Profit and Loss - Quantitative Aptitude (MCQ) questions

1)   A person sold a stove for Rs. 423 and incurred a loss of 6%. At what price would it be sold so as to earn a profit of 8%?
- Published on 11 Apr 17

a. Rs. 525
b. Rs. 500
c. Rs. 490
d. Rs. 486
Answer  Explanation 

ANSWER: Rs. 486

Explanation:
profit and loss


2)   A fruit seller buys lemons at 2 for a rupee and sells then at 5 for three rupees. His gain percent is
- Published on 11 Apr 17

a. 10%
b. 15%
c. 20%
d. 25%
Answer  Explanation 

ANSWER: 20%

Explanation:
profit and loss


3)   A sells a car to B at 10% loss. If B sells it for Rs. 54000 and gains 20%, the cost price of the car for A was
- Published on 11 Apr 17

a. Rs. 25000
b. Rs. 50000
c. Rs. 37500
d. Rs. 60000
Answer  Explanation 

ANSWER: Rs. 50000

Explanation:
profit and loss


4)   Ramesh sold a statue for a price 25% higher than the original price of the statue. He had however bought the statue at 20% discount on the original price. With the profit of Rs. 2025, find the original price of the statue.
- Published on 11 Apr 17

a. Rs. 6000
b. Rs. 7500
c. Rs. 3500
d. Rs. 4500
Answer  Explanation 

ANSWER: Rs. 4500

Explanation:
profit loss


5)   If selling price of 40 articles is equal to cost price of 50 articles, the loss or gain percent is
- Published on 05 Apr 17

a. 25% loss
b. 20% loss
c. 25% gain
d. 20% gain
Answer  Explanation 

ANSWER: 25% gain

Explanation:
profit loss


6)   Two bicycles were sold for Rs. 3990 each, gaining 5% on one and losing 5% on the other. The gain or loss percent on the whole transaction is
- Published on 05 Apr 17

a. Neither gain nor loss
b. 2.5% gain
c. 2.5% loss
d. 0.25% loss
Answer  Explanation 

ANSWER: 0.25% loss

Explanation:
profit loss


7)   The ratio of cost price and selling price is 4:5. The profit percent is
- Published on 05 Apr 17

a. 10%
b. 20%
c. 25%
d. 30%
Answer  Explanation 

ANSWER: 25%

Explanation:
profit loss


8)   If a person sells a ‘sari’ for Rs. 5200, making a profit of 30%, then the cost price of the sari is
- Published on 05 Apr 17

a. Rs. 4420
b. Rs. 4000
c. Rs. 3900
d. Rs. 3800
Answer  Explanation 

ANSWER: Rs. 4000

Explanation:
profit loss


9)   A shopkeeper earns a profit of 15% after selling a book at 20% discount on the printed price. The ratio of the cost price and printed price of the book is?
- Published on 05 Apr 17

a. 20:23
b. 23:20
c. 16:23
d. 23:16
Answer  Explanation 

ANSWER: 16:23

Explanation:
profit loss
profit loss


10)   Simran bought pet food worth Rs. 56000. She then sold 1/3rd of it incurring a loss of 40%. What profit she must earn on rest of the supplies to nullify this loss?
- Published on 27 Mar 17

a. 25%
b. 20%
c. 45%
d. 50%
Answer  Explanation 

ANSWER: 20%

Explanation:
profit loss


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