03 Topic wise Quantitative Aptitude Quiz with Solution for all Exam

Topic wise Quantitative Aptitude Quiz with Solution for all Exam

Quantitative Aptitude Quiz Topic: Profit & Loss  

1 >>Q3. If the cost price of 15 tables be equal to the selling price of 20 tables the loss per cent is- ?

• (A) 0.31
• (B) 0.25
• (C) 0.33
• (D) 23¹/₃%

Solution Exp. Let cost price of one table = A, selling price =15A = 20B, B = 3/4Loss percent = (A-B)/A = (A - 3/4 A)/A = 1/4 = 25%.

2 >>Q4. If goods are purchased for Rs.900, one third of them sold at a profit at 10%, at what profit per cent should the remaining be sold to obtain a profit per cent of 15% ? ?

• (A) 0.18
• (B) 0.19
• (C) 0.21
• (D) 0.175

Solution Exp. Profit for the 1/3rd of goods = (1/3)(10% of 900)= 30.Total profit to be obtained = (15% of 900) = 135.Let X be the percentage of profit to be made on remaining two third of the goods.(2/3)(X% of 900) = 135 - 30 = 105.X% of 900 = 157.5.(X/100)900 = 157.5.X = 17.5.

3 >>Q6. A shopkeeper sells sugar at cost price, but by using in correct weights, he gives only 800 gms for every 1 kg. What is the shopkeepers profit percentage? ?

• (A) 0.21
• (B) 0.26
• (C) 0.25
• (D) 0.37

Solution Exp. Let cost price of 1kg of sugar = X.Cost price of 800g of sugar = 0.8X.Selling price of 800g of sugar = X.Profit = (X - 0.8X)/(0.8X) = 0.25 = 25%.

4 >>Q7. Suresh purchases 45 pens for Rs.1125 and sells at 42 pens for Rs.1134. What is the profit % ?

• (A) 0.02
• (B) 0.09
• (C) 0.1
• (D) 0.08

Solution Exp. Cost price of one pen = Rs. 1125 / 45 = 25.Selling price of one pen = Rs. 1134 / 42 = 27.Profit = (27-25)/25 = 0.08 = 8%.

Download 5 >>Q8. If the cost price of 6 apples is equal to the selling price of 5 apples, then the profit % is- ?

• (A) 0.25
• (B) 0.2
• (C) 0.32
• (D) 0.27

Solution Exp. Let cost price of 6 apples = A ( = Selling price of 5 apples).Cost price of one apple = A/6.Selling price of one apple = A/5.Profit = (A/5 - A/6)/(A/6) = 0.2 = 20%.

6 >>Q9. Sumit sells a dog to Rohit for Rs.4860, thereby losing 19%, Rohit sells it to Juhi at a price which would have given Sumit, 17% profit. What is Rohit's gain? ?

• (A) Rs. 2,110
• (B) Rs. 2,160
• (C) Rs. 2,270
• (D) Rs. 1,145

Solution Exp. Let S be the cost of dog.S - 19% of S = 4860, 0.81S = 4860, S = 6000.17% profit on S = 0.17 x 6000 = 1020.Rohit's profit = (6000 - 4860) + 1020 = 2160.

7 >>Q10. Toffees are bought at the rate of 8 for a rupee. To gain 60% they must be sold at- ?

• (A) 5 for a rupee
• (B) 2 for a rupee
• (C) 8 for a rupee
• (D) 9 for a rupee

Solution Exp. Cost price of one toffee = 1/8.Let selling price of one toffee =Profit = (A - 1/8)/(1/8) = 60% = 0.6.A = 0.2.Number of toffees to be sold for a ruppee = 1/0.2 = 5.

8 >>Q12. A person purchased a certain number of fruits for Rs.1800. One third of fruits sold at a loss of 10%. At what per cent of profit should he sell the remaining fruits so as to achieve a profit of 20% overall? ?

• (A) 0.35
• (B) 0.29
• (C) 0.31
• (D) 0.45

Solution Exp. Loss occured = (1/3)(10% of 1800) = 60.Amount of profit at 20% = (20% of 1800) = 360.Amount to be gained = 360 + 60 = 420.Let profit percent for remaining fruits = X.(2/3)(X/100)(1800) = 420.X = 35%.

9 >>Q14. A cloth merchant sells at cost price but uses in correct scale to measure the cloth. If he achieves 10% profit, then what is the length of the cloth he sells for every 100 m? ?

• (A) 90 m
• (B) 19 m
• (C) 19.5 m
• (D) 90.9 m

Solution Exp. Let X be the length of cloth he sells for every 100m.X + 10% of X = 100, 1.1X = 100, X = 90.9.

10 >>Q15. By selling an article for certain amount a person incurs a loss of 30%. If he sells for Rs.256 more, then he incurs 10% loss. What is the cost price of the article? ?

• (A) Rs. 1,120
• (B) Rs. 1,000
• (C) Rs. 1,280
• (D) Rs. 900

Solution Exp. Let C be the cost price.Let S be the price he sold the article at 30% loss.S = C - 30% ofS = 0.7S + 256 = C - 10% ofS + 256 = 0.90.7C + 256 = 0.9C = 1280.

11 >>Q17. Shobhit buys 50 dozen eggs at Rs. 4 per dozen, out of which 40 eggs found broken. At what rate did he sell the remaining eggs to gain 5%? ?

