Online Quiz in Profit and Loss For Quantitative Aptitude for Competitive exams like IBPS BANK PO/Clerical,SBI,RRB,SSC,LIC,UPSC-CSAT,SCRA.MAT,CMAT,MBA,SNAP,CAT,NTSE,CLAT
Profit and Loss-Test 3
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Subject :- Quantitative Aptitude
Chapter :- Profit and Loss – Test 3
Questions :- 25
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If a person reduce his selling price of an article by rs40 then the suggested profit of
33(1/3)% convert into loss of 20%. Find the cost price?
Correct
. C.P……………… S.P
33(1/3)%
gain=1/3 3…………………. 4
20%LOSS=
1/5 5………………….4
Make C.P same & we will get
15………..20
15…………12
20-12 =8
8 =40
1 =5
15 =75
Incorrect
. C.P……………… S.P
33(1/3)%
gain=1/3 3…………………. 4
20%LOSS=
1/5 5………………….4
Make C.P same & we will get
15………..20
15…………12
20-12 =8
8 =40
1 =5
15 =75
Question 2 of 25
2. Question
1 points
The price of an article increase by 20% and a man now get 10kg less, if he also reduce
his consumption by 20%, then find how much kg of article he used to purchase in
normal price?
Correct
100
80 120
120 -80 =40
40/120 * T =10
T = 30kg
Incorrect
100
80 120
120 -80 =40
40/120 * T =10
T = 30kg
Question 3 of 25
3. Question
1 points
A shopkeeper sell his goods at 25% loss but he uses false weight of 30%. Find the
loss or profit of shopkeeper in this whole process?
A shopkeeper sells an article at 25% profit. Had he bought it for 10% loss and sold it
for rs16 less, he would have earned 30% profit. What is the actual cost price?
Correct
let C.P = 100
CP………………….SP
100……………….125
At 10% loss
90………………….117…..125- 117= 8
. +30% profit
8 =16
1 =2
100 =200
Incorrect
let C.P = 100
CP………………….SP
100……………….125
At 10% loss
90………………….117…..125- 117= 8
. +30% profit
8 =16
1 =2
100 =200
Question 5 of 25
5. Question
1 points
A dishonest milkman sells milk at cost price but he mixes water and earns 14(2/7)%. Find the ratio of mixture and milk in the mixture?
A man sells his two articles at Rs1200. At one he gains 25% and at another he gains 16(2/3)%. Overall he gains 20%. Find the cost price of first article?
Correct
first we find C.P of both
20% gain = 1/5
SP is 1200, so 1+5 = 6 = 1200. SO 5 = 1000
25……………………………….50/3
….. 20
10/3…………………………..5
2 : 3
2/5*1000 = 400
Incorrect
first we find C.P of both
20% gain = 1/5
SP is 1200, so 1+5 = 6 = 1200. SO 5 = 1000
25……………………………….50/3
….. 20
10/3…………………………..5
2 : 3
2/5*1000 = 400
Question 7 of 25
7. Question
1 points
A sold an article to B at the profit of 25%, B sold it to C at loss of 10% and C sold it
to D at the profit of 20%. If D paid rs27, then how much A paid to buy this article?
Correct
125/100 * 90/100 * 120/100 * X = 27
X = rs20
Incorrect
125/100 * 90/100 * 120/100 * X = 27
X = rs20
Question 8 of 25
8. Question
1 points
A man buys some toffees at 5 toffee in 3rupee and same number of toffee at 5 toffee in rs4. He sold all of them at 5 toffee in 4 rupee. Find his overall gain or loss percent?
Correct
Rs………..Qty
. 3………….5
. 4………….5
C.P Rs7 10toffees
He sold at 5toffees in Rs4 so for 10toffees
he gets Rs8
C.P =Rs27………. S.P = Rs28
Profit % = 1/7 *100 = 14(2/7) %
Incorrect
Rs………..Qty
. 3………….5
. 4………….5
C.P Rs7 10toffees
He sold at 5toffees in Rs4 so for 10toffees
he gets Rs8
C.P =Rs27………. S.P = Rs28
Profit % = 1/7 *100 = 14(2/7) %
Question 9 of 25
9. Question
1 points
By selling 144 hens Mahesh suffer a loss equal to the selling price of 6 hens. Find his
loss percent?
