# Profit and Loss

Profit and Loss: Profit Formula, Profit Percentage Formula, Gross Profit, Profit and Loss Questions, Problems with Solutions

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## Online Aptitude Questions with Answers on Profit and Loss

Q121. **By selling an umbrella for Rs. 300, a shop keeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:**

1.  7
2.  7.5
3.  8
4.  9

Solution : 8
Q122. **The cost price of an article is 64% of the marked price. Calculate the gain percent after allowing a discount of 12%?**

1.  37.5%
2.  48%
3.  50.5%
4.  52%

Solution : 37.5%
Q123. **A shopkeeper sold an article offering a discount of 5% and earned a profit of 23.5%. What would have been the percentage of profit earned if no discount was offered?**

1.  24.5
2.  28.5
3.  30

Solution : 30
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