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Profit and Loss Question Answers MCQ Quiz Test – Page 1

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Profit and Loss Question Answers MCQ Quiz Test – Profit and Loss Problem comes under Aptitude: This mock test having 25 question, with four choices. On each click on answers system will tell you where the answers is correct or incorrect. You can view this Profit and Loss test question details at the end of the quiz.

Profit and Loss Question Answers

This Profit and Loss questions answers are applicable for any kind of entrance exam or job related exam especially for bank exams, SSC, CAT, CLAT, P.O practice as much as you can so gather knowledge of how to answers Profit and Loss critical type papers in short time and this can be a big factor for cracking any exam.

Profit and Loss Quiz Test = 1

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Question 1
 At what profit percent must an article be sold so that by selling at half that price, there may be a loss of 30% ?
A
25%
B
36%
C
40%
D
42%
Question 2
 By selling an article, Michael earned a profit equal to one-fourth of the price he bought it. If he sold it for Rs. 375, what was the cost price ?
A
Rs. 281.75
B
Rs. 300
C
Rs. 312.50
D
Rs. 350
Question 3
A man bought some fruits at the rate of 16 for Rs. 24 and sold them at the rate of 8 for Rs. 18. What is the profit percent ?
A
25%
B
40%
C
50%
D
60%
E
None of these
Question 4
 A man busy 2 dozen bananas at Rs. 16 per dozen. After selling 18 bananas at the rate of Rs. 12 per dozen, the shopkeeper reduced the rate to Rs. 4 per dozen. The percent loss is :
A
25.2%
B
32.4%
C
36.5%
D
37.5%
Question 5
A dairyman pays Rs. 6.40 per litre of milk. He adds water and sells the mixture at Rs. 8 per litre, thereby making 37.5% profit. The proportion of water to milk received by the customers is :
A
1 : 10
B
1 : 12
C
1 : 15
D
1 : 20
Question 6
A man bought apples at the rate of 8 for Rs. 34 and sold at the rate of 12 for Rs. 57. How many apples should be sold to earn a net profit of Rs. 45 ?
A
90
B
100
C
135
D
150
Question 7
  On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is :
A
Rs. 45
B
Rs. 50
C
Rs. 55
D
Rs. 60
Question 8
 If the selling price of 50 articles is equal to the cost price of 40 articles, then the loss or gain percent is :
A
20% loss
B
20% gain
C
25% loss
D
25% gain
Question 9
 A man sold 18 cost for Rs. 16,800, gaining thereby the cost price of 3 cost. The cost price of a cot is :
A
Rs. 650
B
Rs. 700
C
Rs. 750
D
Rs. 800
Question 10
The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is :
A
15
B
16
C
18
D
25
Question 11
 A man purchased a box full of pencils at the rate of 7 for Rs. 9 and sold all of them at the rate of 8 for Rs. 11. In this transaction, he gained Rs. 10. How many pencils did the box contain ?
A
100
B
112
C
114
D
115
Question 12
 A trader mixes three varieties of groundnuts costing Rs. 50, Rs. 20 and Rs. 30 per kg in the ratio 2 : 4 : 3 in terms of weight, and sells the mixture at Rs. 33 per kg. What percentage of profit does he make ?
A
8%
B
9%
C
10%
D
None of these
Question 13
 Arun purchased 30 kg of wheat at the rate of Rs. 11.50 per kg and 20 kg of wheat at the rate of Rs. 14.25 per. He mixture two and sold the mixture. Approximately what price per kg should he sell the mixture to make 30% profit ?
A
Rs. 14.80
B
Rs. 15.40
C
Rs. 15.60
D
Rs. 16.30
E
Rs. 18.20
Question 14
 A man bought a number of clips at 3 for a rupee and an equal number at 2 for a rupee. At what price per dozen should he sell them to make a profit of 20% ?
A
Rs. 4
B
Rs. 5
C
Rs. 6
D
Rs. 7
Question 15
 By selling 12 toffees for a rupee, a man loses 20%. How many for a rupee should he sell to get a gain of 20% ?
A
5
B
8
C
10
D
15
Question 16
 By selling 45 lemons for Rs. 40, a man loses 20%. How many should he sell for Rs. 24 to gain 20% in the transaction ?
A
16
B
18
C
20
D
22
Question 17
 A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20% ?
A
3
B
4
C
5
D
6
Question 18
Padam purchased 30 kg of rice at the rate os Rs. 17.50 per kg and another 30 kg rice at a certain rate. He mixed the two and sold the entire quantity at the rate of Rs. 18.60 per kg and made 20% overall profit. At what price per kg did he purchase the lot of another 30 kg rice ?
A
Rs. 12.50
B
Rs. 13.50
C
Rs. 14.50
D
Rs. 15.50
E
None of these
Question 19
A man bought some oranges at Rs. 10 per dozen and bought the same number of oranges at Rs. 8 per dozen. He sold these oranges at Rs. 11 per dozen and gained Rs. 120. The total number of oranges bought by him was :
A
30 dozens
B
40 dozens
C
50 dozens
D
60 dozens
Question 20
 A trader mixes 26 kg of wheat at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is :
A
No profit, no loss
B
5%
C
8%
D
10%
E
None of these
Question 21
A manufacturer sells a pair of glasses to a wholesale dealer at a profit of 18%. The wholesaler sells the same to a retailer at a profit of 20%. The retailer in turn sells them to a customer for Rs. 30.09, thereby earning a profit of 25%. The cost price for the manufacturer is :
A
Rs. 15
B
Rs. 16
C
Rs. 17
D
Rs. 18
Question 22
 A dishonest dealer used a scale of 90 cm instead of a meter scale and claims to sell at cost price. His profit is :
A
9%
B
10%
C
12%
D
None of these
Question 23
By mixing two brands of tea and selling the mixture at the rate of Rs. 177 per kg, a shopkeeper makes a profit of 18%. If two every 2 kg of one brand costing Rs. 200 per kg, 3 kg of the other brand is added, then how much per kg does the other brand cost ?
A
Rs. 110
B
Rs. 120
C
Rs. 140
D
None of these
Question 24
 A grocer sells rice at a profit of 10% and uses weight which are 20% less than the market weight. The total gain earned by him will be :
A
30%
B
35%
C
37.5%
D
None of these
Question 25
 A fair price shopkeeper takes 10% profit on his goods. He lost 20% goods during theft. His loss percent is :
A
8
B
10
C
11
D
12
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