Online exam 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 4
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Subject :- Quantitative Aptitude
Chapter :- Profit and Loss – Test 4
Questions :- 25
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After selling 12 balls a man suffer a loss equal to cost price of 6 balls. Find loss percent?
Correct
loss = CP-SP
CP of 6 ball = CP of 12 ball – SP of 12 ball
SP of 12 ball = CP of 6 ball
Loss % = 6/12*100= 50%
Incorrect
loss = CP-SP
CP of 6 ball = CP of 12 ball – SP of 12 ball
SP of 12 ball = CP of 6 ball
Loss % = 6/12*100= 50%
Question 2 of 25
2. Question
1 points
A man bought a horse & a carriage for Rs60,000. He sold the horse at 15% profit
and the carriage at a loss of 6%. But still he gained of 1% on overall. The cost price of the horse was?
A customer saves Rs 400 at the rebate of 20% on market price of an article. If the
cost price of the article for shopkeeper is Rs 1200.Then find the profit percent of
shopkeeper?
A trader wants to earn 16(2/3)% after allowing a discount of 25%. Find by how
much % he has to increase his cost price to make M.P?
Correct
profit % = 16(2/3)% = 1/6. So CP = 6, and
SP = 6+1 = 7
Discount = 25% = 1/4 So MP = 4, SP = 4-1
= 3
Make S.P Same in both cases
C.P…. S.P…….. M.P
18……. 21……… 28
Difference between CP and MP is 10
So 10/18*100 = 55.55%
Incorrect
profit % = 16(2/3)% = 1/6. So CP = 6, and
SP = 6+1 = 7
Discount = 25% = 1/4 So MP = 4, SP = 4-1
= 3
Make S.P Same in both cases
C.P…. S.P…….. M.P
18……. 21……… 28
Difference between CP and MP is 10
So 10/18*100 = 55.55%
Question 5 of 25
5. Question
1 points
Nikita bought 30 kg of wheat at the rate of 9.50/kg of wheat and the same amount of
wheat at the rate of Rs 8.50 per kg and mixed them. She sold the mixture at the
rate of Rs 8.90/kg. Find her total profit or loss in the whole transaction?
Correct
C.P = 30*9.50 + 30*8.5 = 540
S.P = 60 * 8.90 = 534
So loss of Rs 6.
Incorrect
C.P = 30*9.50 + 30*8.5 = 540
S.P = 60 * 8.90 = 534
So loss of Rs 6.
Question 6 of 25
6. Question
1 points
A trader bought two horses for Rs 39,000. He sold one at a loss of 20% and another at
a profit of 15%. If the selling price of each horse is same, then what are their cost price
respectively?
The marked price of an article is 60% above the cost price. When marked price is
increased by 30% and selling price is increased by 20%, then the profit doubles.
What is the original selling price if marked price is Rs 3200?
Correct
CP = 10, so MP = 16
MP = 3200, so CP = 2000
Now See from options
Pick A) 2500
2500 – 2000 = 500 (profit)
If 20% of 2500 is increased, then We will
get Rs 500 more, means the profit will get
doubled as before
Incorrect
CP = 10, so MP = 16
MP = 3200, so CP = 2000
Now See from options
Pick A) 2500
2500 – 2000 = 500 (profit)
If 20% of 2500 is increased, then We will
get Rs 500 more, means the profit will get
doubled as before
Question 8 of 25
8. Question
1 points
An article passes successfully in the hand of three traders. Each trader sold it further
at a gain of 20% of the cost price. If the last trader sold it for Rs 432 then what was the
cost price?
Correct
20% =1/5
CP SP
5 6
5 6
5 6
=125 216
*2=250 *2=432
Incorrect
20% =1/5
CP SP
5 6
5 6
5 6
=125 216
*2=250 *2=432
Question 9 of 25
9. Question
1 points
A dishonest dealer professes to sell his goods at 10% profit on Cost Price and also
uses a false weight and gives 900 grams instead of 1 kg. Find his total gain.
