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

Q21. In the following question there are three statements.you need to decide whether any information provided in the statement(s) is redundant and can be dispensed. **What is the percent profit earned by the shopkeeper on selling the articles in his shop?** **I. Labeled price of the articles sold was 130% of the cost price.** **II. Cost price of each article was Rs. 550.** **III. A discount of 10% on labeled price was offered.**

1.  Only I
2.  Only II
3.  I and III
4.  All the three are required
5.  Question cannot be answer even with information in all the three statements

Solution : I and III
Q22. **A cycle is bought for Rs.900 and sold for Rs.1080, find the gain percent?**

1.  16 2/3%
2.  20%
3.  18%
4.  25%

Solution : 20%
Q23. **An article is bought for Rs.675 and sold for Rs.900, find the gain percent?**

1.  16 (2/3)%
2.  30%
3.  33 (1/3)%
4.  33 (1/6)%

Solution : 33 (1/3)%
Q24. **An article is bought for Rs.600 and sold for Rs.500, find the loss percent?**

1.  16 (1/3)%
2.  100/3%
3.  16%
4.  16 (2/3)%

Solution : 16 (2/3)%

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Q25. **The cost price of a radio is Rs. 1500 and it was sold for Rs. 1230, find the loss % .**

1.  18%
2.  9%
3.  15%
4.  6%

Solution : 18%
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