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Home Aptitude Profit and Loss Comments

  • Question
  • Mr. Rajan invested Rs 1,00,000 in US Stock Markets when the GBPINR rate was 75. After one year his investment appreciated by 20% in GBP terms. He sold of his investments and repatriated the money to India at the then existing rate of 80. what was real returns in INR?


  • Options
  • A. loss of 24%
  • B. gain of 28%
  • C. loss of 28%
  • D. gain of 20%

  • Correct Answer
  • gain of 28% 

    Explanation

    Money invested by Rajan before 1 year was = Rs. 100000

    Money in UK pounds @ 75 is = 100000/75 = 1333.33 Pounds

     

    Now, after 1 year invested amount was appreciated by 20%

    => 20% of 1333.33 = 266.66

     

    Total investment becomes = 1333.33 + 266.66 = 1600 Pounds

    This 1600 Pounds @ Indian currency at 80 = 1600 x 80 = Rs. 1,28,000

     

    Hence, Rajan's investment of Rs. 1,00,000 becomes Rs. 1,28,000 in 1 year

     

    Therefore, his profit % = [(128000 - 100000)/100000] x 100 = 28%.

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

    Profit and Loss problems


    Search Results


    • 1. While selling a router, a shopkeeper gives a discount of 15%. If he gives a discount of 20%, he earns Rs. 51 less as profit. What is the original marked price of the router?

    • Options
    • A. Rs. 1000
    • B. Rs. 1020
    • C. Rs. 1040
    • D. Rs. 980
    • Discuss
    • 2. A supplier supplies cartridges to a news paper publishing house. He earns a profit of 25% by selling cartridges for Rs. 1540. Find the cost price of the Cartridges ?

    • Options
    • A. Rs. 1100
    • B. Rs. 1793.4
    • C. Rs. 1440
    • D. Rs. 1232
    • Discuss
    • 3. Every year before the festive season, a brand store increases the price of the product by 42% and then introduce two successive discount of 10% and 11% respectively. What is percentage loss and percentage gain ?

    • Options
    • A. 3.25% loss
    • B. 13.742% loss
    • C. 3.25% gain
    • D. 13.742% gain
    • Discuss
    • 4. The marked price of an article is increased by 25% and the selling price is increased by 16.66%, then the amount of profit doubles. If the original marked price be Rs. 400 which is greater than the corresponding cost price by 33.33%, what is the increased selling price?

    • Options
    • A. Rs. 380
    • B. Rs. 420
    • C. Rs. 460
    • D. Rs. 440
    • Discuss
    • 5. The market price of an article was 40% more than its cost price. Rana was going to sell it at market price to a customer, but he showed Rana some defects in the article, due to which Rana gave him a discount of 28.57%. Next day he came again and showed Rana some more defects, hence he gave him another discount that was equal to 12.5% of the cost price. What was the approximate profit/loss to Rana ?

    • Options
    • A. Loss of 12.5%
    • B. Profit of 12.5%
    • C. Loss of 24.5%
    • D. Profit of 22.5%
    • Discuss
    • 6. Rishi bought 30 kg of sugar at the rate of Rs. 9 per kg and 45 kg of sugar at the rate of Rs. 10 per kg. He mixed both type of sugar and sold the mixture at the rate of Rs. 9.75 per kg. What was his gain or loss in the selling of whole sugar?

    • Options
    • A. Rs. 10.75
    • B. Rs. 11.25
    • C. Rs. 12
    • D. Rs. 13.50
    • Discuss
    • 7. The cost price of 40 Magazines is the same as the selling price of 'P' articles. If the profit is 25%, then the value of 'P' is:

    • Options
    • A. 32
    • B. 40
    • C. 16
    • D. 30
    • Discuss
    • 8. A wholesale dealer allows a discount of 20 % on the marked price to the retailer. The retailer sells at 5% below the marked price. If the customer pays Rs.19 for an article, what profit is made by the retailer on it ?

    • Options
    • A. Rs. 4
    • B. Rs. 3
    • C. Rs. 5
    • D. Rs. 1
    • Discuss
    • 9. A shopkeeper sells two articles at Rs.1000 each, making a profit of 30% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes ?

    • Options
    • A. 0.85 %
    • B. 0.95 %
    • C. 1.0 %
    • D. 1.3 %
    • Discuss
    • 10. Watson bought a book for Rs. 240 and sold to Johny at a profit of 50%. Johny wants to sell this book to Shekar so that he earns a profit of 25%. But Shekar is adamant at buying this book at a discount of 10%. What marked price should Johny quote to Shekar so as to achieve desired profit ?

    • Options
    • A. Rs. 450
    • B. Rs. 360
    • C. Rs. 415
    • D. Rs. 500
    • Discuss


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