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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. 
      In, ?ABC, D and E are the mid-points of AB and AC respectively. Find the ratio of the areas of ?ADE and ?ABC.

    • Options
    • A. 1 2
    • B. 1 4
    • C. 3 4
    • D. 1 8
    • Discuss
    • 2. 
      22020 ÷ 0.011=?

    • Options
    • A. 20020
    • B. 2000000
    • C. 200200
    • D. 200002
    • Discuss
    • 3. 
      How many times are the hands of a clock is at right angle in a day?

    • Options
    • A. 22
    • B. 24
    • C. 44
    • D. 48
    • Discuss
    • 4. The unit digit in the product (784 x 618 x 917 x 463) is:

    • Options
    • A. 2
    • B. 3
    • C. 4
    • D. 5
    • Discuss
    • 5. If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is:

    • Options
    • A. Rs. 768
    • B. Rs. 968
    • C. Rs. 1960
    • D. Rs. 2400
    • Discuss
    • 6. 
      ?. 8x 2 + 6x = 5
      ?. 12y 2 ? 22y + 8 = 0

    • Options
    • A. 1
    • B. 2
    • C. 3
    • D. 4
    • Discuss
    • 7. 
      15, 31, 63, 127, 255, (...)?

    • Options
    • A. 513
    • B. 511
    • C. 517
    • D. 523
    • Discuss
    • 8. 
      Find the probability that a vowel selected at random from the 5 vowels is an 'i'.?

    • Options
    • A. 4/5
    • B. 1/3
    • C. 1/5
    • D. 1/2
    • Discuss
    • 9. 396, 462, 572, 427, 671, 264

    • Options
    • A. 396
    • B. 427
    • C. 671
    • D. 264
    • Discuss
    • 10. 
      If 90% of A = 30% of B and B = C% of A,then the value of C is?

    • Options
    • A. 900
    • B. 800
    • C. 600
    • D. 300
    • Discuss


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