profit-and-loss aptitude question and answers -Page 56

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Profit and Loss problems

1. Mr. Kapur purchased two toy cycles for Rs 750 each. He sold these cycles, gaining 6% on one and losing 4% on the other. The gain or loss percent in the whole transaction is
Options
A. 1% loss
B. 1% gain
C. 1.5% loss
D. 1.5 gain

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2. A man bought 500 metres of electronic wire at 50 paise per metre. He sold 50% of it at a profit of 5%. At what percent should he sell the remainder so as to gain 10% on the whole transaction?
Options
A. 13%
B. 12.5%
C. 15%
D. 20%

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3. A used two-wheeler dealer sells a scooter for Rs 46,000 and makes some loss. If he had sold it for Rs 58,000 his profit would have been double his loss. What was the cost price (in Rs) of the scooter?
Options
A. 52000
B. 54000
C. 48000
D. 50000

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4. A dishonest milkman buys milk at Rs 24 per litre and adds 1/3 of water to it and sells the mixture at Rs 32 per litre. What is his gain?
Options
A. 33.33 percent
B. 50 Percent
C. 77.78 percent
D. 66.67 percent

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5. A used car dealer sells a car for Rs 7.6 lakhs and makes some loss. If he had sold it for Rs 9.2 lakhs his profit would have been thrice his loss. What was the cost price of the car (in Rs lakhs)?
Options
A. 8.5
B. 8.75
C. 8.25
D. 8

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6. A trader had 12 quintals of wheat. He sold a part of it at 13% profit and the rest at 23% profit, so that he made a total profit of 17 %. How much wheat did he sell at 23% profit?
Options
A. 720 kg
B. 240 kg
C. 480 kg
D. 960 kg

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7. When a discount of 20% is given on a lunch buffet, the profit is 42%. If the discount is 15%, then the profit is
Options
A. 57 percent
B. 50.875 percent
C. 63.125 percent
D. 44.75 percent

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8. Profit of Rs 104000 has to be divided among three partners Ashok, Bimla and Chirag in the ratio 6:4:3. How much does Chirag get?
Options
A. 24000
B. 32000
C. 48000
D. 12000

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9. Deepak found that he had made a loss of 10% while selling his smartphone. He also found that had he sold it for ` 50more, he would have made a profit of 5%. The initial loss was what percentage of the profit earned, had he sold the smartphone for a 5% profit ?
Options
A. 100%
B. 200%
C. 75%
D. 85%

10. Raghu bought an article for Rs. 14,360 and spent Rs. 240 on its transportation. At what amount he has to sell it to get a profit of 15%? (in Rs.)
Options
A. ? 16,000
B. ? 16,790
C. ? 16,150
D. ? 16.500

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