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

Q116. **If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:**

1.  Rs. 50
2.  Rs. 160
3.  Rs. 200
4.  Rs. 225

Solution : Rs. 200
Q117. **The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs. 3. The ratio of the two selling prices is:**

1.  51:52
2.  52:53
3.  51:53
4.  52:55

Solution : 52:53
Q118. **A person purchases 90 clocks and sells 40 clocks at a gain of 10% and 50 clocks at a gain of 20%. If he sold all of them at a uniform profit of 15%, then he would have got Rs. 40 less. The cost price of each clock is:**

1.  Rs.50
2.  Rs.60
3.  Rs.80
4.  Rs.90

Solution : Rs.80
Q119. **Albert buys 4 horses and 9 cows for Rs. 13,400. If he sells the horses at 10% profit and the cows at 20% profit, then he earns a total profit of Rs. 1880. The cost of a horse is:**

1.  Rs. 1000
2.  Rs. 2000
3.  Rs. 2500
4.  Rs. 3000

Solution : Rs. 2000

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Q120. **The price of a VCR is marked at Rs. 12,000. If successive discounts of 15%, 10% and 5% be allowed, then at what price does a customer buy it?**

1.  Rs. 8400
2.  Rs. 8721
3.  Rs. 8856
4.  None of these

Solution : Rs. 8721
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