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AMCAT Papers Elitmus CoCubes Placement Papers & Previous Papers: Problems on Profit and Loss Part 1
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Problems on Profit and Loss Part 1 Please Like Facebook
IMPORTANT FACTS
Cost Price:
The price, at which an article is purchased, is called its cost price, abbreviated as C.P.
Selling Price:
Did you get these Questions in your
The price, at which an article is sold, is called its selling prices, abbreviated as S.P.
Profit or Gain: Tests and Placements?
If S.P. is greater than C.P., the seller is said to have a profit or gain.
Loss:
Yes More than 80%
If S.P. is less than C.P., the seller is said to have incurred a loss.
IMPORTANT FORMULAE
Yes More than 50%
1. Gain = (S.P.) (C.P.)
Gain x 100
Gain % = Vote Results
C.P.
5. Loss Percentage: (Loss %)
Loss x 100
Loss % =
C.P. My Geek Monkey
434 likes
6. Selling Price: (S.P.)
(100 + Gain %)
SP = x C.P
100
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7. Selling Price: (S.P.)
(100 Loss %) Type a message to My Geek Monkey...
SP = x C.P.
100
8. Cost Price: (C.P.)
100
C.P. = x S.P.
(100 + Gain %)
9. Cost Price: (C.P.)
100
C.P. = x S.P.
(100 Loss %)
10. If an article is sold at a gain of say 35%, then S.P. = 135% of C.P.
11. If an article is sold at a loss of say, 35% then S.P. = 65% of C.P.
Messages sent to My Geek Monkey and their
12. When a person sells two similar items, one at a gain of say x%, and the other at a loss of x%, then the seller replies will be available in Messenger
always incurs a loss given by:
(Common Loss and Gain %)2 (x) 2 Typically replies instantly Send
Loss % = = .
100 100
13. If a trader professes to sell his goods at cost price, but uses false weights, then Placement Papers
Error
Gain % = x 100%. E Litmus
(True Value) (Error)
Accenture
Amazon
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: Capgemini
4 Citi Corp
A
4 % Cognizant
. 7
Delloite
B 5 Flipkart
5 % HCL
. 11
IBM
C iGate
10%
. Infosys
L & T
D
12% L & T Infotech
.
TCS
Tech Mahindra
Answer: Option B Wipro
Explanation:
Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.
Selling Price (S.P.) = Rs. 5800.
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2017814 MyGeekMonkey AMCAT Papers Elitmus CoCubes Placement Papers & Previous Papers: Problems on Profit and Loss Part 1
Gain = (S.P.) (C.P.) = Rs.(5800 5500) = Rs. 300.
300 5
Gain % = x 100% = 5 %
5500 11
B eLitmus Previous Papers with answers
16
.
Previous Papers
C English Usage Subject Verb
18 Paragraph Jumbles(English)
.
Number System
D Permutations and Combination
25
. Allegations and Mixtures
Functions
Answer: Option B Percentages
Ratio & Proportion
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 My Geek Monkey
2000 100x = 25x
Follow
125x = 2000
x = 16.
CoCubes Previous Papers with solutions
Cocubes Programming Questions
3. If selling price is doubled, the profit triples. Find the profit percent. Cocubes Logical Reasoning
Cocubes English and Verbal
A 2
66 Cocubes Computer fundamentals Questions
. 3
Cocubes Previous Papers
B
100
. Follow
C 1
105
. 3 Topics
AMCAT
D 120
CoCubes
. Elitmus
Computer Science
Answer: Option B DSA
Data Structures
Explanation:
Interview Experience
Let C.P. be Rs. x and S.P. be Rs. y. Logical
Programming Questions
Then, 3(y x) = (2y x) y = 2x.
Quants
Profit = Rs. (y x) = Rs. (2x x) = Rs. x. Verbal
x
Profit % = x 100% = 100%
x
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% AMCAT Previous Papers with Solutions
.
AMCAT Quantitative Ability Questions
AMCAT English Comprehension Questions
Answer: Option B
AMCAT Verbal Ability Questions
Explanation: AMCAT Computer Programming Questions
AMCAT Computer Science Questions
Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420.
AMCAT Automata Paper Questions
New C.P. = 125% of Rs. 100 = Rs. 125 AMCAT Paper Kolkatta Region
New S.P. = Rs. 420. AMCAT Paper Hyderabad Region
Amcat Paper Punjab Region
Profit = Rs. (420 125) = Rs. 295.
AMCAT Paper North East Region
295 1475 AMCAT Paper Chennai Region
Required percentage = x 100% = % = 70% (approximately).
420 21 Amcat Paper Delhi Region
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2017814 MyGeekMonkey AMCAT Papers Elitmus CoCubes Placement Papers & Previous Papers: Problems on Profit and Loss Part 1
AMCAT Yearwise Papers
5. A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?
2015
A
3 2016
.
