# Profit and Loss aptitude questions - Quantitative Aptitude (MCQ)

### Profit and Loss aptitude:

1 If a man were to sell his chair for Rs. 720, he would lose 25%. To gain 25% he should sell it for:

• Rs 1300
• Rs 1200
• Rs 700
• Rs 500
Answer - [ Rs 1200 ]

2. A person sold a horse at a gain of 15%. Had he bought it for 25% less and sold it for Rs. 600 less, he would have made a profit of 32%. The cost price of the horse was:
• Rs 6849
• Rs 3750
• Rs 3790
• Rs 2460
Answer - [ Rs 3750 ]

3 . By selling a bicycle for Rs. 2,850, a shopkeeper gains 14%. If the profit is reduced to 8%, then the selling price will be:
• Rs 2800
• Rs 2600
• Rs 2700
• Rs 3000
Answer - [ Rs 2700 ]

4 . A man sold two chairs at Rs. 1200 each. On one he gained 20% and on the other he loss 20%. His gain or loss in the whole transaction is:
• 2 % loss
• 4 % loss
• 5 % gain
• 8 % gain
Answer - [ 4 % gain ]

5 . A shopkeeper marks his goods 30% above his cost price but allows a discount of 10% at the time of sale. His gain is:
• 31 %
• 21 %
• 17 %
• 50 %
Answer - [ 17 % ]

6 . If the profit per cent got on selling an article is numerically equal to its cost price in rupees and the selling price is Rs. 39, then cost price (in Rs.) will be:
• 44
• 30
• 20
• 25