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Home>QuantitativeAptitude>Quantitativeaptitudequestionsandanswers...> ProfitandLoss>SolvedExamples
1. ImportantFormulas
2. SolvedExamples
1.JohnbuysanoldscooterforRs.4700andspendsRs.800onitsrepairs.Ifhesellsthe
scooterforRs.5800,whatishisgainpercent?
A. 12%
C. 4
B. 10%
D. 5
%
7
5
%
11
SellingPrice(SP)=Rs.5800.
Gain=(SP)(CP)=58005500=Rs.300.
http://www.careerbless.com/aptitude/qa/profitloss.php
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ProfitandLoss
Gain
Gain% = (
300
) 100 = (
CP
300
) 100 =
5500
60
=
55
5
= 5
11
11
2.Thecostpriceof20articlesisthesameasthesellingpriceofxarticles.Iftheprofit
is25%,findoutthevalueofx
A.15
B.25
C.18
D.16
=>CPofxarticles=x(Equation1)
CPof20articles=20
Giventhatcostpriceof20articlesisthesameasthesellingpriceofxarticles
=>Sellingprice(SP)ofxarticles=20(Equation2)
GiventhatProfit=25%
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ProfitandLoss
SP CP
(
25
) =
CP
1
=
100
------------( Equation 3)
4
Substitutingequations1and2inequation3,
(20 x)
1
=
80 4x = x
5x = 80
80
x =
= 16
5
3.Ifsellingpriceisdoubled,theprofittriples.Whatistheprofitpercent?
A. 100
B. 105
1
3
C. 66
D. 120
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ProfitandLoss
Explanation:
LettheCP=x,SP=y
profit=SPCP=yx
IfSPisdoubled,SP=2y
NowProfit=SPCP=2yx
GiventhatIfsellingpriceisdoubled,theprofittriples
2y x = 3(y x)
2y x = 3y 3x
y = 2x
P rof it
P rof it% =
100
CP
y x
=
100
x
2x x
=
100
x
x
=
100
x
= 100%
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ProfitandLoss
4.Inashop,theprofitis320%ofthecost.Ifthecostincreasesby25%buttheselling
price remains constant, find out approximately what percentage of the selling price is
theprofit?
A.250%
B.100%
C.70%
D.30%
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ProfitandLoss
Let the CP = 100
320
P rof it =
100 = 320
100
125
If the cost increases by 25%, New CP =
100 = 125
100
295
Required Percentage =
100
420
2950
=
42
1475
=
21
70
5.Avendorboughtbananasat6forarupee.Howmanyforarupeemustheselltogain
20%?
A.3
B.4
C.5
D.6
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ProfitandLoss
Hereistheanswerandexplanation
Answer:OptionC
Explanation:
CP of 6 bananas = 1
Gain = 20%
120
SP of 6 bananas = 1
12
=
100
10
10
The number of bananas he should sell for Rs.1 for a gain of 20% =
10
6 =
12
= 5
2
6. The percentage profit earned by selling an item for Rs. 1920 is equal to the
percentagelossincurredbysellingthesameitemforRs.1280.Atwhatpriceshouldthe
itembesoldtomake25%profit?
A.InsufficientData
B.Rs.3000
C.Rs.2000
D.Rs.2200
SP CP
=
100
CP
1920 x
=
http://www.careerbless.com/aptitude/qa/profitloss.php
100
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ProfitandLoss
1920 x
=
100
x
Percentage loss incurred by selling the same item for Rs. 1280
CP SP
=
100
CP
x 1280
=
100
x
Given that Percentage profit earned by selling an item for Rs. 1920 =
Percentage loss incurred by selling the same item for Rs. 1280
1920 x
x 1280
100 =
100
x
1920 x
x 1280
=
1920 x = x 1280
3200
x =
2
= 1600
125
Required Selling Price = C P
100
125
= 1600
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5
= 1600
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125
= 1600
ProfitandLoss
5
= 1600
100
= 400 5 = 2000
7. An exporter expects a gain of 22.5% on his cost price. If in a week, his sale was of
Rs.392,whatwashisprofit?
