831 + Mcqs in Profit and Loss in Aptitude Page 2 McqOptions

51.

What was the percentage of discount given?
I.
23.5% profit was earned by selling an almirah for Rs. 12,350.
II.
If there were no discount, the earned profit would have been 30%.
III.
The cost price of the almirah was Rs. 10,000.

A.

Only I and II

B.

Only II and III

C.

Only I and III

D.

Any two of the three

E.

None of these

Answer» F.

Discussion

52.

A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage.
I.
The rate of X is Rs. 20 per kg.
II.
The rate of Y is Rs. 13 per kg.

A.

I alone sufficient while II alone not sufficient to answer

B.

II alone sufficient while I alone not sufficient to answer

C.

Either I or II alone sufficient to answer

D.

Both I and II are not sufficient to answer

E.

Both I and II are necessary to answer

Answer» E. Both I and II are necessary to answer

Discussion

53.

By selling a product with 20% profit, how much profit was earned?
I.
The difference between cost and selling price is Rs. 40.
II.
The selling price is 120 percent of the cost price.

A.

I alone sufficient while II alone not sufficient to answer

B.

II alone sufficient while I alone not sufficient to answer

C.

Either I or II alone sufficient to answer

D.

Both I and II are not sufficient to answer

E.

Both I and II are necessary to answer

Answer» B. II alone sufficient while I alone not sufficient to answer

Discussion

54.

A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary?
I.
Sale price of the article
II.
Number of articles sold

A.

Only I is necessary

B.

Only II is necessary

C.

Either I or II is necessary

D.

Both I and II are necessary

E.

None of these

Answer» E. None of these

Discussion

55.	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?
A.	30%
B.	70%
C.	100%
D.	250%
Answer» C. 100%

Discussion

56.

A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary?
I.
Number of toys sold.
II.
Cost price of each toy.

A.

Only I is necessary

B.

Only II is necessary

C.

Both I and II are necessary

D.

Either I or II ins necessary

E.

None of these

Answer» C. Both I and II are necessary

Discussion

57.	A retailer increase the selling price by 25% due to which his profit percentage increases from 20% to 25%. What is the percentage increase in cost price ?
A.	20%
B.	30%
C.	25%
D.	50%
Answer» B. 30%

Discussion

58.	The price of an article reduces to 576 after two successive discounts. The markup is 80% above the cost price of Rs. 500.What is the new profit percentage if instead of two successive discount the markup price was further increased successively two times by the same percentage?
A.	259.2%
B.	59.2%
C.	159.2%
D.	can t be determined
Answer» D. can t be determined

Discussion

59.	I wanted to purchase 10 chairs for the class room whose cost was Rs. 200 each. the trader offered me a discount if I were to purchase a set of 12 chairs. So I calculated that if I assume the normal price of 10 chairs then we can purchase 2 extra chairs which cost me only Rs. 80 each of two chairs at the cost price of 12 chairs after discount. What is the percentage discount?
A.	6%
B.	8%
C.	12%
D.	10%
Answer» E.

Discussion

60.	A trader sells goods to a customer at a profit of k% over the cost price, besides it he cheats his customer by giving 880 g only instead of 1 kg. Thus his overall profit percentage is 25%. Find the value of k ?
A.	8.33%
B.	8.25%
C.	10%
D.	12.5%
Answer» D. 12.5%

Discussion

61.	A scientific calculator is available at Universal Shoppe in Hazratganz at 20% discount and the same is available at only 15% discount at universal shoppe Bhootnath market. Ms. Agrawal has just sufficient amount of Rs.800 to purchase it at universal Shoppe Hazratganz. What is the amount that Ms. Agrawal has less than the required amount to purchase it at universal soppe Bhootnath ?
A.	Rs. 70
B.	Rs. 50
C.	Rs. 100
D.	data insufficient
Answer» C. Rs. 100

