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 marked price of a sofa is 11,500 . The shopkeeper sold it by allowing 18% discount on the market price and earned 15% profit. What is the cost price of the sofa ?**

A)8000

B)8100

C)8200

D)8400

**Answer – C) 8200**

Explanation :

11500×(82/100)×(100/115) = 8200

**The ratio of the cost price to the marked price of the furniture is 3:5 and ratio of percentage profit to the percentage discount is 5:3.What is the discount percentage ?**

A)3.33

B)6.66

C)15.15

D)9.99

**Answer – D) 9.99**

Explanation :

CP:MP = 3: 5

P:D = 5:3

Let CP = 300; MP = 500

(5X/100)×300 + (3X/100)×500 = 100

15X+15X = 100

X=(100/30) = 3.33

Discount = 3×3.33 = 9.99

**A shopkeeper expect the gain of 19% on his cost price.If in a week his sale was of Rs.462 , What was his profit ?**

A)73

B)73.77

C)73.50

D)74

**Answer – B)73.77**

Explanation :

CP=(100/119)×462 = 388. 23

P = 462 – 388.23 = 73.77

**Prakash bought a bike at 20% discount on its original price.He sold it with 30% increase on the price he bought it.The new sale price is by what percent more than the original price ?**

A)4%

B)5%

C)10%

D)22%

**Answer – A) 4%**

Explanation :

Let original price = Rs.100

20% discount = Rs.20

CP = 80

SP = (130/100)×80 = 104

Percentage = (104 – 100 )% = 4%

**Shopkeeper marked the selling price of an article at 12% above the cost price . At the time of selling , he allow certain discount and suffer a loss of 2%.Find the discount percentage**

A)12%

B)12.25%

C)12.5%

D)13%

**Answer -C) 12.5%**

Explanation :

Let CP = 100

MP = 112

SP = 98

Discount percentage = ([112 – 98]/112)×100 = (14/112)×100 = 12.5%

**A Grinder is listed at Rs.1200 and a discount of 25%is offered on the list price. What additional discount must be offered to the customer to bring the net price to Rs. 990.**

A)10%

B)12%

C)15%

D)20%

**Answer – A) 10%**

Explanation :

SP after 1^{st}discount = [(75/100)×1200] = Rs.900

Net SP = Rs.990

Discount on Rs.900 = 990 – 900 = Rs.90

Required discount = [(90/900)×100] = 10%

**A sales man sells 2 watches for Rs.460 each.On one he gets 15% profit and on the other 15% loss.His profit or loss in the entire transaction was**

A)2(4/6)%

B)2(1/4)%

C)2(3/4)%

D)2(7/4)%

Answer –**B) 2(1/4)%**

Explanation :Loss = (15/10)^2 = 225/100 = 9/4 = 2(1/4)%

**A shopkeeper takes 12% profit on his goods.He lost 22% goods during theft.His loss percentage is**

A)12.56

B)12.55

C)12.64

D)12.60

**Answer – C) 12.64**

Explanation :

Let no of goods = 100

CP of each item Rs.1 then total cost = Rs.100

No of item theft = 22

Remaining item = 78

Profit 12%, SP = 1.12 each item

Total sale = 78 ×1.12 = 87.36

Loss = 100 – 87.36 = 12.64

**The difference the cost price and selling price of the book is Rs.260 .If the profit is 25%, then the selling price is**

A)1100

B)1200

C)1250

D)1300

**Answer -D) 1300**

Explanation :

SP = 125% of Rs.x = (x×125/100) = 5x/4

(5x/4) – x = 260

X = (260 × 4) = 1040

SP = (1040×5)/4 = 1300

**The CP of 18 articles is equal to SP 15 articles .Find the gain or loss**

A)15%

B)18%

C)20%

D)22%

**Answer – C) 20%**

Explanation :

CP of each article = Rs.1

CP of 18 articles = Rs.18

SP of 15 articles = Rs. 18

Gain = (3/15) × 100 = 20%

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