A.InsufficientData
B.Rs.80
C.Rs.90
D.Rs.72
Gain = 22.5%
100
100
CP =
SP =
100 + 22.5
100 + Gain%
1000
=
40
392 =
1225
392
122.5
40
392 =
49
100
392 =
56 = 40 8 = 320
7
8. A man buys a scooter for Rs. 1400 and sells it at a loss of 15%. What is the selling
priceofthescooter?
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ProfitandLoss
A.Rs.1240
B.Rs.1190
C.Rs.1090
D.Rs.1130
= 14 85 = 1190
100
9.Muralipurchased20dozensoftoysattherateofRs.375perdozen.Hesoldeachone
ofthemattherateofRs.33.Findouthisprofitpercentage.
A.3.5
B.5.6
C.4.1
D.3.4
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375
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ProfitandLoss
375
CP of 1 toy =
12
SP of 1 toy = 33
375
Profit = S P C P = 33
12
375
(33
)
12
P rof it
Profit% =
100 =
100
CP
375
12
12
= (33
4
1) 100 = (33
375
7
=
7
100 =
125
1) 100
125
28
4 =
3
= 5
% = 5.6%
5
10.Someitemswereboughtat6itemsforRs.5andsoldat5itemsforRs.6.Whatis
thegainpercentage?
A. 44%
B. 33
1
3
C. 31
D. 30%
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ProfitandLoss
5
CP of 1 item =
6
6
SP of 1 item =
5
6
Gain% =
SP CP
100 =
CP
6
5
36
100 = (
1) 100
25
11
100 = 11 4 = 44
25
11.Onselling17ballsatRs.720,thereisalossequaltothecostpriceof5balls.What
isthecostpriceofaball?
A.Rs.43
B.Rs.60
C.Rs.55
D.Rs.34
GiventhatLoss=(CPof5balls)
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ProfitandLoss
=>(CPof17balls)720=(CPof5balls)
=>(CPof17balls)(CPof5balls)=720
=>CPof12balls=720
720
=> CP of 1 ball =
= 60
12
12.WhenanitemissoldforRs.18,700,theownerloses15%.Atwhatpriceshouldthat
plotbesoldtogetagainof15%?
A.Rs.25100
B.Rs.24200
C.Rs.25300
D.Rs.21200
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ProfitandLoss
When an item is sold for Rs. 18,700, the owner loses 15%
100
CP =
100
100
SP =
18700 =
85
100 + Gain%
To get a gain of 15%, SP =
100 + 15
CP =
100
115
=
100
100
115
18700 =
85
18700
100 15
100 Loss%
115
CP =
100
CP
100
23
18700 =
85
18700
17
= 23 1100 = 25300
13. 100 oranges were bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per
dozen.Whatisthepercentageofprofitorloss?
A. 11
2
%Loss
B. 11
C. 14
1
%Profit
7
2
%Profit
7
D. 14
2
%Loss
7
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ProfitandLoss
CP of 100 oranges = 350
350
CP of 1 orange =
= 3.5
100
SP of 12 oranges = 48
48
SP of 1 orange =
= 4
12
SP CP
Profit% =
4 3.5
100 =
CP
1
=
3.5
100
100 =
.5
100 =
100
3.5
2
= 14
14.AshopkeepersellsoneradioforRs.840atagainof20%andanotherforRs.960at
alossof4%.Whatishistotalgainorlosspercentage?
A. 5%
C. 6
B. 6%
12
%
17
D. 5
15
%
17
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ProfitandLoss
SP of 1st Radio = 840
Gain = 20%
100
100
CP of 1st Radio =
SP =
(100 + Gain%)
Loss = 4%
100
100
CP of 2nd Radio =
SP =
(100 Loss%)
Gain
Gain%
http://www.careerbless.com/aptitude/qa/profitloss.php
100
100 =
100
100 =
15
= 5
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Gain
Gain% =
ProfitandLoss
100
100 =
CP
100
100 =
1700
15
= 5
17
17
15. A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at
Rs.36perkgandsellsthemixtureatRs.30perkg.Whatishisprofitpercentage?
