Aptitude Questions – Profit and Loss Set 20

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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!!!

1. The profit earned after selling an article for Rs. 1680 is the same as the loss incurred after selling the article for Rs. 1512. What is the cost price of the article?
   A.Rs.1602
   B.Rs.1912
   C.Rs.1200
   D.Rs.1596
   E.None of these
   
   Answer & Explanation

   Answer – D.Rs.1596
   Explanation :
   CP = x
   1680 – x = x – 1512
   2x = 3192
   x = 1596
   
   
2. Arun sells an article at 20% profit to Bala, Bala sells it to Catherine at 10% profit. Catherine sells it to Dinesh at Rs. 16 profit. The difference between the cost price of Dinesh and cost price of Arun was Rs. 500. How much did Bala pay to Arun for the article? 
   A. Rs.1350
   B. Rs.1815
   C. Rs.1650
   D. Rs.1750
   E. None of these
   
   Answer & Explanation

   Answer – B. Rs.1815
   Explanation:
   Cost Price of Arun = 100x
   Cost Price of Bala = 120x
   Cost Price of Catherine = 132x
   Cost Price of Dinesh = 132x + 16
   132x + 16 – 100x = 500
   32x + 16 = 500
   32x = 484
   x = 484/32 = 15.125
   Cost Price of Bala =120x = 120 * 15.125 = 1815
   
   
3. Rahul purchased an article for Rs. 8400 and sold it for a loss of 5%. From that money he purchased another article and sold it for a gain of 5%. What is the overall gain or loss?
   A. Profit of Rs.21
   B. Profit of Rs.24
   C. Loss of Rs.21
   D. Loss of Rs.24
   E. None of these
   
   Answer & Explanation

   Answer – C. Loss of Rs.21
   Explanation :
   CP = 8400
   SP = 8400 * 95/100 = 7980
   CP = 7980
   SP = 7980 * 105/100 = 8379
   Difference = 8400 – 8379 = 21
   
   
4. A Shop Keeper sells two bags for Rs. 500 each. On one, he gets 14% profit and on the other he gets 14% loss. His profit or loss in the entire transaction was?
   A. 64/25 % Gain
   B. 49/25 % Gain
   C. 64/25 % Loss
   D. 49/25 % Loss
   E. None of these
   
   Answer & Explanation

   Answer – D. 49/25 % Loss
   Explanation :
   % = x
   Loss % = x²/100 = 196/100 = 49/25%
   
   
5. A Shopkeeper bought 30 kg of rice at the rate of Rs. 40 per kg. He sold 40% of the total quantity at the rate of Rs. 50 per kg. At what price per kg should he sell the remaining quantity to make 25% overall profit?
   A. Rs.54
   B. Rs.50
   C. Rs.40
   D. Rs.30
   E. None of these
   
   Answer & Explanation

   Answer – B. Rs.50
   Explanation :
   Total CP of Rice = 30 * 40 = 1200
   40% of Total Quantity = 40% of 30 = 12
   SP = 12*50 = 600
   SP = 1200 * 125/100 = 1500
   SP of Remaining Quantity = 1500 – 600 = 900
   Remaining Quantity = 18kg
   Rice per Kg = 900/18 = Rs. 50
   
   
6. If the Cost Price of 25 articles is equal to the Selling Price of 20 articles, then what is the gain %?
   A. 25%
   B. 29%
   C. 50%
   D. 40%
   E. None of these
   
   Answer & Explanation

   Answer – A. 25%
   Explanation :
   Gain % = (5 / 20) x 100 = 25%
   
   
7. A TV was purchased for Rs. 54000. Its price was marked up by 40%.It was sold at a discount of 20% on the marked price. What was the profit percent of the cost price?
   A. 10%
   B. 11%
   C. 15%
   D. 12%
   E. None of these
   
   Answer & Explanation

   Answer – D. 12%
   Explanation :
   Explanation:
   40 – 20 + [40 * (-20)/100]
   = 20 – 8 = 12%
   
   
8. A shopkeeper sold a smartphone for Rs.15000. Had he offered discount of 10% on the Selling Price, he would have earned a profit of 8%. What is the Cost Price of that Smartphone?
   A. 11300
   B. 11500
   C. 12500
   D. 12300
   E. None of these
   
   Answer & Explanation

   Answer – C. 12500
   Explanation :
   S.P of Smart Phone = Rs.15000
   Discount = 10%
   New SP = 15000 – 1500 = Rs. 13500
   Profit = 8%
   CP = 13500 * 100/108 = 12500
   
   
9. Pinkey sold a machine to Shalini at a profit of 30%. Shalini sold this machine to Arun at a loss of 20%. If Pinkey paid Rs.5000 for this machine, then find the cost price of machine for Arun?
   A. 6200
   B. 5200
   C. 4800
   D. 4750
   E. None of these
   
   Answer & Explanation

   Answer – B. 5200
   Explanation :
   R1 = 30% R2 = 20%
   5000 * 130/100 * 80/100 = Rs. 5200
   
   
10. A merchant earns a profit of 20% by selling a basket containing 80 Oranges whose cost is Rs.240 but he gives one-fourth of it to his friend at cost price and sells the remaining oranges. In order to earn the same profit, at what price must he sell each orange?
    A. Rs. 4.80
    B. Rs. 4.90
    C. Rs. 3.80
    D. Rs. 4.50
    E. None of these
    
    Answer & Explanation

    Answer – C. Rs. 3.80
    Explanation :
    CP of 80 Oranges = Rs.240
    CP of 1 Orange = Rs.3
    CP of 20 Oranges = Rs.60
    120% of 240 = 288
    SP of remaining 60 Oranges = 288 – 60 = 228
    SP of 1 Orange = 228/60 = Rs.3.80