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Home Aptitude Profit and Loss See What Others Are Saying!
  • 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%


  • More questions

    • 1. 
      How long will a sum of money invested at 5% per annum SI take to increase its value by 50%

    • Options
    • A. 10 yr
    • B. 12 yr
    • C. 15 yr
    • D. 7 yr
    • Discuss
    • 2. 
      The radius of a circle is so increased that its circumference increased by 5%. The area of the circle, then increases by

    • Options
    • A. 12.5%
    • B. 10.25%
    • C. 10.5 %
    • D. 11.25%
    • Discuss
    • 3. 
      In a class, there are 80 students and their average marks in the annual examination are 40. If the average marks of passed students are 60 and average marks of failed students are 35, then find out the number of students who failed.

    • Options
    • A. 63
    • B. 60
    • C. 72
    • D. 64
    • Discuss
    • 4. 
      2 men or 5 women or 7 boys can finish a work in 469 days, then the number of days taken by 7 men, 5 women and 2 boys to finish the work is :

    • Options
    • A. 134
    • B. 106
    • C. 100
    • D. 98
    • Discuss
    • 5. 
      If the unit digit in the product 75? x 49 x 867 x 943 be 1, then the value of? is

    • Options
    • A. 1
    • B. 3
    • C. 7
    • D. 9
    • Discuss
    • 6. 
      [(272 - 32) (124 + 176)] / (17 x 15 - 15) =?

    • Options
    • A. 0
    • B. 2.25
    • C. 300
    • D. None of these
    • Discuss
    • 7. 
      The average of 8, 9, 12, 13, 15, 9 is

    • Options
    • A. 11
    • B. 6
    • C. 16
    • D. 18
    • Discuss
    • 8. 
      A train 110 metres in length travels at 60 km/hr.In what time will it pass a man which is walking against the train at 6 km an hour?

    • Options
    • A. 71/3 seconds
    • B. 6 seconds
    • C. 62/3 seconds
    • D. Data inadequate
    • Discuss
    • 9. 
      Four metal rods of lengths 78 cm, 104 cm, 117 cm and 169 cm are to be cut into parts of equal length. Each part must be as long as possible. What is the maximum number of pieces that can be cut?

    • Options
    • A. 27
    • B. 36
    • C. 43
    • D. 480
    • Discuss
    • 10. 
      A train travelling at 30 km an hour took 13 1/ 2 sec in passing a certain point. Find the length of the train?

    • Options
    • A. 113 metres
    • B. 112 metres
    • C. 112.5 metres
    • D. None of these
    • Discuss


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