Profit and Loss problems
- 1. ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. what is the loss incurred by ITC?
Options- A. 1 %
- B. 2 %
- C. 4 %
- D. 0 % Discuss
Correct Answer: 4 %
Explanation:
Loss % = ( common gain or loss / 10 )2 %
= (20 / 10)2 %
= 4%
- 2. ITC sells one product at a profit of 20% another at a loss of 20% at the same selling price. , If SP of each article be Rs. 200, what is the amount of loss?
Options- A. Rs. 10
- B. Rs. 16
- C. Rs. 16.66
- D. none of these Discuss
Correct Answer: Rs. 16.66
Explanation:
Loss % = ( common gain or loss / 10 )2 %
= (20 / 10)2 %
= 4%
Now assume total CP of both articles be x, then SP = 0.96x = 400
x = 400 / 0.96 = CP
loss = 4% of CP
= (4 / 100) X (400 / 0.96) = Rs. 16.66
- 3. A wholesaler sells toys at a profit of 20% to a retailer and retailer sells these toys to its customer at a profit of 25%. What is the profit percentage of the retailer?
Options- A. 5%
- B. 80%
- C. 20%
- D. 25% Discuss
Correct Answer: 25%
Explanation:
Its simple i.e. 25% nothing else, which is very obvious
- 4. At kul - kul petrol pump the operator gives 5% less petrol but he sells it at the cost price.What is his profit in this way?
Options- A. 5%
- B. 5.6%
- C. 5.26%
- D. 4.78% Discuss
Correct Answer: 5.26%
Explanation:
He sells 95 litre petrol at the price of 100 litre.
So profit % = [ 5 / 95 ] X 100 = 5.26%
- 5. Abhinav save Rs. 25 by getting 6.66% discount on a textbook.What is the amount of money (in Rs.) paid by him?
Options- A. 450
- B. 350
- C. 225
- D. 375 Discuss
Correct Answer: 350
Explanation:
6.66% of MP = 25
? MP = 375
? SP = MP - 25 = 350
- 6. Abhishek and Bhanu both are dealers of KML scooters.The price of a KML Scooter is Rs. 28,000.Abhishek gives a discount of 10% on whole, while Bhanu gives a discount of 12% on the first Rs 20,000 and 8% on the rest Rs. 8000. What is the difference between their selling price?
Options- A. Rs.240
- B. Rs.420
- C. Rs.640
- D. none of these Discuss
Correct Answer: Rs.240
Explanation:
Abhishek Discount = 2800
Bhanu Discount =2400+640=3040
The difference in selling price is same as difference in discount = 3040 - 2800 = Rs.240
- 7. A trader sells two articles, one at a loss of 10% and another at a profit of 15% but finally there is no loss or gain.If the total sale price of these two articles is Rs.30,000, find the difference between there cost price :
Options- A. Rs.5000
- B. Rs.6000
- C. Rs.7500
- D. none of these Discuss
Correct Answer: Rs.6000
Explanation:
From the question
10 % x = 15% of y ...(i)
x+y = 30000 ...(ii)
from eq. (i)
x / y = 3/2 ...(iii)
by solving eq. (ii) & (iii)
x = 18000, y = 12000
Hence, the difference =6000
- 8. A milkman purchase the milk at Rs. x per litre and sells it at Rs. 2x per litre still he mixes 2 litres water with every 6 litres of pure milk. What is the profit percentage?
Options- A. 116%
- B. 166.66%
- C. 60%
- D. 100% Also asked in: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO
Correct Answer: 166.66%
Explanation:
Let the cost price of 1 litre pure milk be Rs. 1, then
for 6 litres (milk) CP = Rs. 6
for 2 litres (Water) CP = Rs. 0
and for 8 litres mixture SP = 8 x 2 = Rs.16
Profit = [(16-6) / 6] x 100 = 1000 / 6 = 166.66 %
- 9. What is percentage profit in selling an article at a discount of 20% which was earlier being sold at a 40% profit?
Options- A. 20%
- B. 14%
- C. 28%
- D. 12% Discuss
Correct Answer: 12%
Explanation:
Initially :
CP =100
SP = 140 (Since profit = 40 %)
New price :
CP =100
SP = 140 - 20% = 112
MP = 140
Profit % = [(112 - 100 )/100] = 12 %
- 10. The ratio of cost price and marked price of an article is 2:3 and ratio of percentage profit and percentage discount is 3 : 2 what is the discount percentage?
Options- A. 16.66 %
- B. 20 %
- C. 25 %
- D. 33.33 % Discuss
Correct Answer: 16.66 %
Explanation:
CP : MP = 2y : 3y
profit = y
(%) profit : (%) discount =3 : 2
Let CP=200, SP=300
So [ (3y / 100) x 200 ] + [(2y/100) x 300] = 100
y= 8.33 %
Discount 2y = 16.66 %
More in Aptitude:
Programming
Copyright ©CuriousTab. All rights reserved.