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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
- 8
ExplanationSP = 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% - 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
Profit and Loss problems
Search Results
Correct Answer: Rs. 275
Explanation:
Let the CP be Rs. x , then SP be 0.96x
? 0.96x = 240
? x = 250
Now the new SP = 250 X 1.1 = 275
Correct Answer: 50 %
Explanation:
From question CP/SP = 12/18 = 2/3
? Profit (%) = ( 3 - 2 ) / 2 x 100 = 50%
2nd Solution:
CP = 100/18 = 5.55 paisa
SP = 100/12 = 8.33 paisa
? Profit = (8.33-5.55)/5.55 x 100 = 50 %
Correct Answer: 105
Explanation:
Each dozen carries cost 75 rupees and are sold for
12 x 15 = 180 rupees
profit = SP-CP
profit = 180-75 = 105 rupees
Correct Answer: 300
Explanation:
Cost of 15 eggs = 75 rupees
Cost of 1 egg = 75/15 = 5 rupees,
Cost of 5 dozens, i.e. 5 x 12 = 60 x 5 = 300
Correct Answer: 36
Explanation:
Let the total number of camels be x.
Then, acording to the question,
x/4 + 2?x + 15 = x
? x - x/4 - 2 ?x = 15
? 3x - 8?x - 60 = 0
? ?x = [8 ± ?64 + 720] / 6
= (8 ± 28) / 6
? x = 36
Correct Answer: Rs. 1200
Explanation:
6% of cost price (CP) = 1425 - 1353 = 72
? CP = ( 72 x 100 ) / 6 = 1200
Correct Answer: None of the above
Explanation:
The cost price ( CP ) of profitable cow = 9900 / 1.1 = 9000
and profit = Rs. 900
The CP of loss yielding cow = 9900 / 0.8 =12375
and loss = Rs. 2475
So the net loss = 2475 - 900 = 1575
Correct Answer: Rs. 171
Explanation:
Selling price after 10 % loss = 200 - 10% = 180
Selling price after additional 5% loss = 180 - 5% = 171
Correct Answer: 5
Explanation:
You can go through options.
CP = 100 / 6 = 16.66 paisa
SP = 100 / 5 = 20 paisa
Profit (%) = [( 20 - 16.66 ) / 16.66 ] X 100
= [ 3.33 /16.66 ] X 100
= ( 1 / 5 ) X 100 = 20%
Hence, option (c) is correct.
Alternatively:
CP = 100 / 6
SP = ( 100 / 6 ) X 1.2 = 100 / 5
Hence, he should sell 5 toffees for Re. 1 (100 paisa)
Correct Answer: 2.5% gain
Explanation:
Gain = 10% of 3,00,000 = 30000
Loss = 20% of 1,00,000 = 20000
Net gain = 10000 over Rs.4 lakh
Hence, profit = 10000/400000 x 100 = 2.5%
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