SP Quiz - SPLessons
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Profit and Loss – Quiz 2

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Profit and Loss – Quiz 2

shape Introduction

Profit and Loss is one of important topic in Quantitative Aptitude Section. In Profit and Loss – Quiz 2 article candidates can find questions with answers. By solving this questions candidates can improve and maintain, speed, and accuracy in the exams. Profit and Loss - Quiz 2 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.

shape Q1

A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
    A. Rs. 18.20 B. Rs. 70 C. Rs. 72 D. Rs. 88.25

SPLessons

C.P = Rs ([latex]\frac{100}{122.5} \times 392[/latex]) = Rs. ([latex]\frac{1000}{1225} \times 392[/latex]) = Rs. 320
i.e, Profit = Rs. (392 - 320) = Rs. 72

shape Q2

A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
    A. Rs. 1090 B. Rs. 1160 C. Rs. 1190 D. Rs. 1202

SPLessons

S.P. = 85% of Rs. 1400 = Rs. ([latex]\frac{85}{100} \times 1400[/latex]) = Rs. 1190

shape Q3

Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
    A. 3.5 B. 5.8 C. 5.6 D. 6.5

SPLessons

Cost Price of 1 toy = Rs. ([latex]\frac{375}{12}[/latex]) = Rs. 31.25
Selling Price of 1 toy = Rs. 33
So, Gain = Rs. (33 - 31.25) = Rs. 1.75
Profit % = ([latex]\frac{1.75}{31.25} \times 100[/latex])% = [latex]\frac{28}{5}[/latex] % = 5.6%

shape Q4

Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:
    A. 30 % B. 33 [latex]\frac{1}{3}[/latex] % C. 35 % D. 44 %

SPLessons

Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.
C.P. of 30 articles = Rs. ([latex]\frac{5}{6} \times 30[/latex]) = Rs. 25.
S.P. of 30 articles = Rs. ([latex]\frac{6}{5} \times 30[/latex]) = Rs. 36.
Gain % = ([latex]\frac{11}{25}\times 100[/latex]) % = 44%.

shape Q5

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:
    A. Rs. 45 B. Rs. 50 C. Rs. 55 D. Rs. 60

SPLessons

(C.P. of 17 balls) - (S.P. of 17 balls) = (C.P. of 5 balls)
C.P. of 12 balls = S.P. of 17 balls = Rs.720.
C.P. of 1 ball = Rs. ([latex]\frac{720}{12}[/latex]) = Rs. 60.
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