Profit and Loss

Profit and Loss

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Aptitude miscellaneous
  1. A property dealer sells a house for Rs. 630000 and in the bargain makes a profit of 5% . Had he sold it for Rs. 500000, then what percentage of loss or gain he would have made ?








  1. View Hint View Answer Discuss in Forum

    SP = Rs. 63000, Profit = 5%
    ∴ CP =Rs. (100/105) x 63000 = Rs. 600000

    Correct Option: D

    SP = Rs. 63000, Profit = 5%
    ∴ CP =Rs. (100/105) x 63000 = Rs. 600000

    If SP would have been Rs. 500000, then there would have been a loss of 162/3% .

  1. If a person makes a profit of 10% on 1/4 th of the quantity sold and a loss of 20% on the rest, then what is his average percent profit or loss ?








  1. View Hint View Answer Discuss in Forum

    Suppose CP = Rs. 100
    ∴ Gain on Rs. 25 = Rs. 2.50
    ⇒ SP = Rs. 27.50

    Loss on Rs. 75 = Rs. 15
    ⇒ SP = Rs. 60

    Correct Option: D

    Suppose CP = Rs. 100
    ∴ Gain on Rs. 25 = Rs. 2.50
    ⇒ SP = Rs. 27.50

    Loss on Rs. 75 = Rs. 15
    ⇒ SP = Rs. 60

    ∴ Total SP = 60 + 27.50 = Rs. 87.50
    ⇒ Loss = Rs. 12.50 i.e. 12.5% loss.

  1. A man sells 16 mangoes at a cost price of 20 mangoes, then percentage of his gain is ?








  1. View Hint View Answer Discuss in Forum

    Let the cost price of 20 mangoes = Rs. N
    CP of 1 mango = Rs. N/20
    SP of 1 mango = Rs. N/16
    Gain = SP - CP = N/16 - N/20 = Rs. N/80

    Correct Option: C

    Let the cost price of 20 mangoes = Rs. N
    CP of 1 mango = Rs. N/20
    SP of 1 mango = Rs. N/16
    Gain = SP - CP = N/16 - N/20 = Rs. N/80
    Gain percentage = {(N/80) / (N/20)} x 100 % = 25%

  1. If the cost price of 12 pencils is equal to sale price of 10 pencils, then find the gain or loss as a percentage of the sell price ?








  1. View Hint View Answer Discuss in Forum

    CP of 12 pencils = Rs. 12
    ∴ SP of 10 pencils = Rs.12
    ⇒ SP of 12 Pencils = (12/10) x 12 = Rs.14.40

    Correct Option: A

    CP of 12 pencils = Rs. 12
    ∴ SP of 10 pencils = Rs.12
    ⇒ SP of 12 Pencils = (12/10) x 12 = Rs.14.40
    ∴ Gain per cent = {(14.40 - 12)/12} x 100 = 20%

  1. Ram bought 800 eggs at Rs. 3.75 each per dozen. He sold 450 of them at 2 for Rs. 1 and remaining at 5 for Rs. 2. His gain % is ?








  1. View Hint View Answer Discuss in Forum

    Total CP = (3.75/12) x 800 = (375/1200) x 800 = Rs. 250
    Total SP = (1/2) x 450 + (2/5) x 350 = 225 + 140 = Rs. 365

    Correct Option: B

    Total CP = (3.75/12) x 800 = (375/1200) x 800 = Rs. 250
    Total SP = (1/2) x 450 + (2/5) x 350 = 225 + 140 = Rs. 365
    Gain = 365 - 250 = Rs. 115
    Gain percentage = (115/250) x 100% = 46%