Quantitative Aptitude :: Profit and Loss Problems And Answers

1. A table is bought for Rs.600/- and sold at Rs.700/- find gain or loss percentage

A. 25% loss B. 30% gian
C. 25% gian D. 30% loss
Answer & Explanation

Answer: Option C

Formula = (Selling price ~ Cost price)/Cost price * 100 
= (700 - 600)/400 = 25% gain

anvesh said: (Tuesday March 08, 2016, 04:58 AM)  
given cp=600 sp=700 profit % = (100/600)*100 profit % =16.66
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