Introduction
Profit and Loss is one of important topic in Quantitative Aptitude Section. In Profit and Loss Quiz 12 article candidates can find questions with answer. By solving this questions candidates can improve and maintain, speed, and accuracy in the exams. Profit and Loss Quiz 12 questions are very useful for different exams such as IBPS PO, Clerk, SSC CGL, SBI PO, NIACL Assistant, NICL AO, IBPS SO, RRB, Railways, Civil Services etc.
Q1
A seller gains the cost of 40 dozen apples by selling 25 dozen of apples. Then the gain percent is:
- A. 60%
B. 40%
C. 48%
D. 56%
Given that the cost price(CP) of 40 dozen of apples is equal to selling of 25 dozen of apples.
Let the CP of 1 dozen of apple = Rs.1
Therefore CP of 40 dozen apples = Rs.40
Given, SP of 25 dozen apples = Rs.40
Then SP of 1 dozen apples = Rs. [latex]\frac {40}{25} = Rs. \frac {8}{5} [/latex]
Therefore profit of 1 dozen apples = Rs.([latex]\frac {8}{5}[/latex] - 1) (SP - CP)
= Rs.[latex]\frac {3}{5}[/latex]
Then profit % = [latex]\frac {3}{5}[/latex] x 100 = 60%
Q2
Rahul bought a computer for Rs.52,000 and spent Rs.4000 on its repairs. If he sells at Rs.47,000 then what will be his loss percentage?
- A. 13
B. 14
C. 16 1/14
D. 19
Rahul bought the computer at Rs.52,000
Amount for repairing = Rs.4000
Total Cost price of the computer = Rs.52,000 + Rs.4000 = Rs.56,000
Selling price = Rs.47,000
Therefore the amount of loss = CP - SP = 56,000 - 47,000 = Rs.9000
Loss % = [latex] \frac {loss x 100}{CP} = \frac {9000 x 100}{56000} = \frac {900}{56}[/latex]
[latex] \frac {225}{14} = 16 \frac {1}{14}[/latex]
Q3
A bathing soap marked at Rs.80 is sold for Rs.68.Find the rate of discount.
- A. 12%
B. 13%
C. 14%
D. 15%
Marked price = (M.P) = Rs.80
Selling price = (S.P) = Rs.68
Discount amount = Rs. 80 - 68 = Rs.12
Therefore, Rate of discount = [latex]\frac {Discount \times 100} {M.P}[/latex]
= [latex]\frac {12 x 100}{80} = \frac {120}{8} [/latex]= 15%
Hence the answer is 15%
Q4
Sonu bought some articles for Rs.490 and sold for Rs.465.50 then the loss percentage is:
- A. 5
B. 10
C. 20
D. 25
Given that the C.P = Rs.490
And the S.P = 465.50
Then loss = C.P - S.P
490 - 465.50 = Rs.24.50
Therefore loss percentage = [latex]\frac {24.50 x 100}{490}[/latex] = 5%
Hence the answer is 5.
Q5
Shiva purchased some fruits for Rs.56.25 and sold at 20% gain then the selling price of the fruit is:
- A. 50
B. 65.5
C. 67.5
D. 63.5
Here gain % = 20%
Suppose C.P = 100 and gain 20% then S.P = 120.
Now, C.P = 56.25
S.P = [latex] \frac {120 x 56.25}{100}[/latex] (i.e., 120% of 56.25)
S.P = 67.50
Hence, the required answer is Rs.67.50