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Quantitative Aptitude :: Profit and Loss Problems And Answers

Profit and Loss Formulaes

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71. Sam bought an article for Rs.4550 and sold it for Rs.5225. What was the approximate percent profit that he gained from this transaction?
A. 15 B. 115
C. 25 D. 125
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72. Chamanlal purchased a mobile phone and a refrigerator for Rs.15400 and Rs.19600 respectively.He sold mobile phone for a profit of 15 percent and the refrigerator for a loss of 20 percent. What is his overall loss/profit?
A. Loss of Rs.1620 B. Profit of Rs.1620
C. Loss of Rs.1610 D. No gain no loss
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73. A shopkeeper purchased 175 items at Rs.35 per item. He spent Rs.875 on packing and Rs.1000 on transport. He sold the items at the rate of Rs.60 per item. What is the percentage profit earned?
A. 25% B. 27.5%
C. 30%  D. 31.5%
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74. Ramesh purchased 64 items at Rs.450 per item. He invested Rs.1600 in transportation of these items. What should be the selling price of each item if he has to gain 20% as profit?
A. Rs.520 B. Rs.540
C. Rs.560 D. Rs.570
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75. A person X sold an Item to Y at 40% loss, then Y sold it to third person Z at 40% profit and finally Z sold it back to X at 40% profit. In this whole process what is the percentage loss or profit of X?
A. No loss, no gain B. 40% profit
C. 57.6% Loss D. 80% loss
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76. ¼ of a commodity is sold at 18% profit, 1/5 is sold at a profit of 15% and the rest at 35%. If a total profit of
Rs.321 is earned, then what is the value of the commodity? 
A. Rs.2400 B. Rs.1800
C. Rs.1500 D. Rs.1200
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77. Sunitha bought a watch at 40% discount on the selling price. If  the watch  costs her Rs.3414, what is the original selling price of the watch?
A. Rs.5490 B. Rs.5590
C. Rs.5690 D. Rs.5790
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78. The cost of 21 books and 38 pens is Rs.1855. What is the cost of 18 books and 24 pens?
A. Rs.1590 B. Rs.1690 
C. Rs.1790 D. Rs.1890
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79. On selling an item for Rs.90 a man gains 20%. In order to gain 48%, what will be the increase in its selling praice?
A. Rs.16 B. Rs.18 
C. Rs.21  D. Rs.24
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80. A shopkeeper wants to to earn 12% profit on an item after giving 20% discount to the customer. By what percentage should he increase his marked price to arrive at the label price?
A. 24% B. 32%
C. 40% D. 16%
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Related Topics

Partnership
Problems on volume
Square Root and Cube Root
HCF & LCM
Clock
Simple Interest



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Those are all planning for any competitive examinations can use this segment to enhance their abilities.

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Problems on Averages
Problems on Ages
Boats and Stream
Co-Ordinate Geometry
Problems on Calender
Problems on Clack
Compound Interest
LCM-and-HCF
Mensuration
Number System
Partnership
Percentage
Permutations-Combinations
Profit-and-Loss
Probability
Time & Distance
Time & Work
Problems-on-Trains