Aptitude Test - Profit and Loss


When we purchase an article at a certain price then that price is called cost price (C.P). Whereas when we sell an article at a certain price then that price is called selling price (S.P). If S.P is greater than C.P, then the seller is said to have a profit or gain. If S.P is less than C.P, then the seller is said to have incurred a loss.

1. Gain = S.P - C.P
2. Loss = C.P - S.P
3. Profit % = (profit x 100) / C.P
4. Loss % = (loss x 100) / C.P

This is the MCQ test on profit and loss for evaluating quantitative ability. The questions are extracted from real competitive exams.


Aptitude exam on Profit and Loss

The test consists of 12 questions

No negative marking for this test.

No Time limit

The pass percentage is 70%

The correct answer with a description will be displayed after the answer has been marked.

Submit the test to calculate your score once you are done with all the questions.

Complexity Level- Moderate







Q1. What is the profit percentage if a person purchased a fridge for Rs. 12000 and sold it for Rs. 15000?














Q2: If the cost price of an article is Rs. 7840 then what must be the selling price of the article so that there is a profit of 7%?


















Q3. A retailer buys 144 eggs at 90 paise each. He breaks 20 eggs on the way. He sold the remaining eggs at Rs. 1.20 each. The percentage gain or loss is ________

















Q4: A vegetable vendor buys lemons at 2 for a rupee and sells them at 5 for three rupees. His profit percent is _____

















Q5: A shopkeeper bought 6 toffees for a rupee. In order to gain 20%, how many toffees he must sell for a rupee?
















Q6: By selling 90 pens for Rs. 160, a person loses 20%. How many pens should be sold for Rs. 96, so as to have a profit of 20%?
















Q7: Peter buys a car at a 20% discount on the price and sells it at a 20% higher price. His percentage gain is ______

















Q8: A trader sells an article and loss 12.5%. Find the ratio of cost price to the selling price.
















Q9: Find the ratio of cost price to selling price if an article is sold at 200% profit.
















Q10: A person gets a profit of Rs. 15 by selling a book for Rs. 100. His gain percentage is _______
















Q11: If the ratio of cost price to the selling price of a product is 10:11, then what will be the profit percentage?
















Q12: The profit earned after selling a product for Rs. 1754 is the same as the loss incurred after selling the product for Rs. 1492. Find the cost price of the product.