Profit and Loss online Aptitude Test - Set 01 - ObjectiveBooks

# Practice Test: Question Set - 01

1. John sold a cycle to Michel at a gain of 15%, Michel sold it to Robin at a gain of 20%. If Robin paid Rs. 897, then John would have paid
(A) Rs. 350
(B) Rs. 1210
(C) Rs. 750
(D) Rs. 650

2. What is the single profit equivalent to two successive profits of 20% and 15%?
(A) 38%
(B) 35%
(C) 30%
(D) 20%

3. In purchasing and selling articles, a shopkeeper cheats both the seller and the buyer by 10%. His percent gain is
(A) 21%
(B) 20%
(C) 15%
(D) 10%

4. By selling an article for Rs. 3640, a man loses 9%. His gain or loss percent if he sells it for Rs. 4200 is
(A) No loss no gain
(B) Loss 5%
(C) Gain 5%
(D) Gain 7.5%

5. If the selling price of an article is 4/3 times its cost price, the profit percent is
(A) 33 1/3 %
(B) 31 7/5 %
(C) 33 7/5 %
(D) 30 1/3 %

6. By selling 15 mangoes, a fruit seller gains the selling price of 3 mangoes. His gain is
(A) 25%
(B) 16%
(C) 24%
(D) 27%

7. By selling an article for Rs. 19.50 a dealer makes a profit of 30% by how much should he increase his selling price so as to make a profit of 40%?
(A) Rs. 2
(B) Rs. 1.50
(C) Rs. 3.24
(D) Rs. 3. 50

8. A man bought a horse and sold it at a gain of 10%. If he had bought the horse at 20% less and sold it for Rs. 100 more, he would have a profit of 40%. The C.P. of the horse is
(A) Rs. 2000
(B) Rs. 4000
(C) Rs. 5000
(D) Rs. 6000

9. A fruit seller purchases oranges at the rate of 3 for Rs. 5 and sells them at 2 for Rs. 4. His profit in the transaction is
(A) 20%
(B) 30%
(C) 35%
(D) 31%

10. A man bought 50 dozen eggs of a rate of Rs. 4 per dozen. He finds 40 eggs rotten. In order to gain 5%, he should sell eggs at
(A) Rs. 4.50 per dozen
(B) Rs. 5 per dozen
(C) Rs. 5.50 per dozen
(D) Rs. 6.50 per dozen

11. If the selling price of 18 articles is equal to the CP of 21 articles the loss or gain percent
(A) 16 ⅔ % losses
(B) 16 ½ % profit
(C) 15 ⅔ % losses
(D) 16% profit

12. If by selling 100 mangoes the CP of 120 mangoes is realized the gain percent is
(A) 2 1/11 %
(B) 9 1/11 %
(C) 6 1/11 %
(D) 5 1/11 %

13. If the cost price of 20 articles is equal to the selling price of 25 articles. The loss percent in the transaction is
(A) 5%
(B) 20%
(C) 25%
(D) 30%

14. A man sells 320 mangoes at the cost price of 400 mangoes. His gain percent is
(A) 25%
(B) 20%
(C) 10%
(D) 15%

15. Profit earned by selling an article for Rs. 1060 is 20% more than the loss incurred by selling the article for Rs. 950. At what price should the article be sold to earn 20% profit?
(A) Rs.1800
(B) Rs.1080
(C) Rs.1000
(D) Rs.1200

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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