Correct
900 gms in place of 1000 gm
So profit% is (1000-900)/900 * 100 =
100/9 %
10% Profit is on CP also
So required profit% is
10 + 100/9 + 10*(100/9)/100 – successive
formula
Incorrect
900 gms in place of 1000 gm
So profit% is (1000-900)/900 * 100 =
100/9 %
10% Profit is on CP also
So required profit% is
10 + 100/9 + 10*(100/9)/100 – successive
formula
Question 10 of 25
10. Question
1 points
A man buys some toffees at 3 in Re. 1 and some at 3 in Rs 2 and sold them at 1 in Re.1. Find his gain or loss %.
Correct
Quantity Rupee
CP 3 1
CP 3 2
SP= 1 1 (*3 to make quantity equal)
hence Sp 3 3
Total Cp of 6 toffee= 3
Sp og 6 toffee=6
hence %p=100%
Incorrect
Quantity Rupee
CP 3 1
CP 3 2
SP= 1 1 (*3 to make quantity equal)
hence Sp 3 3
Total Cp of 6 toffee= 3
Sp og 6 toffee=6
hence %p=100%
Question 11 of 25
11. Question
1 points
A trader wants to increase his cost price in such a way that after giving 25% discount
he earns 20%profit. Find how much percent he increases his Cost Price?
Correct
discount=25% =1/4
MP: SP=4:3
Profit=20%=1/5
CP:SP= 5:6
make ratio equal
MP:CP:SP=8:5:6
=3/5*100=60%
Incorrect
discount=25% =1/4
MP: SP=4:3
Profit=20%=1/5
CP:SP= 5:6
make ratio equal
MP:CP:SP=8:5:6
=3/5*100=60%
Question 12 of 25
12. Question
1 points
On selling 15 balls at Rs 400 there is loss equal to Cost Price of 5 balls. The cost price of a ball is?
Correct
loss= CP-SP
CP of 5=CP of 15- SP of 15
CP of 10=SP of 15=400
CP of 1 =40
Incorrect
loss= CP-SP
CP of 5=CP of 15- SP of 15
CP of 10=SP of 15=400
CP of 1 =40
Question 13 of 25
13. Question
1 points
By selling 12 oranges for Rs 60 a man losses 25%. The number of oranges he has to sell for Rs 100 so as to gain 25% is?
Correct
Loss=25%=1/4 => CP:SP=4:3 ;SP=60
hence CP=80
Profit=25%=1/4 => CP:SP=4:5 ; CP=80
hence SP=100
for gaining 25% in Rs 100 item he has to
sell an item of Rs 80; In Rs 80 12 oranges.
Incorrect
Loss=25%=1/4 => CP:SP=4:3 ;SP=60
hence CP=80
Profit=25%=1/4 => CP:SP=4:5 ; CP=80
hence SP=100
for gaining 25% in Rs 100 item he has to
sell an item of Rs 80; In Rs 80 12 oranges.
Question 14 of 25
14. Question
1 points
A person sold an article at 16 (2/3)% profit on Selling Price. Afterwards when the cost
price reduced by 10% then he also reduced the selling price by 10%. His percentage of
profit on cost price will be?
Correct
Profit on SP= 1/6
SP:CP=6:5 multiply by 10 for easy
calculation= 60:50
60-6 : 50-5=54:45
=(54-45)/45*100=20%
Incorrect
Profit on SP= 1/6
SP:CP=6:5 multiply by 10 for easy
calculation= 60:50
60-6 : 50-5=54:45
=(54-45)/45*100=20%
Question 15 of 25
15. Question
1 points
A shopkeeper allows 2% discount and gives 1 article free on purchase of 6 articles. He earns 40% profit during the transaction. By what percent above the cost price he marked his good.