A.6%
B.5%
C.4%
D.7%
Gain
Gain% =
CP
http://www.careerbless.com/aptitude/qa/profitloss.php
80
100 =
100
100 =
1600
= 5%
20
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ProfitandLoss
16. If a material is sold for Rs.34.80, there is a loss of 25%. Find out the cost price of
thematerial?
A.Rs.46.40
B.Rs.44
C.Rs.42
D.Rs.47.20
Loss = 25%
100
CP =
100
100
SP =
(100 Loss%)
34.80 =
(100 25)
34.80
75
4 34.80
=
= 4 11.60 = 46.40
3
17.AfruitsellersellsapplesattherateofRs.9perkgandtherebyloses20%.Atwhat
priceperkg,heshouldhavesoldthemtomakeaprofitof5%?
A.11.32
B.11
C.12
D.11.81
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ProfitandLoss
Hereistheanswerandexplanation
Answer:OptionD
Explanation:
SP = 9
Loss = 20%
100
100
CP =
100
SP =
(100 Loss%)
9 =
9
80
(100 20)
5
=
9
4
(100 + 5)
100 + Gain%
to make a profit of 5%, S P =
CP =
100
105
=
100
105
9 =
100
21
9 =
20
CP
100
21
9 =
189
9 =
= 11.81
16
18.Atradergives12%additionaldiscountonthediscountedprice,aftergivinganinitial
discount of 20% on the labeled price of an item. The final sale price of the item is
Rs.704.Findoutthelabeledprice?
A.1000
B.2000
C.1200
D.920
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ProfitandLoss
Let the labeled price = x
S P = 704
80
Price after initial discount = x
100
80
Price after additional discount = x
88
100
100
80
x
88
= 704
100
4
x
100
22
= 704
25
25
x = 704
22
25
= 176
5
22
= 8 25 5 = 40 25 = 1000
19.AmansellstwohousesattherateofRs.1.995lakhseach.Ononehegains5%and
ontheother,heloses5%.Whatishisgainorlosspercentinthewholetransaction?
A.0.25%.
B..3%
C..4%
D..5%
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ProfitandLoss
lossofx%,thentheselleralwaysincursalossexpressedas
x
= (
10
)
10
5
So in this case, he will have a loss. Loss% = (
)
10
1
= (
1
= (
) = .25
4
20. John purchased a machine for Rs. 80,000. After spending Rs.5000 on repair and
Rs.1000ontransporthesolditwith25%profit.Whatpricedidhesellthemachine?
A.Rs.107000.
B.Rs.107500.
C.Rs.108500.
D.Noneofthese
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ProfitandLoss
C P = 80, 000 + 5000 + 1000 = 86000
P rof it = 25%
(100 + Gain%)
SP =
(100 + 25)
CP =
100
125
=
86000
100
5
86000 =
100
21. By selling an item for Rs.15, a trader loses one sixteenth of what it costs him. The
costpriceoftheitemis
A.Rs.14
B.Rs.15
C.Rs.16
D.Rs.17
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ProfitandLoss
S P = 15
CP
Loss =
16
Loss = C P S P = C P 15
CP
= C P 15
16
15 CP
= 15
16
CP
= 1
16
C P = 16
22. A shopkeeper sells his goods at cost price but uses a weight of 800 gm instead of
kilogramweight.Whatishisprofitpercentage?
A.18%
B.40%
C.25%
D.20%
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ProfitandLoss
Error
Gain% = [
100] %
(True Value Error)
200
So here profit percentage = [
100] %
(1000 200)
200
= [
100] % = 25%
800
23.Prasanthboughtacarandpaid10%lessthantheoriginalprice.Hesolditwith30%
profit on the price he had paid. What percentage of profit did he earn on the original
price?
