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Aptitude :: Profit and Loss

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Loss problems.

Home » Aptitude » Profit and Loss » General Questions

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Exercise :: Profit and Loss - General Questions

Profit and Loss - Important Formulas

Profit and Loss - General Questions
Profit and Loss - Data Sufficiency 1
Profit and Loss - Data Sufficiency 2
Profit and Loss - Data Sufficiency 3
Profit and Loss - Data Sufficiency 4

1. Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the
scooter for Rs. 5800, his gain percent is:
4
A.4 %
7
5
B.5 %
11
C. 10%
D.12%

Answer: Option B

Explanation:

Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.

Selling Price (S.P.) = Rs. 5800.

Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.

300 5
Gain % = x 100 = 5 %
5500 % 11

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2. The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%,
then the value of x is:
A.15
B.16
C. 18
D.25

Answer: Option B

Explanation:

Let C.P. of each article be Re. 1 C.P. of x articles = Rs. x.

S.P. of x articles = Rs. 20.

Profit = Rs. (20 - x).

20 - x
x 100 = 25
x

2000 - 100x = 25x

125x = 2000

x = 16.

Video Explanation: https://youtu.be/sidqvjUoZxY

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3.  If selling price is doubled, the profit triples. Find the profit percent.
2
A.66
3
B.100
1
C. 105
3
D.120

Answer: Option B

Explanation:

Let C.P. be Rs. x and S.P. be Rs. y.

Then, 3(y - x) = (2y - x)    y = 2x.

Profit = Rs. (y - x) = Rs. (2x - x) = Rs. x.

x
Profit % = x 100
x % = 100%

Video Explanation: https://youtu.be/dPzF10mGsWE

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4. In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling
price remains constant, approximately what percentage of the selling price is the profit?
A.30%
B.70%
C. 100%
D.250%

Answer: Option B

Explanation:

Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125

New S.P. = Rs. 420.

Profit = Rs. (420 - 125) = Rs. 295.

295 1475
Required percentage = x 100 = % = 70% (approximately).
420 % 21

Video Explanation: https://youtu.be/bQA8SB8ycbw

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5. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
A.3
B.4
C. 5
D.6

Answer: Option C

Explanation:

C.P. of 6 toffees = Re. 1

6
S.P. of 6 toffees = 120% of Re. 1 = Rs.
5

6
For Rs. , toffees sold = 6.
5

5
For Re. 1, toffees sold = 6 x = 5.
6

Video Explanation: https://youtu.be/7wKrnZ0LKA8

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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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