This set of Aptitude Questions and Answers (MCQs) focuses on “Profit and Loss – Set 4”.
1. The marked price of an article is 12% more than the selling price. What is the discount percentage?
a) 12%
b) 11.7%
c) 10.7%
d) 9.35%
View Answer
Explanation: Let the cost price be x.
Here there is no mention of a profit or loss so we will assume there is none.
Cost price = selling price
Selling price = x
Marked price = x + 12% of x
marked price = 1.12x
discount = marked price – selling price = 0.12x
The discount in terms of the marked price = 0.12 / 112 * 100 = 10.71% ≈ 10.7%
2. The selling price of an article is 20% less than the profit. If the cost price is 200 rupees, find the selling price.
a) 800 rupees
b) 900 rupees
c) 1000 rupees
d) 1200 rupees
View Answer
Explanation: Let the profit be x.
The selling price is 20% less than the profit = x – 20% of x = 0.8x
The cost price = selling price – profit = x – 0.8x = 0.2x
0.2x = 200 x = x = 200 / 2 * 10 = 1000 rupees
3. The cost price of an article is 2450 rupees. Find the profit if the selling price and the cost price are in a ratio 7 : 11.
a) 1200 rupees
b) 1400 rupees
c) 2100 rupees
d) 1540 rupees
View Answer
Explanation: The cost price is 7 parts of the ratio.
7 parts of the ratio = 2450
1 part of the ratio = 2450 / 7 = 350
The selling price = 11 parts of the ratio = 11 * 350 = 3850
The profit = 3850 – 2450 = 1400 rupees
4. The cost price of an article is 1.35 times the selling price. Find the loss percent.
a) 25.3%
b) 25.7%
c) 25.9%
d) 26.7%
View Answer
Explanation: Let the selling price be x.
The cost price = 1.35 times the selling price = 1.35x
The loss = cost price – selling price = 0.35x
The loss percentage = 0 / 35 / 1.35 * 100 = 25.92% ≈ 25.9%
5. The cost price of an article is 6.5 times the profit. Find the profit percentage.
a) 15.1%
b) 15.2%
c) 15.3%
d) 15.4%
View Answer
Explanation: Let the profit be x.
The cost price = 6.5 times of the profit = 6.5x
The profit percentage = x / 6.5x * 100 = 15.38% ≈ 15.4%
6. Find the profit percentage if the selling price is 1.25 times the profit.
a) 25%
b) 50%
c) 200%
d) 400%
View Answer
Explanation: Let the profit be x.
The selling price is 1.25 times the profit = 1.25x
The cost price = selling price – profit = 1.25x – x = 0.25x
The profit percentage = x / 0.25x * 100 = 400%
7. The profit earned by selling an article for 670 rupees is 23%. Find the cost price.
a) 543 rupees
b) 544 rupees
c) 545 rupees
d) 546 rupees
View Answer
Explanation: Let the cost price be x.
The profit = 23% of x = 0.23x
The selling price = x + 0.23x = 1.23x
1.23x = 670 rupees
Cost price = x = 670 / 1.23 = 544.71 rupees ≈ 545 rupees
8. The cost price of an article is 1.56 times the selling price. Find the loss percentage.
a) 35.8%
b) 39.5%
c) 35.9%
d) 39.5%
View Answer
Explanation: Let the selling price be x.
The cost price = 1.56 times the selling price = 1.56x
Loss = cost price – selling price = 1.56x – x = 0.56x
Loss percentage = 0.56 / 1.56 * 100 = 35.89% ≈ 35.9%
9. The total of the selling price and the cost price is 1250. If the profit is 35%, find the selling price.
a) 718 rupees
b) 798 rupees
c) 789 rupees
d) 790 rupees
View Answer
Explanation: Let the cost price be x.
The profit is 35% = 0.35x
The selling price = profit + cost price = x + 0.35x = 1.35x
The sum of cost price and selling price is given 1250.
1.35x + x = 2.35x = 1250
1.35x = 1250 / 2.35 * 1.35 = 718.08 ≈ 718 rupees
10. The cost price of an article is twice the discount. If the discount is 40% of the selling price, find the profit or loss percent.
a) 25% loss
b) 25% profit
c) 20% loss
d) 20% profit
View Answer
Explanation: Let the cost price be x.
The discount is half the cost price = x / 2 = 0.5x
The discount is 40% of the selling price.
40% of the selling price = 0.5x
100% of the selling price = 0.5x / 40 * 100 = 1.25x
The selling price = 1.25x
The profit = selling price – cost price = 1.25x – x = 0.25x
The profit percentage = 0.25 / 1 * 100 = 25% profit
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