Profit and Loss Aptitude Practice Test - Set 02 - ObjectiveBooks
Profit and Loss Aptitude Practice Test - Set 02

Profit and Loss Aptitude Practice Test - Set 02

Practice Test: Question Set - 02

1. The S.P. of 20 bananas is equal to C.P. of 25 bananas. The profit in percent is
    (A) 20%
    (B) 25%
    (C) 30%
    (D) 16⅔ %
2. If by selling an article for RS. 100, a man gains Rs. 15 then his gain percent is
    (A) 17 11/17 %
    (B) 17 1/17 %
    (C) 15 11/17 %
    (D) 15 1/17 %
3. John sold his watch for Rs. 75 and got a percentage of profit equal to the cost price. The cost price of the watch is
    (A) Rs. 40
    (B) Rs. 60
    (C) Rs. 50
    (D) Rs. 52.50
4. A shopkeeper bought an article for Rs. 319.60. Approximately at what price should he sell the article to make 25% profit?
    (A) Rs. 499
    (B) Rs. 400
    (C) Rs. 300
    (D) Rs. 480
5. If the C.P. of 21 oranges is equal to the S.P. of 18 oranges. The profit percent is
    (A) 7 1/7 %
    (B) 5 5/9 %
    (C) 16 2/3 %
    (D) 7 1/3 %
6. If the cost price of 12 tables is equal to the selling price of 16 tables, the loss percent is
    (A) 19%
    (B) 21%
    (C) 23%
    (D) 25%
7. The manufacture of a machine sells it to a distributor at a profit of 20%. The distributor in turn sells it to a stockist at a gain of 10%. The stockist sells it to a customer for Rs. 1,45,200 at a gain of 10%. The cost price of the machine for the manufacture is
    (A) Rs. 87,000
    (B) Rs. 1,00,000
    (C) Rs. 1,05,000
    (D) Rs. 1,20,000
8. By selling an article, a shopkeeper earned a profit equal to 1/4th of the price he bought it. If he sold it for Rs.375 what was the cost price
    (A) Rs. 300
    (B) Rs. 350
    (C) Rs. 700
    (D) Rs. 450
9. A shopkeeper sells his goods at 20% profit. He weighs 10% less. His gain % is
    (A) 25%
    (B) 30%
    (C) 33⅓ %
    (D) 40%
10. Cost of 3 cricket balls = cost of 2 pairs of leg pads,  cost of 3 pairs of leg pads = cost of 2 pars of glovers,  cost of 3 pairs of gloves = cost of 2 cricket bat,  if a cricket bat costs Rs.54, what is the cost of a cricket ball?
    (A) Rs. 10
    (B) Rs. 16
    (C) Rs. 18
    (D) Rs. 20
11. A shopkeeper professes to sell his articles on C.P. but he uses false weight of 900 gm for 1 kg. His gain percent is
    (A) 10%
    (B) 10 1/9 %
    (C) 11%
    (D) 11 1/9 %
12. William purchased a refrigerator with a marked price of Rs. 6000 in a sale where 25% discount was being offered on the marked price. He was given a further discount of 10% on the amount arrived at after giving 25% discount.
    (A) Rs. 3900
    (B) Rs.4050
    (C) Rs.5400
    (D) Rs.5650
13. There would be 10% loss if a toy is sold at RS. 10.80 per piece. At what price should it be sold to earn a profit of 20%?
    (A) Rs. 14.60
    (B) Rs. 13
    (C) Rs. 12.40
    (D) Rs. 14.40
14. A motorcycle is sold at a profit of 16%. Had it been sold for Rs. 1000 more, the profit would have been 20%. Find its C.P.
    (A) Rs. 20,000
    (B) Rs. 22,500
    (C) Rs. 25,000
    (D) Rs.27,500
15. A shopkeeper on selling a pen for Rs. 10 loses 1/11 of what it costs him. His cost price is
    (A) 13
    (B) 17
    (C) 11
    (D) 19
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