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PROFIT & LOSS
PROFIT & LOSS QUANTITATIVE APTITUDE MOCK TEST SET 2
January 17, 2016
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1) Ravinder loses 15% by selling a radio for Rs. 510 , for how much should he sell the radio to gain 15% in it?
(a) 700
(b) 690
(c )600
(d)None

Answer

b

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2) The CP of 20 articles is same as selling price of 15 articles. The profit percent in transaction is:
A)25
(B)30
(C)33 1/3
(d)50
(e)None

Answer

c

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3) Rajesh buys an article with 25% discount on its Market Price. He makes a profit of 10% by selling it at Rs 660. The Market price is
a) Rs 600
(b)Rs 685
(c )Rs. 700
(d)Rs. 800
(e)None

Answer

d

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4)Nandlal purchased 20 dozen notebooks at Rs. 48 per dozen. He sold 8 dozens at 10% profit and remaining 12 dozens with 20% profit. What is his profit percentage in this transaction?
(a)15
(b)16
(c )7.68
(d)19.2
(e)None

Answer

b

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5)By selling vehicle for Rs. 455000, Samant suffers 25% loss. What was his loss?
(a) Rs . 115370
(b)Rs. 113570
(c )Rs. 113750
(d)None

Answer

d

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(6) Vinod bought a car and got 15% of its original as dealer’s discount. He then sold it with 20% profit on his purchase price. What % age profit did he get on the original price of car?
(a) 2%
(b)12%
(c )5%
(d)17%
(e)None

Answer

a

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(7) A shopkeeper marks his goods 20% higher than cost price and allows a discount of 5%. The percentage of his profit is
(a) 10%
(b)14%
(c )15%
(d)20%
(e)None

Answer

b

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(8)A customer saves Rs. 15 when a discount of 20% of the marked prices of article is offered .What did he have to pay for the article?
a)Rs.50
(b)Rs.60
(c )Rc.120
(d)Rs.75
(e)Rs.80

Answer

b

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(9)Kewal sells two tape recorders at same price. On one he gains 10% and another he loses 10% . His total percentage gain or loss on the transaction is
(a)1% gain
(b)1% loss
(c )2% loss
(d)No gain no loss

Answer

b

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(10)A person bought a tea set and sold it at gain of 5%. If he had bought it at 5% less and sold it for Re 1 less, he would have made a profit of 10% . The price of tea set is
a) Rs 150
(b)Rs 200
(c )Rs250
(d)Rs300
(d)None

Answer

b

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