# Aptitude - Profit and Loss

## Why Aptitude Profit and Loss?

In this section you can learn and practice Aptitude Questions based on "Profit and Loss" and improve your skills in order to face the interview, competitive examination and various entrance test (CAT, GATE, GRE, MAT, Bank Exam, Railway Exam etc.) with full confidence.

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## Where can I get Aptitude Profit and Loss Interview Questions and Answers (objective type, multiple choice)?

Here you can find objective type Aptitude Profit and Loss questions and answers for interview and entrance examination. Multiple choice and true or false type questions are also provided.

## How to solve Aptitude Profit and Loss problems?

You can easily solve all kind of Aptitude questions based on Profit and Loss by practicing the objective type exercises given below, also get shortcut methods to solve Aptitude Profit and Loss problems.

### Exercise :: Profit and Loss - General Questions

1.

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

A.
 4 4 % 7
B.
 5 5 % 11
C. 10%
D. 12%

Explanation:

Cost Price (C.P.) = Rs. (4700 + 800) = Rs. 5500.

Selling Price (S.P.) = Rs. 5800.

Gain = (S.P.) - (C.P.) = Rs.(5800 - 5500) = Rs. 300.

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

Video Explanation: https://youtu.be/St2gUTc94hw

2.

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

Explanation:

Let C.P. of each article be Re. 1 C.P. of x articles = Rs. x.

S.P. of x articles = Rs. 20.

Profit = Rs. (20 - x).  20 - x x 100 = 25 x 2000 - 100x = 25x

125x = 2000 x = 16.

Video Explanation: https://youtu.be/sidqvjUoZxY

3.

If selling price is doubled, the profit triples. Find the profit percent.

A.
 66 2 3
B. 100
C.
 105 1 3
D. 120

Explanation:

Let C.P. be Rs. x and S.P. be Rs. y.

Then, 3(y - x) = (2y - x) y = 2x.

Profit = Rs. (y - x) = Rs. (2x - x) = Rs. x. Profit % = x x 100 % = 100% x

Video Explanation: https://youtu.be/dPzF10mGsWE

4.

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%

Explanation:

Let C.P.= Rs. 100. Then, Profit = Rs. 320, S.P. = Rs. 420.

New C.P. = 125% of Rs. 100 = Rs. 125

New S.P. = Rs. 420.

Profit = Rs. (420 - 125) = Rs. 295. Required percentage = 295 x 100 % = 1475 % = 70% (approximately). 420 21

Video Explanation: https://youtu.be/bQA8SB8ycbw

5.

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

Explanation:

C.P. of 6 toffees = Re. 1

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

 For Rs. 6 , toffees sold = 6. 5

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

Video Explanation: https://youtu.be/7wKrnZ0LKA8