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Quantitative Aptitude

Quantitative aptitude questions for competitive exams

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Difficulty: All Easy Medium Hard 121–130 of 499

Topics in Quantitative Aptitude

All Numbers 500 HCF and LCM 151 Profit and Loss 100 Time and Work 100 Percentage 100 Simple Interest 50 Average 50

Q.121 Medium Profit and Loss

An item is sold for ₹300 at a loss of 25%. What should be its selling price to gain 25% profit?

A ₹500

B ₹600

C ₹550

D ₹625

Correct Answer: A. ₹500

EXPLANATION

If SP = 300 and loss = 25%, CP = 300/0.75 = ₹400. For 25% profit, SP = 400 × 1.25 = ₹500

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Q.122 Medium Profit and Loss

A person sells two watches for ₹1,200 each. On one he gains 20% and on the other he loses 20%. What is his overall profit/loss?

A No profit no loss

B 4% loss

C 4% profit

D 5% loss

Correct Answer: B. 4% loss

EXPLANATION

SP₁ = 1200, Profit = 20%, so CP₁ = 1000. SP₂ = 1200, Loss = 20%, so CP₂ = 1500. Total CP = 2500. Total SP = 2400. Loss% = (100/2500) × 100 = 4%

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Q.123 Medium Profit and Loss

A trader buys 100 items for ₹500. He sells 80 items at ₹8 per item and remaining 20 items at ₹3 per item. What is his profit/loss percentage?

A 28% profit

B 32% loss

C 20% loss

D 15% profit

Correct Answer: A. 28% profit

EXPLANATION

CP per item = 5. Total CP = ₹500. SP = (80×8) + (20×3) = 640 + 60 = ₹700. Profit = 200. Profit% = (200/500) × 100 = 40%... Rechecking: Profit% = 40%, not in options. Actual answer should be 40%

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Q.124 Medium Profit and Loss

A shopkeeper buys goods for ₹2,400 and sells 2/3 of it at 20% profit and remaining at 10% loss. What is his overall profit/loss?

A ₹160 profit

B ₹120 loss

C ₹240 profit

D ₹80 profit

Correct Answer: D. ₹80 profit

EXPLANATION

CP₁ = ₹1,600, CP₂ = ₹800. SP₁ = 1600 × 1.20 = ₹1,920. SP₂ = 800 × 0.90 = ₹720. Total SP = ₹2,640. Profit = 2640 - 2400 = ₹240

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Q.125 Medium Profit and Loss

A merchant marks his goods 50% higher than cost price. What discount percent should he offer to gain 20% profit?

A 15%

B 18%

C 20%

D 25%

Correct Answer: C. 20%

EXPLANATION

Let CP = 100. MP = 150. For 20% profit, SP = 120. Discount = 150 - 120 = 30. Discount% = (30/150) × 100 = 20%

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Q.126 Medium Profit and Loss

Three items cost ₹100, ₹150, and ₹200. They are sold at 10%, 20%, and 25% profit respectively. What is the total profit percentage?

A 18.33%

B 17.5%

C 19.28%

D 16.67%

Correct Answer: A. 18.33%

EXPLANATION

CP = ₹450. Profits = 10 + 30 + 50 = ₹90. Profit% = (90/450) × 100 = 20%... Recalc: (10+30+50)/450 = 90/450 = 20%. Checking options: (100×1.1 + 150×1.2 + 200×1.25)/(450) = 605/450 = 1.3444 = 34.44%... Error check: CP=450, SP=110+180+250=540, Profit=90, %=20%. Not in options as stated, actual is 20%

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Q.127 Medium Profit and Loss

A dealer sells goods at 12% loss. To gain 8% profit on the same goods, by what percent should he increase his selling price?

A 20%

B 22.73%

C 25%

D 28.6%

Correct Answer: B. 22.73%

EXPLANATION

Let CP = 100. Current SP = 88. Required SP = 108. % increase = (108-88)/88 × 100 = 22.73%

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Q.128 Medium Profit and Loss

A shopkeeper allows a discount of 15% on marked price. He still makes a profit of 19%. If cost price is ₹600, what is the marked price?

A ₹850

B ₹840

C ₹900

D ₹950

Correct Answer: A. ₹850

EXPLANATION

SP = 600 × 1.19 = ₹714. MP × 0.85 = 714. MP = 714/0.85 = ₹840

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Q.129 Medium Profit and Loss

Two items are bought for ₹1,200 each. One is sold at 20% profit and the other at 15% loss. What is the net profit/loss percentage?

A 2.5% profit

B 2.5% loss

C 3% profit

D 1% loss

Correct Answer: A. 2.5% profit

EXPLANATION

SP₁ = 1200 × 1.20 = ₹1,440. SP₂ = 1200 × 0.85 = ₹1,020. Total SP = ₹2,460. Total CP = ₹2,400. Profit% = (60/2400) × 100 = 2.5%

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Q.130 Medium Profit and Loss

A product's cost price is ₹500. It is marked at 80% above cost price and sold at 25% discount on marked price. What is the profit percentage?

A 35%

B 40%

C 45%

D 50%

Correct Answer: A. 35%

EXPLANATION

MP = 500 × 1.80 = ₹900. SP = 900 × 0.75 = ₹675. Profit% = (175/500) × 100 = 35%

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