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
Q1. **Alfred buys an old scooter for Rs. 4700 and spends Rs. 800 on its repairs. If he sells the scooter for Rs. 5800, his gain percent is:**
- 32/7%
- 60/11%
- 10%
- 12%
Solution : 60/11%
Q2. **The cost price of 20 articles is the same as the selling price of x articles. If the profit is 25%, then the value of x is:**
- 15
- 16
- 18
- 25
Solution : 16
Q3. **If selling price is doubled, the profit triples. Find the profit percent.**
- 200/3
- 100
- 316/3
- 120
Solution : 100
Q4. **In a certain store, the profit is 320% of the cost. If the cost increases by 25% but the selling price remains constant, approximately what percentage of the selling price is the profit?**
- 30%
- 70%
- 100%
- 250%
Solution : 70%
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Q5. **A vendor bought toffees at 6 for a rupee. How many for a rupee must he sell to gain 20%?**
- 3
- 4
- 5
- 6
Solution : 5
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