Profit and Loss : Aptitude Question & Answer
Directions of questions: In the following questions, Choose the correct answer from the given options and click the number of your choice.
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Quiz Name  Profit and Loss 
Quiz Category  Aptitude Practice 
Question Type  Multiple Choice Questions 
No. of Questions  30 
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Question 1 of 30
1. Question
Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is :
Correct
Answer: 60/11 %
Incorrect
Correct answer: 60/11 %

Question 2 of 30
2. Question
A shopkeeper purchased 70 kg of potatoes for Rs. 420 and sold the whole lot at the rate of Rs. 6.50 per kg. What will be his gain percent ?
Correct
Answer: 25/3 %
Incorrect
Correct answer: 25/3 %

Question 3 of 30
3. Question
Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit ?
Correct
Answer: 5.6
Incorrect
Correct answer: 5.6

Question 4 of 30
4. Question
100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is :
Correct
Answer: 100/7 % gain
Incorrect
Correct answer: 100/7 % gain

Question 5 of 30
5. Question
A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle ?
Correct
Answer: Rs. 1190
Incorrect
Correct answer: Rs. 1190

Question 6 of 30
6. Question
Peter purchased a machine for Rs. 80,000 and spent Rs. 5000 on repair and Rs. 1000 on transport and sold it with 25% profit. At what price did he sell the machine ?
Correct
Answer: Rs. 1,07,500
Incorrect
Correct answer: Rs. 1,07,500

Question 7 of 30
7. Question
A shopkeeper expects a gain of % on his cost price. If in a week, his sale was of Rs. 392, what Was his profit ?
Correct
Answer: Rs. 72
Incorrect
Correct answer: Rs. 72

Question 8 of 30
8. Question
Jacob bought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20% ?
Correct
Answer: Rs. 500
Incorrect
Correct answer: Rs. 500

Question 9 of 30
9. Question
A manufacturer undertakes to supply 2000 pieces of a particular component at Rs. 25 per piece. According to his estimates, even (if 5% fail to pass the quality tests, then he will make a profit of 25%. However, as it turned out, 50% of the components were rejected. What is the loss to the manufacturer ?
Correct
Answer: Rs. 13,000
Incorrect
Correct answer: Rs. 13,000

Question 10 of 30
10. Question
When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must the plot be sold in order to gain 15% ?
Correct
Answer: Rs. 25,300
Incorrect
Correct answer: Rs. 25,300

Question 11 of 30
11. Question
A fruitseller sells mangoes at the rate of Rs. 9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5% ?
Correct
Answer: Rs. 11.81
Incorrect
Correct answer: Rs. 11.81

Question 12 of 30
12. Question
A property dealer sells a house for Rs. 6,30,009 and in the bargain makes a profit of 5%. Had he sold it for Rs. 5,00,000, then what percentage of loss or gain he would have made ?
Correct
Answer: 50/3 % loss
Incorrect
Correct answer: 50/3 % loss

Question 13 of 30
13. Question
A shopkeeper sells one transistor for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. His total gain or loss percent is :
Correct
Answer: 100/17 % gain
Incorrect
Correct answer: 100/17 % gain

Question 14 of 30
14. Question
The ratio of the cost price and the selling price is 4 : 5. The profit percent is :
Correct
Answer: 25%
Incorrect
Correct answer: 25%

Question 15 of 30
15. Question
The ratio between the sale price and the cost price of an article is 7 : 5. What is the ratio between the profit and the cost price of that article ?
Correct
Answer: 2 : 5
Incorrect
Correct answer: 2 : 5

Question 16 of 30
16. Question
A man gains 20% by selling an article for a certain price. If he sells it at double the price, the percentage of profit will be :
Correct
Answer: 140
Incorrect
Correct answer: 140

Question 17 of 30
17. Question
If selling price is doubled, the profit triples. Find the profit percent :
Correct
Answer: 100
Incorrect
Correct answer: 100

Question 18 of 30
18. Question
In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant,approximately what percentage of the selling price is the profit ?
Correct
Answer: 70%
Incorrect
Correct answer: 70%

Question 19 of 30
19. Question
The profit earned by selling an article for Rs. 832 is equal to the loss incurred when the same article is sold for Rs. 448. What should be the sale price for making 50% profit ?
Correct
Answer: Rs. 960
Incorrect
Correct answer: Rs. 960

Question 20 of 30
20. Question
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article fer Rs. 1280. At what price should the article be sold to make 25% profit ?
Correct
Answer: Rs. 2000
Incorrect
Correct answer: Rs. 2000

Question 21 of 30
21. Question
If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is :
Correct
Answer: 50%
Incorrect
Correct answer: 50%

Question 22 of 30
22. Question
If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is :
Correct
Answer: 20% loss
Incorrect
Correct answer: 20% loss

Question 23 of 30
23. Question
The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is :
Correct
Answer: 16
Incorrect
Correct answer: 16

Question 24 of 30
24. Question
On an order of 5 dozen boxes of a consumer product, a retailer receives an extra dozen free. This is equivalent to allowing him a discount of :
Correct
Answer: 50/3 %
Incorrect
Correct answer: 50/3 %

Question 25 of 30
25. Question
A man sold 18 cots for Rs. 16,800, gaining thereby the cost price of 3 cots. The cost price of a cot is :
Correct
Answer: Rs. 800
Incorrect
Correct answer: Rs. 800

Question 26 of 30
26. Question
If on selling 12 notebooks, a seller makes a profit equal to the selling price of 4 notebooks, what is his percent profit ?
Correct
Answer: 50
Incorrect
Correct answer: 50

Question 27 of 30
27. Question
On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is :
Correct
Answer: Rs. 60
Incorrect
Correct answer: Rs. 60

Question 28 of 30
28. Question
A man buys 2 dozen bananas at Rs. 16 per dozen. After selling 18 bananas at the rate of Rs. 12 per dozen, the shopkeeper reduced the rate to Rs. 4 per dozen. The percent loss is :
Correct
Answer: 37.5%
Incorrect
Correct answer: 37.5%

Question 29 of 30
29. Question
A man bought apples at the rate of 8 for Rs. 34 and sold them at the rate of 12 for Rs. 57. How many apples should be sold to earn a net profit of Rs. 45 ?
Correct
Answer: 90
Incorrect
Correct answer: 90

Question 30 of 30
30. Question
Some articles were bought at 6 for Rs. 5 and sold at 5 for Rs. 6. Gain percent is :
Correct
Answer: 44%
Incorrect
Correct answer: 44%