# Aptitude Questions: Profit and Loss Set 18

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!!!

1. 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.390
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

2. 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%
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

3. 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 these
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

4. 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 these
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

5. 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 Above
Explanation :
30% of x = 35% of y ; x + y = 572
x/y = 7/6
Difference = Rs.44

6. 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 these
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

7. 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 Above
Explanation :
Profit= 10%
10% of CP = Rs. 100
CP = Rs. 1000
Now, Loss% = 10%
Loss =Rs. 100
Required % = (100/100)*100 = 100%

8. 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 these
Explanation :
Total loss after one year = 30000*40/100 = 12000
share of B = (40/10)*12000 = 4800

9. 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 these
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

10. 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 these