Profit and Loss
Profit and Loss: Profit Formula, Profit Percentage Formula, Gross Profit, Profit and Loss Questions, Problems with Solutions
Take Aptitude Test
View Aptitude Test Results
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.**
- Only I is necessary
- Only II is necessary
- Both I and II are necessary
- Either I or II ins necessary
- 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.**
- A
- B
- C
- D
- 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.**
- A
- B
- C
- D
- 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.**
- Only I and II
- Only II and III
- Only I and III
- All I, II and III
- None of these
Solution : Only I and II
Campus Ambassador (Remote Internship)
Are you a college student? You can become a Campus Ambassador for LearningPundits. Promote our Online Contests to students from you college via email, Facebook, posters, WhatsApp and old-fashioned face to face communication
You will receive:
- Stipend based on your performance
- Internship Certificate to boost your Resume
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.**
- Only I and II
- Only II and III
- Only I and III
- Any two of the three
- None of these
Solution : None of these
Q{{($index+1)+((page-1)*LIMITPERPAGE)}}.
Solution :
Grammar Guru
Free Online Contest on English Grammar and Vocabulary.20 mins Only.
- All Participants get Participation Certificates to boost your Resume
Participation Now using Laptop/ Desktop/ Tab/ Mobile.
Math Whiz
Free Online Contest on Aptitude and Reasoning.20 mins Only.
- All Participants get Participation Certificates to boost your Resume
Participation Now using Laptop/ Desktop/ Tab/ Mobile.
Campus Ambassador (Remote Internship)
Are you a college student? You can become a Campus Ambassador for LearningPundits. Promote our Online Contests to students from you college via email, Facebook, posters, WhatsApp and old-fashioned face to face communication
You will receive:
- Stipend based on your performance
- Internship Certificate to boost your Resume
Preparing for Aptitude Tests ? Please go through our courses on Aptitude Questions and try to answer our Online Aptitude Test Questions on Quantitative Aptitude.
Interested in evaluating your Reasoning Skills ? Please go through our courses on Logical Reasoning and Non-Verbal Reasoning to answer our Reasoning Questions.
Interested in learning English and checking your English Grammar ? Do a quick grammar check to evaluate your Basic English Grammar Skills. Improve your English Vocabulary by going through these Vocabulary words.
Wondering how to make a resume ? These resume format for freshers might be helpful. You can also submit your Resume for Review and look and Resume samples available there.
Preparing for an HR Interview or Group Discussion ? These HR interview questions and answers could help you do well in a typical HR interview. These group discussion tips could also be useful.
Searching for jobs ? We have thousand of Fresher Jobs. Feel free to browse through our extensive list of online jobs.