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Home Aptitude Profit and Loss Comments

  • Question
  • A dishonest shopkeeper professes to sell his groceries at his cost price but uses a false weight of 900 grams for each kilogram. Find his gain percentage.


  • Options
  • A. 91/9 %
  • B. 100/9%
  • C. 100/11 %
  • D. 95/9%

  • Correct Answer
  • 100/9% 

    Explanation

    Shopkeeper sells at CP using weight of 900 gm instead of1 kg

    So, 1000gm ?900 gm = 100gm

    ?100/900 X 100

    ?100/9 %

  • Tags: Bank Exams

    Profit and Loss problems


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    • 1. Marked price of an article is 1600 Rs. more than the cost price. When the same article is sold at a discount of Rs. 500 then the percent profit earned is 25%. For earning a profit of 30%, the article should be sold at what price?

    • Options
    • A. 5740
    • B. 5720
    • C. 5620
    • D. 5730
    • Discuss
    • 2. Raghu bought an article for Rs. 14,360 and spent Rs. 240 on its transportation. At what amount he has to sell it to get a profit of 15%? (in Rs.)

    • Options
    • A. ? 16,000
    • B. ? 16,790
    • C. ? 16,150
    • D. ? 16.500
    • Discuss
    • 3. Deepak found that he had made a loss of 10% while selling his smartphone. He also found that had he sold it for ` 50more, he would have made a profit of 5%. The initial loss was what percentage of the profit earned, had he sold the smartphone for a 5% profit ?

    • Options
    • A. 100%
    • B. 200%
    • C. 75%
    • D. 85%
    • Discuss
    • 4. Profit of Rs 104000 has to be divided among three partners Ashok, Bimla and Chirag in the ratio 6:4:3. How much does Chirag get?

    • Options
    • A. 24000
    • B. 32000
    • C. 48000
    • D. 12000
    • Discuss
    • 5. When a discount of 20% is given on a lunch buffet, the profit is 42%. If the discount is 15%, then the profit is

    • Options
    • A. 57 percent
    • B. 50.875 percent
    • C. 63.125 percent
    • D. 44.75 percent
    • Discuss
    • 6. A trader sold an article at profit of 20%. Had he bought that article at 60% less price and sold it at Rs 90 less, then he would have gained 50%. What is the value (in Rs) of cost price?

    • Options
    • A. 150
    • B. 200
    • C. 250
    • D. 300
    • Discuss
    • 7. Amit donated 20% of his income to a school and deposited 20% of the remainder in his bank. If he is having Rs 12800 now, then what is the income (in Rs) of Amit?

    • Options
    • A. 18000
    • B. 20000
    • C. 24000
    • D. 32000
    • Discuss
    • 8. The marked price of an article is 20% more than its cost price. If 5% discount is given on the marked price, then what is the profit percentage?

    • Options
    • A. 5
    • B. 14
    • C. 15
    • D. 25
    • Discuss
    • 9. A person bought pens at 25 for a rupee and sold at 15 for a rupee. What is his profit percentage?

    • Options
    • A. 16 2/3
    • B. 33 1/3
    • C. 40
    • D. 66.6
    • Discuss
    • 10. A shopkeeper offers 2.5% discount on cash purchases . What cash amount would Rohit pay for a cycle , the marked price of which is Rs.3600 ?

    • Options
    • A. Rs. 3490
    • B. Rs. 3500
    • C. Rs. 3510
    • D. Rs. 3520
    • Discuss


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