Correct
Discount=2%=1/50 MP:SP=50:49
Profit=40%=2/5=> CP:SP=5:7
MP:SP:CP=50:49:35
This 35 is the CP of (6+1) hence the CP for
6 will be 30
(50-30)/30*100= 66 (2/3)%
Incorrect
Discount=2%=1/50 MP:SP=50:49
Profit=40%=2/5=> CP:SP=5:7
MP:SP:CP=50:49:35
This 35 is the CP of (6+1) hence the CP for
6 will be 30
(50-30)/30*100= 66 (2/3)%
Question 16 of 25
16. Question
1 points
By selling 20 articles, a person gains CP of 5 articles. Find the profit% incurred by him.
Correct
Profit = SP – CP
CP of 5 articles = SP of 20 article – CP of
20 articles
So CP of 25 articles = SP of 20 articles
Profit% = 5/20 * 100 = 25%
Incorrect
Profit = SP – CP
CP of 5 articles = SP of 20 article – CP of
20 articles
So CP of 25 articles = SP of 20 articles
Profit% = 5/20 * 100 = 25%
Question 17 of 25
17. Question
1 points
A person wants to sell his goods at 20% profit after allowing a discount of 16 2/3%
on marked price. How much % above the cost price should he mark his article?
Correct
Use formula:
MP = (100+p%)/(100-d%) * CP
OR
Profit%= 20% = 1/5 (profit = 1, CP = 5)
SP = CP+P = 5+1 = 6……(1)
Discount% = 16 2/3% = 50/3% = 1/6
(discount = 1, MP = 6)
Mp – discount = SP
6 – 1 = 5…………(2)
Make SP equal in both equations (1) and
(2)
Multiply (1) by 5 and (2) by 6
so CP : SP : MP = 25 : 30 : 36
So see CP and MP, required % = (36-
25)/25 * 100 = 44%
Incorrect
Use formula:
MP = (100+p%)/(100-d%) * CP
OR
Profit%= 20% = 1/5 (profit = 1, CP = 5)
SP = CP+P = 5+1 = 6……(1)
Discount% = 16 2/3% = 50/3% = 1/6
(discount = 1, MP = 6)
Mp – discount = SP
6 – 1 = 5…………(2)
Make SP equal in both equations (1) and
(2)
Multiply (1) by 5 and (2) by 6
so CP : SP : MP = 25 : 30 : 36
So see CP and MP, required % = (36-
25)/25 * 100 = 44%
Question 18 of 25
18. Question
1 points
Three successive discounts of 20%, 25% and 16 2/3% is equivalent to
Correct
Use successive formula:
a + b + a*b/100
So – 20 – 25 + 20*25/100 = -40%
Next: -40 – 50/3 + (50)(50/3)/100 = -50%
OR
20% = 1/5 5 -> 4
25% = 1/4 4 -> 3
16 2/3% = 1/6 6 -> 5
Incorrect
Use successive formula:
a + b + a*b/100
So – 20 – 25 + 20*25/100 = -40%
Next: -40 – 50/3 + (50)(50/3)/100 = -50%
OR
20% = 1/5 5 -> 4
25% = 1/4 4 -> 3
16 2/3% = 1/6 6 -> 5
Question 19 of 25
19. Question
1 points
After selling a table worth Rs 12000 at 20% loss, a trader buys a TV with the same
money. Next he sold the TV at 20% profit. What is his profit/loss in the whole transaction?
Correct
12000 – 2400 (20% loss) = 9600
9600 + 1920 (20% profit on 9600) = 11520
So 12000 – 11520 = 480 Rs loss
Incorrect
12000 – 2400 (20% loss) = 9600
9600 + 1920 (20% profit on 9600) = 11520
So 12000 – 11520 = 480 Rs loss
Question 20 of 25
20. Question
1 points
A sold a watch to B at 10% loss. B sold it to C at 11.11% loss and c again sold it to A
at 12.5% profit. How much profit/loss % is incurred by A?
