Hello and welcome to exampundit. Here is a set of Quantitative Aptitude Quiz based on Profit & loss problems.
Q1. Riya buys milk at Rs 1.80 P per litre, mixes it with
water and sells the mixture at the same price. How much water is added to each
litre of milk if her profit is 10%?
water and sells the mixture at the same price. How much water is added to each
litre of milk if her profit is 10%?
a) 1/10 litre
b) 8/9 litre
c) 2/7 litre
d) 5/11 litre
e) Cannot be determined
Q2. On selling an a book at Rs 565, the gain is 20% more
than the loss incurred on selling it at Rs 485. In order to gain 20%,the
selling price will be how much?
than the loss incurred on selling it at Rs 485. In order to gain 20%,the
selling price will be how much?
a) Rs 600
b) Rs 522
c) Rs 783
d) Rs 147
e) none of these
Q3. The profit percentage of Radio and T.V is same on
selling the products at Rs 1800 each but profit of Radio is calculated on its
Selling Price by mistake while the profit of T.V is calculated correctly on its
Cost Price which is 20%. What is the difference between the profits of both the
products?
selling the products at Rs 1800 each but profit of Radio is calculated on its
Selling Price by mistake while the profit of T.V is calculated correctly on its
Cost Price which is 20%. What is the difference between the profits of both the
products?
a) Rs 150
b) Rs 77
c) Rs 60
d) Rs 90
e) Rs 265
Q4. Laila invested Rs 45,000 to start a bakery business.
After 4 months Kutan joins her by investing Rs 72,000 and another 2 months
later Sejal joins them both by investing Rs 87,500. At the end of a year the
bakery business earned a profit of Rs 21,880. Calculate Sejal’s share in the
profit.
After 4 months Kutan joins her by investing Rs 72,000 and another 2 months
later Sejal joins them both by investing Rs 87,500. At the end of a year the
bakery business earned a profit of Rs 21,880. Calculate Sejal’s share in the
profit.
a) 5,800
b) 7,000
c) 9,000
d) 7,654
e) 11,500
Q5. Kim bought two candies, one at Rs 700 and other at Rs
1100. She sold both of them to Kendall at a price so that she earns a gain of
20%. Kendall sold one of them to Gigi at 30% gain and another to Bella at 20%
loss. At what price did Bella buy the carpet?
1100. She sold both of them to Kendall at a price so that she earns a gain of
20%. Kendall sold one of them to Gigi at 30% gain and another to Bella at 20%
loss. At what price did Bella buy the carpet?
a) Rs 1500
b) Rs 1477
c) Rs 650
d) Rs 823
e) Rs 1337
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Q6. Rohit uses a weighing machine that shows a weight 15gm
more than the actual. He sells rice and he sold different amounts to different
consumers as per their needs. If Rohit sells a total of 35 kg of rice at its
cost price, then how much profit Rohit would earn?
more than the actual. He sells rice and he sold different amounts to different
consumers as per their needs. If Rohit sells a total of 35 kg of rice at its
cost price, then how much profit Rohit would earn?
a) Rs 150
b) Rs 455
c) Rs 230
d) Rs 540
e) cannot be determined
Q7. Rahul bought a house in Gaur’s City whose sale price was
Rs 80 lacs. He availed 10% discount
as an early bird offer and the 5% discount due to cash payment. After that, he
spent 10% of the cost price in interior decoration and furniture of the house.
At what price should he sell the house to earn a profit of 20%?
Rs 80 lacs. He availed 10% discount
as an early bird offer and the 5% discount due to cash payment. After that, he
spent 10% of the cost price in interior decoration and furniture of the house.
At what price should he sell the house to earn a profit of 20%?
a) Rs 1 Crores
b) Rs 80,13,500
c) Rs 90,28,800
d) Rs 24,54,000
e) none
Q8. Jeevan marks up the prices of chocolates by 10% and he
sold only 40% of those at this price. He sells half of the rest at 15% discount
and the rest at 18% discount. What is the net profit of Jeevan?
sold only 40% of those at this price. He sells half of the rest at 15% discount
and the rest at 18% discount. What is the net profit of Jeevan?
a)Rs 100
b) Rs 24
c) Rs 43
d) Rs 16
e) Rs 20
Q9. Due to reduction of 20% in the price of apples a
customer can purchase 6 kg apples more for Rs 240. What is the original price of
an apple?
customer can purchase 6 kg apples more for Rs 240. What is the original price of
an apple?
a) 40
b) 60
c) 22
d) 10
e) 15
Q10. Raman mixes 25% water to his milk and then he sells the
whole mixture at the price of milk. If the cost price of water be 5% of the
cost price of milk, what is the net profit % ?
whole mixture at the price of milk. If the cost price of water be 5% of the
cost price of milk, what is the net profit % ?
a) 40%
b) 13%
c) 26%
d) 55%
e) 11%
Answers & Solutions:
1. A
2. B
3. C
4. B
5. E
6. E – Since neither the actual value nor the amounts of rice that was sold to the consumers are not given; we cannot determine the profit value of Rohit.
7. C
8. D
9. D
10. C
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