A
Explanation
Let profit = loss = Re x As per question, 625 ? x = 435 + x Or, 2x = 190 Or, x = Re 95 ∴ CP = Re (435 + 95) = Re 530
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 - A merchant sold his goods for Rs. 56 at a profit percent equal to C.P. The C.P is
Answer : A
Explanation
Let C.P. = Rs. X. Then X+X% of X = 56 =>X+XxX/100=56 =>X=Rs.40
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 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.