@⇒ Aptitude ⇒ Profit and Loss Multiple Choice Questions / Objective type questions, MCQ's, with question and answers, download free PDF, short cut notes, rapid fire notes, best theory

Home⇒ Aptitude⇒ Profit-and-loss

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Q1.	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% [Wrong Answer]
B.	70% [Correct Answer]
C.	100% [Wrong Answer]
D.	250% [Wrong Answer]
View Answer 1 -2 Explanation:- Answer : B Discuss it below : Let C.P. = Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420. ∴ New C.P. = 125% of Rs. 100 = Rs. 125; New S.P. = Rs. 420. Profit = Rs. (420 - 125) = Rs. 295. _{Required percentage =} ²⁹⁵ _{X 100 %} ⁴²⁰ ₌ ¹³⁷⁵ _{% ≈ 70%} ²¹ Click here for more comments


Q2.	The ratio of the cost price and the selling price is 4 : 5. The profit percent is :
A.	10% [Wrong Answer]
B.	20% [Wrong Answer]
C.	25% [Correct Answer]
D.	30% [Wrong Answer]
View Answer 7 -5 Explanation:- Answer : C Discuss it below : Let C.P. = Rs. 4x. Then, S.P. = Rs. 5x. Gain = Rs. (5x - 4x) = Rs. x _{Gain% =} ^x _{X 100 % = 25%.} ^4x Click here for more comments


Q3.	Kunal bought a suitcase with 15% discount on the labelled price. He sold the suitcase for Rs. 2880 with 20% profit on the labelled price. At what price did he buy the suitcase?
A.	Rs. 2040 [Correct Answer]
B.	Rs. 2400 [Wrong Answer]
C.	Rs. 2604 [Wrong Answer]
D.	Rs. 2640 [Wrong Answer]
View Answer 1 -3 Explanation:- Answer : A Discuss it below : Hurr Said on 2016-05-13 14:54:44 2880=x120/100 x=2400 240085/100=2040 Click here for more comments


Q4.	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% ?
A.	Rs. 400 [Wrong Answer]
B.	Rs. 440 [Wrong Answer]
C.	Rs. 500 [Correct Answer]
D.	Rs. 550 [Wrong Answer]
View Answer 1 -2 Explanation:- Answer : C Discuss it below : Let the C.P. be Rs. x. Then, 20% of x= 1100 => ²⁰/₁₀₀ X x = 1100 => x = 5500 C.P. = Rs. 5500, Expenditure on repairs = 10%. _{Actual price = Rs.} ¹⁰⁰ _{X 5500 = Rs, 5000.} ¹¹⁰ Expenditure on repairs = Rs. (5500 - 5000) = Rs. 500. Click here for more comments


Q5.	A fruitseller sells mangoes at the rate of Rs. 9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5% ?
A.	Rs. 11.81 [Wrong Answer]
B.	Rs. 12 [Wrong Answer]
C.	Rs. 12.25 [Correct Answer]
D.	Rs. 12.31 [Wrong Answer]
View Answer 3 -7 Explanation:- Answer : C Discuss it below : _{80 : 9 = 105 : x or x =} ^{9 X 105} _{= 11.81.} ⁸⁰ Hence, S.P. per kg = Rs. 11.81. Click here for more comments

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