A.17%
B.16%
C.18%
D.14%
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ProfitandLoss
Let the original price = 100
P rof it = 30%
(100 + 30)
CP =
100
90
100
130
=
90 = 13 9 = 117
100
(117 100)
Required% =
100 = 17%
100
24. If a seller reduces the selling price of an item from Rs.400 to Rs.380, his loss
increasesby2%.Whatisthecostpriceoftheitem?
A.1000
B.800
C.1200
D.1100
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ProfitandLoss
C P 400
Initial Loss% =
100
CP
C P 380
If the SP is reduced from 400 to 380, Loss% =
100
CP
C P 380
C P 400
100
CP
100 = 2
CP
2 CP
(C P 380) (C P 400) =
100
2 CP
20 =
100
20 100
CP =
= 1000
2
25. A trader keeps the marked price of an item 35% above its cost price. The
percentageofdiscountallowedtogain8%is
A.None
B.30%
C.25%
D.20%
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ProfitandLoss
Let the Cost Price (CP) =100
100 135
Then Market Price =
= 135
100
(100 + Gain%)
If he wants to gain 8%, SP =
(100 + 8)
CP =
100
(135 108)
Discount % =
100 = 108
100
2700
100 =
135
= 20
135
26. Arun bought a computer with 15% discount on the labeled price. He sold the
computerforRs.2880with20%profitonthelabeledprice.Atwhatpricedidhebuythe
computer?
A.Rs.3000
B.Rs.2080
C.Rs.2040
D.Rs.2000
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ProfitandLoss
SP = 2880
Arun sold the computer with 20% profit on the Labeled Price
(2880 100)
Labeled Price =
28800
=
120
9600
=
12
= 2400
4
Labeled Price 85
=> CP =
2400 85
=
100
= 24 85 = 2040
100
27.AnitemwassoldforRs.27.50withaprofitof10%.IfitwassoldforRs.25.75,what
wouldhavebeenthepercentageofprofitorloss?
A.3%
B.2%
C.4%
D.5%
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ProfitandLoss
Explanation:
SP=27.5
Profit=10%
100
100
CP =
2750
SP =
27.5 =
(100 + 10)
= 25
110
IftheitemwassoldforRs.25.75,
(25.75 25)
Gain% =
.75
100 =
25
100 = 3%
25
28.IfsellingpriceofanarticleisRs.250,profitpercentageis25%.Findtheratioofthe
costpriceandthesellingprice
A.5:3
B.3:5
C.4:5
D.5:4
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ProfitandLoss
SP=250
Profit=25%
100
100
CP =
100
SP =
(100 + Profit%)
250 ==
250 = 200
125
(100 + 25)
RequiredRatio=200:250=4:5
29.AmaterialispurchasedforRs.600.Ifonefourthofthematerialissoldatalossof
20%andtheremainingatagainof10%,Findouttheoverallgainorlosspercentage?
A. 3
B. 2
%
2
1
%
2
C. 3%
D. 2%
PriceReceivedbysellingonefourthofthematerialatalossof20%
1
=
4
http://www.careerbless.com/aptitude/qa/profitloss.php
80
600
= 120
100
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ProfitandLoss
PriceReceivedbyremainingmaterialatagainof10%
3
=
110
600
= 495
100
SP=120+495=615
(S P C P )
Profit% =
(615 600)
100 =
CP
15
100 =
600
15
100 =
600
5
=
1
= 2
%
2
30. A shopkeeper buys pencils at 9 for Rs. 16 and sells them at 11 for Rs. 22. Find out
hislossorgainpercentage?
A. 12
1
%
B. 12%
C. 14%
D. 11
2
%
3
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ProfitandLoss
= 2
11
16
(2
Profit% =
)
9
(S P C P )
100 =
CP
100 =
16
16
100
100 =
1
= 12
%
2
31. A reduction of 10% in the price of a pen enabled a trader to purchase 9 more for
Rs.540.Whatisthereducedpriceofthepen?
