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Quantitative Aptitude — Profit & Loss
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Quantitative Aptitude — Profit & Loss

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8 mins
Time
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10
Questions
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1
Per Q

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Quantitative Aptitude — Profit & Loss — Questions with Answers Open after you finish the quiz — all 10 questions, with answers and explanations.
Q1. A shopkeeper buys an article for ₹500 and sells it for ₹600. What is the profit percentage?
  1. 10%
  2. 15%
  3. 20%
  4. 25%
Show answer
Answer: C. 20%
Cost Price (CP) = ₹500, Selling Price (SP) = ₹600. Profit = SP - CP = 600 - 500 = ₹100. Profit Percentage = (Profit / CP) * 100 = (100 / 500) * 100 = 20%.
Q2. If an article is bought for ₹800 and sold for ₹720, what is the loss percentage?
  1. 8%
  2. 10%
  3. 12%
  4. 15%
Show answer
Answer: B. 10%
Cost Price (CP) = ₹800, Selling Price (SP) = ₹720. Loss = CP - SP = 800 - 720 = ₹80. Loss Percentage = (Loss / CP) * 100 = (80 / 800) * 100 = 10%.
Q3. A dealer makes a profit of 25% by selling an article that cost him ₹400. What is the selling price?
  1. ₹450
  2. ₹480
  3. ₹500
  4. ₹520
Show answer
Answer: C. ₹500
Cost Price (CP) = ₹400, Profit Percentage = 25%. Selling Price (SP) = CP * (1 + Profit%) = 400 * (1 + 0.25) = 400 * 1.25 = ₹500.
Q4. An article is sold for ₹360 at a loss of 10%. What was its cost price?
  1. ₹324
  2. ₹380
  3. ₹420
  4. ₹400
Show answer
Answer: D. ₹400
Selling Price (SP) = ₹360, Loss Percentage = 10%. Cost Price (CP) = SP / (1 - Loss%) = 360 / (1 - 0.10) = 360 / 0.90 = ₹400.
Q5. The marked price of an item is ₹1200. If it is sold for ₹1080, what is the discount percentage?
  1. 10%
  2. 12%
  3. 15%
  4. 8%
Show answer
Answer: A. 10%
Marked Price (MP) = ₹1200, Selling Price (SP) = ₹1080. Discount = MP - SP = 1200 - 1080 = ₹120. Discount Percentage = (Discount / MP) * 100 = (120 / 1200) * 100 = 10%.
Q6. A shop offers a 15% discount on an article with a marked price of ₹800. What is the selling price of the article?
  1. ₹650
  2. ₹680
  3. ₹700
  4. ₹720
Show answer
Answer: B. ₹680
Marked Price (MP) = ₹800, Discount Percentage = 15%. Discount Amount = 800 * 0.15 = ₹120. Selling Price (SP) = MP - Discount Amount = 800 - 120 = ₹680.
Q7. A vendor buys 10 pencils for ₹50 and sells them at ₹6 each. What is his profit or loss percentage?
  1. 10% loss
  2. 15% profit
  3. 20% profit
  4. 25% loss
Show answer
Answer: C. 20% profit
Cost Price (CP) of 10 pencils = ₹50. Selling Price (SP) of 10 pencils = 10 * ₹6 = ₹60. Profit = SP - CP = 60 - 50 = ₹10. Profit Percentage = (Profit / CP) * 100 = (10 / 50) * 100 = 20%.
Q8. A man sells two articles for ₹99 each. On one, he gains 10% and on the other, he loses 10%. What is his overall profit or loss percentage?
  1. 1% profit
  2. 2% profit
  3. No profit no loss
  4. 1% loss
Show answer
Answer: D. 1% loss
When two articles are sold at the same selling price, and one is sold at x% profit and the other at x% loss, there is always a loss. The loss percentage is given by (x/10)^2 %. Here, x = 10. So, Loss % = (10/10)^2 = 1^2 = 1%.
Q9. A shopkeeper wants to make a 20% profit after giving a 20% discount on the marked price. If the cost price of the article is ₹400, what should be its marked price?
  1. ₹600
  2. ₹580
  3. ₹550
  4. ₹520
Show answer
Answer: A. ₹600
Cost Price (CP) = ₹400, Desired Profit = 20%. Selling Price (SP) = CP * (1 + Profit%) = 400 * (1 + 0.20) = 400 * 1.20 = ₹480. Discount = 20%. SP = MP * (1 - Discount%). So, 480 = MP * (1 - 0.20) = MP * 0.80. Marked Price (MP) = 480 / 0.80 = ₹600.
Q10. What is the single equivalent discount for two successive discounts of 20% and 10%?
  1. 27%
  2. 28%
  3. 29%
  4. 30%
Show answer
Answer: B. 28%
For two successive discounts A% and B%, the single equivalent discount is A + B - (AB/100)%. Here, A = 20, B = 10. Equivalent Discount = 20 + 10 - (20 * 10 / 100) = 30 - (200 / 100) = 30 - 2 = 28%.
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