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Home Aptitude Profit and Loss Comments

  • Question
  • By selling an umbrella for ? 30, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% of the marked price. His gain percentage during the sale season is


  • Options
  • A. 7
  • B. 7.5
  • C. 8
  • D. 9

  • Correct Answer


  • Explanation

    Given, selling price of an umbrella = ? 30
    Profit percentage = 20%
    ? Cost price of an umbrella = (30 x 100)/120 = ? 25
    During the clearance sale, selling price of an umbrella = (30 x 90)/100 = ? 27
    ? Required profit percentage = [(27 - 25)/25] x 100% = 8%


  • Profit and Loss problems


    Search Results


    • 1. 
      A man sold an article at loss of 20%. If he sells the article for ? 12 more, he would have gained 10%. The cost of price of the article is?

    • Options
    • A. ? 60
    • B. ? 40
    • C. ? 30
    • D. ? 22
    • Discuss
    • 2. 
      A sold a watch to B at 40% gain and B sold it to C at a loss of 20%. if C bought the watch for ? 432, at what price did A purchase it?

    • Options
    • A. ? 385.71
    • B. ? 216
    • C. ? 250
    • D. ? 550
    • Discuss
    • 3. 
      A man sold two houses for ? 96000 each. In the sale of the first house, he incurred 20% profit and in the sale of the second, he incurred 20% loss. what is the gain or loss percentage in total?

    • Options
    • A. 6% gain
    • B. 6% loss
    • C. 4% gain
    • D. 4% loss
    • Discuss
    • 4. 
      If an article is sold at a gain of 6% instead of at loss of 6%, then the seller gets ? 6 more. The cost price of the article is

    • Options
    • A. ? 106
    • B. ? 50
    • C. ? 94
    • D. ? 100
    • Discuss
    • 5. 
      A furniture seller sells two tables ? 1500 each. He earned a profit of 20% on one table and suffered a loss of 20% on the another table. Net profit or loss in this deal is

    • Options
    • A. 4% loss
    • B. 4% profit
    • C. Neither profit nor loss
    • D. 10% loss
    • Discuss
    • 6. 
      On selling an article at ? 530, the gain is 20% more than the loss incurred on selling it at ? 475. In order to gain 20% the selling price will be

    • Options
    • A. ? 900
    • B. ? 600
    • C. ? 700
    • D. ? 500
    • Discuss
    • 7. 
      A dealer bought 80 cricket bats for ? 50 each. He sells 20 of them at a gain of 5%. What must be the gain percentage of the remaining bats, so as to get 10% gain on the whole?

    • Options
    • A. 32/11%
    • B. 121/2%
    • C. 112/3%
    • D. ? 3350
    • Discuss
    • 8. 
      The price of a land passing through three hands, rises on the whole by 65%. If the first and second sellers earned 20% and 25% profit, respectively. Find the profit earned by the third seller?

    • Options
    • A. 20%
    • B. 55%
    • C. 10%
    • D. 25%
    • Discuss
    • 9. 
      A person sold a watch at a profit of 10%. If he had sold it for ? 2000 more, he would have gained 20%. Find the CP of watch?

    • Options
    • A. ? 15000
    • B. ? 10000
    • C. ? 20000
    • D. ? 25000
    • Discuss
    • 10. 
      A man sold two watches, each for ? 495. If he gained 10% on one watch and suffered a loss of 10% on the other, then what is the loss of gain percentage in the transaction?

    • Options
    • A. 1 % gain
    • B. 1% loss
    • C. 100/99% loss
    • D. Neither gain nor loss
    • Discuss


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