Profit And Loss(Quantitative Aptitude ) Questions and answers for exam Preparation

Quantitative Aptitude

PROFIT AND LOSS MCQs

Profit & Loss

Total Questions : 2016 | Page 198 of 202 pages

Question 1971. A shopkeeper buys mangoes at the rate of 4 a rupee and sells them at 3 a rupee. Find his net profit or loss percent?

20%
28%
33 1/3 %
35 2/7 %

Discuss Question

Answer: Option C. -> 33 1/3 %
THE TOTAL NUMBER OF MANGOES BOUGHT BY THE SHOPKEEPER BE 12.
IF HE BUYS 4 A RUPEE, HIS CP = 3
HE SELLING AT 3 A RUPEE, HIS SP = 4
PROFIT = SP – CP = 4 – 3 = 1
PROFIT PERCENT = 1/3 * 100 = 33 1/3 %

Question 1972. A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes?

neither profit nor loss
3%
5%
4%

Discuss Question

Answer: Option D. -> 4%
SP OF FIRST ARTICLE = 1000
PROFIT = 20%
CP = (SP)*[100/(100+P)] = 5000/6 = 2500/3
SP OF SECOND ARTICLE = 1000
LOSS = 20%
CP = (SP)*[100/(100-L)] = 5000/4 = 1250
TOTAL SP = 2000
TOTAL CP = 2500/3 + 1250 = 6250/3
CP IS MORE THAN SP, HE MAKES A LOSS.
LOSS = CP-SP = (6250/3)- 2000 = 250/3
LOSS PERCENT = [(250/3)/(6250/3)]*100 =
0.04 * 100 = 4%

Question 1973. By selling an article at Rs.800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?

Rs.600
Rs.480
Rs.500
Rs.450

Discuss Question

Answer: Option B. -> Rs.480
SP = 800
PROFIT = 25%
CP = (SP)*[100/(100+P)]
= 800 * [100/125]
= 640
LOSS = 25% = 25% OF 640 = RS.160
SP = CP – LOSS = 640 – 160 = RS.480

Question 1974. A shopkeeper buys two articles for Rs.1000 each and then sells them, making 20% profit on the first article and 20% loss on second article. Find the net profit or loss percent?

neither profit nor loss
1%
2%
3%

Discuss Question

Answer: Option A. -> neither profit nor loss
PROFIT ON FIRST ARTICLE = 20% OF 1000 = 200.
THIS IS EQUAL TO THE LOSS HE MAKES ON THE SECOND ARTICLE. THAT, IS HE MAKES NEITHER PROFIT NOR LOSS.

Question 1975. By selling an article at Rs.600, a profit of 25% is made. Find its cost price?

Rs.350
Rs.400
Rs.573
Rs.480

Discuss Question

Answer: Option D. -> Rs.480
SP = 600
CP = (SP)*[100/(100+P)]
= 600 * [100/(100+25)]
= 600 * [100/125] = RS.480

Question 1976. A person buys an article at Rs.500. At what price should he sell the article so as to make a profit of 20%?

Rs.600
Rs.500
Rs.250
Rs.700

Discuss Question

Answer: Option A. -> Rs.600
COST PRICE = RS.500
PROFIT = 20% OF 500 = RS.100
SELLING PRICE = COST PRICE + PROFIT
= 500 + 100 = 600

Question 1977. At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?

Rs.62.50
Rs.72.50
Rs.75.00
Rs.80.00

Discuss Question

Answer: Option A. -> Rs.62.50
CP = 47.50
SP = 47.50*(125/100) = 59.375
MP*(95/100) = 59.375
MP = 62.5

Question 1978. A man buys milk at a certain rate per liter and after adding water to it sells the mixture at the same rate. Find in what ration he much mix water to milk so as to gain 20% on his outlay?

1:5
1:20
2:5
1:6

Discuss Question

Answer: Option A. -> 1:5
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 1979. A trader marked the price of a car 20% above the cost price and allowed the purchaser 5% discount on the marked price there by gained Rs.8400. Find the cost price of the car?

Rs.60000
Rs.75000
Rs.68400
Rs.78400

Discuss Question

Answer: Option A. -> Rs.60000
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 1980. A trader marked the price of the T.V. 30% above the cost price of the T.V. and gave the purchaser 10% discount on the marked price, thereby gaining Rs.340. Find the cost price of the T.V?