Discussion

62.	A person wants to reduce the trade tax so he calculates his profit on the sale price instead of on the cost price.In this way by selling a article for Rs. 280 he calculates his profit as 14
A.	20 %
B.	16.66 %
C.	25 %
D.	data insufficient
Answer» C. 25 %

Discussion

63.	Anna sold his car Boney at a profit of 20% and Boney sold it to Chakori at a profit of 10%. Chakori sold it to mechanic at a loss of 9.09%.Mechanic spent 10% of his purchasing price and then sold it at a profit of 8.33% to Anna once again. what is the loss of Anna?
A.	23%
B.	29%
C.	50%
D.	40%
Answer» B. 29%

Discussion

64.	I asked the shopkeeper the price of a wristwatch. I found that I had just the required sum of money. When the shopkeeper allowed me a discount of 25%, I could bought another watch worth Rs. 940 for my younger sister. What is the price Which I have paid for my own watch?
A.	Rs. 2700
B.	Rs.1800
C.	Rs. 2820
D.	Rs. 3760
Answer» D. Rs. 3760

Discussion

65.	A reduction of 20% in the price of sugar enables a housewife to purchase 6 kg more for Rs. 240. What is the original price per kg of sugar ?
A.	Rs. 10 per kg
B.	Rs. 8 per kg
C.	Rs. 6 per kg
D.	Rs. 5 per kg
Answer» B. Rs. 8 per kg

Discussion

66.	Due to reduction of 25% in price of oranges a customer can purchase 4 oranges more for Rs. 16. What is the original price of an oranges?
A.	Re. 1
B.	Re. 1.33
C.	Re. 1.5
D.	Re. 1.6
Answer» C. Re. 1.5

Discussion

67.	Kamal bought a house in Sushant city, whose sale price was Rs. 8 lakh. He availed 20% discount as an early bird offer and then 10% discount due to cash payment. After that he spent 10% of the cost price in interior decoration and lawn of the house. At what price should be sell the house to earn a profit of 25% ?
A.	Rs. 9 lakh
B.	Rs. 7.99 lakh
C.	Rs. 7.92 lakh
D.	none of these
Answer» D. none of these

Discussion

68.	A retailer bought 20 kg tea at a discount of 10%. Besides 1 kg tea was freely offered to him by the wholesaler at the purchase of 20 kg tea. Now he sells all the at marked price to a customer.What is the profit percentage of retailer?
A.	30%
B.	12%
C.	16.66%
D.	none of these
Answer» D. none of these

Discussion

69.	The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater then the corresponding cost price by 33.33%, what is the increased selling price ?
A.	240
B.	360
C.	420
D.	600
Answer» D. 600

Discussion

70.	Anupam sells a painting to Bhargava at 4/5
A.	1896
B.	2040
C.	1680
D.	2000
Answer» C. 1680

Discussion

71.	A merchant marks his good at Rs. 300 and allows a discount of 25%. If he still gains 12.25%, then the cost price of article is :
A.	220
B.	200
C.	240
D.	260
Answer» C. 240

Discussion

72.	Rotomac produces very fine quality of writing pens. Company knows that on average 10% of the produced pens are always defective so are rejected before packing. Company promises to deliver 7200 pens to its wholesaler at Rs. 10 each. It estimates the overall profit on all the manufactured pens to be 25%. What is the manufacturing cost of each pen?
A.	Rs. 6
B.	Rs. 7.2
C.	Rs. 5.6
D.	Rs. 8
Answer» C. Rs. 5.6

Discussion

73.	Pankaj and Sushil invested some amount of money in the ratio of 3 : 5 for the same period in the business.They decided that at the end of the year 20% profit was to be given to AIDS Control Society of india as a donation. Out of the remaining, 75% was to be reinvested and the rest of the profit was to be divided as interest on their capitals.If the difference in there share is Rs. 1200. Find the total profit?
A.	18000
B.	24000
C.	20000
D.	none of these
Answer» C. 20000

