Profit and Loss Quiz Online Test – Aptitude Questions and Answers

Ready to take the Profit and Loss Quiz Online Test? Then take a glance at the below section. So, all the candidates who have a less knowledge on Profit and Loss Concept can improve their skills with the help of Profit and Loss Online Practice. Moreover, we have arranged the Profit and Loss Aptitude Questions in the below. So, all the aspirants who are ready to participate in various competitive exams can take a look at this post and take the Online Mock Test On Profit and Loss. And also, Profit and Loss is one of the hardest Concept in Aptitude. And we can clearly mention that after completion of taking the Profit and Loss Online Test, you can also get the complete explanations for all Questions which we have given here.

Profit and Loss Quiz Online Test Details

Profit and Loss Quiz Online Test – Practice Now

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1. The price of commodity X increases by 40 paise every year, while the price of commodity Y increases by 15 paise every year. If in 2001, the price of commodity Xwas Rs. 4.20 and that of Y was Rs. 6.30, in which year commodity X will cost 40 paise more than the commodity Y?

A. 2010

B. 2011

C. 2012

D. 2013

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2. If the cost price is 25% of selling price. Then what is the profit percent.

A. 150%

B. 200%

C. 300%

D. 350%

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3. Find profit or loss: C.P = Rs.870 and S.P = Rs.770

A. RS.180

B. Rs.150

C. Rs.120

D. Rs.100

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4. If selling price is doubled the profit triples. Find the profit percent.

A. 66 2/3

B. 105

C. 105 1/3

D. 120

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5. A vendor bought bananas at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A. 3

B. 4

C. 5

D. 6

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6. A shopkeeper buys a TV at Rs.42000 and sells it a Rs.45000.What is his profit or loss?

A. RS.2500

B. Rs.3000

C. Rs.4500

D. RS.2000

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7. The owner of an electronics shop charges his customer 22% more than the cost price. If a customer paid Rs 10,980 for a DVD player, then what was the cost price of the DVD player?

A. Rs 8000

B. Rs 8800

C. Rs 9500

D. Rs 9000

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8. A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

A. 20%

B. 27%

C. 31%

D. 43%

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9. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find out the value of x?

A. 13

B. 14

C. 15

D. 16

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10. A man buys an article for Rs. 27.50 and sells it for Rs 28.60. Find his gain percent

A. 1%

B. 2%

C. 3%

D. 4%

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11. A kind of tape is selling at a profit of 12% of selling price, equal to 18 cents per yard. What is the selling price of the tape?

A. $ 1.50

B. $ 1.00

C. $ 1.20

D. none of these

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12. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:

A. No profit, no loss

B. 5%

C. 8%

D. 10%

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13. If a cost price of a pencil box is Rs.67 and selling price is Rs.70.Is there is profit or loss?

A. Rs.2

B. Rs.3

C. Rs.4

D. RS.5

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14. 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:

A. 4 4/7%

B. 5 5/11%

C. 10%

D. 12%

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15. A dealer buys a product at Rs. 1920, he sells at a discount of 20% still he gets the profit of 20 %. What is the selling price of that product?

A. Rs.1159

B. Rs.1550

C. Rs.2304

D. Rs.1785

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16. A manufacturing company employs 10 machines, the aggregate output of which for a year is Rs 42000, and pays 10% of the profit to its shareholders. The manufacturing expenses for a year are Rs.1800 per machine and the establishment charges Rs 9000 per annum. What percent of the original profit will it pay to its shareholders, if one machine breaks down and are idle for one year?

A. 7 3/10 %

B. 3 %

C. 8 2/5 %

D. 9 1/3 %

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17. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, find the value of x?

A. 15

B. 25

C. 18

D. 16

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18. A merchant sold an article at 10% loss. If he had sold it Rs 450 more, 8% would have been gained on the cost price. Find the cost price?

A. Rs 1200

B. Rs 1800

C. Rs 1500

D. Rs 2500

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19. Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He Sold each one of the rate of Rs. 33.What was his percentage profit?

A. 3.5

B. 4.5

C. 5.6

D. 6.5

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20. Samant bought a microwave oven and paid 10 % less than the original price. He sold it with 30% profit on the price he had paid.What percentage of profit did Samant earn on the original price?

A. 17%

B. 20%

C. 27%

D. 32%

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21. John buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, what is his gain percent?

A. 12%

B. 10%

C. 4 4/7%

D. 5 5/11%

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22. By selling 33 m of carpet, a man loses an amount equal to the selling price of 3 m of carpet. Find his gain or loss per cent.

A. 8 1/3%

B. 2/3%

C. 8 1/2%

D. 7 3/4%

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23. If a man reduces the selling price of a fan from Rs.400 to Rs.380, his loss increases by 2%. The cost price of the fan is

A. Rs. 480

B. Rs. 500

C. Rs. 600

D. Rs. 1000

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24. David purchased a house for Rs.75000 and a site for Rs.15000 respectively, if he sold the house for Rs.83000 and the site for Rs.10000, then find the resultant percentage of gain?

A. 30 %

B. 330/3 %

C. 31/3 %

D. 3.33 %

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25. A man buys a toy for Rs. 25 and sells it for Rs. 30. Find his gain/loss percentage.

A. 20%

B. 70%

C. 80%

D. 40%

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Profit and Loss Aptitude Questions and Answers

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Profit and Loss Formulas

In this article, we have given some of the Profit and Loss Formulas. So, all the candidates who are interested in checking the formulas can check it from this section.

• Gain % = (Gain / CP) * 100
• SP = [(100 + Gain%) / 100] * CP
• Loss % = (Loss / CP) * 100
• SP = [(100 – Loss %) / 100]*CP
• SP: Selling Price
• CP: Cost Price

Profit & Loss Video Explanation

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