Aptitude - Profit and Loss
Exercise : Profit and Loss - General Questions
6.
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
Answer: Option
Explanation:
Let C.P. be Rs. x.
Then, | 1920 - x | x 100 = | x - 1280 | x 100 |
x | x |
1920 - x = x - 1280
2x = 3200
x = 1600
![]() |
![]() |
125 | x 1600 | ![]() |
= Rs 2000. |
100 |
Video Explanation: https://youtu.be/0tTd5TwCspY
7.
A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?
Answer: Option
Explanation:
C.P. = Rs. | ![]() |
100 | x 392 | ![]() |
= Rs. | ![]() |
1000 | x 392 | ![]() |
= Rs. 320 |
122.5 | 1225 |
Profit = Rs. (392 - 320) = Rs. 72.
Video Explanation: https://youtu.be/a36nJFgh5yk
8.
A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?
Answer: Option
Explanation:
S.P. = 85% of Rs. 1400 = Rs. | ![]() |
85 | x 1400 | ![]() |
= Rs. 1190 |
100 |
Video Explanation: https://youtu.be/jn0XIafQvAc
9.
Sam purchased 20 dozens of toys at the rate of Rs. 375 per dozen. He sold each one of them at the rate of Rs. 33. What was his percentage profit?
Answer: Option
Explanation:
Cost Price of 1 toy = Rs. | ![]() |
375 | ![]() |
= Rs. 31.25 |
12 |
Selling Price of 1 toy = Rs. 33
So, Gain = Rs. (33 - 31.25) = Rs. 1.75
![]() |
![]() |
1.75 | x 100 | ![]() |
= | 28 | % = 5.6% |
31.25 | 5 |
Video Explanation: https://youtu.be/MhswuvDVWzo
10.
Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:
Answer: Option
Explanation:
Suppose, number of articles bought = L.C.M. of 6 and 5 = 30.
C.P. of 30 articles = Rs. | ![]() |
5 | x 30 | ![]() |
= Rs. 25. |
6 |
S.P. of 30 articles = Rs. | ![]() |
6 | x 30 | ![]() |
= Rs. 36. |
5 |
![]() |
![]() |
11 | x 100 | ![]() |
25 |
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