Discussion

74.	Jagran group launched a new magazine in January 2004. The group printed 10000 copies initially for Rs. 50000. It distributed 20% of its stock freely as specimen copy and 25% of the rest magazine are sold at 25% discount and rest at 16.66% discount whose printing price was Rs.12 per copy. What is the overall gain or loss in the first month's issue of magazine, if the magazine could not realize the income from advertisements or other resources?
A.	56% profit
B.	27% loss
C.	16.66% profit
D.	38% profit
Answer» B. 27% loss

Discussion

75.	Teenagers shoe company sells the shoes whose prices i.e.,cost price and selling price are the multiples of either 13,14,15,16,17,18 or 19, starting from Rs. 399 to Rs.699 (i.e, 399
A.	Rs. 292
B.	Rs. 398
C.	Rs. 298
D.	Rs. 300
Answer» D. Rs. 300

Discussion

76.	In the Bargain Bazar everyone purchase with a fair bargaining, so the traders markup the prices too much. A trader marked up an article at Rs. M expected huge profit if it is sold on the marked price. But a customer purchased it at M/2 with his fine bargaining skills, so the expected profit of the trader diminished by 66.66%. What is the percentage discount fetched by the customer through bargaining?
A.	33.33 %
B.	50%
C.	66.66%
D.	none of these
Answer» C. 66.66%

Discussion

77.	Jhun Jhunwala makes 1000 toys and incurs a cost of Rs. 1.2 for each toy. He marks-up the price in such a way that if he sells only 70% of manufactured toys he will realize 16.66% overall profit. He sells only 750 articles at the marked price since rest of the toys are found to be defective so can't be sold. What is the net profit or loss of Jhun Jhunwala?
A.	14.44% loss
B.	25% profit
C.	33.33% profit
D.	none of these
Answer» C. 33.33% profit

Discussion

78.	The cost of setting up a magazine is Rs. 2800. The cost of paper and ink etc is Rs. 80 per 100 copies and printing cost is Rs.160 per 100 copies. In the last month 2000 copies were printed but only 1500 copies could be sold at Rs. 5 each. Total 25% profit on the sale price was realized. There is one more resource of income from the magazine which is advertising. What some of money was obtained from the advertising in magazine?
A.	Rs. 1750
B.	Rs. 2350
C.	Rs. 1150
D.	Rs. 1975
Answer» E.

Discussion

79.	BSNL charges a fixed rental of Rs. 350/month. It allows 200 calls free per month. Each call is charged at Rs.1.4 when the number of calls exceeds 200/month and it charges Rs.1.6 when the number of calls exceeds 400/month and so on. A customer made 150 calls in February and 250 calls in March. By how much percent the each call is cheaper in March then each call is February?
A.	28%
B.	25%
C.	18.5%
D.	none of these
Answer» B. 25%

Discussion

80.	Assuming that profit of a shopkeeper in a particular commodity is a linear expression of transportation charge (t) and the quantity of commodity (q) . He earns a profit of 10000 by selling 20 units at the transport charge of 400. He also earn a profit of 12000 by selling 25 units at the transport charge of 600. What is the linear expression in t and q ?
A.	600q - 5t
B.	500q - 4t
C.	600q - 4t
D.	500q - 5t
Answer» E.

Discussion

81.	A person sold a table at a gain of 15%. Had he bought it for 25% less and sold it for 60 less, he would have made a profit of 32%. The cost price of table was
A.	300
B.	350
C.	375
D.	400
Answer» D. 400

Discussion

82.	A dealer buys an article marked at 25000 with 20% and 5% off. He spends 2000 on its repair and sells it for 25000. What is his gain or loss per cent?
A.	21% loss
B.	10.50% loss
C.	19.05% gain
D.	25% gain
Answer» D. 25% gain

Discussion

83.	Cost of a packet of coffee powder and a litre of milk are 20 and 30 respectively. 10 cups of coffee is made with one packet coffee powder and for each cup 200 ml of milk is used. If coffee is sold at 25% profit, the selling price of each cup of coffee is
A.	12.50
B.	6.25
C.	8
D.	10
Answer» E.

