Profit and Loss - Aptitude Questions and Answers Page 2

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Aptitude :: Profit and Loss

@ : Home > Aptitude > Profit and Loss > General Questions 6. The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit? A.Rs. 2000 B.Rs. 2200 C.Rs. 2400 D.Data inadequate Answer & Explanation Answer: Option A

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Important Formulas

Exercise
Explanation: General Questions Data Sufficiency 1 Data Sufficiency 2 Data Sufficiency 3 Data Sufficiency 4 "I never see what has been done; I only see what remains to be done." - Marie Curie Let C.P. be Rs. x. Then, 1920 - x x - 1280 x 100 = x 100 x x

1920 - x = x - 1280 2x = 3200 x = 1600

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Required S.P. = 125% of Rs. 1600 = Rs.

125 x 1600 = Rs 2000. 100

View Answer Workspace Report Discuss in Forum 7. A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit? A.Rs. 18.20 B.Rs. 70 C.Rs. 72 D.Rs. 88.25 Answer & Explanation Answer: Option C Explanation: C.P. = Rs. 100 1000 x 392 = Rs. x 392 = Rs. 320 122.5 1225

Profit = Rs. (392 - 320) = Rs. 72. View Answer Workspace Report Discuss in Forum 8. A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle? A.Rs. 1090 B.Rs. 1160 C.Rs. 1190 D.Rs. 1202 Answer & Explanation Answer: Option C Explanation: S.P. = 85% of Rs. 1400 = Rs. 85 x 1400 = Rs. 1190 100

View Answer Workspace Report Discuss in Forum 9. Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit? A.3.5 B.4.5 C.5.6 D.6.5 Answer & Explanation Answer: Option C Explanation: Cost Price of 1 toy = Rs. 375 = Rs. 31.25 12

Selling Price of 1 toy = Rs. 33 So, Gain = Rs. (33 - 31.25) = Rs. 1.75 Profit % = 1.75 28 x 100 = % = 5.6% 31.25 % 5

View Answer Workspace Report Discuss in Forum 10. Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is: 1 A.30% B.33 % 3 C.35% D.44% Answer & Explanation Answer: Option D Explanation: Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.

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C.P. of 30 articles = Rs. S.P. of 30 articles = Rs.

5 x 30 = Rs. 25. 6 6 x 30 = Rs. 36. 5

Gain % =

11 x 100 25 % = 44%.

View Answer Workspace Report Discuss in Forum < Prev 123Next >

Read more: Profit and Loss - Important Formulas Profit and Loss - Data Sufficiency 1 Profit and Loss - Data Sufficiency 2 Profit and Loss - Data Sufficiency 3 Profit and Loss - Data Sufficiency 4

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