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

Q11. **When a plot is sold for Rs. 18,700, the owner loses 15%. At what price must that plot be sold in order to gain 15%?**

  1.  Rs. 21,000
  2.  Rs. 22,500
  3.  Rs. 25,300
  4.  Rs. 25,800

Solution : Rs. 25,300
Q12. **100 oranges are bought at the rate of Rs. 350 and sold at the rate of Rs. 48 per dozen. The percentage of profit or loss is:**

  1.  100/7% gain
  2.  15% gain
  3.  100/7 loss
  4.  15% loss

Solution : 100/7% gain

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Q13. **A shopkeeper sells one transistor for Rs. 840 at a gain of 20% and another for Rs. 960 at a loss of 4%. His total gain or loss percent is:**

  1.  100/17% loss
  2.  100/17% gain
  3.  20/3% gain
  4.  None of these

Solution : 100/17% gain
Q14. **A trader mixes 26 kg of rice at Rs. 20 per kg with 30 kg of rice of other variety at Rs. 36 per kg and sells the mixture at Rs. 30 per kg. His profit percent is:**

  1.  No profit, no loss
  2.  5%
  3.  8%
  4.  10%
  5.  None of these

Solution : 5%

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Q15. **A shopkeeper sells some articles at the profit of 25% on the original price. What is the exact amount of profit? To find the answer, which of the following information given in Statements I and II is/are necessary?** **I. Sale price of the article** **II. Number of articles sold**

  1.  Only I is necessary
  2.  Only II is necessary
  3.  Either I or II is necessary
  4.  Both I and II are necessary
  5.  None of these

Solution : Both I and II are necessary
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Solution :

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