Profit & Loss · Exercise 1 of 5

Profit & Loss General Questions

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Category: Quantitative Aptitude
Topic: Profit & Loss
Exercise: General Questions
Questions: 30

Exercise list5 exercises in Profit & Loss

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Question 1

In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?

A 30%

B 70%

C 100%

D 250%

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Question 2

The percentage profit earned by selling an article for ₹1920 is equal to the percentage loss incurred by selling the same article for ₹1280. At what price should the article be sold to make 25% profit?

A ₹ 2000

B ₹ 2200

C ₹ 2400

D Data inadequate

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Question 3

Sam purchased 20 dozens of toys at the rate of ₹375 per dozen. He sold each one of them at the rate of ₹33. What was his percentage profit?

A 3.5

B 4.5

C 5.6

D 6.5

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Question 4

A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?

A 3

B 4

C 5

D 6

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Question 5

Alfred buys an old scooter for ₹ 4700 and spends ₹ 800 on its repairs. If he sells the scooter for ₹ 5800, his gain percent is:

A 4(4/7)%

B 5(5/11)%

C 10%

D 12%

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Question 6

The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:

A 15

B 16

C 18

D 25

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Question 7

A man buys a cycle for ₹ 1400 and sells it at a loss of 15%. What is the selling price of the cycle?

A ₹ 1090

B ₹ 1160

C ₹ 1190

D ₹ 1202

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Question 8

A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of ₹392, what was his profit?

A ₹ 18.20

B ₹ 70

C ₹ 72

D ₹ 88.25

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Question 9

Some articles were bought at 6 articles for ₹ 5 and sold at 5 articles for ₹ 6. Gain percent is:

A 30%

B 33.33%

C 35%

D 44%

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Question 10

A trader mixes 26 kg of rice at ₹ 20 per kg with 30 kg of rice of other variety at ₹ 36 per kg and sells the mixture at ₹ 30 per kg. His profit percent is:

A No profit, no loss

B 5%

C 8%

D 10%

E None of these

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Required percentage =		295	x 100	%	=	1475	%
		420				21

Then,	1920 - x	x 100 =	x - 1280	x 100
	x		x

= ₹		125	x 1600		= ₹ 2000.
		100

Profit % =		1.75	x 100	%	=	28	% = 5.6%
		31.25				5

Gain % =		300	x 100	%	= 5	5	%
		5500				11

Cost Price of 1 toy = ₹		375		= ₹31.25
		12

S.P. of 6 toffees = 120% of Re. 1 = ₹	6
	5

For Re. 1, toffees sold =		6 x	5		= 5.
			6

C.P. = ₹		100	x 392		= ₹		1000	x 392
		122.5					1225