Correct
loss = C.P – S.P
S.P of 6 hen = C.P of 144 hens – S.P of 144
hens
S.P of 150 hens = C.P of 144 hens
6/150 *100 = 4% loss
Incorrect
loss = C.P – S.P
S.P of 6 hen = C.P of 144 hens – S.P of 144
hens
S.P of 150 hens = C.P of 144 hens
6/150 *100 = 4% loss
Question 10 of 25
10. Question
1 points
If a man wants to gain 33(1/3)% after allowing a discount of 16(2/3)%. Then find
how much percent he has to increase his C.P to make M.P ?
Correct
gain 33(1/3)% =1/3
C.P …………………..S.P
3…………………………4
Discount 16(2/3)% =1/6
M.P…………………….S.P
6………………………….5
Now make S.P same and we will get..
C.P………….S.P……………M.P
15……………20……………..24
24-15 = 9
9/15 * 100 = 60%
Incorrect
gain 33(1/3)% =1/3
C.P …………………..S.P
3…………………………4
Discount 16(2/3)% =1/6
M.P…………………….S.P
6………………………….5
Now make S.P same and we will get..
C.P………….S.P……………M.P
15……………20……………..24
24-15 = 9
9/15 * 100 = 60%
Question 11 of 25
11. Question
1 points
A shopkeeper sold a T.V set for Rs17,940 with a discount of 12.5% and Gained 5%.
If no discount is allowed then what will be his gain percent?
If 8kg of tea price costing Rs56/kg is blended with 32kg of tea of Rs69/kg and
25kg of Rs75/kg and the mixture is sold at 20% profit. Find the selling price (in rupees) of mixture?
If the price of an article increased by 25% and his expenditure increases by 15%, a
person gets 4kg less article. Find the original quantity of article (in kg).
Correct
100
. 115…………..125
125 – 115 =10
10/125 * T = 4
T = 125 * 4/10 = 50
Incorrect
100
. 115…………..125
125 – 115 =10
10/125 * T = 4
T = 125 * 4/10 = 50
Question 14 of 25
14. Question
1 points
An article is sold at 25% profit. Had it been sold at Rs30 less then there would have
been a loss of 25%. What was the cost price (in Rupees)?
Correct
Profit = 25% = 1/4
CP………….SP
4………………5
Loss 25%= CP SP
. 4…..3
In both SPs, difference = 5-3 = 2
2=30
1=15
4=60
Incorrect
Profit = 25% = 1/4
CP………….SP
4………………5
Loss 25%= CP SP
. 4…..3
In both SPs, difference = 5-3 = 2
2=30
1=15
4=60
Question 15 of 25
15. Question
1 points
Even after reducing the marked price of a fan by Rs64, a shopkeeper makes a profit
of 15%. If the cost price of fan is Rs640 what percent of profit would have been made if he had sold the fan at the market price?
A man gets a profit of 28% after allowing discount of 11(1/9)%. Find how
much percent the cost price should be increased to make this Mark Price?
Correct
Gain – 28% CP………SP
. 100………128
Discount 11(1/9)% = 1/9
MP………..SP
9…………….8
Make SP same
CP…………SP…………….MP
100……….128……………144
MP – CP =44%
Incorrect
Gain – 28% CP………SP
. 100………128
Discount 11(1/9)% = 1/9
MP………..SP
9…………….8
Make SP same
CP…………SP…………….MP
100……….128……………144
MP – CP =44%
Question 17 of 25
17. Question
1 points
The sale price of an article including the sales tax is Rs560. The rate of sales tax is
16(2/3)%. If the shopkeeper has made a profit of 14(2/7)% then find the cost price
(in rupees)?
Correct
Sales tax = 16(2/3)% = 1/6
After sales tax………………SP
. 7………………………..6
Gain = 14(2/7)% = 1/7
CP………….SP
7…………….8
Make SP same
CP…………SP……….sales tax
21………….24………….28
420………………………560
Incorrect
Sales tax = 16(2/3)% = 1/6
After sales tax………………SP
. 7………………………..6
Gain = 14(2/7)% = 1/7
CP………….SP
7…………….8
Make SP same
CP…………SP……….sales tax
21………….24………….28
420………………………560
Question 18 of 25
18. Question
1 points
A horse and a cow were sold for Rs49,500 each. The horse was sold at a loss 10% and
cow at a gain of 10%. The entire transaction resulted in?
