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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 man offers his at 5% misfortune. On the off chance that he offers it for Rs. 80 more, He picks up 5%. The expense cost of the is:

Answer : D

Explanation

Let the C.P. be Rs x.Then,
(105/100 * x)- (95/100 * x)=80⇒21x/20-19x/20=80
⇒ (21x-19x) =1600⇒ 2x=1600⇒ x=800
∴C.P. Rs 800.

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 - If the maker additions 10%, the wholesale merchant 15% and the retailer 25%, then the expense of the generation of an article whose retail cost is rs. 1265, is:

Answer : B

Explanation

Let the cost of production be rs. x. Then,
X* 110/100 *115/100 *125/100 =1265
⇒ X*11/10* 23/20*5/4= 1265
⇒ 11*23*5*x = 1265*800
⇒ x =1265*800/11*23*5 = 800
∴ cost of the production = Rs. 800

Q 5 - Ruhina bought 20 apples for Rs.150 and sold them at the rate of 15 apples for Rs.150. What is the percentage of profit made by her?

Answer : C

Explanation

Her profit % =(S.P-C.P)/(C.P) x100=(200-150)/150 x100=33.33%

Q 6 - Farhan purchased a house for Rs.80000 and a site for Rs.10000 respectively, if he sold the house for Rs.86000 and the site for Rs.14000, then find the resultant percentage of gain?

Answer : D

Explanation

Total CP = 90000 & total SP = 100000
=> Gain = SP/CP = 100000/90000 =1.111 =1.11%

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.

A - a weight of 875 gm

B - a weight of 900 gm

C - a weight of 950 gm

D - none of these

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 - 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 broker denotes his merchandise at such a cost, to the point that he can deduct 15% for money but makes 20% benefit. The stamped cost of a thing which cost him Rs 90 is:

Answer : C

Explanation

C.P = RS. 90, Gain =20%
∴  S.P = (120/100*90) = Rs.108
Let the M.P be Rs. x then, 85% of x = 108.
∴  85/100*x =108  ⇒x=(108*100/85)
= 2160/17.∴  M.P = 2160/17

Q 10 - On a Rs. 10000 installment arrange a man has decision between three progressive rebates of 10%, 10% and 30% and three progressive rebates of 40%, 5% and 5%. By picking the better one, he can spare:

Answer : B

Explanation

1st payment= 90% 0f 90% of 70% of rs. 10000
= rs. (90/100*90/100* 70/100*10000) =5670
2nd. Payment = 60% of 95% of 95% of 10000.
= (60/100*95/100*95/100*10000)= 5415
By choosing the better one he can save rs . (5670-5415) = 255

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