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.

- 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 - 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 - 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 - 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% - 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. - 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 - 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 - 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 - 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 - 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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