# 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

Q16. **A shopkeeper sells some toys at Rs. 250 each. What percent profit does he make? To find the answer, which of the following information given in Statements I and II is/are necessary?** **I. Number of toys sold.** **II. Cost price of each toy.**

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

Solution : Only II is necessary
Q17. > This question consists of a statement and / or a > question and two statements numbered I and II given below it. You have > to decide whether the data provided in the statement(s) is / are > sufficient to answer the given question. Read the both statements and select option: > > (A) if the data in Statement I alone is sufficient to > answer the question, while that in Statement II alone is not. > > (B) if the data in Statement II alone is sufficient to > answer the question, while that in Statement I alone is not. > > (C) if the data either in Statement I or in Statement II > alone is sufficient to answer the question. > > (D) if the data in both Statements I and II together is not sufficient to answer the question. > > (E) if the data in both Statements I and II together is necessary to answer the question. > **A man mixes two types of rice (X and Y) and sells the mixture at the rate of Rs. 17 per kg. Find his profit percentage.** **I. The rate of X is Rs. 20 per kg.** **II. The rate of Y is Rs. 13 per kg.**

1.  A
2.  B
3.  C
4.  D
5.  E

Solution : D
Q18. > This question consists of a statement and / or a > question and two statements numbered I and II given below it. You have > to decide whether the data provided in the statement(s) is / are > sufficient to answer the given question. Read the both statements and select option: > > (A) if the data in Statement I alone is sufficient to > answer the question, while that in Statement II alone is not. > > (B) if the data in Statement II alone is sufficient to > answer the question, while that in Statement I alone is not. > > (C) if the data either in Statement I or in Statement II > alone is sufficient to answer the question. > > (D) if the data in both Statements I and II together is not sufficient to answer the question. > > (E) if the data in both Statements I and II together is necessary to answer the question. > **By selling a product at 20% profit, how much profit was earned?** **I. The difference between cost and selling price is Rs. 40.** **II. The selling price is 120 percent of the cost price.**

1.  A
2.  B
3.  C
4.  D
5.  E

Solution : A
Q19. In the question given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. **By selling an article what is the profit percent gained?** **I. 5% discount is given on list price.** **II. If discount is not given, 20% profit is gained.** **III. The cost price of the articles is Rs. 5000.**

1.  Only I and II
2.  Only II and III
3.  Only I and III
4.  All I, II and III
5.  None of these

Solution : Only I and II

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Q20. In the question given below consists of a question followed by three statements. You have to study the question and the statements and decide which of the statement(s) is/are necessary to answer the question. **What was the percentage of discount given?** **I. 23.5% profit was earned by selling an Almirah for Rs. 12,350.** **II. If there were no discount, the earned profit would have been 30%.** **III. The cost price of the Almirah was Rs. 10,000.**

1.  Only I and II
2.  Only II and III
3.  Only I and III
4.  Any two of the three
5.  None of these

Solution : None of these
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