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!!!

**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**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**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**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%**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**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%**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%**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**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**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

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