Correct
A to B to C
A to B 10% loss, 10% = 1/0. So SP for A =
10-1 = 9
B to C 11.11% loss, 11.11% = 1/9, so SP
for B = 9-1 = 8
C to A 12.5% profit, 12.5% = 1/8, so SP for
C or CP for A = 1+8 = 9
A first sold to B at 9, and after he got from
C at 9, so no profit no loss
Incorrect
A to B to C
A to B 10% loss, 10% = 1/0. So SP for A =
10-1 = 9
B to C 11.11% loss, 11.11% = 1/9, so SP
for B = 9-1 = 8
C to A 12.5% profit, 12.5% = 1/8, so SP for
C or CP for A = 1+8 = 9
A first sold to B at 9, and after he got from
C at 9, so no profit no loss
Question 21 of 25
21. Question
1 points
After selling an article at some price, a trader gain 20% on the selling price. Find his profit% on the cost price.
A man bought some toffees at the rate of 3 toffees per Re. and same number at the rate
of 2 toffees per Re. He mixes them and sold 3 toffees for Rs 2. Find his profit/loss% in the whole transaction.
Correct
Let he buys 6 toffees
Case 1: 3 toffees per Re so 6 toffees for Rs
2
Case 2: 2 toffees per Re so 6 toffees for Rs
3
Total CP of 12 toffees = 2+3 = 5
Now he sold at 3 for Rs 2. So 12 toffees for
Rs 8
Now CP = Rs 5, SP = Rs 8, so profit% =
3/5 * 100 = 60% profit
Incorrect
Let he buys 6 toffees
Case 1: 3 toffees per Re so 6 toffees for Rs
2
Case 2: 2 toffees per Re so 6 toffees for Rs
3
Total CP of 12 toffees = 2+3 = 5
Now he sold at 3 for Rs 2. So 12 toffees for
Rs 8
Now CP = Rs 5, SP = Rs 8, so profit% =
3/5 * 100 = 60% profit
Question 23 of 25
23. Question
1 points
A shopkeeper sold his articles at cost price. But he used false weights and gives 800 gm
instead of 1 kg. Find his profit%.
Correct
CP of 1000 gm = SP of 800 gm
So gain% = (1000-800)/800 * 100 = 25%
Incorrect
CP of 1000 gm = SP of 800 gm
So gain% = (1000-800)/800 * 100 = 25%
Question 24 of 25
24. Question
1 points
A trader sold his goods at 20% profit and along with this he used weights of 800 gm instead of 1 kg. Find his total profit%.
Correct
Profit is 20%. So
1000 gm + 20% of 1000 gm = 1200 gm
so CP of 1200 gm = SP of 800 gm
Sp profit% = (1200-800)/800 * 100 = 50%
Incorrect
Profit is 20%. So
1000 gm + 20% of 1000 gm = 1200 gm
so CP of 1200 gm = SP of 800 gm
Sp profit% = (1200-800)/800 * 100 = 50%
Question 25 of 25
25. Question
1 points
A loss of 20% is made by selling an article. Had it been sold for Rs 240 more, there
would have been a profit of 10%. What would be the selling price of the article if it is sold at 25% profit?
Correct
Loss = 20% = 1/5 (loss = 1, CP = 5)
CP – Loss = SP
5 – 1 = 4……….(1)
Profit% = 10% = 1/10 (Profit = 1, CP = Rs
10)
CP + P = SP
10 + 1 = 11 …….(2)
Make CP same in both equations (1) and
(2) by multiplying (1) by 2. SO
10 – 2 = 8
And 10 + 1 = 11
So first, SP was 8, now is 11
So (11-8) -> 240
3 -> 240
So 10 (CP) -> 240/3 * 10 = 800
So after 25% profit SP -> 1000
Incorrect
Loss = 20% = 1/5 (loss = 1, CP = 5)
CP – Loss = SP
5 – 1 = 4……….(1)
Profit% = 10% = 1/10 (Profit = 1, CP = Rs
10)
CP + P = SP
10 + 1 = 11 …….(2)
Make CP same in both equations (1) and
(2) by multiplying (1) by 2. SO
10 – 2 = 8
And 10 + 1 = 11
So first, SP was 8, now is 11
So (11-8) -> 240
3 -> 240
So 10 (CP) -> 240/3 * 10 = 800
So after 25% profit SP -> 1000