B My Geek Monkey
4
. Follow
C
5
.
D
6
.
Answer: Option C
Explanation:
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: Option A
Explanation:
Let C.P. be Rs. x. Tweets by @mygeekmonkey
1920 x x 1280
Then, x 100 = x 100 My Geek Monkey @mygeekmonkey
x x Find all the amcat previous papers here at :
mygeekmonkey.com/2016/10/amcat…
1920 x = x 1280
Dec 17, 2016
2x = 3200
x = 1600 My Geek Monkey @mygeekmonkey
#amcat #eltimus #cocubes all the previous
125 papers at mygeekmonkey.com
Required S.P. = 125% of Rs. 1600 = Rs. x 1600 = Rs 2000.
100 Dec 4, 2016
Load more Tweets
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 Embed View on Twitter
Rs. 18.20
.
B
Rs. 70
.
C
Rs. 72
.
D
Rs. 88.25
.
Answer: Option C
Explanation:
100 1000
C.P. = Rs. x 392 = Rs. x 392 = Rs. 320
122.5 1225
Profit = Rs. (392 320) = Rs. 72.
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
.
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2017814 MyGeekMonkey AMCAT Papers Elitmus CoCubes Placement Papers & Previous Papers: Problems on Profit and Loss Part 1
C
Rs. 1190
.
D
Rs. 1202
.
Answer: Option C
Explanation:
85
S.P. = 85% of Rs. 1400 = Rs. x 1400 = Rs. 1190
100
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: Option C
Explanation:
375
Cost Price of 1 toy = Rs. = Rs. 31.25
12
Selling Price of 1 toy = Rs. 33
So, Gain = Rs. (33 31.25) = Rs. 1.75
1.75 28
Profit % = x 100 % = % = 5.6%
31.25 5
1Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:
0A
. 30%
.
B 1
33 %
. 3
C
35%
.
D
44%
.
Answer: Option D
Explanation:
Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.
5
C.P. of 30 articles = Rs. x 30 = Rs. 25.
6
6
S.P. of 30 articles = Rs. x 30 = Rs. 36.
5
11
Gain % = x 100% = 44%.
25
11. On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:
A
Rs. 45
.
B
Rs. 50
.
C
Rs. 55
.
D Rs. 60
.
Answer: Option D
Explanation:
(C.P. of 17 balls) (S.P. of 17 balls) = (C.P. of 5 balls)
C.P. of 12 balls = S.P. of 17 balls = Rs.720.
720
C.P. of 1 ball = Rs. = Rs. 60.
12
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2017814 MyGeekMonkey AMCAT Papers Elitmus CoCubes Placement Papers & Previous Papers: Problems on Profit and Loss Part 1
C.P. of 1 ball = Rs. = Rs. 60.
12
12. When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain
15%?
A
Rs. 21,000
.
B
Rs. 22,500
.
C
Rs. 25,300
.
D
Rs. 25,800
.
Answer: Option C
Explanation:
85 : 18700 = 115 : x
18700 x 115
x = = 25300.
85
Hence, S.P. = Rs. 25,300.
13. 100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of
profit or loss is:
A 2
14 % gain
. 7
B
15% gain
.
C 2
14 % loss
. 7
D
15 % loss
.
Answer: Option A
Explanation:
350
C.P. of 1 orange = Rs. = Rs. 3.50
100
48
S.P. of 1 orange = Rs. = Rs. 4
12
0.50 100 2
Gain% = x 100% = % = 14 %
3.50 7 7
14. A shopkeeper sells one transistor for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. His
total gain or loss percent is:
A 515% loss
. 17
B 15
5 % gain
. 17
C 2
6 % gain
. 3
D
None of these
.
Answer: Option B
Explanation:
100
C.P. of 1st transistor = Rs. x 840 = Rs. 700.
120
100
C.P. of 2nd transistor = Rs. x 960 = Rs. 1000
96
So, total C.P. = Rs. (700 + 1000) = Rs. 1700.
Total S.P. = Rs. (840 + 960) = Rs. 1800.
100 15
Gain % = x 100%= 5 %
1700 17
15. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the
mixture at Rs. 30 per kg. His profit percent is:
A
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2017814 MyGeekMonkey AMCAT Papers Elitmus CoCubes Placement Papers & Previous Papers: Problems on Profit and Loss Part 1
A
No profit, no loss
.
B
5%
.
C
8%
.
D
10%
.
E
None of these
.
Answer: Option B
Explanation:
C.P. of 56 kg rice = Rs. (26 x 20 + 30 x 36) = Rs. (520 + 1080) = Rs. 1600.
S.P. of 56 kg rice = Rs. (56 x 30) = Rs. 1680.
80
Gain = x 100% = 5%.
1600
Posted by Bhanu Prathap at Friday, October 21, 2016 0 Comments
Labels: Aptitude
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