Hello Aspirants.

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

**A tradesman marks the price of his goods such that after allowing a discount of 25%, he earns a profit of 40%. What is the marked price of an article whose cost price is Rs.180?**

A.285

B.336

C.358

D.375

E.390Answer –**B.336**

**Explanation :**

S.P = (100+profit%)*cp /100 = 140*180/100 = 252

M.P â€“ 25% of M.P = SP

X â€“ 25/100 X = 252

X = 336**Sriram purchased 40 dozen notebooks at Rs. 50 per dozen. He sold 10 dozens of it at 15% profit and the remaining 30 dozens at 25% profit. What is his percentage profit in the whole transaction?**

A.18.8%

B.20%

C.22.5%

D.25%

E.28.5%Answer –**C.22.5%**

**Explanation :**

C.P = 4*50 = 2000

S.P = 10*50*115 /100 + 30*50*125/100 = 2450

Profit = 2450- 2000 = 450

Profit% = 450/2000 * 100 = 22.5**A dealer marked the price of an item 20% above cost price. He allowed two successive discounts of 20% and 25% to a customer. As a result he incurred a loss of Rs.812. At what price did he sell the item to the customer?**

A.1875

B.2088

C.2155

D.2258

E.None of theseAnswer –**B.2088**

**Explanation :**

CP = 100

MP = 120

120*80/100 = 96; 96*75/100 = 72

Loss = 100 â€“ 72 = 28%

CP = 100/28*812 = 2900

SP = 2900*72/100 = 2088**An item was bought at Rs. X and sold at Rs.Y, thereby earning a profit of 20%. Had the value of X been 15% less and the value of Y been Rs.60 less, a profit of 20% would have been earned, What was the value of Y ?**

A.350

B.400

C.450

D.500

E.None of theseAnswer –**B.400**

**Explanation :**

x(1.2)=yâ€”â€”â€”â€“1

x(0.85)(1.2)=y-60â€”â€”â€”â€”â€”â€”-2

Sub 1 in 2, and solve y

Y=400**A vendor sold two magazines namely A and B. He sold magazine â€˜Aâ€™ at a loss of 30% and magazine â€˜Bâ€™ at a profit of 35% but finally there is no loss or no gain. If the total Selling price of both magazines is Rs.572. Find the difference between the Cost Price of Magazine â€˜Aâ€™ and â€˜Bâ€™?**

A.Rs. 32

B.Rs. 44

C.Rs. 56

D.Rs. 62

E.None of the AboveAnswer –**B.Rs. 44**

**Explanation :**

30% of x = 35% of y ; x + y = 572

x/y = 7/6

Difference = Rs.44**A man buys some quantity of rice for Rs 5100. He sells one third of it at a profit of 10%. At what percent gain should he sell the remaining two-third so as to make an overall profit of 20% on the whole transaction?**

A.10%

B.15%

C.20%

D.25%

E.None of theseAnswer –**D.25%**

**Explanation :**

10……â€¦â€¦â€¦â€¦â€¦.X

â€¦â€¦â€¦â€¦20â€¦â€¦â€¦â€¦â€¦

x-20â€¦â€¦â€¦â€¦â€¦.10

1:2

X=25**Ravi found that he had made a loss of 10% while selling his smartphone. He also found that had he sold it for Rs.100 more, he would have made a profit of 10%. The initial loss was what percentage of the profit earned, had he sold the smartphone for a 10% profit ?**

A.100%

B.118%

C.75%

D.85%

E.None of the AboveAnswer –**A.100%**

**Explanation :**

Profit= 10%

10% of CP = Rs. 100

CP = Rs. 1000

Now, Loss% = 10%

Loss =Rs. 100

Required % = (100/100)*100 = 100%**A, B and C invests rupees 8000, 12000 and 10000 respectively in a business. At the end of the year the balance sheet shows a loss of 40% of the initial investment. Find the share of loss of B.**

A.4000

B.4500

C.4800

D.5000

E.None of theseAnswer –**C.4800**

**Explanation :**

Total loss after one year = 30000*40/100 = 12000

share of B = (40/10)*12000 = 4800**Deepika buys two bangle set for a total cost of Rs. 600. By selling one bangle set for 4/5 of its cost and the other for 5/4 of its cost, She makes a profit of Rs. 96 on the whole transaction. The cost of the lower priced bangle set is?**

A.Rs. 360

B.Rs. 320

C.Rs. 150

D.Rs. 120

E.None of theseAnswer –**D.Rs. 120**

**Explanation :**

CP of 1st bangle set = x

CP of 2nd bangle set = 600-x

SP of 1st bangle set = 4x/5

SP of 2nd bangle set=(600-X)5/4

Profit=SP-CP

96=4x/5+(600-X)5/4-600

X = 120

**Shortcut:**

-20â€¦â€¦â€¦â€¦â€¦â€¦â€¦25

â€¦â€¦â€¦â€¦.16â€¦â€¦â€¦â€¦â€¦â€¦â€¦

9â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦â€¦36

1 : 4

5 = 600

1 = 120**A milkman buys some milk. If he sells it at rupees 10 a litre, he losses 400 rupees but when he sells it at 12 a litre, he gains 800 rupees. How much milk did he purchase?**

A.400 litre

B.550 litre

C.600 litre

D.800 litre

E.None of theseAnswer –**C.600 litre**

**Explanation :**

10x=s-400

12x=s+800

2x=1200

X=600

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