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. Do see the solutions, you might get any shortcut.

  1. A man purchased some fruits for Rs 1000. He sold 2/5th of the fruits worth Rs 400 at 10% profit. At what percent must he sell the rest in order to get 20% profit on the whole?
    A. 26 2/3%
    B. 25%
    C. 30%
    D. 33 1/3%
    A. 26 2/3%
    Explanation:
    2/5 (10) + 3/5 (x) = 20
    Find x

  2. A retailer marked its goods at 50% above the cost price and thinking that he will still make 30% profit, offers a discount of 20% on the marked price. What is the actual profit on the sale?
    A. 18%
    B. 25%
    C. 20%
    D. 15%
    C. 20%
    Explanation:
    50 + (-20) + (50)(-20)/100

  3. Toffees are bought at 27 for a rupee. How much must be sold for a rupee so as to gain 50%?
    A. 18
    B. 25
    C. 20
    D. None of these
    A. 18
    Explanation:
    27 * (100/150) = 18

  4. By selling 8 articles, a tradesman makes a loss equal to the cost price of 4 articles. Find loss%.
    A. 25%
    B. 100/3%
    C. 50%
    D. None of these
    C. 50%
    Explanation:
    C.P of 8 articles – S.P of 8 articles = C.P of 4 articles
    C.P of 4 articles = S.P of 8 articles
    Profit% = (8 – 4)/8 * 100 = 50%

  5. Shopkeeper marks his goods at Rs 2,000. Now after allowing a discount of 25%, he gains 50%. Find the cost price of the article.
    A. Rs 1800
    B. Rs 1000
    C. Rs 1500
    D. None of these
    B. Rs 1000
    Explanation:
    Use M.P. = (100 + p%)/(100 – d%) * C.P.

  6. Two articles are bought at Rs 800 each. While selling the articles, trader made 10% profit on the first article and 10% loss on the second article. Find the overall profit/loss percent.
    A. 25%
    B. 100/3%
    C. Neither loss nor profit
    D. None of these
    C. Neither loss nor profit
    Explanation:
    When two articles are bought at same price and sold at equal profit % and loss % respectively, it is neither profit nor loss

  7. A fruit vendor purchased 21 apples for Rs 180. 33 1/3% of the apples were rotten and had to be thrown away. What price should the trader charge per apple if he wants to earn a profit of 16 2/3%?
    A. Rs 28
    B. Rs 15
    C. Rs 22
    D. Rs 25
    B. Rs 15
    Explanation:
    33 1/3 % rotten implies 100/3 * 100 *21 = 7 rotten
    14 apples left
    For profit of 16 2/3% or 50/3%
    S.P. of 14 apples should be (100 + 50/3)/100 * 180 = 210

  8. By selling an item at 7/10th of the actual selling price, a trader makes a profit of 20%. If he sells the product at 20% less than the actual selling price, then what will be the profit or loss %?
    A. 30%
    B. 20%
    C. 37 1/7%
    D. 33 1/3%
    C. 37 1/7%
    Explanation:
    C.P.        S.P.
    Profit is 20%. So,
    (7/10 S.P. – C.P.)/C.P. * 100 = 20
    This gives S.P. = 12/7 C.P.
    Now product sold at 20% less S.P. i.e. 80/100 or 4/5 of S.P.
    Profit/loss% = (4/5 S.P. – C.P.)/C.P. * 100
    Put S.P. = 12/7 C.P. and find the final answer

  9. Raman bought an item at 20% discount on its original price. He sold it with 40% increase on the price he bought it. The new sale price is by what percent more than the original price?
    A. 12%
    B. 20%
    C. 15%
    D. 25%
    A. 12%
    Explanation:
    40 + (-20) + (40)(-20)/100

  10. The selling price of an article is marked at 10% above the cost price. At the time of selling, he allows a certain discount and suffers a loss of 1%. He allowed a discount of:
    A. 20%
    B. 10%
    C. 15%
    D. 25%
    B. 10%
    Explanation:
    Use M.P. = (100 + p%)/(100 – d%) * C.P.
    110/100 M.P. = (100 – 1)/(100 – d%) * C.P.
    Find d%

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