Top 100+ Profit and Loss Aptitude Questions and Answers - 2

 Question: 6

Sathish bought a table for Rs.1,640 and sold it with 35% profit. At what price did he sell the table?

(A) Rs. 2,214

(B) Rs. 2,132

(C) Rs. 1,968

(D) Rs. 1,066

View Answer

Ans: A

S.P. = Rs. (1640+

35

100

×1640)

= Rs. (1640 + 574) = Rs. 2214.

Question: 7

A producer of tea blends two varieties of tea from two tea gardens one costing Rs. 8 per kg and another Rs.20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs.21 per kg, then he gain percent is

(A) 12

(B) 14

(C) 18

(D) 19

View Answer

Ans: A

Let he bought 5 kg and 3 kg of tea.

C.P. = Rs. (5 × 18 + 3 × 20) = Rs. 150

S.P. = Rs. (8 × 21) = Rs. 168

Gain % = (

18

150

×100)% = 12%.

Question: 8

When a commodity is sold for Rs.34.80, there is a loss of 25%. What is the cost price of the commodity?

(A) Rs. 26.10

(B) Rs. 43

(C) Rs. 43.20

(D) Rs. 46.40

View Answer

Ans: D

S.P. = Rs. 34.80, Loss = 25%

C.P. = Rs. (

100

75

×34.80) = Rs. 46.40.

Question: 9

Muthu bought a car and got 15% of its original price as dealer’s discount. He then sold it with 20% profit on his purchase price what percentage profit did he get on the original price of the year

(A) 1%

(B) 2%

(C) 5%

(D) 12%

View Answer

Ans: B

Let the original price be Rs. 100.

Price after dealer’s discount = Rs. 85.

S.P. = 

120

100

×85 = 102.

∴ Profit = 2% on original price.

Question: 10

A person purchases an article at 20% less of the marked price and sells at 20% more than marked price. His profit is

(A) 20%

(B) 30%

(C) 40%

(D) 50%

View Answer

Ans: D

Let market price is Rs. 100.

Then C.P. = Rs. (100 – 20) = Rs. 80

S.P. = Rs. (100 + 20) = Rs. 120

Profit = Rs. (120 – 80) = Rs. 40

∴ Profit % = (

40

80

×100)% = 50%.