Quant Quiz – Profit & Loss – 15

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.

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%.

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

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.

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.

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%.

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.

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.

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%

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%.

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.

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.

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.

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%.

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.

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.

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%

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%.

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%

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%.

Regards

Team EP

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