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Home ‣ Aptitude ‣ Profit and Loss Comments
  • Question

  • In a certain Business, the profit is 220% 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. 61%
  • B. 75%
  • C. 55%
  • D. 81%

  • Correct Answer
  • 61% 

    Explanation

    Let C.P.= Rs. 100.

    Then, Profit = Rs.220, 

    S.P. = Rs.320.

     

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

    New S.P. = Rs.320.

    Profit = Rs. (320 - 125) = Rs. 195

     

    Required percentage =  195 320 × 100 == 60.9 =~ 61%

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

    Profit and Loss problems

    Search Results

    • 1. A trader had 22 quintals of wheat. He sold a part of it at 23% profit and the rest at 33% profit, so that he made a total profit of 27%. How much wheat did he sell at 33% profit?

    • Options
    • A. 1320 kg
    • B. 440 kg
    • C. 880 kg
    • D. 1760 kg
      • Discuss
    • 2. Profit obtained on selling an article for Rs 540 is equal to the loss incurred on selling the article for Rs 370. If selling price is Rs. 910, then what is the profit percentage?

    • Options
    • A. 25
    • B. 33
    • C. 50
    • D. 100
      • Discuss
    • 3. A shopkeeper allows 25% discount on the marked price of an article and he suffered a loss of 15%. What will be the profit percent if the article is sold at marked price?

    • Options
    • A. 11.76
    • B. 12.12
    • C. 13.33
    • D. 14.28
      • Discuss
    • 4. A rice trader buys 25 quintals of rice for Rs 1,825. 27% rice is lost in transportation. At what rate should he sell to earn 20% profit?

    • Options
    • A. Rs 44.4 per quintal
    • B. Rs 120 per quintal
    • C. Rs 87.6 per quintal
    • D. Rs 115.8 per quintal
      • Discuss
    • 5. There are two shopkeepers, first shopkeeper calculates his profit percent on the selling price whereas the second shopkeeper calculates his profit percent on the cost price. If the selling price for both the shopkeeper is same and the difference between their profits is Rs.175. Then, calculate the sum of the cost price for both the shopkeeper if the profit percent for the both shopkeeper is 25%?

    • Options
    • A. Rs 5425
    • B. Rs 4875
    • C. Rs 4675
    • D. Rs 5275
      • Discuss
    • 6. A shopkeeper sells two articles at Rs.1000 each, making a profit of 20% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes?

    • Options
    • A. 2%
    • B. 4%
    • C. 3%
    • D. 2.5%
      • Discuss
    • 7. A man sell 35 waffers for Rs. 15 each and loses Rs. 40.4. If he sells 35 waffers for Rs. 18, how much does he loss or gain ?

    • Options
    • A. Rs. 64
    • B. Rs. 52
    • C. Rs. 72
    • D. Rs. 55
      • Discuss
    • 8. A certain sum of money is invested for one year at a certain rate of simple interest. If the rate of interest is 3% higher, then the invest earned will be 25% more than the interest earned earlier. What is the earlier rate of interest ?

    • Options
    • A. 4% p.a.
    • B. 6% p.a.
    • C. 8% p.a.
    • D. 12% p.a.
      • Discuss
    • 9. The price of an article has been reduced by 35%. In order to restore the original price the new price must be increased by ?

    • Options
    • A. 51.8 %
    • B. 49.25 %
    • C. 47.2 %
    • D. 53.84 %
      • Discuss
    • 10. Mr. Kiran sold a bus for Rs. 18700 at a loss of 15%. At what price should the bus be sold to get a profit of 15%?

    • Options
    • A. Rs. 25523
    • B. Rs. 25522
    • C. Rs. 25300
    • D. Rs. 25521
      • Discuss

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