Correct
Incorrect
Question 19 of 25
19. Question
1 points
A manufacturer of a certain item can sell all items that he can produce at the selling
price of Rs50 each. It cost him Rs30 in materials and labour to produce each item
and he has overhead expenses of Rs5000 per week in order to operate the plant. The
number of units he should produce and sell in order to make a profit of at least Rs3000
per week?
Correct
50x – (30x + 5000) = 3000
20x = 8000
x = 400
Incorrect
50x – (30x + 5000) = 3000
20x = 8000
x = 400
Question 20 of 25
20. Question
1 points
A shopkeeper sold his article at cost price but he uses false weight and gives 400gm
instead of 600 gm. Find his loss or profit percent?
Correct
(600-400)/400 *100 = 200/400 * 100=50%
Incorrect
(600-400)/400 *100 = 200/400 * 100=50%
Question 21 of 25
21. Question
1 points
An article is sold at 33(1/3)% profit. If it had been sold at a profit of 40%,it would
have fetched Rs 50 more. Find cost price of article?
Correct
1st 33(1/3)% profit so CP = 3, and SP =
3+1 = 4
2nd 40% = 2/5. So CP = 5, SP = 7
Now CP is same so make CP same
CP…….. SP
15………..20
15………….21
20 to 21 is + 1, so 1= 50 [increase in SP]
So 15=750
Incorrect
1st 33(1/3)% profit so CP = 3, and SP =
3+1 = 4
2nd 40% = 2/5. So CP = 5, SP = 7
Now CP is same so make CP same
CP…….. SP
15………..20
15………….21
20 to 21 is + 1, so 1= 50 [increase in SP]
So 15=750
Question 22 of 25
22. Question
1 points
The percentage of loss when an article is sold at Rs60 is same as that of profit, when
it is sold at Rs80. The above mention profit or loss on the article is?
A businessman sells a commodity at 10% profit. If he had bought it 10% less and sold
it for rs2 less, then he would have gained 16(2/3)%. What is the cost price of the
commodity?
Correct
10% profit = 1/10. So CP = 10, SP = 10+1
= 11
Now make CP 10% less, CP becomes = 9,
Now there is 16(2/3)% profit So SP
becomes 21/2
Original SP = 11, final = 21/2. Difference
is ½
So 1/2 == 2 [Rs 2 less]
1 == 4
and 10 == 40
Incorrect
10% profit = 1/10. So CP = 10, SP = 10+1
= 11
Now make CP 10% less, CP becomes = 9,
Now there is 16(2/3)% profit So SP
becomes 21/2
Original SP = 11, final = 21/2. Difference
is ½
So 1/2 == 2 [Rs 2 less]
1 == 4
and 10 == 40
Question 24 of 25
24. Question
1 points
A dishonest shopkeeper sells milk at 20% gain and also he add water in the ratio 4:1
in it. What is his total profit?
Correct
In the case of milk & water. The milk
amount is consider as 100. Now during the
comparison of water with milk, the water
amount is taken as profit %.
See here : M W
. 4 : 1
. 100 : 25% profit on selling milk on
CP but he sold it 20% gain
So: 25+20+ (25*20)/100= 50% total
Incorrect
In the case of milk & water. The milk
amount is consider as 100. Now during the
comparison of water with milk, the water
amount is taken as profit %.
See here : M W
. 4 : 1
. 100 : 25% profit on selling milk on
CP but he sold it 20% gain
So: 25+20+ (25*20)/100= 50% total
Question 25 of 25
25. Question
1 points
The price of coal is increased by 20%. By what percent a family should decrease its
consumption so that expenditure remains same?
Correct
increased 20% = 1/5
Since there is increase, so decrease in
consumption will be 1/(5+1) = 1/6 = 16
2/3%
In there was decrease, so increase in
consumption would have been 1/(5-1) = 1/4
= 25%
Incorrect
increased 20% = 1/5
Since there is increase, so decrease in
consumption will be 1/(5+1) = 1/6 = 16
2/3%
In there was decrease, so increase in
consumption would have been 1/(5-1) = 1/4
= 25%