Home ‣ Aptitude ‣ Profit and Loss Comments
- Question
Options- A. 35%
- B. 45%
- C. 20%
- D. 25%
- Correct Answer
- 25%
Explanation
Let number of apples bought = 5 x 6 = 30 [LCM of 5 and 6]CP = (10/5) x 30 = ? 60SP = (15/6) x 30 = ? 75? Gain = SP - CP = 75 - 60 = ? 15
? Gain % = (15/60) x 100 % = 25%
Search Results
- 1.
The cost of price and selling price of an article are in the ratio of the 3 : 7. If the selling price is ? 700, then find the cost price
Options- A. ? 500
- B. ? 400
- C. ? 300
- D. ? 800 Discuss
Correct Answer: ? 300
Explanation:
Let CP = 3x and SP = 7x According to the question, 7x = 700? x = 100
? CP = 3x = ? = 300
- 2.
If the cost price of 23 toys is equal to selling price of 20 toys. Then the gain or loss percentage is?
Options- A. 12
- B. 14
- C. 15
- D. 121/2 Discuss
Correct Answer: 12
Explanation:
Here, a = 23, b = 20 ? Required percentage profit = [(a - b)/b] x 100 %
= [(23 - 20)/20] x 100% = 15%
- 3.
The selling price of 20 articles is equal to the cost price of 22 articles. The gain percentage is
Options- A. 12%
- B. 9%
- C. 10%
- D. 11% Discuss
Correct Answer: 10%
Explanation:
Here, a = 22 and b = 20, then ? Gain% = [(a - b)/b] x 100%
= [(22 - 20)/20] x 100% =10%
- 4.
A dealer sold three-fourth of his articles at a gain of 24% and the remaining at the cost price. Percentage of gain in the whole transaction is?
Options- A. 15
- B. 18
- C. 24
- D. 32 Discuss
Correct Answer: 18
Explanation:
Let CP = ? 100? SP = [75 x (124/100)] + 25= 93 + 25 = ? 118
Clearly, gain % = 18%
- 5.
A fruit-seller buys lemons at 2 for a rupee and sells them at 5 for three rupees What is his gain per cent?
Options- A. 10%
- B. 15%
- C. 20%
- D. 25% Discuss
Correct Answer: 20%
Explanation:
Since, CP of 2 lemon is ? 1? CP of 1 lemon is = 1/2 = ? 0.5SP of 5 lemon is ? 3.? SP of 1 lemon is = 3/5 = ? 0.6? Gain percent = [(0.6 - 0.5)/0.5] x 100
= (0.1/0.5) x 100 = 20%
- 6.
The profit earned after selling an article for ? 625 is same as the loss incurred after selling the article for ? 435. The cost price of the article is
Options- A. ? 520
- B. ? 530
- C. ? 540
- D. ? 550 Discuss
Correct Answer: ? 530
Explanation:
Let CP = xAccording to the question, 625 - x = x - 435? 2x = 1060
? x = 1060/2 = ? 530
- 7.
If the difference between the selling prices of an article at profit of 6% and 4% ? 3, then the cost price of the article should be?
Options- A. ? 100
- B. ? 150
- C. ? 175
- D. ? 200 Discuss
Correct Answer: ? 150
Explanation:
Let CP = NAccording to the question (106N/100) - (104N/100) = 3? 2N/100 = 3 ? N = 300/2
= ? 150
- 8.
A man sells calculator at the rate of ? 250 each which includes a profit of 14%. What amount of profit while he earn in 19 days, if he sells 7 calculator per day?
Options- A. ? 4665
- B. ? 4565
- C. ? 4545
- D. ? 4655 Discuss
Correct Answer:
Explanation:
Profit on one calculator = 250[1- (100/114)] = ? 30.70 ? Total amount of the profit = 19 x 7 x 30.70
= ? 4083.10
- 9.
The cost price of 24 apples is same as the selling price of 18 apples. The percentage of gain is
Options- A. 121/2%
- B. 142/3%
- C. 162/3%
- D. 331/3% Discuss
Correct Answer: 331/3%
Explanation:
Here, 6 apples are gained over 18 apple.? Gain percent = (6/18) x 100 %
= 331/3%
- 10.
By selling a wrist watch of Rs.405 the shopkeeper incurs a loss of 10%. What is the gain or loss percentage if he sells the same watch at Rs. 465?
Options- A. profit of 10%
- B. less of 6 %
- C. profit of 3.33 %
- D. no profit no loss Discuss
Correct Answer: profit of 3.33 %
Explanation:
CP = 405 / 0.9 = 450New SP = Rs. 465
Profit (%) = [465-450 / 450] X 100 = 3.33%
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