Profit and Loss Difficult Questions and Answers

Tika Chand has a weighing balance in which there is a technical fault. The right pan of his balance measure always 200 g more than its left pan.Tika Chand as usual misutilise this balance in his business. While purchasing the articles he puts goods in the left pan and weight in the right pan while selling he reverse the order i.e., goods in the right pan and weight in the left pan. He use only 2 kg weight for the measurement and to measure 2n kg weight he measures n times by 2-2 kg but he sells goods at cost price. What is his profit percentage?

Let the CP and SP of 1g = Re. 1, then
He spends Rs. 2000 and purchase 2200 g
and he charges Rs. 2000 and sells 1800 g

Profit (%) = [goods left / goods sold ] x 100

Correct Option: B

Let the CP and SP of 1g = Re. 1, then
He spends Rs. 2000 and purchase 2200 g
and he charges Rs. 2000 and sells 1800 g

Profit (%) = [goods left / goods sold ] x 100
= [ 400 / 1800 ] x 100
= 22 2/9 %

BSNL charges a fixed rental of Rs. 350/month. It allows 200 calls free per month. Each call is charged at Rs.1.4 when the number of calls exceeds 200/month and it charges Rs.1.6 when the number of calls exceeds 400/month and so on. A customer made 150 calls in February and 250 calls in March. By how much percent the each call is cheaper in March then each call is February?

Charges of 1 call in February = 350 / 150 = 7/3
Charges of 1 call in March = [350 + ( 50 x 1.4) ] / 250
= 420 / 250
= 42 / 25

Correct Option: A

Charges of 1 call in February = 350 / 150 = 7/3
Charges of 1 call in March = [350 + ( 50 x 1.4) ] / 250
= 420 / 250
= 42 / 25

% Cheapness of a call in march = [(7/3 - 42/25) / 7/3] x 100
= 28%

The cost of setting up a magazine is Rs. 2800. The cost of paper and ink etc is Rs. 80 per 100 copies and printing cost is Rs.160 per 100 copies. In the last month 2000 copies were printed but only 1500 copies could be sold at Rs. 5 each. Total 25% profit on the sale price was realized. There is one more resource of income from the magazine which is advertising. What some of money was obtained from the advertising in magazine?

Setup cost = Rs. 2800
Paper etc. = Rs. 1600
Printing cost = Rs. 3200
Total cost = Rs. 7600
Total sale price = 1500 x 5 = 7500

Let the amount obtained from advertising is "A" then
(7500 - A) - (7600) = 25% of 7500

Correct Option: D

A car mechanic purchased four old cars for Rs. 1 lakh. He spent total 2 lakh in the maintenance and repairing of these four cars. What is the average sale price of the rest three cars to get 50% total profit if he has already sold one of the four cars at Rs. 1.2 lakh?

Total cost of 4 cars = 1 + 2 = 3 lakh
Total SP of 4 cars = 3 x 1.5 = 4.5 lakh
SP of first cars = 1.2 lakh
SP of rest 3 cars = 4.5 - 1.2 = 3.3 lakh

Correct Option: B

Total cost of 4 cars = 1 + 2 = 3 lakh
Total SP of 4 cars = 3 x 1.5 = 4.5 lakh
SP of first cars = 1.2 lakh
SP of rest 3 cars = 4.5 - 1.2 = 3.3 lakh
Average SP of all the 3 cars = 1.1 lakh

Cost price of 12 oranges is equal to the selling price of 9 oranges and the discount on 10 oranges is equal to the profit on 5 oranges. What is the percentage point difference between the profit percentage and discount percentage?

Ratio of selling price and Cost Price,
SP:CP = 12:9 =4:3

Profit of 3 oranges = Re 1 (Let CP = Re 1)
Profit = 1/3 = 33.33%

and, Discount = 11.11%
Since, CP : SP : MP = 3:4:4.5
Profit doubles that of discount.
So, % point discount = 33.33%-11.11% = 22.22% point.

Profit and Loss

Profit and Loss

Aptitude

Correct Option: B

Correct Option: A

Correct Option: D

Correct Option: B

Correct Option: B