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

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

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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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