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Home Aptitude Profit and Loss Comments

  • Question
  • 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

  • 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%


  • Profit and Loss problems


    Search Results


    • 1. 
      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
    • 2. 
      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
    • 3. 
      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
    • 4. 
      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
    • 5. 
      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
    • Discuss
    • 6. 
      A single discount equivalent to three successive discounts of 5% , 10% , 20% is :

    • Options
    • A. 68.4 %
    • B. 35 %
    • C. 31.6 %
    • D. 32 %
    • Discuss
    • 7. 
      An item was sold after giving two successive discount of 20% and 10% respectively. If the item was sold for Rs. 468. The marked price of that item is :

    • Options
    • A. 600
    • B. 500
    • C. 575
    • D. 650
    • Discuss
    • 8. 
      The profit percentage on the three articles A , B and C is 10%,20% and 25% and the ratio of the cost price is 1 : 2 : 4 . Also the ratio of number of articles sold of A , B and C is 2 : 5 : 2 then the overall profit percentage is :

    • Options
    • A. 18.5 %
    • B. 21 %
    • C. 75 %
    • D. none of these
    • Discuss
    • 9. 
      A shopkeeper sold 12 cameras at a profit of 20% and 8 cameras at a profit of 10%. If he had sold all the 20 cameras at a profit of 15% , then his profit would have been reduced by Rs. 36. what is the cost price of each camera?

    • Options
    • A. 100
    • B. 150
    • C. 180
    • D. 220
    • Discuss
    • 10. 
      The CP of 19 articles is same as the selling price of 29 articles. what is the loss %?

    • Options
    • A. 35 %
    • B. 34.48 %
    • C. 52.63 %
    • D. none of these
    • Discuss


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