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Quantitative Aptitude Quiz- Profit & Loss

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1)A merchant buys two items for Rs. 7500. One item he sells at a profit of 16% and the other item at 14% loss. In the deal the merchant makes neither any profit nor any loss. What is the difference between selling price of both the items? (in rupees)

(a)625

(b)610

(c)620

(d)630

(e)615

2)An Item was bought at Rs. X and sold at Rs. Y, there by earning a profit of 20%. Had the value of X been 15% less and the value of Y been Rs. 76 less, a profit of 30 would have been earned. What was the value of X?

(a)Rs. 640

(b) Rs.400

(c) Rs.600

(d) Rs.800

(e) Rs.840

3)A’ bought a certain quantity of oranges at total cost of Rs. 1200. He sold 1/3rd of those oranges at 20% loss. If A earns an overall profit of 10%, at what percent profit did A sell the rest of the oranges?

(a)16%

(b)15%

(c)22%

(d)25%

(e)20%

4)A’ sold an article for Rs. 8000 and incurred a loss. Had he sold the article for Rs. 9800, his gain would have been twice the amount of loss. At what price should the article be sold to earn 20% profit?

(a)Rs. 10,840

(b)Rs. 9,820

(c)Rs. 10,320

(d)Rs. 9,840

(e)Rs. 10,480

5)A trader has 400 kg of rice; He sells a part of it at a profit of 36% and remaining part at a loss of 24%. He overall loses 12% in the whole transaction. Find the quantity of rice sold at 24% loss.

(a) 320 kg

(b) 330 kg

(c) 300 kg

(d) 350 kg

(e) None of these

6)A trader has 600 kgs of rice, a part of which he sells at 15% profit and the remaining quantity at 20% loss. On the whole, he incurs an overall loss of 6%. What is the quantity of rice he sold at 20% loss?

(a)250 kgs

(b) 320 kgs

(c) 420 kgs

(d) 360 kgs

(e) 480 kgs

7)A shopkeeper bough a table marked at Rs. 200 at successive discounts of 10% and 15% respectively. He spent Rs. 7 on transport and sold the table for Rs. 208. What will be his profit percentage?

(a)35

(b)40

(c)30

(d)45

(e)32

8)A trader marks up his goods by 50%. However, he could sell only-third of his stock at this price. The half of the remaining stock was sold at a discount of 7.14% and the remaining at a discount of 16.67%. Find the overall percentage profit of the trader.

(a)38%

(b)42%

(c)29%

(d)34%

(e)40%

9)Two mobile phones were purchased at the same price. One was sold at a profit of 30% and the second was sold at a price which was Rs. 2500 less than the price at which the first was sold. If the overall profit earned by selling both the mobile phones was 5%, what was the cost price of one mobile phone?

(a)Rs. 8000

(b)Rs. 5000

(c)Rs. 6000

(d)Rs. 4500

(e)Rs. 5500

10)Mr. X, a businessman had the income in the year 1995, such that he earned a profit of 20% on his investment in the business. In the year 1996 his investment was less by Rs. 5,000 but still had the same income (Income = Investment + Profit) as that in 1995. Thus the per cent profit earned in 1996 increased by 6%. What was his investment in 1995 ?

(a)Rs. 1,02,000

(b)Rs. 150,500

(c)Rs. 1,05,000

(d)Data inadequate

(e)None of these

 

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