Profit & Loss MCQ Quantitative Aptitude Questions Answers

11) A man buys 25 chairs for Rs 375 and sell them at a profit equal to the selling price of 5 chairs. What is the selling price of one chair ?

a) Rs 18.75

b) Rs 14.50

c) Rs 15.20

d) Rs 17.20

View Answer
Option – a)

12) A furniture shop allows 20% discount on the marked price of each  item what price must be marked on a table costing Rs 560, so to make a profit of 25% ?

a) Rs 800

b) Rs 825

c) Rs 700

d) Rs 875

View Answer
Option – d)

13) An article when sold at a gain of 5% yields Rs 15 more than when sold at a loss of 5%. What is the cost price ?

a) Rs 64

b) Rs 80

c) Rs 150

d) Rs 200

View Answer
Option – c)

14) A feeding bottle is sold for Rs 120. Sales tax accounts for one-fifth of this and profit one-third of the remainder. Find the cost price of the feeding bottl

(a) 64

(b) 72

(c) 68

(d) 76

View Answer
Option – a)

15) On selling tea at Rs 40 per kg a loss of 10% is incurred. Calculate the amount of tea (in kg) sold if the total loss incurred is Rs 80.

(a) 12 kg

(b) 15 kg

(c) 18 kg

(d) 20 kg

View Answer
Option – c)

16) A sells a car priced at Rs 36,000. He gives a discount of 8% on the first Rs 20,000 and 5% on the remaining Rs 16,000. His competitor B sells a car of the same make, priced at Rs 36,000. If he wants to be competitive what percent discount should B offer on the marked price.

(a) 5%

(b) 5.5%

(c) 6.66%

(d) 8.33%

View Answer
Option – c)

17) A mobile shop allows a discount of 10% on the advertised price of a mobile. What price must be marked on the mobile, that costs him Rs 600, so that he makes a profit of 20%?

(a) Rs 800

(b) 720

(c) 750

(d) 850

View Answer
Option – a)

18) A businessman sells 5 articles for Rs 15 and makes a profit of 20%. Find his gain or loss percent if he sells 8 such articles for Rs 18.40.

(a) 2.22% profit

(b) 2.22% loss

(c) 8% loss

(d) 8% profit

View Answer
Option – c)

19) A pet shop owner sells two puppies at the same price. On one he makes a profit of 20% and on the other he suffers a loss of 20%. Find his loss or gain per cent on the whole transaction.

(a) Gain of 4%

(b) No profit no loss

(c) Loss of 10%

(d) Loss of 4%

View Answer
Option – d)

20) By selling a watch for Rs 495, a shopkeeper incurs a loss of 10%. Find the cost price of the watch.

(a) Rs 545

(b) Rs 550

(c) Rs 555

(d) Rs 565

View Answer
Option – b)

Good Luck!!

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