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Home Aptitude Profit and Loss Comments

  • Question
  • By selling 12 apples for a rupee, a man loses 20%. How many for a rupee should he sell to gain 20%


  • Options
  • A. 8
  • B. 10
  • C. 15
  • D. 16

  • Correct Answer


  • Explanation

    SP = 100/12 paise
    Let's CP = x
    SP = 0.8x = 100/12
    ? x = 10/(0.8x12) paise
    Therefore, CP = 100/9.6 paise

    Thus the new SP (with 20% profit) = 100/9.6 X 1.2 = 100/8 paise
    Hence, 8 apples can be purchased for Rs.1 to gain 20%


  • Profit and Loss problems


    Search Results


    • 1. 
      On selling an article for Rs. 240, a trader loses 4%. In order to gain 10 % he must sell that article for

    • Options
    • A. Rs. 275
    • B. Rs. 340
    • C. Rs. 320
    • D. Rs. 264
    • Discuss
    • 2. 
      A man bought 18 oranges for a rupee and sold them at 12 oranges for a rupee. what is the profit percentage?

    • Options
    • A. 33.33 %
    • B. 50 %
    • C. 66.66 %
    • D. None of these
    • Discuss
    • 3. 
      A stationer buys diaries at 75 rupees per dozen and sells them at 15 rupees per piece. What is the profit?

    • Options
    • A. 75
    • B. 100
    • C. 105
    • D. 110
    • Discuss
    • 4. 
      If cost of 15 eggs be 75 rupees, then find out the cost of 5 dozen eggs.

    • Options
    • A. 300
    • B. 400
    • C. 500
    • D. 600
    • Discuss
    • 5. 
      One-fourth of a herd of camels was seen in the forest. Twice the square root of the herd had gone to mountains and the remaining 15 camels were seen on the bank of a river. Find the total number of camels.

    • Options
    • A. 32
    • B. 34
    • C. 35
    • D. 36
    • Discuss
    • 6. 
      6 % more is gained by selling a coat for Rs.1425 than by selling it for Rs. 1353. The cost price of the coat is?

    • Options
    • A. Rs. 1000
    • B. Rs. 1250
    • C. Rs. 1500
    • D. Rs. 1200
    • Discuss
    • 7. 
      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
    • 8. 
      An item costing Rs. 200 is being sold at 10% loss. If the price is further reduces by 5%, the selling price will be?

    • Options
    • A. Rs. 170
    • B. Rs. 171
    • C. Rs. 180
    • D. Rs. 181
    • Discuss
    • 9. 
      Arun bought toffees at 6 for a rupee. How many for a rupee he should sell to gain 20%?

    • Options
    • A. 3
    • B. 4
    • C. 5
    • D. can't be determined
    • Discuss
    • 10. 
      Mr.Mittal purchased a car for Rs. 3,00,000 and a bike for his son for Rs. 1,00,000. He sold the car at a profit of 10% and bike at a loss of 20%. What is the net gain or loss?

    • Options
    • A. 2% gain
    • B. 1.5% loss
    • C. 2.5% loss
    • D. 2.5% gain
    • Discuss


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