Profit and loss aptitude questions and answers
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Transcript of Profit and loss aptitude questions and answers
1. Cost price = Rs.60 Gain =35% what is Selling price ?
Ans :- 81
Explanations:-SP = 135% of 60 = (135/100*60) = 81. Formulae: SP= ((100+gain%)/100)CP
2) If suresh buys two sheeps at Rs.1500 each and sells one at a gain of 15% and another at a loss of 15%. How much does he gain or loss in the whole transaction ?
Ans:- No loss No gain
Explanation:-
What ever he gain on the 1st sheep,the same he loss on the other sheep.
3) 20% loss on selling price is what percent loss on the cost price ?Ans :- 16 2/3 %
Explanation :-
Let SP = 100 , loss =20 , CP= 100+20 = 120 , loss% = 20/120*100 = 50/3 = 16 2/3
4) If the cost price is 75% of the selling price ,then what is the profit %age ?
Ans:- 33.33
Explanation :-Explanation :-Let SP=100 , CP = 75, PROFIT = 25. Profit %= 25/75*100 =100/3 = 33.33
5) A cloth merchant man says that due rainy in the market ,he sells the cloth at 20% loss, but he uses a false metre scale and actually gain 25%.Find the actual lenth of thescale ?Ans:- 64
Explanation :- True scale /false scale =(100+gain%) / (100 - loss%).100/false scale = (100+25) / (100 - 20).false scale = 100 * 80 /125 = 64.
6) A cycle was purchased for Rs.1800 and sold for Rs.1300.Find loss or profit ?Ans:- loss
Explanation :-
Cost price of an cycle = Rs.1800 , selling price = 1300Since SP < CP , there is a Loss .gain = CP -SP =1800 - 1300 = 500., So Loss
7) A dealer professes to sell his goods at cost price , but he uses a weight of 850g for the kg weight.Find his gain percent ?
Ans :- 17 11/17
Explanation :- Error = 1kg - 850g = 1000g - 850g = 150gTherefore , Gain% = 150 / 850 * 100. = 17 11/17.
8) A fruit seller sells two apples at Rs.10 each on one he gain 30% and on the other he lost 30%.What is his overall gain or loss in percentage ?
Ans:- 9
Explanation :-
Two articles sold at same price, making a profit of a% on one and a loss of b% on the other ,there is loss occurs on the whole transaction.loss% = a²/100.So, (30)²/100 = 900/100 = 9%.Loss% = 9%
9) A man bought a buffelow and a carriage for Rs.3000,he sold the buffelow at a gain of 20% and the carriage at a loss 10% thereby gaining 2% on the whole .Find the cost of buffelow ? Ans:- 1200
Explanation :- Let the cost price of buffelow =Rs.xThen the cost price of carriage =Rs. (3000 -x)20% of x - 10% of (3000 - x) = 2% of 3000==>x/5 - (3000 - x)/10 =60==> 2x - 3000+x = 600==> 3x = 3600 -----> x = 1200.