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Home Aptitude Profit and Loss Comments

  • Question
  • 12 days payment to the servant in a cloth showroom in festival season is Rs. 400 plus one shirt. The servant leaves after 9 days and recieves Rs. 280 and a shirt. What is the price of the shirt ?


  • Options
  • A. Rs. 80
  • B. Rs. 120
  • C. Rs. 70
  • D. Rs. 100

  • Correct Answer
  • Rs. 80 

    Explanation

    The servant worked for 9 days instead of 12 days, he should receive 9/12 of his total payment

    Let the price of 1 shirt be Rs. S 

    i.e., 3/4 (400 + S).

    However, the question states that the servant receive Rs. 280 + S where S is the price of the shirt.

    By equating the two equations we get 3/4 (400 + S) = 280 + S.

    Therefore, Price of the shirt S = Rs. 80.

  • Tags: Bank Exams, CAT, GATE, Bank Clerk, Bank PO

    Profit and Loss problems


    Search Results


    • 1. 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

    • Options
    • A. 70%
    • B. 80%
    • C. 90%
    • D. None of above
    • Discuss
    • 2. What is the profit or loss % when a shopkeeper bought 4 mangoes for Rs. 6 and sold them @ 4 mangoes for Rs. 4?

    • Options
    • A. 36.333%
    • B. 33.666%
    • C. 33.333%
    • D. 36.666%
    • Discuss
    • 3. If goods be purchased for Rs.450 and 1/3 is sold at a loss of 10%. At what gain % should the remainder is sold to has to gain 20% on the whole transaction?

    • Options
    • A. 35%
    • B. 28%
    • C. 22%
    • D. 19%
    • Discuss
    • 4. A person sold two cows each for Rs.9900. If he gained 10% on one and lost 20% on the other, then which of the following is true?

    • Options
    • A. He Gained Rs. 200
    • B. He lost Rs. 200
    • C. He neither gained nor lost
    • D. None of the above
    • Discuss
    • 5. Cost of 3 cricket balls = cost of 2 pairs of leg pads. Cost of 3 pairs of leg pads = cost of 2 pairs of gloves. Cost of 3 pairs of gloves = cost of 2 cricket bats. If a cricket bat costs Rs 54, what is the cost of a cricket ball.

    • Options
    • A. Rs 12
    • B. Rs 16
    • C. Rs 14
    • D. Rs 18
    • Discuss
    • 6. By selling an article at Rs.800, a shopkeeper makes a profit of 25%.At what price should he sell the article so as to make a loss of 25%?

    • Options
    • A. Rs.720
    • B. Rs.640
    • C. Rs.540
    • D. Rs.480
    • Discuss
    • 7. A sweet seller sells 3/5th part of sweets at a profit of 10% and remaining at a loss of 5%. If the total profit is Rs 1500, then what is the total cost price of sweets ?

    • Options
    • A. Rs.37,500
    • B. Rs.36,400
    • C. Rs.37,415
    • D. Rs.36,500
    • Discuss
    • 8. Anil purchases two books for Rs.100. He sells first at loss of 5% and second al 20% profit. If he gets Overall profit of 5% then what is cost of first book?

    • Options
    • A. 58
    • B. 60
    • C. 55
    • D. 45
    • Discuss
    • 9. Karthik incurred a loss of 40 percent on selling an article for Rs. 5,640. At what price should he have sold the item to have profit of 25%?

    • Options
    • A. Rs. 11750
    • B. Rs. 12550
    • C. Rs. 13650
    • D. Rs. 11550
    • Discuss
    • 10. If the selling price of a mat is five times the discount offered and if the percentage of discount is equal to the percentage profit, find the ratio of the discount offered to the cost price.

    • Options
    • A. 6:31
    • B. 11:30
    • C. 7:30
    • D. 31:6
    • Discuss


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