Quant Quiz

Q1)-If books bought at prices ranging from Rs 200 to Rs 350 are sold at prices ranging from Rs 300 to Rs 425, What is the greatest possible profit that might be made in selling eight books ?

Rs 400

Rs 600

Cannot be determined

None of these

Ans.- D
Least CP = Rs ( 200 x 8) = Rs 1600 . Greatest SP = RS ( 425 x 8 ) = RS 3400.
Required profit= rs (3400 - 1600 ) = Rs 1800

Q2)-A shopkeeper sold an article for Rs 2090.42. Approximately, what will be the percentage profit if he sold that article for Rs 2602.58 ?

15 %

20 %

25 %

30 %

Ans.- C
Profit = Rs ( 2602.58 - 2090.42 ) = Rs 512.16
Profit % = ( 512.16/2090.42 x 100) %= 25 %

Q3)-Alfred buys an old scooter for Rs 4700 and spends Rs 800 on its repairs. If he sells the scooter for Rs 5800 , his gain percent is :

4 ( 4/7) %

5 (5/11) %

10 %

12 %

Ans.- B
C.P. = Rs (4700 + 800) =Rs 5500 ; SP = Rs 5800
Gain % = ( 300/5500 x 100 ) % = 5 5/11 %

Q4)-A shopkeeper purchased 70 kg of potatoes for Rs 420 and sold the whole lot at the rate of Rs 6.50 per kg. What will be his gain percent ?

4 (1/6) %

6 (1/4) %

8 (1/3) %

20 %

Ans.- C
C.P. of 1 kg = Rs (420/70) Rs 6.
SP of 1 kg = Rs 6.50
Gain % = ( 0.50/6 x 100 ) % = 25/3 % = 8(1/3) %

Q5)-Sam purchased 20 dozens of toys at the rate of Rs 375 per dozen. He sold each one of them at the rate of Rs 33. What was his percentage profit ?

3.5

4.5

5.6

6.5

Ans.- C
C.P. of 1 toy = Rs (375/12) = Rs 31.25.
SP of 1 toy = Rs 33
Profit % = ( 1.75/31.25 x 100) %= 28/5 = 5.6

Q6)-100 oranges are bought at the rate of Rs 350 and sold at the rate of Rs 48 per dozen. The percentage of profit or loss is

14 (2/7) % gain

15 % gain

14 (2/7) % loss

15 % loss

Ans.- C
C.P. of 1 orange = Rs (350/100)
SP of 1 orange = Rs (48/12)= Rs 4
Gain % = (0.50/3.50 x 100)%=14 (2/7)%

Q7)-A man buys a cycle for Rs 1400 and sells it at a loss of 15 %. What is the selling price of the cycle ?

Rs 1090

Rs 1160

Rs 1190

Rs 1202

Ans.- C
S.P. = 85 % of 1400 = Rs 1190

Q8)-A sells an article which costs him Rs 400 to B at a profit of 20 %. B then sells it to C , making a profit of 10 % on the price he paid to A. How much does C pay B ?

Rs 472

Rs 476

Rs 528

Rs 532

Ans.- C
C.P. for B = 120 % of Rs 400 = Rs 480
C.P. for C = 110 % of Rs 480 = rs 528

Q9)-Peter purchased a machine for Rs 80000 and spent Rs 5000 on repair and Rs 1000 on transport and sold it with 25 % profit. At what price did he sell the machine ?

Rs 105100

Rs 106250

Rs 107500

Rs 117500

Ans.- C
C.P. = Rs ( 80000 + 5000 + 1000 ) = Rs 86000
Profit = 25 %
S.P. = 125 % of Rs 86000 = Rs 107500

Q10)-By selling an article for Rs 100, a man gains Rs 15. Then, his gain % is :

15 %

12 (2/3) %

17 (11/17) %

17 (1/4) %

Ans.- C
S.P. = Rs 100 , gain = RS 15
C.P. = Rs ( 100 - 15 ) = Rs 85
Gain % = ( 15/85 x 100 ) % = 17 (11/17) %