Aptitude Questions on Profit-Loss

1. An article is bought for Rs. 675 and sold for Rs. 900. Find the gain percent?
A. 30 2/3%
B. 31 1/3%
C. 33 1/3%
D. 33 1/6%

B. 33 1/3%
900 – 675 = 225
225/675*100
= 33 1/3%
3. A person buys a horse for 15 pounds. After one year, he sells it for 20 pounds. After one year, again he buys the same horse at 30 pounds and sells it for 40 pounds. What is the overall profit percent for that person over both the transactions?
A. 30.33%
B. 33.33%
C. 35.33%
D. 40.33%

B. 33.33%
Total C.P. = 45
Total S.P. = 60
Profit% = (15/45) *100 = 33.33%
5. A trader sells 85 m of cloth for Rs. 8,925 at the profit of Rs. 15/m of cloth. What is the cost price of 1 m of cloth?
A. Rs. 84
B. Rs. 90
C. Rs. 96
D. Rs. 102

B. Rs. 90
SP of 1m of cloth = 8925/85 = Rs. 105
CP of 1m of cloth = SP of 1m of cloth - profit on 1m of cloth
= Rs. 105 - Rs. 15 = Rs. 90
7. A, B and C enter into a partnership. A invests some money at the beginning, B invests double the amount after 6 months, and C invests thrice the amount after 8 months. If the annual gain be Rs. 18,000. A's share is?
A. Rs. 5,750
B. Rs. 6,000
C. Rs. 7,200
D. Rs. 7,500

B. Rs. 6,000
x*12 : 2x*6: 3x*4
1:1:1
1/3 * 18000 = 6000
9. By selling an article at Rs. 800, a shopkeeper makes a profit of 25%. At what price should he sell the article so as to make a loss of 25%?
A. Rs. 460
B. Rs. 480
C. Rs. 500
D. Rs. 520

B. Rs. 480
SP = 800, Profit = 25%
CP = (SP)*[100/(100+P)]
= 800 * [100/125] = 640
Loss = 25% = 25% of 640 = Rs. 160
SP = CP - Loss = 640 - 160 = Rs. 480
11. Amit bought 160 shirts at the rate of Rs. 225/shirt. The transport expenditure was Rs. 1,400. He paid an octroi at the rate of Rs. 1.75/shirt and labour charges were Rs. 320. What should be the selling price of 1 shirt, if he wants a profit of 20%?
A. Rs. 260
B. Rs. 275
C. Rs. 280
D. Rs. 285

D. Rs. 285
Total CP per shirt = 225 + 1400/160 + 1.75 + 320/160 = Rs. 237.5
SP = CP[(100 + profit%)/100]
= 237.5 * [(100 + 20)/100] = Rs. 285
13. A man sold two houses for Rs. 7.8 lakhs each. On the one, he gained 5% and on the other, he lost 5%. What percent is the effect of the sale on the whole?
A. 0.25 % loss
B. 0.25 % gain
C. 25 % loss
D. 25 % gain

A. 0.25 % loss
Loss% = (5/10)^2 = 1/4% = 0.25%
15. Profit after selling a commodity for Rs. 425 is same as loss after selling it for Rs.355. The cost of the commodity is:
A. Rs. 385
B. Rs. 390
C. Rs. 395
D. Rs. 400

B. Rs. 390
Let C.P = Rs. X
425 – X = X – 355 (or)
2X = 780 or X = 390
17. If two mixers and one T.V cost Rs. 7000. While two T.V s and one mixer cost Rs. 9800. The value of one T.V is:
A. Rs. 3,200
B. Rs. 3,600
C. Rs. 4,200
D. Rs. 4,600

C. Rs. 4,200
2X + Y = 7000
X + 2Y = 9800
Solving (i) and (ii), we get Y = 4200
19. Bhajan Singh purchased 120 reams of paper at Rs. 80 per ream. He spent Rs. 280 on transportation. Paid octrai at the rate of 40 paise per ream and paid Rs. 72 to the coolie. If he wants to have a gain of 8 %. What must be the selling price per ream?
A. Rs. 86
B. Rs. 88
C. Rs. 90
D. Rs. 92