Discussion

84.	A shopkeeper sells transistors at 15% above its cost price. If he had bought it at 5% more than what he paid for it and sold it for 6 more, he would have gained 10%. The cost price of the transistor is ?
A.	800
B.	1000
C.	1200
D.	1400
Answer» D. 1400

Discussion

85.	A merchant earns a profit of 20% by selling a basket containing 80 apples whose cost is 240 but he gives one-fourth of it to his friend at cost price and sells the remaining apples. In order to earn the same profit, at what price must he sell each apple ?
A.	3.00
B.	3.60
C.	3.80
D.	4.80
Answer» D. 4.80

Discussion

86.	A bookseller sells a book at a gain of 10%. if he had bought it at 4% less and sold it for 6 more, he would have gained 118
A.	130
B.	140
C.	150
D.	160
Answer» D. 160

Discussion

87.	A trader purchases a watch and a wall clock for 390. He sells them making a profit of 10% on the watch and 15% on the wall clock. He earnes a profit of 51.50. The difference between the original prices of the wall clock and the watch is equal to
A.	110
B.	100
C.	80
D.	120
Answer» B. 100

Discussion

88.	A merchant has 1000 kg of sugar, part of which he sells at 8% profit and the rest at 18% profit. He gains 14% on the whole. The quantity sold at 18% profit is
A.	500 kg
B.	600 kg
C.	400 kg
D.	640 kg
Answer» C. 400 kg

Discussion

89.	Prathiba printers prepares diaries expecting to earn a profit of 40% by selling on the marked price. But during transportation 8% diaries were got spoiled due to at random rain and 32% could be sold only at 75% of the cost price. Thus the remaining 60% diaries could be sold at the expected price. What is the net profit or loss in the whole consignment?
A.	6%
B.	10%
C.	8%
D.	can t be determined
Answer» D. can t be determined

Discussion

90.	Radhey Lal markup the prices of sweets by 40% and he sold only 40% of those at this price. He sells half of the rest at 14
A.	26.5%
B.	23.5%
C.	30%
D.	28.6%
Answer» C. 30%

Discussion

91.	A trader marks up his goods by 80% and gives discount of 25%. Besides it he weighs 10% less amount while selling his goods. What is the net profit of trader?
A.	50%
B.	35%
C.	45%
D.	55%
Answer» B. 35%

Discussion

92.	Akram Miya has two types of grapes. One is the fresh grapes containing 80% water and dry grapes containing 25% water. He sells 20 kg dry grapes, by adding water to the dry grapes, at cost price. What is the total profit percentage when after adding water the weight of 20 kg dry grapes increase in the proportion of water in fresh grapes?
A.	275%
B.	200%
C.	80%
D.	125%
Answer» B. 200%

Discussion

93.	A person bought two bicycles for 1600 and sold the first at 10% profit and the second at 20% profit. If he sold the first at 20% profit and the second at 10% profit, he would get 5 more. The difference in the cost price of the two bicycles was
A.	25
B.	75
C.	50
D.	40
Answer» D. 40

Discussion

94.	A trader use a weighing balance that shows 1250 g for a kilogram. He further marks- up his cost price by 20%. what is the profit percentage ?
A.	5 %
B.	45 %
C.	50 %
D.	30 %
Answer» D. 30 %

Discussion

95.	Ragini purchases oranges at Rs. 10 per dozen and sells them at Rs. 12 for every 10 oranges. What is the profit percentage ?
A.	40 %
B.	44 %
C.	60 %
D.	48 %
Answer» C. 60 %

