1000+ Aptitude Questions and Answers for Entrance Exam - 2

Question: 6

If books bought at prices ranging from Rs.200 to Rs.350 are sold at prices ranging from Rs.300 to Rs.425, what is the greatest profit that might be made in selling eight books?

(A) Rs. 400

(B) Rs. 600

(D) Rs.1800

View Answer

Ans: D

Least C.P. = Rs. (200 × 8) = Rs. 1600.

Greatest S.P. = Rs. (425 × 8) =Rs. 3400.

Required profit = Rs. (3400 - 1600) = Rs.1800.

Question: 7

A trader buys some goods for Rs.150. If the overhead expenses be 12% of cost price, then at what price should it be sold to earn 10%?

(A) Rs. 184.80

(B) Rs. 185.80

(D) Rs. 188.80

View Answer

Ans: A

Total C.P. = Cost + Overhead expenses

= Rs. (150 + 12% of 150) = Rs. (150 + 18) = Rs. 168.

∴ S.P. = Rs. $$({110}/{100} × 168)$$ = Rs. 184.80.

Question: 8

Raju purchased an item for Rs.8200 and sold it at a gain of 25%. From that amount he purchased another item and sold it at a loss of 20%. What is his overall gain/loss?

(A) Loss of Rs. 120

(B) Gain of Rs. 120

(D) Neither loss nor gain

View Answer

Ans: D

Initial investment = Rs. 8200.

S.P. of 1st item = Rs. $$({125}/{100} × 8200)$$ = Rs. 10250.

C.P. of 2nd item = Rs. 10250.

Loss = 20%.

Final receipt = S.P. of 2nd item = Rs. $$({80}/{100} × 10250)$$ = Rs. 8200.

Since initial investment = final receipt, there was neither gain nor loss.

Question: 9

A man sold 18 cots for Rs.16,800 gaining thereby the cost price of 3 cots. The cost price of a cot is

(A) Rs. 650

(B) Rs. 750

(D) Rs. 850

View Answer

Ans: C

(S.P. of 18 cots) - (C.P. of 18 cots) = (C.P. of 3 cots)

⇒ C.P. of 21 cots = S.P. of 18 cots = Rs. 16800

⇒ C.P. of 1 cot = Rs. $$({16800}/{21})$$ = Rs. 800.

Question: 10

Oranges are bought at 5 for Rs.10 and sold at 6 for Rs.15. The profit or loss as percentage is

(A) 20%

(B) 25%

(D) 40%

View Answer

Ans: B

Suppose, number of oranges bought = L.C.M. of 5 and 6 = 30.

C.P. of 30 orange = Rs. $$({10}/{5} × 30)$$ = Rs. 60.

S.P. of 30 oranges = Rs. $$({15}/{6} × 30)$$ = Rs. 75.

∴ Profit% = $$({15}/{60} × 100)$$% = 25%.

1000+ Aptitude Questions and Answers for Entrance Exam - 2

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