Hello Aspirants.

Welcome to Online Quantitative Aptitude section in AffairsCloud.com. Here we are creating question sample in **Profit and loss**, which is common for all the competitive exams. We have included Some questions that are repeatedly asked in exams!!!

**Profit & Loss**

**A milkman buys two cows for Rs. 3000. He sells first cow at a profit of 22% and the second cow at a loss of 8%. What is the SP of second cow if in the whole transaction there is no profit no loss?**

1) Rs. 2312

2) Rs. 2024

3) Rs. 2484

4) Rs. 2532

5) None of these

###### Answer & Explanation

Answer –**2) Rs. 2024**

**Explanation:**

**Sum of CP’s of two cows is Rs. 39, 000. Both the cows are sold at a profit of 20% and 40% respectively with their SP’s being the same. What is the difference of CP’s of both the cows?**

1) Rs. 3,000

2) Rs. 2, 000

3) Rs. 1, 500

4) Rs. 2, 500

5) None of these

###### Answer & Explanation

Answer –**1) Rs. 3,000**

**Explanation:**

**A shopkeeper sells his gods at its CP only. But he uses 650 g weight at the place of 1000 g weight for a kg. What is his net profit percentage?**

1) 55%

2) 20 1/3%

3) 49 2/3%

4) 53 11/13%

5) None of these

###### Answer & Explanation

Answer –**4) 53 11/13%**

**Explanation:**

**A seller calculated his intended selling price at 6% profit on the cost of a product. However, owing to some mistake while selling, the units and tens digits of the selling price got interchanged. This reduced the profit by Rs. 180 and profit percentage to 2.4%. What is the cost price of the product?**

1) Rs. 4500

2) Rs. 5000

3) Rs. 4750

4) Rs. 6000

5) None of these

###### Answer & Explanation

Answer –**2) Rs. 5000**

**Explanation:**

**Jim sells a book to Carrey at a profit of 20% and Carrey sells this book to Sid at a profit of 25%. Now Sid sells this book at a loss of 10% to Simba. At what percentage loss should Simba sells this book now so that his SP becomes equal to Jim’s CP?**

1) 26.68%

2) 25.92%

3) 58.66

4) Cannot be determined

5) None of these

###### Answer & Explanation

Answer –**2) 25.92%**

**Explanation:**

**A fruit vendor professes to sell fruits at the cost price, but uses false weights. He gains 40% in this manner. What weight does he substitute for one kilogram?**

1) 745 1/3 g

2) 750 g

3) 714 2/7 g

4) 800 g

5) None of these

###### Answer & Explanation

Answer –**3) 714 2/7 g**

**Explanation:**

**A shopkeeper marks up his goods by 20% and then gives a discount of 20%. Besides he cheats both his supplier and customer by 100 g, i.e., he takes 1100 g from his supplier and sells only 900 g to his customer. What is his net proﬁt percentage? (Rounded off to two decimal points)**

1) 24.5%

2) 17.33%

3) 25%

4) 32.5%

5) None of these

###### Answer & Explanation

Answer –**2) 17.33%**

**Explanation:**

**Some mangoes are purchased at the rate of 8 mangoes/Rs and some more mangoes at the rate of 6 mangoes/Rs, investment being equal in both the cases. Now, the whole quantity is sold at the rate of 3.5 mangoes/Rs What is the net percentage proﬁt/loss?**

1) 100% proﬁt

2) 60% loss

3) 80% loss

4) no proﬁt/no loss

5) None of these

###### Answer & Explanation

Answer –**1) 100% proﬁt**

**Explanation:**

**A man would gain 25% by selling a chair for Rs. 47.5 and would gain 15% by selling a table for Rs. 57.5. He sells the chair for Rs. 45; what is the least price for which he must sell the table to avoid any loss on the two together?**

1) Rs. 41.2

2) Rs. 48.5

3) Rs. 42.5

4) Rs. 43

5) Cannot be determined

###### Answer & Explanation

Answer –**4) Rs. 43**

**Explanation:**

**A bookseller marks his books at an advance of 69% on the actual cost of producton He allows a discount of 15% and also given a copy free for every dozen sold aa time. What rate per cent proﬁt does the book seller make, if books are sold in lots of 24? (find the approximate value)**

1) 38%

2) 47%

3) 24%

4) None of these

5) Cannot be determined

###### Answer & Explanation

Answer –**1) 38%**

**Explanation:**

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