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:
A - 130
B - 140
C - 150
D - 160
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 - Ravi purchases some toffee at 2 for a rupee and offers them at 5 for a rupee. His misfortune percent is: 
A - 120%
B - 90%
C - 60%
D - 25%
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 - A man offers an article at lost 10%. Had he purchased it at 20% less, and sold it for rs. 55 more, he could have increased 40%. What is the expense cost of the articles?
A - 200
B - 225
C - 250
D - none of these
Let  the C.P be Rs. x, then ,S.P =  (90/100 *x) = Rs. 9x/10
New C.P = 80% of Rs. x =(80/100*x)  = rs. 4x/5
New S.P = 140% of Rs. 4x/5 = (140/100*4x/5) = 28x/25
∴ 28x/25 = 9x/10 +55   ⇒ 56x =45x+2750 ⇒ 11x= 2750
X= 250
∴ C.P = Rs. 250
Q 4 - Raman purchased a fountain at 9/10 of its stamped value and sold it at 8% more than its stamped cost. His increase percent is:
A - 8%
B - 10%
C - 18%
D - 20%
Let the marked price of the geyser be Rs. x.
C.P = Rs. 9x/10 and S.P = 108% of Rs. x = Rs. (108/100*x) = 27X/25
Gain = (27x/25-9x/10) = (108x-90x /100)   = Rs. 9x/50
∴ Gain % = (9x/50 * 10/9x*100) % =20%
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
A - 22
B - 21
C - 20
D - 19
Let us assume cost price is X
i.e., X - 20 = ( 1)/11 X
=>X=22
Q 6 - When a plot is sold for Rs. 33,300, the owner loses 10%. At what price must that plot be sold in order to gain 10%?
A - 41000
B - 40700
C - 41350
D - 41700
Let X be the selling price
90: 33300 = 110: X
=>X=33300x110/( 90)=40700
Q 7 - Profit after selling a commodity for Rs. 650 is same loss after selling it for Rs. 550.Its cost is
A - 620
B - 625
C - 600
D - 575
Let C.P. =X
650-X=X-550
=>2X=1200
=>X=600
Q 8 - Rs. 680 is separated among A, B, C such that A gets 2/3 of what B gets and B gets 1/4 of what C gets. At that point their shares are separately:- 
A - 75, 325, 280 
B - 80 ,120, 480 
C - 90 ,210, 380 
D - 100, 200, 380 
Explanation
Suppose C gets Rs. x. then B gets Rs. x/4 and gets Rs. (2/3*x/4)= x/6.
∴x/6+x/4+x=680
=>2x+3x+12x=8160
=> 17x= 8160
=> x=480
∴ A gets rs. 80, B gets rs. 120 and C gets rs. 480

Q 9 - A couch set conveying a deal value ticket of rs. 5000 is sold at a rebate of 4%, accordingly increasing 20% .the merchants expense cost of the couch set is: 
A - Rs. 3600
B - Rs. 3800
C - Rs. 4000
D - Rs. 4200
M.P = Rs. 5000 and discount =4%
∴ S.P = 96% of Rs. 5000 = (96/100*5000) = Rs. 4800, gain=20%
∴  C.P = Rs. (100/120*4800)  = Rs. 4000.
Q 10 - A retailer gives two progressive rebates on an articles checked Rs. 450. The principal rebate gives Rs. 450. The primary rebate given is 10%. In the event that the client pays rs. 344.25 For the article, the second rebate given is:
A - 10%
B - 12%
C - 14%
D - 15%
Let the second discount be x%. then,
90% of (100-x)% of rs. 450   = rs. 344.25
⇒ 90/100* (100-x)/100*450 = 344.25
⇒ 100-x =  34425/405 = 85
⇒ x = (100-85) =15%
∴ second discount is 15%