Quantitative Aptitude - Profit and Loss - Formula & Concept Quiz

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:

• 1]

  4*4/7 %

• 2]

  5*5/11 %

• 3]

  10%

• 4]

  12%

A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

• 1]

  3

• 2]

  4

• 3]

  5

• 4]

  6

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?

• 1]

  30%

• 2]

  70%

• 3]

  100%

• 4]

  250%

If selling price is doubled, the profit triples. Find the profit percent.

• 1]

  66*2/3

• 2]

  100

• 3]

  105*1/3

• 4]

  120

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:

• 1]

  15

• 2]

  16

• 3]

  18

• 4]

  25

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

• 1]

  No profit, no loss

• 2]

  5%

• 3]

  8%

• 4]

  10%

When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?

• 1]

  Rs. 21,000

• 2]

  Rs. 22,500

• 3]

  Rs. 25,300

• 4]

  Rs. 25,800

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:

• 1]

  Rs. 45

• 2]

  Rs. 50

• 3]

  Rs. 55

• 4]

  Rs. 60

Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:

• 1]

  30%

• 2]

  33*1/3 %

• 3]

  35%

• 4]

  44%

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?

• 1]

  3.5

• 2]

  4.5

• 3]

  5.6

• 4]

  6.5

A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

• 1]

  Rs. 1090

• 2]

  Rs. 1060

• 3]

  Rs. 1190

• 4]

  Rs. 1202

A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?

• 1]

  Rs. 18.20

• 2]

  Rs. 70

• 3]

  Rs. 72

• 4]

  Rs. 88.25

The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?

• 1]

  Rs. 2000

• 2]

  Rs. 2200

• 3]

  Rs. 2400

• 4]

  Data inadequate

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:

• 1]

  14 * 2/7 % gain

• 2]

  15% gain

• 3]

  14 * 2/7 % loss

• 4]

  15% loss

When a commodity is sold Rs. 34.80, there is a loss of 25%. What is the cost price?

• 1]

  36.20

• 2]

  43.40

• 3]

  56.60

• 4]

  46.40

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 %?

• 1]

  Rs. 400

• 2]

  Rs. 440

• 3]

  Rs. 500

• 4]

  Rs. 550

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

• 1]

  130%

• 2]

  140%

• 3]

  150%

• 4]

  160%

If the cost price of 12 pens is equal to the selling price of 8 pens, the gain percent is : 

• 1]

  25%

• 2]

  33*1/3 %

• 3]

  50%

• 4]

  66*2/3 %

 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 :

• 1]

  15%

• 2]

  16*1/16 %

• 3]

  16*2/3 %

• 4]

  20%

By selling 12 oranges for a rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20%?

• 1]

  5

• 2]

  8

• 3]

  10

• 4]

  15

A shopkeeper cheats to the extent of 10% while buying and selling, by using false weights. His total gain is.

• 1]

  20%

• 2]

  21%

• 3]

  22%

• 4]

  23%

A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is

• 1]

  12

• 2]

  15

• 3]

  20

• 4]

  25

A man buys an article for 10% less than its value and sells it for 10% more than its value. His gain or loss percent is:

• 1]

  no profit, no loss

• 2]

  20% profit

• 3]

  less than 20% profit

• 4]

  more than 20% profit

A shopkeeper sells two watches for Rs. 308 each. On one he gets 12% profit and on the other 12 % loss. His profit or loss in the entire transaction was :

• 1]

  Neither Profit , Nor Loss

• 2]

  11/25 % Loss

• 3]

  1* 11/25 % Profit

• 4]

  3* 2/25 % Loss

A cloth merchant sold half of his cloth at 20% profit, half of the remaining at 20% loss and the rest was sold at the cost price. In the total transaction, his gain or loss will be:

• 1]

  Neither Loss, nor gain

• 2]

  5% Loss

• 3]

  5% Gain

• 4]

  10% gain

A person purchases 90 clocks and sells 40 clocks at a gain of 10% and 50 clocks at a gain of 20%. If he sold all of them at a uniform profit of 15%, then he would have got Rs. 40 less. The cost price of each clock is 

• 1]

  Rs. 50

• 2]

  Rs. 60

• 3]

  Rs. 80

• 4]

  Rs. 90

Successive discount of 10%,12% and 15% amount to a single discount of:

• 1]

  32.68%

• 2]

  35.28%

• 3]

  36.68%

• 4]

  None Of These

A businessman sold two cars for Rs. 9900 each, making 10% profit on one and losing 10% on the other. His gain or loss per cent on the two cars is:

• 1]

  No gain, No Loss

• 2]

  Loss of 1%

• 3]

  Gain of 1.5%

• 4]

  Gain of 2%

If the cost of 5 kg of apples is Rs 600, then what will be the cost of 27 kg of apples?

• 1]

  2240

• 2]

  3240

• 3]

  4240

• 4]

  5240

A shopkeeper gives 12% additional discount on the discounted price, after giving an initial discount of 20% on the labelled price of a radio. If the final sale price of the radio is Rs. 704, then what is its labelled price?

• 1]

  Rs 844.80

• 2]

  Rs 929.28

• 3]

  Rs 1000

• 4]

  Rs 1044.8