Profit and Loss Aptitude Questions and Answers - Set 03 - ObjectiveBooks

# Practice Test: Question Set - 03

1. A man sold two horses for Rs. 3000 each, gaining 25% on one and losing 25% on the other. His loss percent is
(A) 7 1/3 %
(B) 6 1/4 %
(C) 7 1/7 %
(D) 5 5/9 %

2. If I purchased 11 books for Rs. 10 and sold all the books at the rate of 10 books for Rs. 11, the profit percent is
(A) 20%
(B) 23%
(C) 21%
(D) 23.5%

3. Even after reducing the marked price of a T.V. by Rs. 320 a shopkeeper makes a profit of 15%. If the cost price be Rs. 3200, what percentage of profit would he have made if he had sold the T.V. at the marked price?
(A) 10%
(B) 20%
(C) 25%
(D) 16⅔ %

4. A man sold 250 chairs and had a gain equal to selling price of 50 chairs. His profit percent is
(A) 20%
(B) 35%
(C) 40%
(D) 25%

5. A bicycle is sold for Rs. 935 at a profit of 10%. The actual profit or loss if it had been sold for Rs. 810 will be
(A) Rs. 50
(B) Rs. 42
(C) Rs. 40
(D) Rs. 30

6. The cost price of 20 articles is the same as selling price of 15 articles. The profit percent in the transaction is
(A) 30 %
(B) 33 1/3 %
(C) 29 1/3 %
(D) 40 %

7. A merchant blends two varieties of tea from two different tea gardens, one costing Rs. 45 per kg and other Rs. 60 per kg in the ratio of 7:3 respectively. He sells the blended variety at Rs. 54.45 per kg. His profit percent is
(A) 5%
(B) 10%
(C) 9 1/11 %
(D) 11 1/9 %

8. When a commodity is sold for Rs. 34.80 there is a loss of 25% what is the cost price of the commodity?
(A) Rs. 5
(B) Rs. 15
(C) Rs. 9
(D) Rs. 7

9. Robin buys mangoes at the rate of 3 kg for Rs. 21 and sells them at 5 kg for Rs. 50. To earn Rs. 102 as profit, he must sell
(A) 34 kg.
(B) 52 kg.
(C) 26 kg.
(D) 32 kg.

10. A boy buys mangoes at the rate of 3 kg for Rs. 21 and sells them at 5 kg for Rs. 50. To earn Rs. 102 as profit, he must sell.
(A) 34 kg
(B) 30 kg
(C) 21 kg
(D) 39 kg

11. A trader allows 15% trade discount and 10% cash discount. The selling price of an article, if its market price is Rs. 400 is
(A) Rs. 3000
(B) Rs. 3250
(C) Rs. 3100
(D) Rs. 3060

12. A retailer buys a radio for Rs. 225. His overhead expenses are Rs.15 he sells the radio for Rs. 300. The profit percent of the retailer is
(A) 21
(B) 23
(C) 25
(D) 17

13. By selling an article at Rs. 1250, a gain of 25% is made on the C.P. At what price should the article be sold in order that a loss of 20% is made on the selling price?
(A) Rs. 800
(B) Rs. 850
(C) Rs. 833⅓
(D) Rs. 833⅔

14. 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?
(A) Rs. 1800
(B) Rs. 1600
(C) Rs. 1500
(D) Rs. 1700

15. John buys lemons at the rate of 9 for 80 and sells them at 11 for 120. His gain per lemon is
(A) 200/99
(B) 11/99
(C) 120/99
(D) 11/9

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Profit and Loss:
Formula:                Profit and Loss Formulas
Solved Examples:  Solved Examples: Set 01
Practice Test:         Practice Test: 01     Practice Test: 02     Practice Test: 03
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