# 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

Q96. **The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is:**

1.  Rs. 500
2.  Rs. 515
3.  Rs. 550
4.  Rs. 600

Solution : Rs. 500
Q97. **Jacob brought a scooter for a certain sum of money. He spent 10% of the cost on repairs and sold the scooter for a profit of Rs. 1100. How much did he spend on repairs if he made a profit of 20%?**

1.  Rs. 400
2.  Rs. 440
3.  Rs. 500
4.  Rs. 550

Solution : Rs. 500
Q98. **The ratio of the cost price and the selling price is 4:5. The profit percent is:**

1.  10%
2.  20%
3.  25%
4.  30%

Solution : 25%
Q99. **The ratio between the sale price and the cost price of an article is 7:5. What is the ratio between the profit and the cost price of that article?**

1.  2:7
2.  5:2
3.  7:2
4.  None of these

Solution : None of these

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Q100. **A man gains 20% by selling an article for a certain price. If the sells it at double the price, the percentage of profit will be:**

1.  40
2.  100
3.  120
4.  140

Solution : 140
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