Discussion

96.	A vendor sells his articles at a certain profit percentage. If he sells his articles at 1/3 of his actual selling price,then he incurs a loss of 40%. What is his actual profit percentage?
A.	72%
B.	120%
C.	80%
D.	none of these
Answer» D. none of these

Discussion

97.	A and B are two partners and they have invested Rs. 54,000 and Rs. 90,000 in business. After one year A received Rs 1800 as his share of profit out of total profit of Rs. 3600 including his certain commission on total profit since he is a working partner and rest profit is received by B. what is the commission of A as a percentage of the total profit?
A.	20%
B.	10%
C.	5%
D.	25%
Answer» B. 10%

Discussion

98.	A balance of a trader weighs 10% less then it should be. still the trader marks-up his goods to get the overall profit of 20%. What is the mark up on the cost price ?
A.	40%
B.	8%
C.	25%
D.	16.66%
Answer» C. 25%

Discussion

99.	The cost of servicing of a Maruti car at Maruti care Pvt. Ltd. is Rs. 400. Manager of service center told me that for the second service within a year a customer can avail a 10% discount and further for third and forth servicing he can avail 10% discount of the previous amount paid, within a year Further if a customer gets more than 4 services within a year he has to pay just 60% of the servicing charges on these services. A customer availed 5 services from the same servicing station, What is the total percentage discount fetched by the customer?
A.	19.42%
B.	18.5%
C.	17.6%
D.	26%
Answer» B. 18.5%

Discussion

100.	By selling a wrist watch of Rs.405 the shopkeeper incurs a loss of 10%. What is the gain or loss percentage if he sells the same watch at Rs. 465?
A.	profit of 10%
B.	less of 6 %
C.	profit of 3.33 %
D.	no profit no loss
Answer» D. no profit no loss

Discussion

Explore topic-wise MCQs in Aptitude.

What was the percentage of discount given? I. 23.5% profit was earned by selling an almirah for Rs. 12,350. II. If there were no discount, the earned profit would have been 30%. III. The cost price of the almirah was Rs. 10,000.

A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage. I. The rate of X is Rs. 20 per kg. II. The rate of Y is Rs. 13 per kg.

By selling a product with 20% profit, how much profit was earned? I. The difference between cost and selling price is Rs. 40. II. The selling price is 120 percent of the cost price.

A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary? I. Sale price of the article II. Number of articles sold

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?

A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary? I. Number of toys sold. II. Cost price of each toy.

A retailer increase the selling price by 25% due to which his profit percentage increases from 20% to 25%. What is the percentage increase in cost price ?

The price of an article reduces to 576 after two successive discounts. The markup is 80% above the cost price of Rs. 500.What is the new profit percentage if instead of two successive discount the markup price was further increased successively two times by the same percentage?

A trader sells goods to a customer at a profit of k% over the cost price, besides it he cheats his customer by giving 880 g only instead of 1 kg. Thus his overall profit percentage is 25%. Find the value of k ?

A person wants to reduce the trade tax so he calculates his profit on the sale price instead of on the cost price.In this way by selling a article for Rs. 280 he calculates his profit as 14

Anna sold his car Boney at a profit of 20% and Boney sold it to Chakori at a profit of 10%. Chakori sold it to mechanic at a loss of 9.09%.Mechanic spent 10% of his purchasing price and then sold it at a profit of 8.33% to Anna once again. what is the loss of Anna?

I asked the shopkeeper the price of a wristwatch. I found that I had just the required sum of money. When the shopkeeper allowed me a discount of 25%, I could bought another watch worth Rs. 940 for my younger sister. What is the price Which I have paid for my own watch?

A reduction of 20% in the price of sugar enables a housewife to purchase 6 kg more for Rs. 240. What is the original price per kg of sugar ?

Due to reduction of 25% in price of oranges a customer can purchase 4 oranges more for Rs. 16. What is the original price of an oranges?

