Hello and welcome to exampundit. Here is a set of Quantitative Aptitude Quiz on Profit & Loss problems.   Q:1- A manufacturer makes a profit of 15% by selling a Fridge for Rs.5750. If the cost of manufacturing increased by 30% and the price paid by the retailer is increased by 20%. Find the profit percent made by the manufacturer ?
  1. 6 2/13%
  2. 6 4/13%
  3. 8%
  4. 10%
  5. None of these.
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 1 Explanation: Selling price of Fridge = Rs.5750 Cost price of Fridge =Rs.(100/115×5750) = Rs.5000 New, CP = 130% of 5000 = Rs.6500 Price paid by the retailer = 120% of 5750 New SP = Rs.6900 Profit% = (400/6500×100)% = 6 2/13%. [/su_spoiler]   Q:2- A man sells a TV set for Rs.3450 and makes a profit of 15%. He sells another TV set at a loss of 10%. If on the whole, he neither gains nor losses. Find the selling price of the second TV set ?
  1. Rs.4250
  2. Rs.4400
  3. Rs.4050
  4. Rs.4500
  5. Rs.4555
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 3 Explanation: Selling price of TV =Rs. 3450 Profit = 15% So, CP of TV = 100/115×3450 = Rs.3000 Profit = Rs.450 450, should also be the actual loss on the 2nd TV. Thus, the actual loss = Rs.450(10% of CP) CP of the 2nd TV set =Rs.4500. SP of 2nd Tv = Rs.4050. [/su_spoiler]   Q:3-Deepak purchased a bike at 11/15ℎ of its selling price and sold it at 15% more than its selling price. His gain is:
  1. 25%
  2. 50%
  3. 56 9/11%
  4. 60 9/11%
  5. None of these.
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 3 Explanation: Let S.P. be Rs.x. Then, Cost Price = Rs.11x/15 New selling price = 115% of Rs.x = 115x/100 = 23x/20 Profit =Rs.(23x/20-11x/15) = Rs.5x/12 Profit% = (5x/12 × 15/11x × 100)% = 56 9/11%. [/su_spoiler]   Q:4- A shopkeeper sold sarees at Rs.266 each after giving 5% discount on labelled price. Had he not given the discount, he would have earned a profit of 12% on the cost price. What was the cost price of each saree ?
  1. Rs.230
  2. Rs.240
  3. Rs.250
  4. Rs.260
  5. None of these.
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 3 Explanation: Selling price of 1 saree =Rs.266 Let the labelled price of each saree be Rs.x. Then, 95% of x = 266 X = Rs.(266×100/95) = Rs.280. Now, S.P. = 280 and Profit = 12% So, C.P. = Rs.(100/112×280) = Rs.250. [/su_spoiler]   Q:5- A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered ?
  1. 25%
  2. 26%
  3. 27%
  4. 29%
  5. 30%
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 5 Explanation: Let C.P. be Rs.100.  Then,              S.P. = Rs.123.50 Let marked price be Rs.x. Then,        95% of x = 123.50                            X = Rs. 12350/95                            = Rs.130. Now, selling price = Rs.130 , cost price = 100   So,   Profit % = 30%. [/su_spoiler]   Q:6- Rohan sold an article at a loss of 6½%. Had he sold it for Rs.250 more, he would have gained 5½%. To gain 24½%, he should sell it for:
  1. Rs.259 3 3/4
  2. Rs.279 4 3/8
  3. Rs.289
  4. Rs.290
  5. None of these.
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 1 Explanation: Let c  C.P. be Rs.x. Then, (105 ½% of x) – (93½% of x) = Rs.250                                           ½% 0f X =Rs.250                                                        X=Rs.208 3 1/3                                 Desired  S.P.  = 124½% of 208313                                                         = Rs.259 3 3/4. [/su_spoiler]   Q:7- Deepak sells two commodities for Rs.6000 each, neither gaining nor losing in the deal. If he sold one commodity at a gain of 20%, other commodity is sold at a loss of :
  1. 14 2/7%
  2. 16 2/7%
  3. 18%
  4. 20%
  5. None of these.
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 1 Explanation: Total Selling Price =Rs.12000.                  Total Cost Price  = Rs.12000   (No profit No loss)       S.P. of 1st commodity  = Rs.6000     Profit of 1st commodity = 20%      C.P. of 1st commodity  = Rs.(100/120×6000)                                              = Rs.5,000   C.P. of 2nd commodity  = Rs.(12000-5000)                                            = Rs.7000   S.P. of 2nd commodity = Rs.6000                           Loss %   =  1000/7000 ×100                                         = 14 2/7%. [/su_spoiler]   Q:8- Rohan purchased 150 watches at a price of Rs.120 per watch. He sold 45 watches at a profit of Rs.20 each and 85 watches at a profit of Rs.17 each .The remaining watches were sold at a loss of Rs.11 per watch. what is the average profit per watches?
  1. Rs.11.15
  2. Rs.12.45
  3. Rs.13.16
  4. Rs.14.16
  5. None of these.
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 4 Explanation: Total C.P. = Rs.(150×120)                               = Rs.18,000  Total    S.P.   = Rs.(45×140) + (85×137) + (20×109)                        =Rs.(6,300 + 11,645 + 2,180)                       = Rs.20,125 Average Profit = Rs.(20,125 – 18000)/150                         =Rs.(2125/150)                       = Rs.14.16. [/su_spoiler]   Q:9-A man purchased Rice worth Rs.700. He sold 34th at a gain of 15% and the remaining at a loss of 15%. On the whole, he gets:
  1. 6%
  2. 7.5%
  3. 9.5%
  4. 11.5%
  5. 15%
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 2 Explanation: C.P. of ¾th  = Rs.(700×¾)                                      = Rs.525                C.P. of ¼th   = Rs.175                 Total   S.P. = (85% of Rs.525 + 115% of Rs.175)                                     = Rs.647.50                         Loss% = (52.5/700×100)%                                    = 7.5%. [/su_spoiler]   Q:10- A shopkeeper buy an article for Rs.400 and marks it for sale at a price that gives him 80% of profit on his cost. He, however gives a 15% discount on the marked price to his customer. Calculate the actual percentage profit made by the shopkeeper.
  1. 49%
  2. 51%
  3. 52%
  4. 53%
  5. 55%
[su_spoiler title="Answer" style="fancy" icon="arrow-circle-1"] Option: 4 Explanation: C.P. = Rs.400        Marked price = 180% of 400                                = Rs.720  Discount on M.P.=15% So,                  S.P. = 85% of Rs.720                              = Rs.612              Profit % =( 212/400×100)%                             = 53%. [/su_spoiler] Regards Team EP