General Instructions
- The clock is set at the server. The countdown timer at the top of the screen shows the time remaining. When it reaches zero the test ends by itself — you do not have to submit.
- The Question Palette shows the status of every question using these symbols:
- You have not visited the question yet.
- You have not answered the question.
- You have answered the question.
- You have NOT answered, but have marked it for review.
- You have answered and also marked it for review.
- To answer a question: choose one of the four options, then press Save & Next. To change an answer, select a different option and save again. To remove it, press Clear.
- Your answer is saved only when you press Save & Next or Mark for Review & Next. If you jump to another question from the palette without saving, the answer to the question you were on is not kept. This is how the real exam behaves.
- Sections appear on the bar above the question. You may move between sections at any time, and after the last question of a section you are taken to the first question of the next one.
- Only questions that are saved, or marked for review after answering, are evaluated.
Quant – Profit & Loss – Set 4
Read the following instructions carefully
- The test contains 10 questions.
- Each question has 4 options, of which only one is correct.
- You have to finish the test in 8 minutes.
- You are awarded 1 mark for each correct answer, and 0.25 marks are deducted for each wrong answer.
- There is no negative marking for questions you do not attempt.
- You may pause the test at any time and resume where you left off.
- Your marks, the correct answers and an explanation for every question are shown as soon as you submit.
- You can take this test as many times as you like. A fresh set is drawn each time you reload the page.
Test paused
The clock has stopped. Your answers are safe.
Question Paper
Your paper has been submitted
Your answers are saved on our server. Marks are not shown here — results are published on our Telegram channel on .
Review this set's questions and answers (opens after you submit the test)
This free practice set from AndamanJobs has 10 questions to be solved in 8 minutes. Every question is listed below with four options. Open Show answer and explanation under a question to see the correct option and why it is correct. Try the timed test above first, then use this list to revise the questions you got wrong.
- Nikita bought 30 kg of wheat at the rate of Rs. 9.50 per kg of wheat and the same amount of wheat at the rate of Rs. 8.50 per kg and mixed them. She sold the mixture at the rate of Rs. 8.90 per kg. Her total profit or loss in the transaction was :
- A. Rs. 2 profit
- B. Rs. 6 profit
- C. Rs. 6 loss
- D. Rs. 2 loss
Show answer and explanation
Answer: C. Rs. 6 loss
CP = 30 × 9.5 + 30 × 8.5 = 285 + 255 = 540. SP = 60 × 8.90 = 534. Loss = Rs 6.
- A loss of 20% is incurred when 6 articles are sold for a rupee.To gain 20% how many articles should be sold for a rupee ?
- A. 4
- B. 2
- C. 1
- D. 3
Show answer and explanation
Answer: A. 4
CP of one article = (1/6)/0.8 = 5/24 of a rupee. For a 20% gain SP = 1/4 rupee, so 4 articles are sold for a rupee.
- A clock was sold for Rs. 144. If the percentage of profit was numerically equal to the cost price the cost of the clock was :
- A. Rs. 72
- B. Rs. 90
- C. Rs. 80
- D. Rs. 100
Show answer and explanation
Answer: C. Rs. 80
Let CP = x. Profit % = x, so SP = x(1 + x/100) = 144. Try x = 80: 80 × 1.8 = 144. CP = Rs 80.
- A man gets Rs 13 more by selling an article at a profit of 12 1/2% than by selling it at a loss of 12 1/2%. The cost price of the article is:
- A. Rs.52
- B. Rs. 38
- C. Rs. 65
- D. Rs.25.50
Show answer and explanation
Answer: A. Rs.52
The difference between a 12 1/2% gain and a 12 1/2% loss is 25% of CP = Rs 13. CP = Rs 52.
- Nita blends two varieties of tea one costing Rs. 180 per kg and another costing Rs. 200 per kg in the ratio 5 : 3. If she sells the blended variety at Rs. 210 per kg. then her gain is :
- A. 13 per cent
- B. 11 per cent
- C. 12 per cent
- D. 110 per cent
Show answer and explanation
Answer: C. 12 per cent
Cost per kg = (5 × 180 + 3 × 200)/8 = 1,500/8 = 187.5. Gain = (210 - 187.5)/187.5 = 12%.
- The total cost price of two watches is Rs. 840. One is sold at a profit of 16 per cent and the other at a loss of 12 percent. There is no loss or gain in the whole transaction. The cost price of the watch on which the shopkeeper gains, is :
- A. Rs. 390
- B. Rs. 380
- C. Rs. 370
- D. Rs. 360
Show answer and explanation
Answer: D. Rs. 360
Gain on first watch = 0.16x and loss on second = 0.12(840 - x). Equal: 0.28x = 100.8, so x = Rs 360.
- A tradesman, means of a false balance defrauds 10 percent in buying goods and also defrauds 10 percent in selling. His gain percent is :
- A. 21
- B. 10
- C. 100
- D. 11
Show answer and explanation
Answer: A. 21
He gets 10% more when buying and gives 10% less when selling: 1.1 × 1.1 = 1.21. Gain = 21%.
- By what percent must the cost price be raised in fixing the sale price in order that there may be a profit of 20% after allowing a commission of 10% ?
- A. 133 1/3
- B. 25
- C. 30
- D. 33 1/3
Show answer and explanation
Answer: D. 33 1/3
SP = CP × 1.2 ÷ 0.9 = 1.333 CP, so the price must be raised by 33 1/3%.
- A person buys 100 cups at Rs. 10 each. On the way 20 cups are broken. He sells the remaining cups at Rs. 11 each. His loss per cent is :
- A. 10
- B. 17
- C. 15
- D. 12
Show answer and explanation
Answer: D. 12
CP = 100 × 10 = 1,000. SP = 80 × 11 = 880. Loss = 120/1,000 = 12%.
- If the cost of pins reduces by Rs. 4 per dozen, 12 more pins can be purchased for Rs. 48. The cost of pins per dozen after reduction is :
- A. Rs. 20
- B. Rs. 8
- C. Rs. 16
- D. Rs. 12
Show answer and explanation
Answer: D. Rs. 12
Let the old price per dozen be p: 48/(p - 4) - 48/p = 1 gives p = 16. New price = Rs 12.