• (A) Rs. 2.5/dozen
• (B) Rs. 3.5/dozen
• (C) Rs. 4.5/dozen
• (D) None of these

Solution Exp. Total number of eggs = 50 x 12 = 600.Total cost of eggs = 50 x 4 = 200.Number of eggs remaining = 600 - 40 = 560.Let X be the selling price of one egg to get a gain of 5%.560X = 200 + 5% of 200.560X = 1.05 x 200.X = 0.375.Price per dozen = 0.375 x 12 = 4.5.

12 >>Q19. A businessman buys 100 apples at 50 paise per apple and 50 oranges at 60 paise per orange, out of which 10% apples and 10% oranges were destroyed. The businessman sells the remaining apples at 70 paise per apple and oranges at rupee one per orange. How much percentage of gain that businessman gets? ?

• (A) 0.35
• (B) 0.25
• (C) 0.3
• (D) 0.2

Solution Exp. Total cost = 100x0.5 + 50x0.6 = 80.Total selling amount = (0.9 x 100 x 0.7) + (0.9 x 50 x 1) = 108.Profit = (108 - 80)/(80) = 0.35 = 35%.

13 >>Q22. Two shopkeepers declares the same price Rs.1700 for a machine. First shopkeeper allowed two discounts of 30% and 6%, while the second shopkeeper allowed two discounts of 20% and 16%. How much less money accepted by the shopkeeper? ?

• (A) Rs. 23.8
• (B) Rs. 10.8
• (C) Rs. 9.8
• (D) Rs. 28

Solution Exp. Final price offered by first shopkeeper = (1 - 0.06)(1-0.3)1700 = 1118.6.Final price offered by second shopkeeper = (1 - 0.16)(1-0.2)1700 = 1142.4.1142.4 - 1118.6 = 23.8.Rs. 23.8 lesser is accepeted by first shopkeeper.

14 >>Q23. Ambika purchased a shop for Rs.10000. She sold it to Shaila at a profit of 20% of cost price. Again Shaila sold that shop to Ambika at a loss of 10%. How much profit Ambika got in total transaction ? ?

• (A) Rs.1,220
• (B) Rs.1,200
• (C) Rs. 1,300
• (D) Rs. 1,600

Solution Exp. Shaila bought shop for 10000 + 20% of 10000 = 12000.Initial profit for Ambika = 2000.Ambika bought shop for 12000 - 10% of 12000 = 10800.Total Profit = 2000 - 800 = 1200 (800 extra to be paid by Ambika to buy shop for 10800, hence it is a loss).

Download 15 >>Q24. Sumit bought a dog for Rs.9,000. He sold this dog to Sunita at 20% loss of cost price. Again Sunita sold the dog to Sumit at 20% profit. How much gain or loss happen to Sumit in total transaction ? ?

• (A) Rs.1,510
• (B) Rs.1,500
• (C) Rs.1,440
• (D) Rs.1,400

Solution Exp. Initial loss = 20 % of 9000 = 1800.Sunita bought dog for 9000 - 1800 = 7200.She sells it at 20% profit, selling price = 7200 + 20% of 7200 = 8640.Gain for Sumit = 9000 - 8640 = 360.Total loss = 1800 - 360 = 1440.

16 >>Q25. Shilpa bought 18 kg of sugar at Rs. 4.50 per kg and 12 kg of sugar at Rs.3.50 per kg. She sold the mixture of both for Rs.5 per kg. How much profit she got in this bargain? ?

• (A) Rs.17
• (B) Rs.27
• (C) Rs.37
• (D) Rs.32

Solution Exp. Total Cost price = 18x4.50 + 12x3.50 = 123.Total Selling price = 30 x 5 = 150.Profit = 150-123 = 27.

17 >>Q26. A shirt was sold 6% profit and at 8% profit respectively, the difference is Rs.12. What is the cost price of the shirt? ?

• (A) Rs.1000
• (B) Rs.500
• (C) Rs.650
• (D) Rs.600

Solution Exp. Let cost price of shirt = X.We have, 1.08X - 1.06X = 12.X = 600.

18 >>Q28. A businessman bought 30 kg of sugar at Rs.7 per kg and 20kg of sugar at Rs.7.75 per kg. He mixed both and sold the mixture at Rs.7.50 per kg. How much profit or loss he got in this deal? ?

• (A) Rs.20
• (B) Rs.10
• (C) Rs.11
• (D) Rs.21

Solution Exp. Total cost price = 30x7 + 20x7.75 = 365.Total price sold for = (30+20)x7.5 = 375.Profit = 375 - 365 = 10.

19 >>Q29. Two T. V. sets were sold at the same price. If there is 20% gain on the one and 20% loss on the other, then what will be the total per cent gain or loss? ?

• (A) 10% loss
• (B) 4% loss
• (C) 5% loss
• (D) 40% profit

Solution Exp. Let X be the price the T.V. sets are sold for.For first T.V. set, 1.2 x Cost price = X, Cost price = X/1.2.For second T.V. set, 0.8 x Cost price = X, Cost price = X/0.8.Total Cost price = X/1.2 + X/0.8 = 5X/2.4.Total Selling price = 2X.Cost price > Selling price.Loss = (5X/2.4 - 2X)/(5X/2.4) = 0.04 = 4%.

20 >>Q31. The price of rice increases by 40%, but a family reduces its consumption of rice by 40%. How much expenditure of the family on rice will decrease? ?

• (A) 0.2
• (B) 0.4
• (C) 0.18
• (D) 0.16

Solution Exp. Let initial cost of rice = X, initial consumption by family = Y.Initial expenditure = XY.Current expenditure = (1.4X)(0.6Y) = 0.84XY.Decrease in expenditure = (XY - 0.84XY)/XY = 0.16 = 16%.