# Profit and Loss Aptitude Questions and Answers:

#### Overview:

 Questions and Answers Type: MCQ (Multiple Choice Questions). Main Topic: Quantitative Aptitude. Quantitative Aptitude Sub-topic: Profit and Loss Aptitude Questions and Answers. Number of Questions: 10 Questions with Solutions.

1. A retailer purchased a mobile at $$Rs.5000$$ and his overhead expenses are $$Rs.500$$. If he sold the mobile at $$Rs.6000$$, then find the profit percent of the retailer?

1. $$6.12 \ \%$$
2. $$7.06 \ \%$$
3. $$8.03 \ \%$$
4. $$9.09 \ \%$$

Answer: (d) $$9.09 \ \%$$

Solution: cost price of the mobile = $$5000 + 500$$ = $$Rs.5500$$

selling price of the mobile = $$Rs.6000$$

profit amount = $$6000 - 5500$$ = $$Rs.500$$, then $$Profit \ \% = \frac{profit}{CP} \times 100$$ $$= \frac{500}{5500} \times 100$$ $$Profit \ \% = 9.09 \ \%$$

1. If chocolates purchased at prices ranging from $$Rs.50$$ to $$150$$ and sold at prices ranging from $$Rs.100$$ to $$Rs.250$$. Find the greatest possible profit that might be made by selling $$10$$ chocolates?

1. $$Rs.1500$$
2. $$Rs.1800$$
3. $$Rs.2000$$
4. $$Rs.2200$$

Answer: (c) $$Rs.2000$$

Solution: Least cost price of $$10$$ chocolates = $$50 \times 10$$ = $$Rs.500$$

greatest selling price of $$10$$ chocolates = $$250 \times 10$$ = $$Rs.2500$$, then $$Greatest \ Profit = 2500 - 500$$ $$= Rs.2000$$

1. If the selling price of $$9$$ articles is equal to cost price of $$11$$ articles, what is the profit or loss percent?

1. $$20.5 \ \%$$
2. $$21.6 \ \%$$
3. $$22.2 \ \%$$
4. $$23.3 \ \%$$

Answer: (c) $$22.2 \ \%$$

Solution: Let cost price of one article = $$Rs.1$$

cost price of $$9$$ aricles = $$Rs.9$$

selling price of $$9$$ articles = $$Rs.11$$, then $$Profit \ \% = \frac{Profit}{CP} \times 100$$ $$= \frac{2}{9} \times 100$$ $$= 22.2 \ \%$$

1. A dishonest shopkeeper uses a $$900$$ gram weight instead of $$1 \ kg$$ weight. Find the percent profit of the shopkeeper?

1. $$10.12 \ \%$$
2. $$11.11 \ \%$$
3. $$12.11 \ \%$$
4. $$10.25 \ \%$$

Answer: (b) $$11.11 \ \%$$

Solution: Let cost price = $$x \ Rs/kg$$

cost price of $$900 \ gm$$ = $$\frac{9 \ x}{10}$$

profit = $$x - \frac{9 \ x}{10}$$, then $$Profit \ \% = \frac{profit}{CP} \times 100$$ $$= \frac{x - \frac{9 \ x}{10}}{\frac{9 \ x}{10}} \times 100$$ $$= 11.11 \ \%$$

1. A dishonest shopkeeper sells sugar in a such a way that the selling price of $$850 \ grams$$ is equal to cost price of $$1 \ kg$$, then find the profit percent of the shopkeeper?

1. $$17.6 \ \%$$
2. $$18.7 \ \%$$
3. $$15.5 \ \%$$
4. $$12.25 \ \%$$

Answer: (a) $$17.6 \ \%$$

Solution: Let cost price = $$1 \ Rs/kg$$

cost price of $$850$$ gram sugar = $$Rs.850$$

selling price of $$850$$ gram sugar = $$Rs.1000$$

profit amount = $$1000 - 850$$ = $$Rs.150$$, then $$Profit \ \% = \frac{Profit}{CP} \times 100$$ $$= \frac{150}{850} \times 100$$ $$= 17.6 \ \%$$

1. A retailer purchased a laptop at $$Rs.20000$$ and his overhead expenses are $$Rs.1000$$. If he sold the laptop at $$Rs.19000$$, then find the loss percent of the retailer?

1. $$8.65 \ \%$$
2. $$9.52 \ \%$$
3. $$7.59 \ \%$$
4. $$6.58 \ \%$$

Answer: (b) $$9.52 \ \%$$

Solution: cost price of the laptop = $$20000 + 1000$$ = $$Rs.21000$$

selling price of the laptop = $$Rs.19000$$

Loss amount = $$21000 - 19000$$ = $$Rs.2000$$, then $$Loss \ \% = \frac{Loss}{CP} \times 100$$ $$= \frac{2000}{21000} \times 100$$ $$Loss \ \% = 9.52 \ \%$$

1. A man loses $$Rs.50$$ on selling an articles for $$Rs.300$$. What is the loss percent of the man?

1. $$14.28 \ \%$$
2. $$12.24 \ \%$$
3. $$11.11 \ \%$$
4. $$10.36 \ \%$$

Answer: (a) $$14.28 \ \%$$

Solution: selling price (SP) = $$Rs.300$$

Loss = $$Rs.50$$, $$Loss = CP - SP$$ $$50 = CP - 300$$ $$CP = Rs.350$$, then $$Loss \ \% = \frac{Loss}{CP} \times 100$$ $$= \frac{50}{350} \times 100$$ $$= 14.28 \ \%$$

1. A man purchased a book at $$Rs.600$$ and sold it at $$Rs.500$$. Find the loss percent of the man?

1. $$14.12 \ \%$$
2. $$12.26 \ \%$$
3. $$16.67 \ \%$$
4. $$10.38 \ \%$$

Answer: (c) $$16.67 \ \%$$

Solution: cost price (CP) = $$Rs.600$$

selling price (SP) = $$Rs.500$$

Loss = $$600 - 500$$ = $$Rs.100$$, then $$Loss \ \% = \frac{Loss}{CP} \times 100$$ $$= \frac{100}{600} \times 100 = 16.67 \ \%$$

1. A boy purchased a tablet at $$Rs.12000$$ and sold with the profit of $$Rs.2000$$. Find the profit percent of the boy?

1. $$16.67 \ \%$$
2. $$15.75 \ \%$$
3. $$18.25 \ \%$$
4. $$12.38 \ \%$$

Answer: (a) $$16.67 \ \%$$

Solution: cost price (CP) = $$Rs.12000$$

profit = $$Rs.2000$$, then $$Profit \ \% = \frac{profit}{CP} \times 100$$ $$= \frac{2000}{12000} \times 100 = 16.67 \ \%$$

1. If a retailer purchased mobiles at prices ranging from $$Rs.5000$$ to $$10000$$ and sold at prices ranging from $$Rs.6000$$ to $$Rs.12000$$. Find the greatest possible profit that might be made by selling $$5$$ mobiles?

1. $$Rs.30000$$
2. $$Rs.32000$$
3. $$Rs.34000$$
4. $$Rs.35000$$

Answer: (d) $$Rs.35000$$

Solution: Least cost price of $$5$$ mobiles = $$5000 \times 5$$ = $$Rs.25000$$

greatest selling price of $$5$$ mobiles = $$12000 \times 5$$ = $$Rs.60000$$, then $$Greatest \ Profit = 60000 - 25000$$ $$= Rs.35000$$