A retailer bought 20 kg tea at a discount of 10%. Besides 1 kg tea was freely offered to him by the wholesaler at the purchase of 20 kg tea. Now he sells all the at marked price to a customer.What is the profit percentage of retailer?

The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater then the corresponding cost price by 33.33%, what is the increased selling price ?

Anupam sells a painting to Bhargava at 4/5

A merchant marks his good at Rs. 300 and allows a discount of 25%. If he still gains 12.25%, then the cost price of article is :

Teenagers shoe company sells the shoes whose prices i.e.,cost price and selling price are the multiples of either 13,14,15,16,17,18 or 19, starting from Rs. 399 to Rs.699 (i.e, 399

A person sold a table at a gain of 15%. Had he bought it for 25% less and sold it for 60 less, he would have made a profit of 32%. The cost price of table was

A dealer buys an article marked at 25000 with 20% and 5% off. He spends 2000 on its repair and sells it for 25000. What is his gain or loss per cent?

Cost of a packet of coffee powder and a litre of milk are 20 and 30 respectively. 10 cups of coffee is made with one packet coffee powder and for each cup 200 ml of milk is used. If coffee is sold at 25% profit, the selling price of each cup of coffee is

A shopkeeper sells transistors at 15% above its cost price. If he had bought it at 5% more than what he paid for it and sold it for 6 more, he would have gained 10%. The cost price of the transistor is ?

A merchant earns a profit of 20% by selling a basket containing 80 apples whose cost is 240 but he gives one-fourth of it to his friend at cost price and sells the remaining apples. In order to earn the same profit, at what price must he sell each apple ?

A bookseller sells a book at a gain of 10%. if he had bought it at 4% less and sold it for 6 more, he would have gained 118

A trader purchases a watch and a wall clock for 390. He sells them making a profit of 10% on the watch and 15% on the wall clock. He earnes a profit of 51.50. The difference between the original prices of the wall clock and the watch is equal to

A merchant has 1000 kg of sugar, part of which he sells at 8% profit and the rest at 18% profit. He gains 14% on the whole. The quantity sold at 18% profit is

Radhey Lal markup the prices of sweets by 40% and he sold only 40% of those at this price. He sells half of the rest at 14

A trader marks up his goods by 80% and gives discount of 25%. Besides it he weighs 10% less amount while selling his goods. What is the net profit of trader?

A person bought two bicycles for 1600 and sold the first at 10% profit and the second at 20% profit. If he sold the first at 20% profit and the second at 10% profit, he would get 5 more. The difference in the cost price of the two bicycles was

A trader use a weighing balance that shows 1250 g for a kilogram. He further marks- up his cost price by 20%. what is the profit percentage ?

Ragini purchases oranges at Rs. 10 per dozen and sells them at Rs. 12 for every 10 oranges. What is the profit percentage ?

A vendor sells his articles at a certain profit percentage. If he sells his articles at 1/3 of his actual selling price,then he incurs a loss of 40%. What is his actual profit percentage?

A balance of a trader weighs 10% less then it should be. still the trader marks-up his goods to get the overall profit of 20%. What is the mark up on the cost price ?

By selling a wrist watch of Rs.405 the shopkeeper incurs a loss of 10%. What is the gain or loss percentage if he sells the same watch at Rs. 465?

What was the percentage of discount given?
I.
23.5% profit was earned by selling an almirah for Rs. 12,350.
II.
If there were no discount, the earned profit would have been 30%.
III.
The cost price of the almirah was Rs. 10,000.

A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage.
I.
The rate of X is Rs. 20 per kg.
II.
The rate of Y is Rs. 13 per kg.

By selling a product with 20% profit, how much profit was earned?
I.
The difference between cost and selling price is Rs. 40.
II.
The selling price is 120 percent of the cost price.

A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary?
I.
Sale price of the article
II.
Number of articles sold

A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary?
I.
Number of toys sold.
II.
Cost price of each toy.