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

Quantitative Aptitude

PROFIT AND LOSS MCQs

Profit & Loss

Total Questions : 2016 | Page 199 of 202 pages

Question 1981. A dealer purchased an article at 3/4 of its list price and sold 50% more than the list price. Find his gain percent?

75%
50%
100%
80%

Discuss Question

Answer: Option C. -> 100%
MP = 100
CP = 75
SP = 150
——
75 —- 75
100 —- ? => 100%

Question 1982. Oranges are bought at 11 for a rupee and an equal number more at 9 a rupee. If these are sold at 10 for a rupee, find the loss or gain percent?

1% gain
2% gain
1% loss
2% loss

Discuss Question

Answer: Option C. -> 1% loss
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!

Question 1983. If goods be purchased for Rs.840 and one-fourth be sold at a loss of 20% at what gain percent should the remainder be sold so as to gain 20% on the whole transaction?

30%
33%
33 1/3%
35%

Discuss Question

Answer: Option C. -> 33 1/3%
1/4 CP = 210 SP = 21*(80/100) = 168
SP = 840*(120/100) = 1008
1008 – 168 = 840
3/4 SP = 630
GAIN = 210
630 — 210
100 — ? => 33 1/3%

Question 1984. A man buys an article and sells it at a profit of 20%. If he had bought it at 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?

Rs.370
Rs.375
Rs.350
Rs.300

Discuss Question

Answer: Option B. -> Rs.375
CP1 = 100 SP1 = 120
CP2 = 80 SP2 = 80 * (125/100) = 100
20 —– 100
75 —– ? => 375

Question 1985. A person bought an article and sold it at a loss of 10%. If he had bought it for 20% less and sold it for Rs.75 less, he could have gained 25%. What is the cost price?

Rs.250
Rs.225
Rs.275
Rs.200

Discuss Question

Answer: Option A. -> Rs.250
CP1 = 100 SP1 = 90
CP2 = 80 SP2 = 80 * (140/100) = 112
22 —– 100
55 —– ? => RS.250

Question 1986. I bought two books; for Rs.480. I sold one at a loss of 15% and other at a gain of 19% and then I found each book was sold at the same price. Find the cost of the book sold at a loss?

Rs.28
Rs.280
Rs.140
Rs.70

Discuss Question

Answer: Option B. -> Rs.280
X*(85/100) = (480 – X)119/100
X = 280

Question 1987. A reduction of 25% in the price of oil enables a house wife to obtain 5kgs more for Rs.800, what is the reduced price for kg?

Rs.20
Rs.30
Rs.40
Rs.25

Discuss Question

Answer: Option C. -> Rs.40
800*(25/100) = 200 —- 5
? —- 1 => RS.40

Question 1988. A reduction of 40% in the price of bananas would enable a man to obtain 64 more for Rs.40, what is reduced price per dozen?

Rs.5
Rs.4
Rs.2
Rs.3

Discuss Question

Answer: Option D. -> Rs.3
40*(40/100) = 16 — 64
? — 12 => RS.3

Question 1989. A reduction of 20% in the price of salt enables a lady to obtain 10 kgs more for Rs.100, find the original price per kg?

2 3/2
2 2/3
2.5
3

Discuss Question

Answer: Option C. -> 2.5
100*(20/100) = 20 — 10
? — 1 => RS.2
100 — 80
? — 2 => RS.2.5

Question 1990. A man buys two articles for Rs.1980 each and he gains 10% on the first and loses 10% on the next. Find his total gain or loss percent?