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This mock test of Test: Profit And Loss- 2 for Quant helps you for every Quant entrance exam.
This contains 10 Multiple Choice Questions for Quant Test: Profit And Loss- 2 (mcq) to study with solutions a complete question bank.
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QUESTION: 1

A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. What is his profit percentage?

Solution:

QUESTION: 2

Solution:

QUESTION: 3

A man sells two houses at the rate of Rs.1.995 lakhs each. On one he gains 5% and on the other, he loses 5%. What is his gain or loss percent in the whole transaction?

Solution:

The correct answer is A as

QUESTION: 4

On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. What is the cost price of a ball?

Solution:

Let the cost price of a ball be Rs. x.

So, the CP of 17 balls is Rs. 17x.

The CP of 5 balls is Rs. 5x.

Since Loss = CP - SP

So, 5x = 17x - 720

On solving, we get

12 x = 720

that is, x = 60

So, the cost price of a ball is Rs. 60.

QUESTION: 5

If a material is sold for Rs.34.80, there is a loss of 25%. Find out the cost price of the material?

Solution:

The correct answer is A as

cost price

=34.80×100/75

=46.40

QUESTION: 6

A shopkeeper sells one more radio for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. What is his total gain or loss percentage?

Solution:

QUESTION: 7

When an item is sold for Rs. 18,700, the owner loses 15%. At what price should that plot be sold to get a gain of 15%?

Solution:

QUESTION: 8

100 oranges were brought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. What is the percentage of profit or loss?

Solution:

QUESTION: 9

A fruit seller sells apples at the rate of Rs.9 per kg and thereby loses 20%. At what price per kg, he should have sold them to make a profit of 5%?

Solution:

QUESTION: 10

John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and Rs.1000 on transport he sold it with 25% profit. What price did he sell the machine?

Solution:

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