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 ?

- 6 2/13%
- 6 4/13%
- 8%
- 10%
- None of these.

Answer

**Option:**Â 1

**Explanation:**Â Selling price of Fridge = Rs.5750

Cost price of Fridge =Rs.(100/115Ã—5750) = Rs.5000

New, CP = 130% of 5000 = Rs.6500

Price paid by the retailer = 120% of 5750

New SP = Rs.6900

Profit% = (400/6500Ã—100)%

= 6 2/13%.

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 ?

- Rs.4250
- Rs.4400
- Rs.4050
- Rs.4500
- Rs.4555

Answer

**Option:**Â 3

**Explanation:**Â Selling price of TV =Rs. 3450

Profit = 15%

So, CP of TV = 100/115Ã—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.

Q:3-Deepak purchased a bike at 11/15â„Ž of its selling price and sold it at 15% more than its selling price. His gain is:

- 25%
- 50%
- 56 9/11%
- 60 9/11%
- None of these.

Answer

**Option:**Â 3

**Explanation:**Â 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 Ã— 15/11x Ã— 100)%

= 56 9/11%.

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 ?

- Rs.230
- Rs.240
- Rs.250
- Rs.260
- None of these.

Answer

**Option:**Â 3

**Explanation:**Â Selling price of 1 saree =Rs.266

Let the labelled price of each saree be Rs.x.

Then, 95% of x = 266

X = Rs.(266Ã—100/95)

= Rs.280.

Now, S.P. = 280 and Profit = 12%

So, C.P. = Rs.(100/112Ã—280)

= Rs.250.

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 ?

- 25%
- 26%
- 27%
- 29%
- 30%

Answer

**Option:**Â 5

**Explanation:**

Let C.P. be Rs.100.

Â Then, Â Â Â Â Â Â Â Â Â Â Â Â Â S.P. = Rs.123.50

Let marked price be Rs.x.

Then, Â Â Â Â Â Â Â 95% of x = 123.50

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â X = Rs. 12350/95

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.130.

Now, selling price = Rs.130 , cost price = 100

Â Â So, Â Â Profit % = 30%.

Q:6- Rohan sold an article at a loss of 6Â½%. Had he sold it for Rs.250 more, he would

have gained 5Â½%. To gain 24Â½%, he should sell it for:

- Rs.259 3 3/4
- Rs.279 4 3/8
- Rs.289
- Rs.290
- None of these.

Answer

**Option:**Â 1

**Explanation:**

Let c Â C.P. be Rs.x.

Then, (105Â Â½% of x) â€“ (93Â½% of x) = Rs.250

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â½% 0f X =Rs.250

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â X=Rs.208 3Â 1/3

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Desired Â S.P. Â = 124Â½% of 208313

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.259 3Â 3/4.

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 :

- 14 2/7%
- 16 2/7%
- 18%
- 20%
- None of these.

Answer

**Option:**Â 1

**Explanation:**

Total Selling Price =Rs.12000.

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Total Cost Price Â = Rs.12000 Â Â (No profit No loss)

Â Â Â Â Â Â S.P. of 1st commodity Â = Rs.6000

Â Â Â Â Profit of 1st commodity = 20%

Â Â Â Â Â C.P. of 1st commodity Â = Rs.(^{100}/_{120Ã—}6000)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.5,000

Â Â C.P. of 2nd commodity Â = Rs.(12000-5000)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.7000

Â Â S.P. of 2nd commodity = Rs.6000

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Loss % Â Â = Â 1000/7000 Ã—100

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = 14Â 2/7%.

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?

- Rs.11.15
- Rs.12.45
- Rs.13.16
- Rs.14.16
- None of these.

Answer

**Option:**Â 4

**Explanation:**

Total C.P. = Rs.(150Ã—120)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.18,000

Â Total Â Â Â S.P. Â Â = Rs.(45Ã—140) + (85Ã—137) + (20Ã—109)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â =Rs.(6,300 + 11,645 + 2,180)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.20,125

Average Profit = Rs.(20,125 â€“ 18000)/150

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â =Rs.(2125/150)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.14.16.

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:

- 6%
- 7.5%
- 9.5%
- 11.5%
- 15%

Answer

**Option:**Â 2

**Explanation:**

C.P. of Â¾th Â = Rs.(700Ã—Â¾)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.525

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â C.P. of Â¼th Â Â = Rs.175

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Total Â Â S.P. = (85% of Rs.525 + 115% of Rs.175)

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.647.50

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Loss% = (52.5/700Ã—100)%

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = 7.5%.

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.

- 49%
- 51%
- 52%
- 53%
- 55%

Answer

**Option:**Â 4

**Explanation:**

C.P. = Rs.400

Â Â Â Â Â Â Â Marked price = 180% of 400

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.720

Â Discount on M.P.=15%

So, Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â S.P. = 85% of Rs.720

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = Rs.612

Â Â Â Â Â Â Â Â Â Â Â Â Â Profit % =( 212/400Ã—100)%

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â = 53%.

Regards

Team EP

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