Discussion
Home ‣ Aptitude ‣ Profit and Loss Comments
- Question
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.
- Correct Answer
- 12% p.a.
ExplanationIf the interest earned is 25% more than the earlier interest then the rate of interest also should be 25% higher than the earlier rate.
Let the earlier rate of interest be x%.
Now it will be (x + 3)%
% increase = (x + 3) - x/x * 100 = 25
=> x = 12% - 1. 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
- 2. 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
- 3. 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% Discuss
- 4. 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
- 5. 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
- 6. 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
- 7. 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
- 8. Selling price of a glass is Rs 1965 and loss percentage is 25%. If selling price is Rs 3013, then what will be the profit percentage?
Options- A. 13
- B. 10.4
- C. 15
- D. 20 Discuss
- 9. The cost price of 60 articles is same as the selling price of x articles. If there is a profit of 20%, then what is the value of x?
Options- A. 15
- B. 30
- C. 50
- D. 80 Discuss
- 10. Mohit buys an old bicycle for Rs 2700 and spends Rs 500 on its repairs. If he sells the bicycle for Rs 3520, then what is his profit percentage?
Options- A. 10
- B. 12.5
- C. 15
- D. 20 Discuss
Profit and Loss problems
Search Results
Correct Answer: Rs. 64
Explanation:
Given Loss = Rs. 40.4
We know loss = cost price - selling price
40.4 = CP - 35(15)
=> CP = 40.4 + 525
=> CP = Rs. 565.4
Now the New selling price of waffer is Rs. 18
=> SP = 35(18) = 630
Now Gain = SP - CP = 630 -565.4 = Rs. 64.6.
Correct Answer: 4%
Explanation:
SP of first article = 1000
Profit = 20%
CP = = 5000/6 = 2500/3
SP of second article = 1000
Loss = 20%
CP = = 5000/4 = 1250
Total SP = 2000
Total CP = + 1250 = 6250/3
CP is more than SP, he makes a loss.
Loss = CP-SP = (6250/3)- 2000 = 250/3
Loss Percent =
= 4%
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 = == 60.9 =~ 61%
Correct Answer: 880 kg
Correct Answer: 100
Correct Answer: 53.84 %
Explanation:
100
65
-------
65 ------- 35
100 ------ ? => 53.84 %
Correct Answer: Rs. 25300
Correct Answer: 15
Correct Answer: 50
Correct Answer: 10
Comments
There are no comments.More in Aptitude:
Programming
Copyright ©CuriousTab. All rights reserved.