profit-and-loss

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

Q6. **The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?**

  1.  Rs. 2000
  2.  Rs. 2200
  3.  Rs. 2400
  4.  Data inadequate

Solution : Rs. 2000
Q7. **A shopkeeper expects a gain of 22.5% on his cost price. If in a week, his sale was of Rs. 392, what was his profit?**

  1.  Rs. 18.20
  2.  Rs. 70
  3.  Rs. 72
  4.  Rs. 88.25

Solution : Rs. 72

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Q8. **A man buys a cycle for Rs. 1400 and sells it at a loss of 15%. What is the selling price of the cycle?**

  1.  Rs. 1090
  2.  Rs. 1160
  3.  Rs. 1190
  4.  Rs. 1202

Solution : Rs. 1190
Q9. **Some articles were bought at 6 articles for Rs. 5 and sold at 5 articles for Rs. 6. Gain percent is:**

  1.  30%
  2.  100/3
  3.  35%
  4.  44%

Solution : 44%

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Q10. **On selling 17 balls at Rs. 720, there is a loss equal to the cost price of 5 balls. The cost price of a ball is:**

  1.  Rs. 45
  2.  Rs. 50
  3.  Rs. 55
  4.  Rs. 60

Solution : Rs. 60
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