Quantitative Aptitude :: Profit and Loss Problems And Answers

Profit and Loss Formulaes

Quantitative Aptitude
Verbal Ability

21. A trader lists his articles at 30% above cost price and allows a discount of 10% on cash payment. Find his gain percentage

A. 117% Gain B. 100% Gain
C. 17% Profit D. 17% Loss

22. The actual price of an article was Rs. 6000/- the successive discount on 10% and 20% then Finds the selling price

A. Rs.3240/- B. Rs. 4320/-
C. Rs.4230/- D. Rs.4200/-

23.  What profit/loss percent did Ravi earn if he purchased an item of Rs.5,600 and sold it at three-fourth of its cost price?

A. Loss of 20 percent
B. Gain of 25 percent
C. Neither gain or loss
D. Loss of 15 percent

24. The owner of a cell phone shop charges his customer 23% more than the cost price. If a customer paid Rs.7,011 for a cell phone, then what was the cost price of the cell phone?

A. Rs.5,845
B. Rs.6,750
C. Rs.5,700
D. Rs.6,925

25. The cost price of 16 articles is the same as the selling price of 12 articles. Find the loss/profit percentages.

A. 30% B. 32.50%
C. 33 1/3% D. 40%

26. Raju purchased an item for Rs.4,500 and sold it at the gain of 15%. From that amount he purchased another item and sold it  at the loss of 10%. What is his overall gain/loss?

A. Gain of Rs.151.50 B. Gain of Rs.157.50
C. Loss of Rs.165 D. neither gain nor loss

27.  A shopkeeper labeled the price of his articles so as to earn a profit of 30% on the cost price. He then sold the articles by offering a discount of 10% on the labeled price. What is the actual percent profit earned in the deal?

A. 18% B. 20%
C. 17% D. None of these

28. Profit earned by an organization is distributed among officers and clerks in the ratio of 5:3 respectively. If the number of officers is 45 and the number of clerks is 80 and the amount received by each officer is Rs.25,000/-, what was the total amount of profit earned?

A. Rs.22 lakhs B. Rs.18.25 lakhs
C. Rs.18 lakhs D. Rs.23.25 lakhs

29. The cost of 8 gel pens and 12 ball pens is Rs.82. What would be the cost of 36 gel pens and 54 ball pens?

A. Rs.366 B. Rs.365
C. Rs.369 D. Rs.364

30. A merchant sells his two cars – one at 15% loss and another at 12% profit. If the cost prices of the two cars are in the ratio of 1:2, what is his percent profit or loss?

A. 3% profit B. 2% loss
C. 2% profit  D. 3% loss

Related Topics

Time and Distance
Boats and Streams
Simple Interest

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