Profit and Loss

Profit and Loss

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Aptitude miscellaneous
  1. Toffees are bought at the rate of 8 for a rupee. To gain 60% they must be sold at ?








  1. View Hint View Answer Discuss in Forum

    Suppose he buys 8 toffees
    Then, C.P. = Re. 1
    Gain = 60%
    ∴ S.P. = Rs. (160 / 100 x 1) = Rs. 8 / 5
    For Rs. 8 / 5, toffees sold = 8
    For Re. 1 toffees sold = (8 x 5) / 8 = 5
    So, he must sell them at 5 for a rupee

    Correct Option: B

    Suppose he buys 8 toffees
    Then, C.P. = Re. 1
    Gain = 60%
    ∴ S.P. = Rs. (160 / 100 x 1) = Rs. 8 / 5
    For Rs. 8 / 5, toffees sold = 8
    For Re. 1 toffees sold = (8 x 5) / 8 = 5
    So, he must sell them at 5 for a rupee

  1. Jimmy bought paper sheets for Rs. 7200 and spent Rs. 200 on transport paying Rs. 600 he had 330 boxes made, which he sold at Rs. 28 each. What is his profit percentage ?








  1. View Hint View Answer Discuss in Forum

    C.P. of 330 boxes = Rs. (7200 + 200 + 600) = Rs.8000
    S.P. of 330 boxes = Rs. (330 x 28) = Rs. 9240

    Correct Option: A

    C.P. of 330 boxes = Rs. (7200 + 200 + 600) = Rs.8000
    S.P. of 330 boxes = Rs. (330 x 28) = Rs. 9240
    ∴ Gain % = (1240 / 8000) x 100 % = 15.5%

  1. When the price of a toy was increased by 20%, the number of toys sold was decreased by 15%. What was the effect on the sales of the shop ?








  1. View Hint View Answer Discuss in Forum

    Let original of each toy be Rs. 100 and number originally sold be 100.
    ∴ originaly sale proceeds = Rs. (100 x 100) = Rs. 10000

    New sale proceeds = Rs. (120 x 85) = Rs. 10200
    ∴ Increase% = (200 x 100 / 10000)% = 2%

    Correct Option: C

    Let original of each toy be Rs. 100 and number originally sold be 100.
    ∴ originaly sale proceeds = Rs. (100 x 100) = Rs. 10000

    New sale proceeds = Rs. (120 x 85) = Rs. 10200
    ∴ Increase% = (200 x 100 / 10000)% = 2%

  1. A dealer professing to sell at cost price uses a 900 gms weight for a kilogram. His gain percent is ?








  1. View Hint View Answer Discuss in Forum

    Gain% = {Error / (True value) - Error x 100}%
    = (100 / 900 x 100)% = 111/9%

    Correct Option: D

    Gain% = {Error / (True value - Error)} x 100 %
    = (100/900) x 100) %
    = 111/9%

  1. A dealer sold two T.V. sets for Rs. 3700 each. on one he gained 10% and one other he lost 10%. The dealer's loss or gain per cent is ?








  1. View Hint View Answer Discuss in Forum

    Loss% = (Common gain or loss% / 10)2

    Correct Option: D

    Loss% = (Common gain or loss% / 10)2
    = (10 / 10)2 = 1%