A.8
B.6
C.5
D.4
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ProfitandLoss
Let price of a pen = x
540
Number of pens purchased for Rs.540 =
x
90x
Price of a pen after the reduction of 10% =
9x
=
100
10
540
Number of pens purchased for Rs.540 with reduced price =
600
=
9x
10
600
Additional pens purchased =
540
60
=
60
= 9
x
60
x =
9
60
Reduced price of the pen =
90
= 6
100
32.SunilpurchasestwobooksatRs.300each.Hesoldonebook10%gainandotherat
10%loss.Whatisthetotallossorgaininpercentage?
A.10%gain
B.1%loss
C.Nolossornogain
D.1%gain
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ProfitandLoss
Hereistheanswerandexplanation
Answer:OptionC
Explanation:
CPoftwobooks=300+300=600
110
SP of two books =300
90
+ 300
100
300
=
100
TotalSP=TotalCP
HenceNolossornogain
Comments(126) SortNewest
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showing110of126comments,sortednewesttotheoldest
T.Kamalakar 1yearago
ashopkeepersoldafurnitureforrs.32000andlost20%.calculatethemaximumretail
price
(0)
(0) Reply
vinod 1yearago
Lettheretailpricebex
helost20%bysellingitat32000.thatmeanshesolditemat80%ofretailprice.
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ProfitandLoss
80x/100=32000
x=40000
maximumretailpriceis40,000
(0)
(0) Reply
Dev 1yearago
helost20%bysellingitat32000.thatmeanshesolditemat80%ofretailprice.
itiswrongtoassumelikethis.Theabovestatementmeanshesolditemat80%of
costprice.
CostpriceandMaximumRetailPricearedifferent
(0)
(0) Reply
(0)
(0) Reply
(0)
(0) Reply
(0)
(0) Reply
Dev 1yearago
Insufficientdata
T.Kamalakar 1yearago
5%of80%ofrs3000is
Dev 1yearago
80%ofRs.3000=3000*80/100
5%of80%ofRs3000=3000*80/100*5/100=120
Dev 1yearago
Amanpurchased30kgofriceattherateofRs.17.5.perkgandanother30kgriceata
certainrate.HemixthetwoandsoldtheentirequantityattherateofRs.18.60/kgand
made20%overallprofit.AtwhatPriceperkgdidhepurchasedthelotofanother30kgrice
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11/30/2016
ProfitandLoss
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(0)
(0) Reply
Dev 1yearago
Letthepriceperkgoftheother30kgricebex
Costpriceis30*17.5+30*x=30(17.5+x)
SellingPrice=60*18.60=Rs.1116
Profitis20%
CostPrice*120/100=SellingPrice
30(17.5+x)*120/100=1116
17.5+x=31
x=13.5
kubaib 1yearago
Letmeseewhoissmarterinthisgroup.Answerifucan.Averysimplebutconfusing
puzzle.
Aladybuysgoodsworthrs.200fromashop.(shopkeepersellingthegoodswithzero
profit).Theladygiveshim1000rsnote.Theshopkeepergetsthechangefromthenextshop
andkeeps200forhimselfandreturnsrs.800todlady.Latertheshopkeeperofthenext
shopcomeswiththe1000rsnotesaying"duplicate"andtakeshismoneyback."Howmuch
LOSSdidtheshopkeeperface?"
A.200
B.800
C.1200
D.1800
E.2000
F.1600
G.Other
(0)
(0) Reply
ArunKumar 1yearago
http://www.careerbless.com/aptitude/qa/profitloss.php
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ProfitandLoss
Simplyshopkeeperhadalossofrs.2000/
FirsthegaveladyRs.1000/(Rs.800cashandRs.200goodworth)
SecondlossRs.1000offakecurrency.
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