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

Answer - [ 30 ]

7 . A man buys a field of agricultural land for Rs. 3,60,000. He sells one-third at a loss of 20% and two-fifths at a gain of 25%. At what price must he sell the remaining field so as to make an overall profit of 10%?

• Rs 1,20,000
• Rs 1,30,000
• Rs 1,45,000
• Rs 1,25,000

Answer - [ Rs 1,20,000 ]

8. A bicycle marked at Rs. 2,000, is sold with two successive discount of 20% and 10%.An additional discount of 5% is offered for cash payment. The selling price of the bicycle at cash payment is: Rs  1459 Rs  1368 Rs  4659 Rs  1200 Answer - [ Rs 1368 ] 9 . The marked price of a shirt and trousers are in the ratio 1:2. The shopkeeper gives 40% discount on the shirt. If the total discount in the set of the shirt and trousers is 30%, the discount offered on the trousers is: 45 % 34 % 25 % 50 % Answer - [25 % ] 10 .  A dealer buys an article marked at Rs. 25,000 with 20% and 5% off. He spends Rs. 1,000 for its repairs and sells it for Rs. 25,000. What is his gain or loss per cent? Gain of 10 % Gain of 25 % Loss of 10 % Loss of 25 % Answer - [ Gain of 25 % ]
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