Quantitative Aptitude Quiz – Profit & Loss Problems

Hello and welcome to exampundit . Here is a set of Quantitative Aptitude Quiz based on moderate level of Profit & Loss Problems

1. If one loss 12% by selling oranges at 14 for a rupee, how many oranges for a rupee should one sell to gain 12%?
(A) 14
(B) 11
(C) 10
(D) 12
(E) None of these
2. A dealer makes his goods 30% above cost price, but makes a reduction of 6 ¼ % on the marked price for ready money. Find his gain per cent.
(A) 21 1/2%
(B) 22%
(C) 23 3/4%
(D) 26 1/7%
(E) None of these

3. A tradesman by means of a false balance defrauds to the extent of 10% in buying goods and also defrauds 10% in selling. What per cent does he gain on his outlay by his dishonesty ?
(A) 10%
(B) 11%
(C) 20%
(D) 21%
(E) None of these
4. Mohan sells two horses for Rs. 1955 each. On one of them he gains 15% and on the other he losses 15%. Find his total gain or loss.
(A) gain of Rs. 90
(B) loss of Rs. 90
(C) No loss no profit
(D) Profit of Rs. 150
(E) None of these
5. A grocer mixes 26 kg. of tea which costs him Rs. 2·00 a kg. with 30 kg. of tea which costs Rs. 3·60 a kg. and sells the mixture at Rs. 3 a kg. What is his total percentage of gain ?
(A) 8%
(B) 5%
(C) 10%
(D) No profit no loss
(E) None of these

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6. A shopkeeper estimates his profit at 22 ½ % of the cost price. If his sale in one week were of Rs. 392, how much of this was his profit ?
(A) 72
(B) 70
(C) 18·2
(D) 88·2
(E) None of these
7. A house was sold for Rs. 12,600 at a profit of 5% on the cost price. What per cent would have been gained if it had been sold for Rs. 13,000 ?
(A) 20%
(B) 9%
(C) 10%
(D) 8 1/3%
(E) None of these

8. A farmer bought a cow for a certain sum and sold it at a loss of 15% of the cost price. If he received Rs. 90 more he would have gained7 ½% on the cost price. How much did the cow cost him ?
(A) Rs. 440
(B) 400
(C) Rs. 1,200
(D) 600
(E) None of these

9. One type writer marked for sale at Rs. 480. Dealer allows discount of 10% and yet makes profit of 8%. What should his gain be if no discount were allowed ?
(A) Rs. 80
(B) Rs. 38·4
(C) Rs. 20
(D) Rs. 48
(E) None of these

10. A draper buys 100 shawls for Rs. 2,450. He sells 76 of them at Rs. 35 each, and the rest at half of that price. How much does he gain ? What is his gain per cent on the cost price ?
(A) Rs. 630, 25 5/7%
(B) Rs. 50, 26 26/49%
(C) Rs. 730, 29 39/49%
(D) Rs. 832, 29 1/4%
(E) None of these


We expect you to solve & discuss these with each other! 🙂


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