Quant Quiz ► Profit & Loss

Que 1: The ratio of the CP and SP is 7 : 5. Find the Profit or Loss % ?

A . 40 % loss
B . 40 % Profit
C . 28.57 % loss
D . 41.67 % Profit

Que 2: Abhishek sells an article to Shivang at a gain of 20%, Shivang sells it to Saurabh at a gain of 5%. If Z pays Rs 693 for it, what did it cost to Abhishek?

A . 554.4
B . 550
C . 600
D . 550

Que 3: A Dealer cheats 20% while buying as well as 20% on selling by using false weight. Find the gain %.

A . 40 %
B . 20 %
C . 42 %
D . 44 %

Que 4: An item is sold with the gain of 20 %. If It would be sold for 150 rupees more, it would fetch 26 % gain. Find the Cost Price.

A . 2400
B . 3000
C . 2500
D . 1500

Que 5: The price of an article is reduced to 80 %. In order to make no loss the reduced price must be increased by how much percent?

A . 20 %
B . 40 %
C . 33.33 %
D . 25 %

Que 6 : An Item, when sold at a gain of 5% fetches 24 rupees more than when it was sold at a loss of 10 %. Find the Cost Price of that Item.

A . 160
B . 600
C . 240
D . 480

Que 7 : The CP of 24 items is equal to the SP of X items. Find the value of X when profit % is 20%.

A . 16
B . 20
C . 15
D . 28

Que 8 : 5 Mangoes was brought for Rs 6 and sold at 6 for Rs 5. Find the loss or gain %.

A . 44 % gain
B . 30.57 % Loss
C. 44 % Loss
D . 30.57 % Gain

Que 9 : A confectioner sells 15 toffees for a rupee at the loss of 20%. How many number of toffees he would sale for a rupee to make 20% profit?

A . 12
B . 10
C . 13
D . 9

Que 10: On an article two discounts are applied 20% and 10% on marked price and sold at Rs 1224. Find the Marked Price.

A . 1748.5
B. 1700
C . 1615.68
D. 1650

Solutions ▼

Ans.1. RIGHT  option is C

Let CP be 7X and SP be 5X

As it clear from the question CP is more than SP. So,

Loss % = Loss * 100 / CP = (7X – 5X) * 100 / 7X = 28.57 %.

Ans.2. RIGHT  option is D

By using successive method

Total profit = 20 + 5 + (20*5)/100 = 26 % on the cost price for Abhishek.

Then Cost price of the Article for Abhishek = 100 * S.P. / (100 + Profit  % ) Rs 693 / 1.26 =Rs  550.

Ans.3. RIGHT  option is D

By using successive method

20 + 20 + (20*20)/100 = 44 %

Or

Let an article costs 1 rupee per piece

Dealer pay 10 and get 12 pieces

He sells 12 Pieces + 2.4 Pieces (20% of 12 ). So, He gets Rs 14.4

Profit = Rs 4.4 and Profit % = 44 %

Ans.4. RIGHT  option is C

The difference between gain % = (26 – 20) % = 6%

6 %  = 150 (As gain is always calculated on the basis of Cost Price)

Therefore 100% = 2500 is the Cost Price

Ans.5. RIGHT  option is D

Let Price be 100

Then reduced price = 80

The percentage increase  to make no loss = 20 * 100 /80 = 25 %

Ans.6. RIGHT  option is A

The difference of  Selling prices when It is sold at 10% and when it is sold at 5% profit  on the basis of

cost = 1.05 – 0.90 = 0.15 of CP (As Gain and Loss is always on CP)

As given

0.15  of C.P. = 24

Therefore CP of Item =24 / 0.15 = Rs 160

Ans.7. RIGHT  option is B

Let CP of Each Item be 1 rupee

Then CP of X items = Rs X

SP of X items = Rs 24

Therefore, Profit %  = Profit * 100 / CP

20 = (24 – X) * 100 / X

X = 120 – 5X

X = 20

Ans.8. RIGHT  option is B

CP = 6/5 for 1 Mango

SP = 5/6 for 1 Mango

Loss % = {(6/5 – 5/6)*100} / 6/5 = 30.56 %

Ans.9. RIGHT  option is B

CP for 15 toffees = 1 /(1-0.2) = 1.25

New SP for 15 toffees would be = 5  * 1.2 / 4 = 3/2 = Rs 1.5

Therefore, He would sell toffees for 1 rupee = 15 /1.5 = 10 Toffees

Ans.10. RIGHT  option is B

By using successive method

True discount = 20 + 10 – (20*10)/100 = 28%

It means the article is sold on 72% of the marked price

Therefore Marked Price = 1224/0.72 = 1700